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PBJ vs XLP

Invesco Food & Beverage ETF

PBJDNYSE Arca

State Street Consumer Staples Select Sector SPDR ETF

XLPANYSE Arca

Overlap

Expense ratio

XLP −0.55pt a year

PBJ0.63%XLP0.08%

Avg volume · 30D

XLP 414.3×the volume

PBJ27.9KXLP11.5M

10Y return · a year

XLP +3.0pt

PBJ+5.3%XLP+8.3%

PBJ vs XLP Performance

Oct 29, 2021 – Oct 30, 2026

+20.9%PBJ+43.2%XLP

Oct 29, 2021 to Oct 30, 2026. PBJ +20.9%. XLP +43.2%. Use the arrow keys to read each point.0%10%30%Oct 2021Apr 2024Oct 2026
Expense ratio
PBJ 0.63%
XLP 0.08%, better
Fund size
PBJ $106M
XLP $14.8B
1Y total return
PBJ +11.4%
XLP +20.5%, better
Yield (12M)
PBJ 1.23%
XLP 2.46%, better
Holdings
PBJ 33
XLP 37
Avg volume (30D)
PBJ 27.9K sh
XLP 11.5M sh, better
NAV per share
PBJ $47.74
XLP $88.14
52W range

ETF.net Grade

PBJ: Cost 6, Risk 34, Mission 84, Tradability 48, Holdings 69, Durability 58. XLP: Cost 94, Risk 68, Mission 78, Tradability 98, Holdings 56, Durability 80.
Pillar letters and Scores for PBJ, XLP, with each pillar’s weight
PillarPBJXLP
Cost30% weightF6A94Higher
Mission25% weightA84HigherA78
Risk15% weightD34B68Higher
Tradability15% weightC48A98Higher
Holdings10% weightB69HigherB56
Durability5% weightB58A80Higher

Rank among Consumer Staples (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PBJ and XLP 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 ›

XLP ranks 1st and PBJ 11th of 12 funds in the Consumer Staples (Broad) Category.

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

Our read on each fund

ETF.net Research

PBJDInvesco Food & Beverage ETF

XLPAState Street Consumer Staples Select Sector SPDR 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.

XLP One of the original sector funds, live since December 1998. XLP is the S&P 500's staples aisle: roughly 40 makers of soap, soda, snacks and smokes, cap-weighted, for eight basis points.

Stated mandate

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

XLP The fund seeks to track, before expenses, the price and yield performance of the Consumer Staples Select Sector Index, representing U.S. consumer staples companies.

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.
  • XLP 0.08% a year against a peer-group median of 0.40%. In a slow-and-steady sector, that fee gap is one of the few things you actually control.
  • Part of the first suite of sector ETFs launched in 1998, and still a multi-billion-dollar fund that trades very actively. Getting in and out is rarely the hard part.ssga.com
  • Ties FSTA on fee and undercuts VDC, while holding strictly to S&P 500 members rather than a wider universe. Clean, literal exposure to the index's staples slice.ssga.com
  • Among the strongest implementations in the staples cohort: broad mandate, quarterly distributions, no structural quirks buried in the wrapper.

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
  • XLP About 40 names, market-cap weighted with index caps applied for diversification. The biggest retailers and household-product giants still carry outsized weight.spglobal.com
  • U.S. only. Foreign staples heavyweights sit outside the mandate; KXI casts a global net, and RSPS spreads weight evenly instead of by size.
  • This is one slice of the S&P 500, not a diversified core. Staples run on their own cycle and can drift far from the broad market for long stretches.

Full PBJ profile⁠

Full XLP profile⁠

PBJ vs XLP 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 XLP Cost

Overpaying PBJ vs XLP

$10,670

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

  • PBJ 0.63%

    $12,359

  • XLP 0.08%

    $1,689

$10,000
30 years

Cost over time

  • PBJ 0.63%
  • XLP 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PBJ $12,359XLP $1,689

Year by year

YearPBJXLPOverpaying
10$1,128$147$981
20$4,311$575$3,736
30$12,359$1,689$10,670

Expense ratio

  • 0.63%PBJ
  • 0.08%XLP, cheaper
  • Middle half of Consumer Staples (Broad) funds
  • Median 0.38%

