NESR vs. PPA
Compare and contrast key facts about National Energy Services Reunited Corp. (NESR) 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: NESR or PPA.
Correlation
The correlation between NESR and PPA is 0.31, 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
NESR vs. PPA - Performance Comparison
Key characteristics
NESR:
0.67
PPA:
1.68
NESR:
1.27
PPA:
2.33
NESR:
1.17
PPA:
1.30
NESR:
0.52
PPA:
2.98
NESR:
2.96
PPA:
8.54
NESR:
9.35%
PPA:
2.96%
NESR:
40.97%
PPA:
15.11%
NESR:
-83.12%
PPA:
-57.37%
NESR:
-39.81%
PPA:
-4.90%
Returns By Period
In the year-to-date period, NESR achieves a 5.47% return, which is significantly higher than PPA's 2.92% return.
NESR
5.47%
1.72%
12.50%
21.94%
3.07%
N/A
PPA
2.92%
-1.20%
7.43%
24.59%
11.07%
13.32%
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Risk-Adjusted Performance
NESR vs. PPA — Risk-Adjusted Performance Rank
NESR
PPA
NESR vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for National Energy Services Reunited Corp. (NESR) 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
NESR vs. PPA - Dividend Comparison
NESR has not paid dividends to shareholders, while PPA's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NESR National Energy Services Reunited Corp. | 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 | 0.59% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% |
Drawdowns
NESR vs. PPA - Drawdown Comparison
The maximum NESR drawdown since its inception was -83.12%, which is greater than PPA's maximum drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for NESR and PPA. For additional features, visit the drawdowns tool.
Volatility
NESR vs. PPA - Volatility Comparison
National Energy Services Reunited Corp. (NESR) has a higher volatility of 7.54% compared to Invesco Aerospace & Defense ETF (PPA) at 4.76%. This indicates that NESR'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.