Invesco Food & Beverage ETF

PBJ

Market cap $110M

iShares U.S. Consumer Staples ETF offers a lower expense ratio and a higher dividend yield than Invesco Food & Beverage ETF. Invesco Food & Beverage ETF maintains a concentrated portfolio focused on the food supply chain while the iShares fund covers a broader staples universe.

The Fidelity MSCI Consumer Staples Index ETF (FSTA) carries a significantly lower expense ratio of 0.08% compared to the 0.61% charged by Invesco Food & Beverage ETF (PBJ). PBJ maintains a concentrated portfolio of 31 holdings, while FSTA offers broader exposure with 98 positions.

Invesco Food & Beverage ETF earns a 'hold' rating due to persistent long-term underperformance and quality concerns despite improved near-term growth metrics. PBJ's 11.49% next-year EPS growth and 13.76x forward P/E create a compelling GARP profile, but quality and debt remain key risks. High portfolio turnover and a quant model not tailored to consumer staples drive volatility and inconsistent factor exposures.

Invesco Food & Beverage ETF manages significantly more assets and has a longer operational history than First Trust Nasdaq Food & Beverage ETF First Trust Nasdaq Food & Beverage ETF provides a higher dividend yield but has experienced greater historical volatility Both funds concentrate heavily on the consumer defensive sector and share identical holdings counts

The LSEG Retail/Restaurant Index reported Q1 2026 earnings growth of 27.2%. Retail earnings in the first quarter of 2026 received a significant boost from a historic tax refund season, reinforcing consumer spending at a time when the labor market remained resilient. Q2 2026 earnings are currently expected to mark the weakest growth rate of the year, with consensus forecasts calling for a gradual improvement during the second half of the year.

July 4 travel is set to stay strong despite inflation and high gas prices. These ETFs could benefit from holiday spending trends.

As we venture toward the halfway point of 2026, the headline narrative for consumer food prices is one of stabilizing moderation. However, this masks a sharp structural divergence under the surface that potentially has implications for ETFs tracking different cross-sections of the consumer food space.

State Street Consumer Staples Select Sector SPDR ETF offers a significantly lower expense ratio and higher dividend yield than Invesco Food & Beverage ETF Invesco Food & Beverage ETF uses a quant-based selection strategy focused on 30 stocks while State Street Consumer Staples Select Sector SPDR ETF tracks larger market-cap leaders State Street Consumer Staples Select Sector SPDR ETF has delivered stronger five-year total returns and maintains a much larger assets under management base

Invesco Food & Beverage ETF has provided higher total returns over the last five years compared to First Trust Nasdaq Food & Beverage ETF. First Trust Nasdaq Food & Beverage ETF offers a higher trailing-12-month dividend yield.

XLP charges a significantly lower expense ratio and delivers a higher dividend yield than PBJ. PBJ outperformed XLP over the past year but lagged slightly on five-year total growth.