XLP cheapest of 12 funds

PBJ 11th cheapest of 12 funds

PBJ vs XLP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PBJ 1.23%
XLP 2.46%, better
Payout (12M)
PBJ $0.59
XLP $2.20
Last payment
PBJ $0.18
XLP $0.54
Ex-dividend
PBJ Sep 21, 2026
XLP Sep 21, 2026
Paid on
PBJ Sep 25, 2026
XLP Sep 23, 2026
Frequency
PBJ Quarterly
XLP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBJQuarterly · 37 paymentsAll PBJ payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.10; Sep 18, 2017 $0.14; Mar 19, 2018 $0.12; Jun 18, 2018 $0.11; Sep 24, 2018 $0.10; Dec 24, 2018 $0.09; Mar 18, 2019 $0.04; Jun 24, 2019 $0.15; Sep 23, 2019 $0.11; Dec 23, 2019 $0.12; Mar 23, 2020 $0.08; Jun 22, 2020 $0.11; Sep 21, 2020 $0.11; Dec 21, 2020 $0.12; Mar 22, 2021 $0.12; Jun 21, 2021 $0.12; Sep 20, 2021 $0.10; Dec 20, 2021 $0.07; Mar 21, 2022 $0.10; Jun 21, 2022 $0.12; Sep 19, 2022 $0.15; Dec 19, 2022 $0.47; Mar 20, 2023 $0.20; Jun 20, 2023 $0.25; Sep 18, 2023 $0.17; Dec 18, 2023 $0.22; Mar 18, 2024 $0.07; Jun 24, 2024 $0.15; Sep 23, 2024 $0.12; Dec 23, 2024 $0.17; Mar 24, 2025 $0.22; Jun 23, 2025 $0.28; Sep 22, 2025 $0.20; Dec 22, 2025 $0.12; Mar 23, 2026 $0.15; Jun 22, 2026 $0.14; Sep 21, 2026 $0.18. Use the arrow keys to read each point.$0$0.502017202020232026YTD
XLPQuarterly · 39 paymentsAll XLP payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.29; Jun 16, 2017 $0.44; Sep 15, 2017 $0.35; Dec 15, 2017 $0.42; Mar 16, 2018 $0.30; Jun 15, 2018 $0.39; Sep 21, 2018 $0.39; Dec 21, 2018 $0.46; Mar 15, 2019 $0.30; Jun 21, 2019 $0.45; Sep 20, 2019 $0.36; Dec 20, 2019 $0.51; Mar 23, 2020 $0.29; Jun 22, 2020 $0.46; Sep 21, 2020 $0.38; Dec 21, 2020 $0.56; Mar 22, 2021 $0.36; Jun 21, 2021 $0.44; Sep 20, 2021 $0.44; Dec 20, 2021 $0.51; Mar 21, 2022 $0.33; Jun 21, 2022 $0.51; Sep 19, 2022 $0.46; Dec 19, 2022 $0.53; Mar 20, 2023 $0.34; Jun 20, 2023 $0.53; Sep 18, 2023 $0.49; Dec 18, 2023 $0.54; Mar 18, 2024 $0.55; Jun 24, 2024 $0.58; Sep 23, 2024 $0.44; Dec 23, 2024 $0.60; Mar 24, 2025 $0.42; Jun 23, 2025 $0.55; Sep 22, 2025 $0.54; Dec 22, 2025 $0.63; Mar 23, 2026 $0.45; Jun 22, 2026 $0.57; Sep 21, 2026 $0.54. Use the arrow keys to read each point.$0$0.502017202020232026YTD

PBJ vs XLP Risk

Fall from peak · 5 years

  • PBJ
  • XLP
Oct 29, 2021 to Oct 30, 2026. Worst fall: XLP −16.3% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PBJ 13.4%XLP 13.2%, better
Return per unit of riskSharpe ratio, 3 years
PBJ 0.20XLP 0.63, better
Worst fallMax drawdown, 5 years
PBJ −15.8%, betterXLP −16.3%
Market sensitivityBeta, 5 years
PBJ 0.50XLP 0.48

PBJ and XLP in the news

All news⁠

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