ESLT vs. PPA
Compare and contrast key facts about Elbit Systems Ltd (ESLT) and Invesco Aerospace & Defense ETF (PPA).
PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESLT or PPA.
Correlation
The correlation between ESLT and PPA is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ESLT vs. PPA - Performance Comparison
Key characteristics
ESLT:
1.97
PPA:
1.53
ESLT:
2.95
PPA:
2.14
ESLT:
1.35
PPA:
1.27
ESLT:
1.82
PPA:
2.71
ESLT:
4.46
PPA:
7.67
ESLT:
10.73%
PPA:
3.00%
ESLT:
24.27%
PPA:
15.12%
ESLT:
-53.77%
PPA:
-57.37%
ESLT:
-3.71%
PPA:
-6.10%
Returns By Period
In the year-to-date period, ESLT achieves a 16.36% return, which is significantly higher than PPA's 1.62% return. Over the past 10 years, ESLT has outperformed PPA with an annualized return of 18.16%, while PPA has yielded a comparatively lower 13.20% annualized return.
ESLT
16.36%
-2.40%
52.31%
47.01%
14.97%
18.16%
PPA
1.62%
-5.27%
5.52%
22.88%
10.82%
13.20%
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Risk-Adjusted Performance
ESLT vs. PPA — Risk-Adjusted Performance Rank
ESLT
PPA
ESLT vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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
ESLT vs. PPA - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.67%, more than PPA's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.67% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% | 2.07% |
PPA Invesco Aerospace & Defense ETF | 0.60% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% |
Drawdowns
ESLT vs. PPA - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.77%, smaller than the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for ESLT and PPA. For additional features, visit the drawdowns tool.
Volatility
ESLT vs. PPA - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 5.38% compared to Invesco Aerospace & Defense ETF (PPA) at 3.57%. This indicates that ESLT'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.