DEF vs. PPA
Compare and contrast key facts about Invesco Defensive Equity ETF (DEF) and Invesco Aerospace & Defense ETF (PPA).
DEF and PPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEF is a passively managed fund by Invesco that tracks the performance of the Invesco Defensive Equity Index. It was launched on Dec 15, 2006. PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005. Both DEF and PPA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DEF or PPA.
Performance
DEF vs. PPA - Performance Comparison
Returns By Period
DEF
N/A
N/A
N/A
N/A
N/A
N/A
PPA
30.20%
1.92%
15.04%
38.04%
12.54%
14.37%
Key characteristics
| DEF | PPA |
|---|
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DEF vs. PPA - Expense Ratio Comparison
DEF has a 0.53% expense ratio, which is lower than PPA's 0.61% expense ratio.
Correlation
The correlation between DEF and PPA is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DEF vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) 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.
Dividends
DEF vs. PPA - Dividend Comparison
DEF has not paid dividends to shareholders, while PPA's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEF Invesco Defensive Equity ETF | 1.59% | 1.60% | 1.48% | 1.06% | 1.34% | 1.16% | 1.39% | 0.16% | 0.34% | 0.31% | 2.55% | 2.30% |
PPA Invesco Aerospace & Defense ETF | 0.55% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% | 1.26% |
Drawdowns
DEF vs. PPA - Drawdown Comparison
Volatility
DEF vs. PPA - Volatility Comparison
The current volatility for Invesco Defensive Equity ETF (DEF) is 0.00%, while Invesco Aerospace & Defense ETF (PPA) has a volatility of 6.69%. This indicates that DEF experiences smaller price fluctuations and is considered to be less risky than PPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.