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ETFs

Invesco Food & Beverage ETF

PBJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.63%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,913,095
AUM
$213,727,556
Associated Index
Dynamic Food & Beverage Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

KHC
Kraft Heinz Co
5.24%
MDLZ
Mondelez International Inc. - Ordinary Shares - Class A
5.12%
CMG
Chipotle Mexican Grill
5.11%
PEP
PepsiCo Inc
5.09%
STZ
Constellation Brands Inc - Ordinary Shares - Class A
5.08%
KO
Coca-Cola Co
4.90%
ADM
Archer Daniels Midland Co.
4.87%
MNST
Monster Beverage Corp.
4.86%
SEB
Seaboard Corp.
2.98%
SFM
Sprouts Farmers Market Inc
2.98%
Invest with PBJ

What is PBJ?

The Invesco Dynamic Food & Beverage ETF (Fund) is based on the Dynamic Food & Beverage Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US food and beverage companies. These are companies that are principally engaged in the manufacture, sale or distribution of sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPBJ

ETFs correlated to PBJ include FXG, RSPS, FTXG

PBJ
Invesco Capital Management LLC - Invesco Food & Beverage ETF
FXG
First Trust Exchange-Traded Fund III - First Trust Consumer Staples AlphaDEX Fund
RSPS
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Staples ETF
FTXG
First Trust Exchange-Traded Fund III - First Trust Nasdaq Food & Beverage ETF
FSTA
Fidelity Covington Trust - Fidelity MSCI Consumer Staples Index ETF
VDC
Vanguard Group, Inc. - Vanguard Consumer Staples ETF
IYK
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Staples ETF
PSL
Invesco Capital Management LLC - Invesco Dorsey Wright Consumer Staples Momentum ETF
XLP
SSgA Active Trust - Consumer Staples Select Sector SPDR
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
KXI
BlackRock Institutional Trust Company N.A. - iShares Global Consumer Staples ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPBJ

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Category

Community

Risk Rating

Aggressive

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Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

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Create your own algorithmic trading strategy with PBJ using Composer

FAQ

PBJ is a US Equities ETF. The Invesco Dynamic Food & Beverage ETF (Fund) is based on the Dynamic Food & Beverage Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US food and beverage companies. These are companies that are principally engaged in the manufacture, sale or distribution of sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PBJ tracks the Dynamic Food & Beverage Intellidex Index.

No, PBJ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PBJ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PBJ is -0.0178%. This is the percent change in the value of PBJ over the most recent 1-month period. The 3-month return on PBJ is -0.0547%. This is the percent change in the value of PBJ over the most recent 3-month period.

The standard deviation of PBJ for the past year is 0.1325%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PBJ include XLI, XLY, and XLV.

ETFs correlated to PBJ include FXG, RSPS, and FTXG.

ETFs that are inversely correlated to PBJ include DOG, DXD, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.