PPA vs. BAH
Compare and contrast key facts about Invesco Aerospace & Defense ETF (PPA) and Booz Allen Hamilton Holding Corporation (BAH).
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
PPA vs. BAH - Performance Comparison
Loading graphics...
PPA vs. BAH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPA Invesco Aerospace & Defense ETF | 5.82% | 37.15% | 25.28% | 18.41% | 9.52% | 7.09% | 0.45% | 39.63% | -7.51% | 30.10% |
BAH Booz Allen Hamilton Holding Corporation | -6.80% | -33.02% | 2.00% | 24.47% | 25.71% | -1.04% | 24.46% | 60.16% | 20.21% | 7.77% |
Returns By Period
In the year-to-date period, PPA achieves a 5.82% return, which is significantly higher than BAH's -6.80% return. Over the past 10 years, PPA has outperformed BAH with an annualized return of 17.70%, while BAH has yielded a comparatively lower 11.80% annualized return.
PPA
- 1D
- 3.49%
- 1M
- -8.46%
- YTD
- 5.82%
- 6M
- 6.62%
- 1Y
- 42.80%
- 3Y*
- 27.91%
- 5Y*
- 18.59%
- 10Y*
- 17.70%
BAH
- 1D
- -1.17%
- 1M
- -1.01%
- YTD
- -6.80%
- 6M
- -20.82%
- 1Y
- -23.53%
- 3Y*
- -3.83%
- 5Y*
- 0.93%
- 10Y*
- 11.80%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PPA vs. BAH — Risk / Return Rank
PPA
BAH
PPA vs. BAH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and Booz Allen Hamilton Holding Corporation (BAH). 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.
| PPA | BAH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | -0.59 | +2.58 |
Sortino ratioReturn per unit of downside risk | 2.68 | -0.58 | +3.26 |
Omega ratioGain probability vs. loss probability | 1.37 | 0.92 | +0.46 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | -0.58 | +3.69 |
Martin ratioReturn relative to average drawdown | 12.51 | -0.95 | +13.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PPA | BAH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | -0.59 | +2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.03 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.42 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.58 | +0.08 |
Correlation
The correlation between PPA and BAH is 0.50, 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
PPA vs. BAH - Dividend Comparison
PPA's dividend yield for the trailing twelve months is around 0.40%, less than BAH's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPA Invesco Aerospace & Defense ETF | 0.40% | 0.42% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% |
BAH Booz Allen Hamilton Holding Corporation | 2.87% | 2.61% | 1.59% | 1.47% | 1.65% | 1.75% | 1.42% | 1.35% | 1.69% | 1.78% | 1.66% | 1.69% |
Drawdowns
PPA vs. BAH - Drawdown Comparison
The maximum PPA drawdown since its inception was -57.37%, roughly equal to the maximum BAH drawdown of -58.75%. Use the drawdown chart below to compare losses from any high point for PPA and BAH.
Loading graphics...
Drawdown Indicators
| PPA | BAH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.37% | -58.75% | +1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -41.32% | +27.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -58.75% | +40.38% |
Max Drawdown (10Y)Largest decline over 10 years | -43.92% | -58.75% | +14.83% |
Current DrawdownCurrent decline from peak | -10.69% | -56.66% | +45.97% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -10.16% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 25.21% | -21.80% |
Volatility
PPA vs. BAH - Volatility Comparison
The current volatility for Invesco Aerospace & Defense ETF (PPA) is 7.16%, while Booz Allen Hamilton Holding Corporation (BAH) has a volatility of 9.46%. This indicates that PPA experiences smaller price fluctuations and is considered to be less risky than BAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PPA | BAH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 9.46% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 15.07% | 31.63% | -16.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 39.94% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 30.40% | -12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 28.38% | -7.90% |