PBJ vs VOO
Invesco Food and Beverage ETF vs Vanguard S&P 500 ETF
Which is better, PBJ or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 46.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PBJ | VOO |
|---|---|---|
| Expense Ratio | 0.61% | 0.03%Best |
| AUM | $94M | $997.4B |
| Dividend Yield | 1.26% | 1.08% |
| Holdings | 32 | 509 |
| YTD Return | +8.30% | +13.81%Best |
| 1Y Return | +2.86% | +21.53%Best |
| 3Y Return (annualized) | +4.79% | +21.46%Best |
| 5Y Return (annualized) | +3.90% | +12.87%Best |
| Volatility (annualized) | 12.7%Best | 14.1% |
| Max Drawdown | -29.3%Best | -34.3% |
| $10,000 over 5 years | $12,108 | $18,319Best |
| Top 10 Weight | 46.7% | 36.4%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 23, 2005 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 3, 2026 (16 years).
PBJ vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
PBJ vs VOO Performance
Invesco Food and Beverage ETF (PBJ) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PBJ returned +2.86% while VOO returned +21.53%. Year to date, PBJ is up 8.30% versus a gain of 13.81% for VOO.
Over three years, PBJ compounded at +4.79% per year against +21.46% for VOO; over five years the annualized figures are +3.90% and +12.87% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +7.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.7% for PBJ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.3% for PBJ and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PBJ charges 0.61% per year while VOO charges 0.03%. On a $10,000 position that is $61 vs $3 annually, a gap of $58 per year that compounds over a long holding period. On income, PBJ currently yields 1.26% against 1.08% for VOO.
Holdings Overlap
45.0% of PBJ's money is in holdings VOO also owns. 1.4% of VOO's money is in holdings PBJ also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 31 positions we hold weights for in PBJ and 505 in VOO, against full books of 32 and 509.
What only one of them owns
Our book lists 487 positions for VOO that do not appear in our book for PBJ (98.1% of the fund), and 18 for PBJ that do not appear in VOO (47.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PBJ | Weight in VOO | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 5.41% | 0.49% | 4.92% |
| MNSTMonster Beverage Corp. | 5.41% | 0.11% | 5.30% |
| SBUXStarbucks Corp | 5.20% | 0.18% | 5.02% |
| ADMArcher-Daniels-Midland Co. | 5.14% | 0.06% | 5.08% |
| PEPPepsico Inc. | 4.80% | 0.29% | 4.51% |
| CTVACorteva Inc Ctva | 4.97% | 0.09% | 4.88% |
| HSYHershey Co. | 4.71% | 0.04% | 4.67% |
| KRKroger Co. | 4.50% | 0.05% | 4.45% |
| TSNTyson Foods Inc. Class A | 2.47% | 0.03% | 2.44% |
| BGBunge Global Sa Common Shares | 2.43% | 0.02% | 2.41% |
45.0% of PBJ is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PBJ or VOO?
PBJ has an expense ratio of 0.61% while VOO charges 0.03%. VOO is the cheaper option, by $58 a year on a $10,000 investment.
Which performed better, PBJ or VOO?
Over the past year PBJ returned +2.86% vs +21.53% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PBJ annualized +7.62% vs +13.51% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBJ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.7% for PBJ. Worst drawdown: PBJ -29.3% vs VOO -34.3%.
Should I hold both PBJ and VOO?
PBJ and VOO have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PBJ and VOO?
45.0% of PBJ's money is in holdings VOO also owns. 1.4% of VOO's is in holdings PBJ also owns. They hold 10 positions in common, counted across the 31 positions we hold weights for in PBJ and 505 in VOO.
Which pays a higher dividend, PBJ or VOO?
PBJ yields 1.26% while VOO yields 1.08%, so PBJ currently pays the higher dividend yield.
Is VOO better than PBJ?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.