Invesco Aerospace & Defense ETF (PPA)
PPA is a passive ETF by Invesco tracking the investment results of the SPADE Defense Index. PPA launched on Oct 26, 2005 and has a 0.61% expense ratio.
ETF Info
US73935X6904
46137V100
Oct 26, 2005
North America (U.S.)
1x
SPADE Defense Index
Multi-Cap
Blend
Expense Ratio
PPA has an expense ratio of 0.61%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Invesco Aerospace & Defense ETF (PPA) returned 13.90% year-to-date (YTD) and 25.28% over the past 12 months. Over the past 10 years, PPA delivered an annualized return of 14.64%, outperforming the S&P 500 benchmark at 10.79%.
PPA
13.90%
12.17%
10.47%
25.28%
22.33%
14.64%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.11% | -3.22% | -0.10% | 4.48% | 7.27% | 13.90% | |||||||
| 2024 | -1.23% | 7.50% | 3.91% | -0.33% | 3.74% | -2.06% | 6.50% | 3.75% | 1.41% | -1.03% | 6.68% | -5.23% | 25.28% |
| 2023 | 2.50% | -0.02% | 0.40% | -0.29% | -3.00% | 8.59% | 1.01% | -0.66% | -5.72% | 2.07% | 7.98% | 5.10% | 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% |
| 2020 | 3.36% | -10.13% | -20.94% | 8.04% | 5.70% | -2.55% | -0.97% | 6.22% | -4.17% | -3.30% | 20.63% | 4.54% | 0.45% |
| 2019 | 12.23% | 7.15% | -2.40% | 6.88% | -2.00% | 7.18% | 1.86% | 2.49% | 0.29% | -0.53% | 3.09% | -1.32% | 39.63% |
| 2018 | 7.57% | -0.35% | -1.67% | -2.08% | 2.25% | -3.14% | 7.19% | 0.51% | 4.19% | -11.44% | 1.38% | -10.22% | -7.51% |
| 2017 | 0.34% | 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 88, PPA is among the top 12% 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.
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.
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Dividends
Dividend History
Invesco Aerospace & Defense ETF provided a 0.48% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.70 | $0.62 | $0.65 | $0.43 | $0.60 | $0.65 | $0.44 | $0.36 | $0.71 | $0.50 | $0.22 |
Dividend yield | 0.48% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | |||||||
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.31 | $0.70 |
| 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 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.05 | $0.22 |
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.
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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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.37% | Oct 10, 2007 | 355 | Mar 9, 2009 | 1010 | Mar 13, 2013 | 1365 |
| -43.92% | Feb 13, 2020 | 27 | Mar 23, 2020 | 259 | Apr 1, 2021 | 286 |
| -24.75% | Oct 4, 2018 | 56 | Dec 24, 2018 | 86 | Apr 30, 2019 | 142 |
| -18.38% | Mar 28, 2022 | 130 | Sep 30, 2022 | 29 | Nov 10, 2022 | 159 |
| -15.26% | Feb 25, 2015 | 244 | Feb 11, 2016 | 52 | Apr 27, 2016 | 296 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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