PBJ vs VDC: Grades, Fees and Holdings Compared

Invesco Food & Beverage ETF

PBJDNYSE Arca

Vanguard Consumer Staples ETF

VDCBNYSE Arca

Overlap

19.6%by weight

Expense ratio

VDC −0.54pt a year

PBJ0.63%VDC0.09%

Avg volume · 30D

VDC 6.0×the volume

PBJ27.9KVDC166K

10Y return · a year

VDC +3.3pt

PBJ+5.3%VDC+8.6%

PBJ vs VDC Performance

Oct 29, 2021 – Oct 30, 2026

+20.9%PBJ+47.0%VDC

Expense ratio: PBJ 0.63%; VDC 0.09%, better
Fund size: PBJ $106M; VDC $8.7B
1Y total return: PBJ +11.4%; VDC +19.0%, better
Yield (12M): PBJ 1.23%; VDC 2.01%, better
Holdings: PBJ 33; VDC 106
Avg volume (30D): PBJ 27.9K sh; VDC 166K sh, better
NAV per share: PBJ $47.74; VDC $242.22
52W range

ETF.net Grade

Pillar letters and Scores for PBJ, VDC, with each pillar’s weight
Pillar	PBJ	VDC
Cost30% weight	F6	A82Higher
Mission25% weight	A84	Not scored
Risk15% weight	D34	B68Higher
Tradability15% weight	C48	B55Higher
Holdings10% weight	B69Higher	C44
Durability5% weight	B58	A86Higher

Rank among Consumer Staples (Broad) funds

How we build Categories ›

Same Category. PBJ and VDC are both graded against the same 12 Consumer Staples (Broad) funds, so their Grades compare head to head.

Consumer Staples (Broad)⁠

Category · 12 funds

See all 12 ›

VDC ranks 3rd and PBJ 11th of 12 funds in the Consumer Staples (Broad) Category.

Rank 1AXLPState Street Consumer Staples Select Sector SPDR ETFScore 83
Rank 2AFSTAFidelity MSCI Consumer Staples Index ETFScore 75
Rank 3BVDCVanguard Consumer Staples ETFScore 68
Rank 4BIYKiShares U.S. Consumer Staples ETFScore 56
Rank 10DFTXGFirst Trust Nasdaq Food & Beverage ETFScore 33
Rank 11DPBJInvesco Food & Beverage ETFScore 32
Rank 12DFXGFirst Trust Consumer Staples AlphaDEX FundScore 28

Our read on each fund

ETF.net Research

PBJDInvesco Food & Beverage ETF

VDCBVanguard Consumer Staples ETF

In short

PBJ The thematic purist of consumer staples: about 30 US food and drink stocks, picked by a quant screen rather than market cap. No cigarettes, no shampoo aisle, just what ends up on the table.

VDC Vanguard's take on the boring-on-purpose sector: about 100 US large-, mid- and small-cap staples names (soap, soda, groceries) for 0.09% a year, running since 2004.

Stated mandate

PBJ The Fund seeks capital appreciation by investing in companies selected through the Dynamic Food & Beverage IntellidexSM Index methodology.

VDC The fund seeks to track the MSCI US Investable Market Consumer Staples 25/50 Index, which measures the performance of large-, mid-, and small-cap U.S. consumer staples stocks.

Why people hold it

PBJ Food and drink only. The index holds about 30 US food and beverage companies, so tobacco and household-products giants never crowd out the theme.invesco.com
Names earn their spot on price momentum, earnings momentum, quality, management action and value, and the lineup is rebalanced and reconstituted quarterly.invesco.com
Trading since 2005, making it one of the longest-running funds aimed squarely at the food and beverage aisle. Distributions land quarterly.

VDC Charges 0.09% a year. Only XLP and FSTA sit lower at 0.08%, while the equal-weight and global alternatives (RSPS, KXI) run 0.38% to 0.40%.
Its index spans large-, mid- and small-cap US staples, roughly 100 stocks, so mid-sized beverage and household-products makers count, not just the mega-cap handful.
Hugs its MSCI benchmark tightly, one of the closer index implementations among broad consumer staples funds.
A multi-billion-dollar fund that has been trading since 2004 and pays out quarterly.

