Which Invesco Defensive ETF is the Better Buy?

Core Insights - The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and the Invesco Food & Beverage ETF (PBJ) focus on defensive market segments but employ different strategies for selection and management [1] Cost & Size - RSPS has a lower expense ratio of 0.40% compared to PBJ's 0.61% - RSPS offers a higher dividend yield of 2.63% versus PBJ's 1.7% - RSPS has assets under management (AUM) of $250 million, while PBJ has $100 million [2][3] Performance & Risk Comparison - RSPS has a maximum drawdown of 18.60% over five years, while PBJ's is 15.84% - An investment of $1,000 in RSPS would grow to $1,073 over five years, compared to $1,293 for PBJ [4] Portfolio Composition - PBJ consists of 32 companies, with 37% in packaged foods and meats and 18% in soft drinks; major holdings include Hershey, Sysco Corp, and PepsiCo, each around 5% [5] - RSPS is focused solely on consumer defensive stocks from the S&P 500, equally weighting 38 holdings such as Bunge Global, Colgate-Palmolive, and Hershey, ensuring no single stock exceeds 3% of the portfolio [6][7] Investment Implications - RSPS provides broader exposure by including food and beverage stocks along with other consumer staples, household products, tobacco, and personal care stocks, resulting in greater diversification [7] - PBJ's portfolio is more concentrated with 32 stocks and employs a selection process based on price momentum, earnings momentum, quality, management action, and value, including small- and mid-cap stocks [8]