PPA vs. BOAT
Compare and contrast key facts about Invesco Aerospace & Defense ETF (PPA) and SonicShares Global Shipping ETF (BOAT).
PPA and BOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005. BOAT is a passively managed fund by Toroso Investments that tracks the performance of the Solactive Global Shipping Index - Benchmark TR Net. It was launched on Aug 3, 2021. Both PPA and BOAT 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: PPA or BOAT.
Performance
PPA vs. BOAT - Performance Comparison
Returns By Period
In the year-to-date period, PPA achieves a 29.04% return, which is significantly higher than BOAT's 14.48% return.
PPA
29.04%
-1.07%
12.51%
37.38%
12.35%
14.33%
BOAT
14.48%
-3.10%
-6.88%
24.02%
N/A
N/A
Key characteristics
| PPA | BOAT | |
|---|---|---|
| Sharpe Ratio | 2.63 | 1.05 |
| Sortino Ratio | 3.51 | 1.51 |
| Omega Ratio | 1.48 | 1.19 |
| Calmar Ratio | 6.28 | 1.38 |
| Martin Ratio | 20.61 | 3.06 |
| Ulcer Index | 1.81% | 8.02% |
| Daily Std Dev | 14.13% | 23.32% |
| Max Drawdown | -57.37% | -31.09% |
| Current Drawdown | -4.83% | -12.46% |
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PPA vs. BOAT - Expense Ratio Comparison
PPA has a 0.61% expense ratio, which is lower than BOAT's 0.69% expense ratio.
Correlation
The correlation between PPA and BOAT is 0.40, 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.
Risk-Adjusted Performance
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.
Dividends
PPA vs. BOAT - Dividend Comparison
PPA's dividend yield for the trailing twelve months is around 0.55%, less than BOAT's 6.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BOAT SonicShares Global Shipping ETF | 6.73% | 13.65% | 13.57% | 1.36% | 0.00% | 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 -31.09%. Use the drawdown chart below to compare losses from any high point for PPA and BOAT. For additional features, visit the drawdowns tool.
Volatility
PPA vs. BOAT - Volatility Comparison
The current volatility for Invesco Aerospace & Defense ETF (PPA) is 6.64%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.17%. 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.