Worth knowing

PBJ At 0.63% (0.64% gross, net of a waiver through August 31, 2028), it costs more than the typical staples fund, and well above cap-weighted XLP at 0.08% or VDC at 0.09%.
Thinly traded and a smaller fund, so the spread you pay getting in and out can matter as much as the fee.
Quarterly reconstitution keeps the roster moving. About 30 holdings means single stocks carry real weight, and the lineup can look different a year from now.invesco.com

VDC One sector, one story. Staples move with grocery aisles and household budgets, not the broad market.
Even with the index's 25/50 diversification caps, a few giant food, beverage and retail names carry most of the weight.
Moderately traded rather than the category's volume leader, so limit orders earn their keep on larger trades.

Full PBJ profile⁠

Full VDC profile⁠

PBJ vs VDC Holdings

How PBJ and VDC differ

Overlap by weight

19.6%

Shared holdings make up 82.4% of PBJ and 24.3% of VDC.

Level by level

Holdings25 in both19.6%
Sector7 Sectors83.7%
Countryby domicile97.2%
Asset classEquity100%

Sector

Sector weights in PBJ and VDC, widest gap first
Sector	More in PBJMore in VDC	PBJ	VDC
Consumer Staples	VDC +16.3 points	81.9%	98.2%
Industrials	PBJ +4.9 points	5.2%	0.3%
Materials	PBJ +4.3 points	4.6%	0.3%
Consumer Discretionary	PBJ +4.0 points	4.9%	0.9%
Technology	PBJ +2.9 points	3.2%	0.3%
Financials	PBJ +0.2 points	0.2%	0.0%
Health Care	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PBJ and VDC, widest gap first
Country	More in PBJMore in VDC	PBJ	VDC
United States	VDC +2.8 points	97.2%	100.0%
United Kingdom	PBJ +2.8 points	2.8%	0.0%

Concentration

Weight in the 10 largest Holdings

PBJ47.0%
VDC66.2%

Securities held

PBJ32
VDC104

Asset class

PBJ: Equity
VDC: Equity

Holdings

Only in PBJ7
In both25
Only in VDC79

Only in PBJ

7 securities, 17.5% of PBJ by weight

Starbucks Corp5.09%
Corteva Inc4.53%
Nomad Foods Ltd2.79%
ARAMARK Holdings Corp2.64%
Smithfield Foods Inc2.32%
Invesco Government & Agency Portfolio0.19%
Securities Lending - Bnym0.00%

Only in VDC

79 securities, 75.5% of VDC by weight

Walmart Inc13.91%
Costco Wholesale Corp12.16%
Procter & Gamble Co/The9.93%
Philip Morris International Inc4.85%
PepsiCo Inc4.29%
Altria Group Inc3.87%
Mondelez International Inc2.59%
Target Corp2.50%
Colgate-Palmolive Co2.29%
Kenvue Inc1.26%
Kimberly-Clark Corp1.02%
Dollar General Corp1.02%
Estee Lauder Cos Inc/The0.90%
Hershey Co/The0.90%
Church & Dwight Co Inc0.88%
Casey's General Stores Inc0.86%
Dollar Tree Inc0.82%
General Mills Inc0.69%
Performance Food Group Co0.61%
Tyson Foods Inc0.60%
BJ's Wholesale Club Holdings Inc0.54%
McCormick & Co Inc/MD0.48%
Clorox Co/The0.44%
elf Beauty Inc0.35%
Conagra Brands Inc0.34%
Ingredion Inc0.34%
Sprouts Farmers Market Inc0.33%
Molson Coors Beverage Co0.32%
Lamb Weston Holdings Inc0.30%
PriceSmart Inc0.29%
Celsius Holdings Inc0.28%
Brown-Forman Corp0.28%
Primo Brands Corp0.27%
Albertsons Cos Inc0.25%
WD-40 Co0.23%
Cal-Maine Foods Inc0.22%
Interparfums Inc0.21%
Freshpet Inc0.21%
Spectrum Brands Holdings Inc0.19%
Marzetti Company/The0.19%
Central Garden & Pet Co0.19%
Campbell's Company/The0.18%
Herbalife Ltd0.16%
Energizer Holdings Inc0.16%
Edgewell Personal Care Co0.16%
Del Monte Corp0.15%
J & J Snack Foods Corp0.15%
Pilgrim's Pride Corp0.15%
Reynolds Consumer Products Inc0.15%
Turning Point Brands Inc0.14%

Weight gaps

All 25 Holdings in both funds, largest gap first.

