5 Best Consumer Staples ETFs

In this article, we discuss the 5 best consumer staples ETFs to invest in. If you want to go through our detailed introduction to the consumer staples industry alongside some more ETFs, go directly to the 10 Best Consumer Staples ETFs.

5. Invesco Dynamic Food & Beverage ETF (NYSE:PBJ)

5-Year Performance as of August 14: 33.97%

The Invesco Dynamic Food & Beverage ETF (NYSE:PBJ) is based on the Dynamic Food & Beverage Intellidex℠ Index. The primary objective of the Index is to achieve capital appreciation through a comprehensive assessment of companies using diverse investment merit factors. These factors encompass price momentum, earnings momentum, quality, management action, and value. The Index consists of securities from 30 US-based food and beverage companies that are primarily involved in the production, sale, or distribution of food and beverage products, agricultural goods, and items related to innovative food technology development.

The Kroger Co. (NYSE:KR), an Ohio-based retail company that is primarily focused on the sale of groceries and related products, is a significant holding of Invesco Dynamic Food & Beverage ETF (NYSE:PBJ). On June 15, the company released its earnings report for the first quarter of 2023. During this quarter, it experienced a 1.3% increase in revenue compared to the same period last year, reaching a total of $45.1 billion. Year-to-date, the company’s operating cash flow expanded to $2.8 billion, displaying growth from the previous year’s figure of $1.1 billion.