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PPA vs. BOAT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PPA and BOAT is 0.44, 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.


Performance

PPA vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Aerospace & Defense ETF (PPA) and SonicShares Global Shipping ETF (BOAT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PPA:

1.15

BOAT:

-0.31

Sortino Ratio

PPA:

1.66

BOAT:

-0.34

Omega Ratio

PPA:

1.23

BOAT:

0.96

Calmar Ratio

PPA:

1.56

BOAT:

-0.29

Martin Ratio

PPA:

5.52

BOAT:

-0.60

Ulcer Index

PPA:

4.32%

BOAT:

16.46%

Daily Std Dev

PPA:

20.90%

BOAT:

27.16%

Max Drawdown

PPA:

-57.37%

BOAT:

-33.94%

Current Drawdown

PPA:

-1.81%

BOAT:

-13.74%

Returns By Period

In the year-to-date period, PPA achieves a 13.35% return, which is significantly higher than BOAT's 6.46% return.


PPA

YTD

13.35%

1M

14.63%

6M

9.07%

1Y

23.81%

3Y*

23.96%

5Y*

20.38%

10Y*

14.57%

BOAT

YTD

6.46%

1M

17.82%

6M

-0.24%

1Y

-8.24%

3Y*

5.19%

5Y*

N/A

10Y*

N/A

*Annualized

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Invesco Aerospace & Defense ETF

SonicShares Global Shipping ETF

PPA vs. BOAT - Expense Ratio Comparison

PPA has a 0.61% expense ratio, which is lower than BOAT's 0.69% expense ratio.


Risk-Adjusted Performance

PPA vs. BOAT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPA
The Risk-Adjusted Performance Rank of PPA is 8787
Overall Rank
The Sharpe Ratio Rank of PPA is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of PPA is 8686
Sortino Ratio Rank
The Omega Ratio Rank of PPA is 8686
Omega Ratio Rank
The Calmar Ratio Rank of PPA is 9090
Calmar Ratio Rank
The Martin Ratio Rank of PPA is 8686
Martin Ratio Rank

BOAT
The Risk-Adjusted Performance Rank of BOAT is 88
Overall Rank
The Sharpe Ratio Rank of BOAT is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of BOAT is 77
Sortino Ratio Rank
The Omega Ratio Rank of BOAT is 77
Omega Ratio Rank
The Calmar Ratio Rank of BOAT is 66
Calmar Ratio Rank
The Martin Ratio Rank of BOAT is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PPA vs. BOAT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and SonicShares Global Shipping ETF (BOAT). 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.


The current PPA Sharpe Ratio is 1.15, which is higher than the BOAT Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of PPA and BOAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

PPA vs. BOAT - Dividend Comparison

PPA's dividend yield for the trailing twelve months is around 0.49%, less than BOAT's 13.60% yield.


TTM20242023202220212020201920182017201620152014
PPA
Invesco Aerospace & Defense ETF
0.49%0.61%0.67%0.83%0.59%0.88%0.95%0.90%0.67%1.70%1.41%0.62%
BOAT
SonicShares Global Shipping ETF
13.60%13.89%13.65%13.57%1.36%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PPA vs. BOAT - Drawdown Comparison

The maximum PPA drawdown since its inception was -57.37%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PPA and BOAT. For additional features, visit the drawdowns tool.


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Volatility

PPA vs. BOAT - Volatility Comparison

The current volatility for Invesco Aerospace & Defense ETF (PPA) is 4.12%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.62%. This indicates that PPA experiences smaller price fluctuations and is considered to be less risky than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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