5 Best Defensive ETFs To Buy For Plunging Markets

Page 1 of 5

In this article, we discuss 5 best defensive ETFs to buy. If you want to read our discussion on the consumer defensive industry, head directly to 14 Best Defensive ETFs To Buy For Plunging Markets

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

5-Year Share Price Performance as of March 25: 47.11%

Invesco Food & Beverage ETF (NYSE:PBJ) ranks 4th on our list of the best defensive ETFs. Invesco Food & Beverage ETF (NYSE:PBJ) is linked to the Dynamic Food & Beverage Intellidex Index, investing at least 90% of its assets in the index’s securities. It comprises 30 US food and beverage companies engaged in manufacturing, selling, or distributing food and beverage products, agricultural products, and new food technology-related items. As of March 22, 2024, the fund offers an expense ratio of 0.57%. The ETF was launched on June 23, 2005. 

DoorDash, Inc. (NASDAQ:DASH) is the largest holding of Invesco Food & Beverage ETF (NYSE:PBJ). On February 15, DoorDash, Inc. (NASDAQ:DASH) reported a Q4 GAAP EPS of -$0.39, missing market consensus by $0.25, and a revenue of $2.3 billion, topping Street estimates by $50 million. 

According to Insider Monkey’s fourth quarter database, 64 hedge funds were long DoorDash, Inc. (NASDAQ:DASH), compared to 57 funds in the last quarter. 

Follow Doordash Inc. (NYSE:DASH)

Page 1 of 5