Invesco Dynamic Food & Beverage ETF (PBJ) Performance
PBJ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.1% since Dec 31, 2025
- 1 year
- +7.4% total return
- 5 years
- +3.8% a year
- 10 years
- +5.4% a year
- Since first price
- +7.1% a year since 2005
PBJ trailing returns vs SPY, QQQ, AGG
| Period | PBJ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.5% | +5.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.8% | +0.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.4% | −4.0% | +7.8% | +8.4% | −1.5% |
| YTD | +8.1% | +7.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.4% | +6.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +24.0%+7.4%/yr | +18.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +20.8%+3.8%/yr | +11.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +69.6%+5.4%/yr | +47.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +211.3%+7.9%/yr | +154.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +299.2%+7.2%/yr | +198.8% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 23, 2005 | +335.2%+7.1%/yr | +222.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PBJ vs SPY
From Jun 23, 2005: PBJ grew to $43,524, SPY to $93,456.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PBJ returns by calendar year
17 of 20 full years positive. Best 2013 (+33.5%), worst 2008 (−21.7%). 2026 is year to date.
PBJ annual returns table
| Year | PBJ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.1% | −11.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.9% | −12.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.5% | −7.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.3% | −14.8% | +26.2% | +54.9% | +5.7% |
| 2022 | +3.1% | −14.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.9% | −8.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.5% | −26.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.5% | −6.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.2% | −17.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +1.9% | −8.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.6% | −7.9% | +12.0% | +7.1% | +2.4% |
| 2015 | +6.9% | −9.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +17.4% | −7.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +33.5% | −6.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +5.5% | −6.0% | +16.0% | +18.1% | +3.8% |
| 2011 | +6.2% | −15.7% | +1.9% | +3.4% | +7.7% |
| 2010 | +29.9% | −7.4% | +15.1% | +19.9% | +6.4% |
| 2009 | +11.0% | −20.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −21.7% | −35.3% | −36.8% | −41.7% | +7.9% |
| 2007 | +6.2% | −9.6% | +5.1% | +19.0% | +6.6% |
| 2006 | +15.4% | −5.4% | +15.8% | +7.1% | +3.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PBJ largest drawdowns
Now 5.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 9, 2007 | −39.1% | Mar 9, 2009 | Oct 13, 2010 | 1.4 years | 3.0 years |
| Sep 5, 2019 | −28.5% | Mar 23, 2020 | Dec 1, 2020 | 7 months | 1.2 years |
| Jan 26, 2018 | −17.0% | Dec 24, 2018 | Jul 3, 2019 | 11 months | 1.4 years |
| Apr 20, 2022 | −15.8% | Oct 12, 2023 | Mar 13, 2024 | 1.5 years | 1.9 years |
| Jul 21, 2011 | −15.7% | Oct 3, 2011 | Jul 3, 2012 | 2 months | 11 months |
| Jul 23, 2025 | −12.5% | Nov 6, 2025 | Feb 3, 2026 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PBJ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +3.4% | +2.8% | +4.6% | +6.8% |
| Volatility (annualized) | 13.0% | 13.7% | 13.6% | 13.1% |
| Sharpe ratio | -0.02 | 0.01 | 0.23 | — |
| Sortino ratio | -0.03 | 0.01 | 0.34 | — |
| Best month | +7.0% | +11.6% | +11.6% | +11.6% |
| Worst month | −5.8% | −7.7% | −10.0% | −12.4% |
| Best 12 months | +15.5% | +17.2% | +45.1% | +45.1% |
| Worst 12 months | −5.3% | −9.9% | −14.7% | −28.0% |
| Positive months | 47% | 50% | 52% | 57% |
| Beta vs S&P 500 | 0.42 | 0.49 | 0.58 | — |
| Correlation with S&P 500 | 0.40 | 0.56 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PBJ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 245 | −28.0% | +6.2% | +45.1% | 78% |
| 3-year (a year) | 221 | −6.8% | +7.2% | +21.3% | 86% |
| 5-year (a year) | 197 | −1.7% | +7.8% | +20.2% | 99% |
| 10-year (a year) | 137 | +4.0% | +8.8% | +12.6% | 100% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
PBJ performance overview
Invesco Dynamic Food & Beverage ETF (PBJ) returned +7.4% over the past year and +5.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +7.1% a year, turning $10,000 into about $43,524. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.1%, from Oct 9, 2007 to Mar 9, 2009, and it took 1.6 years to get back to the old high. PBJ finished 17 of its 20 full calendar years with a gain; the best year was 2013 (+33.5%) and the worst 2008 (−21.7%). Volatility has been 13.1% a year.
Related: PBJ chart, PBJ holdings, PBJ dividends, PBJ valuation. See the PBJ overview for the latest quote and fund facts.
PBJ performance FAQ
What is the PBJ return over the past year?
PBJ returned +7.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.1%.
What is the average annual return of PBJ?
PBJ has returned +3.8% a year over 5 years, +5.4% a year over 10 years, +7.1% a year since June 23, 2005 (total return, distributions reinvested).
How much would $10,000 invested in PBJ be worth?
$10,000 invested in PBJ at its first recorded close on June 23, 2005 would be worth about $43,524 on October 23, 2026 with distributions reinvested.
What was the worst year for PBJ?
The worst calendar year was 2008, with a total return of −21.7%. The best was 2013 at +33.5%.
What is the biggest drawdown of PBJ?
The largest peak-to-trough decline was −39.1% between October 9, 2007 and March 9, 2009. It recovered to the old high on October 13, 2010, 1.6 years after the bottom.
How volatile is PBJ?
Over the past 3 years PBJ had an annualized volatility of 13.0% and a Sharpe ratio of -0.02 (excess return over 1–3 month T-bills per unit of risk).