ETF Evaluator:
Portfolio Building Block Wld Co Stp ETF (PBCS)
Follow This ETF
(as of Sep 25)
Best Performing in Consumer Defensive Over the Last Year
| 6.4% | Global X PureCap MSCI Cons Stap ETF (GXPS) |
| 6.1% | iShares US Consumer Staples ETF (IYK) |
| 5.6% | State Street®CnsmrStpSelSectSPDR®ETF (XLP) |
| 4.3% | Fidelity MSCI Consumer Staples ETF (FSTA) |
| 4.3% | Vanguard Consumer Staples ETF (VDC) |
Risk
Index
Risk
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ETF Details
Portfolio Building Block Wld Co Stp ETF Overview
Portfolio Building Block Wld Co Stp ETF (PBCS) is a passively managed Sector Equity Consumer Defensive exchange-traded fund (ETF). Tidal Investments LLC launched the ETF in 2026.
The investment seeks to track the performance, before fees and expenses, of the BITA Global Consumer Staples Select index.
Under normal circumstances, the fund will invest at least 80% of the fund’s net assets (plus borrowings for investment purposes) in component securities that make up the index. The fund is non-diversified.
About Portfolio Building Block Wld Co Stp ETF (PBCS)
There are 2 members of the management team with an average tenure of 0.02 years: Andrew (Andy) Hicks (2026) and Qiao Duan (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: BITA Global Consumer Staples Slct TR USD index with a weighting of 100%. Portfolio Building Block Wld Co Stp ETF has 69 securities in its portfolio. The top 10 holdings constitute 59.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Portfolio Building Block Wld Co Stp ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Portfolio Building Block Wld Co Stp ETF has 31.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 68.5% There is 31.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Portfolio Building Block Wld Co Stp ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $973 million in total assets, which is below the $1 billion average for the Consumer Defensive category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PBCS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Portfolio Building Block Wld Co Stp ETF expense ratio is low compared to funds in the Consumer Defensive category. Portfolio Building Block Wld Co Stp ETF has an expense ratio of 0.14%, which is 57% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Portfolio Building Block Wld Co Stp ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 34% for the Consumer Defensive category.
Recently, in the month of September 2026, Portfolio Building Block Wld Co Stp ETF returned 0.0%, which earned it a grade of NA, as the Consumer Defensive category had an average return of -6.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Portfolio Building Block Wld Co Stp ETF has a trailing yield of 0.00%, which is below the 2.14% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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PBCS Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PBCS Return (NAV) | na | na | na | na | na | na |
| PBCS Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Consumer Defensive Avg | -6.1% | -3.9% | 2.1% | 4.9% | 3.8% | 5.9% |
| PBCS Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| PBCS Tax-Cost Ratio | na | na | na | na | na | na |
PBCS Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PBCS Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| PBCS Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Consumer Defensive Avg | 3.9% | -1.1% | 6.0% | 2.1% | -0.5% | 17.6% | 11.4% | 23.0% | -8.9% | 12.0% | 6.4% |
| PBCS Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.14% |
| Index Fund: | Yes |
| Index Tracked: | BITA Global Consumer Staples Slct TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Hicks Andrew (Andy) (2026), Duan Qiao (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 69 |
| % in Top 10 Holdings: | 59.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 31.3% |
Portfolio Allocation |
|
| Domestic Stock: | 68.5% |
| Foreign Stock: | 31.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tidal Investments LLC |
| Phone Number: | 877-955-2433 |
| Website: | |
| Inception Date: | September 24, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.14% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.33% |