Holding weights in PBJ and VDC, widest gap first
Holding	More in PBJMore in VDC	PBJ	VDC
Coca-Cola Co/TheKO	VDC +4.67 points	5.16%	9.83%
Kroger Co/TheKR	PBJ +4.52 points	5.75%	1.23%
Keurig Dr Pepper IncKDP	PBJ +4.17 points	5.65%	1.48%
Sysco CorpSYY	PBJ +3.66 points	5.04%	1.38%
Archer-Daniels-Midland CoADM	PBJ +3.50 points	4.91%	1.41%
Weis Markets IncWMK	PBJ +2.81 points	2.93%	0.12%
Monster Beverage CorpMNST	PBJ +2.76 points	4.85%	2.09%
Boston Beer Co Inc/TheSAM	PBJ +2.75 points	2.91%	0.16%
Maplebear IncCART	PBJ +2.74 points	3.08%	0.34%
Dole PLCDOLE	PBJ +2.57 points	2.70%	0.13%
Ingles Markets IncIMKTA	PBJ +2.57 points	2.73%	0.16%
Post Holdings IncPOST	PBJ +2.57 points	2.80%	0.23%
Coca-Cola Consolidated IncCOKE	PBJ +2.49 points	2.96%	0.47%
Seaboard CorpSEB	PBJ +2.47 points	2.61%	0.14%
United Natural Foods IncUNFI	PBJ +2.46 points	2.69%	0.23%
Andersons Inc/TheANDE	PBJ +2.41 points	2.63%	0.22%
Vita Coco Co Inc/TheCOCO	PBJ +2.24 points	2.46%	0.22%
J M Smucker Co/TheSJM	PBJ +2.23 points	2.80%	0.57%
Chefs' Warehouse Inc/TheCHEF	PBJ +2.23 points	2.52%	0.29%
Hormel Foods CorpHRL	PBJ +2.13 points	2.44%	0.31%
Constellation Brands IncSTZ	PBJ +2.01 points	2.68%	0.67%
Darling Ingredients IncDAR	PBJ +1.99 points	2.45%	0.46%
Kraft Heinz Co/TheKHC	PBJ +1.84 points	2.62%	0.78%
US Foods Holding CorpUSFD	PBJ +1.82 points	2.62%	0.80%
Bunge Global SABG	PBJ +1.80 points	2.39%	0.59%

All 31 PBJ holdings⁠All 103 VDC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PBJ vs VDC Cost

Overpaying PBJ vs VDC

$10,461

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PBJ 0.63%
$12,359
VDC 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

PBJ 0.63%
VDC 0.09%
Overpaying

Year by year

Year	PBJ	VDC	Overpaying
10	$1,128	$165	$963
20	$4,311	$646	$3,665
30	$12,359	$1,898	$10,461

Expense ratio

0.63%PBJ
0.09%VDC, cheaper

VDC0.09%PBJ0.63%

0.08%0.63%

Middle half of Consumer Staples (Broad) funds
Median 0.38%

VDC 3rd cheapest of 12 funds

PBJ 11th cheapest of 12 funds

PBJ vs VDC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PBJ 1.23%; VDC 2.01%, better
Payout (12M): PBJ $0.59; VDC $4.88
Last payment: PBJ $0.18; VDC $1.21
Ex-dividend: PBJ Sep 21, 2026; VDC Sep 23, 2026
Paid on: PBJ Sep 25, 2026; VDC Sep 25, 2026
Frequency: PBJ Quarterly; VDC Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBJQuarterly · 37 paymentsAll PBJ payments⁠

VDCQuarterly · 39 paymentsAll VDC payments⁠

PBJ vs VDC Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: PBJ 13.4%VDC 13.3%, better
Return per unit of riskSharpe ratio, 3 years: PBJ 0.20VDC 0.67, better
Worst fallMax drawdown, 5 years: PBJ −15.8%, betterVDC −16.6%
Market sensitivityBeta, 5 years: PBJ 0.50VDC 0.50; Market = 1

PBJ and VDC in the news

All news⁠

New ETFs
A new US bank ETF puts 42% in four megabanks and charges 0.14%
Oct 5, 2026VDC
News
Costco beats Q4 estimates with $95.7 billion of revenue and $6.75 EPS
Sep 24, 2026VDC

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PBJ vs VDC

In short

Stated mandate

Why people hold it

Worth knowing

How PBJ and VDC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PBJ

Only in VDC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

A new US bank ETF puts 42% in four megabanks and charges 0.14%

Costco beats Q4 estimates with $95.7 billion of revenue and $6.75 EPS

How PBJ and VDC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PBJ

Only in VDC

Weight gaps