4MMR.DE vs. PPA
Compare and contrast key facts about Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Invesco Aerospace & Defense ETF (PPA).
4MMR.DE and PPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 4MMR.DE is managed by Global X. PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005.
Performance
4MMR.DE vs. PPA - Performance Comparison
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4MMR.DE vs. PPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 14.51% | 58.75% | 13.11% |
PPA Invesco Aerospace & Defense ETF | 10.02% | 20.87% | 10.91% |
Different Trading Currencies
4MMR.DE is traded in EUR, while PPA is traded in USD. To make them comparable, the PPA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4MMR.DE achieves a 14.51% return, which is significantly higher than PPA's 10.02% return.
4MMR.DE
- 1D
- 4.32%
- 1M
- -2.93%
- YTD
- 14.51%
- 6M
- 7.98%
- 1Y
- 47.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPA
- 1D
- 2.28%
- 1M
- -7.60%
- YTD
- 10.02%
- 6M
- 10.52%
- 1Y
- 35.55%
- 3Y*
- 26.17%
- 5Y*
- 19.58%
- 10Y*
- 17.80%
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4MMR.DE vs. PPA - Expense Ratio Comparison
Return for Risk
4MMR.DE vs. PPA — Risk / Return Rank
4MMR.DE
PPA
4MMR.DE vs. PPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Invesco Aerospace & Defense ETF (PPA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 4MMR.DE | PPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 1.54 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.70 | 2.12 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.68 | 2.93 | +0.75 |
Martin ratioReturn relative to average drawdown | 9.83 | 9.46 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4MMR.DE | PPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.54 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.38 | 0.64 | +1.74 |
Correlation
The correlation between 4MMR.DE and PPA is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
4MMR.DE vs. PPA - Dividend Comparison
4MMR.DE has not paid dividends to shareholders, while PPA's dividend yield for the trailing twelve months is around 0.39%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PPA Invesco Aerospace & Defense ETF | 0.39% | 0.42% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% |
Drawdowns
4MMR.DE vs. PPA - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -13.28%, smaller than the maximum PPA drawdown of -52.29%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and PPA.
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Drawdown Indicators
| 4MMR.DE | PPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.28% | -57.37% | +44.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -13.71% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.92% | — |
Current DrawdownCurrent decline from peak | -5.28% | -8.56% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -9.19% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 3.45% | +1.53% |
Volatility
4MMR.DE vs. PPA - Volatility Comparison
Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) has a higher volatility of 7.80% compared to Invesco Aerospace & Defense ETF (PPA) at 6.76%. This indicates that 4MMR.DE's price experiences larger fluctuations and is considered to be riskier than PPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4MMR.DE | PPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 6.76% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.91% | 15.29% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 23.25% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 18.56% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 21.08% | +3.76% |