PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Invesco Aerospace & Defense ETF (PPA)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US73935X6904

CUSIP

46137V100

Issuer

Invesco

Inception Date

Oct 26, 2005

Region

North America (U.S.)

Leveraged

1x

Index Tracked

SPADE Defense Index

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

PPA features an expense ratio of 0.61%, falling within the medium range.


Expense ratio chart for PPA: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
PPA vs. ITA PPA vs. XAR PPA vs. DFEN PPA vs. SPY PPA vs. BOAT PPA vs. QQQ PPA vs. SCHD PPA vs. XLV PPA vs. VT PPA vs. SPLG
Popular comparisons:
PPA vs. ITA PPA vs. XAR PPA vs. DFEN PPA vs. SPY PPA vs. BOAT PPA vs. QQQ PPA vs. SCHD PPA vs. XLV PPA vs. VT PPA vs. SPLG

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Invesco Aerospace & Defense ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


300.00%400.00%500.00%600.00%700.00%800.00%900.00%JulyAugustSeptemberOctoberNovemberDecember
837.52%
397.81%
PPA (Invesco Aerospace & Defense ETF)
Benchmark (^GSPC)

Returns By Period

Invesco Aerospace & Defense ETF had a return of 26.56% year-to-date (YTD) and 28.06% in the last 12 months. Over the past 10 years, Invesco Aerospace & Defense ETF had an annualized return of 13.80%, outperforming the S&P 500 benchmark which had an annualized return of 11.06%.


PPA

YTD

26.56%

1M

-1.92%

6M

12.09%

1Y

28.06%

5Y*

11.95%

10Y*

13.80%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of PPA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-1.23%7.50%3.91%-0.33%3.74%-2.06%6.50%3.75%1.41%-1.03%6.68%26.56%
20232.50%-0.02%0.40%-0.29%-3.00%8.59%1.01%-0.66%-5.72%2.07%7.98%5.09%18.41%
2022-2.64%9.82%1.51%-7.24%-0.66%-2.45%5.86%-3.57%-9.59%17.76%4.05%-0.74%9.51%
2021-4.81%4.01%8.45%3.18%1.83%-1.50%-0.37%-1.55%-2.33%1.93%-6.32%5.37%7.09%
20203.36%-10.13%-20.94%8.04%5.70%-2.55%-0.97%6.22%-4.17%-3.30%20.63%4.54%0.45%
201912.23%7.15%-2.40%6.88%-2.00%7.18%1.86%2.49%0.29%-0.53%3.09%-1.32%39.63%
20187.57%-0.35%-1.67%-2.08%2.25%-3.14%7.19%0.51%4.19%-11.44%1.38%-10.22%-7.51%
20170.34%5.64%-1.56%2.92%3.24%-0.54%4.16%3.64%4.01%2.36%2.51%0.15%30.10%
2016-6.54%1.26%4.89%3.09%1.51%1.67%3.37%0.62%0.23%-0.90%10.81%-1.36%19.26%
2015-1.47%7.84%-0.35%-2.83%1.51%-2.22%0.37%-3.98%-3.32%8.83%2.07%-1.60%4.01%
2014-0.06%5.22%-0.64%-1.04%1.51%-0.76%-3.63%4.93%-0.51%3.92%2.94%0.53%12.71%
20131.48%2.73%6.01%0.34%6.50%0.69%8.02%-1.44%5.00%4.18%5.30%3.09%50.33%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 82, PPA is among the top 18% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PPA is 8282
Overall Rank
The Sharpe Ratio Rank of PPA is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of PPA is 8080
Sortino Ratio Rank
The Omega Ratio Rank of PPA is 8080
Omega Ratio Rank
The Calmar Ratio Rank of PPA is 8888
Calmar Ratio Rank
The Martin Ratio Rank of PPA is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for PPA, currently valued at 2.03, compared to the broader market0.002.004.002.032.10
The chart of Sortino ratio for PPA, currently valued at 2.72, compared to the broader market-2.000.002.004.006.008.0010.002.722.80
The chart of Omega ratio for PPA, currently valued at 1.37, compared to the broader market0.501.001.502.002.503.001.371.39
The chart of Calmar ratio for PPA, currently valued at 3.50, compared to the broader market0.005.0010.0015.003.503.09
The chart of Martin ratio for PPA, currently valued at 13.06, compared to the broader market0.0020.0040.0060.0080.00100.0013.0613.49
PPA
^GSPC

The current Invesco Aerospace & Defense ETF Sharpe ratio is 2.03. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco Aerospace & Defense ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.03
2.10
PPA (Invesco Aerospace & Defense ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco Aerospace & Defense ETF provided a 0.33% dividend yield over the last twelve months, with an annual payout of $0.39 per share.


0.60%0.80%1.00%1.20%1.40%1.60%$0.00$0.20$0.40$0.60$0.8020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.39$0.62$0.65$0.43$0.60$0.65$0.44$0.36$0.71$0.50$0.22$0.39

Dividend yield

0.33%0.67%0.83%0.59%0.88%0.95%0.90%0.67%1.70%1.41%0.62%1.26%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco Aerospace & Defense ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.11$0.00$0.00$0.14$0.00$0.00$0.13$0.00$0.00$0.00$0.39
2023$0.00$0.00$0.11$0.00$0.00$0.13$0.00$0.00$0.12$0.00$0.00$0.27$0.62
2022$0.00$0.00$0.09$0.00$0.00$0.30$0.00$0.00$0.18$0.00$0.00$0.08$0.65
2021$0.00$0.00$0.13$0.00$0.00$0.11$0.00$0.00$0.09$0.00$0.00$0.09$0.43
2020$0.00$0.00$0.29$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.09$0.60
2019$0.00$0.00$0.07$0.00$0.00$0.14$0.00$0.00$0.30$0.00$0.00$0.14$0.65
2018$0.00$0.00$0.04$0.00$0.00$0.15$0.00$0.00$0.13$0.00$0.00$0.13$0.44
2017$0.00$0.00$0.00$0.00$0.00$0.11$0.00$0.00$0.25$0.00$0.00$0.00$0.36
2016$0.00$0.00$0.06$0.00$0.00$0.14$0.00$0.00$0.26$0.00$0.00$0.26$0.71
2015$0.00$0.00$0.06$0.00$0.00$0.11$0.00$0.00$0.07$0.00$0.00$0.27$0.50
2014$0.00$0.00$0.00$0.00$0.00$0.06$0.00$0.00$0.10$0.00$0.00$0.05$0.22
2013$0.14$0.00$0.00$0.17$0.00$0.00$0.08$0.39

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.66%
-2.62%
PPA (Invesco Aerospace & Defense ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco Aerospace & Defense ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Aerospace & Defense ETF was 57.37%, occurring on Mar 9, 2009. Recovery took 1010 trading sessions.

The current Invesco Aerospace & Defense ETF drawdown is 6.66%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-57.37%Oct 10, 2007355Mar 9, 20091010Mar 13, 20131365
-43.92%Feb 13, 202027Mar 23, 2020259Apr 1, 2021286
-24.75%Oct 4, 201856Dec 24, 201886Apr 30, 2019142
-18.38%Mar 28, 2022130Sep 30, 202229Nov 10, 2022159
-15.26%Feb 25, 2015244Feb 11, 201652Apr 27, 2016296

Volatility

Volatility Chart

The current Invesco Aerospace & Defense ETF volatility is 5.17%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
5.17%
3.79%
PPA (Invesco Aerospace & Defense ETF)
Benchmark (^GSPC)
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab