PPA vs. SCHD
Compare and contrast key facts about Invesco Aerospace & Defense ETF (PPA) and Schwab US Dividend Equity ETF (SCHD).
PPA and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both PPA and SCHD 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 SCHD.
Performance
PPA vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, PPA achieves a 29.04% return, which is significantly higher than SCHD's 16.26% return. Over the past 10 years, PPA has outperformed SCHD with an annualized return of 14.33%, while SCHD has yielded a comparatively lower 11.40% annualized return.
PPA
29.04%
-1.07%
12.51%
37.38%
12.35%
14.33%
SCHD
16.26%
0.84%
10.89%
25.41%
12.67%
11.40%
Key characteristics
| PPA | SCHD | |
|---|---|---|
| Sharpe Ratio | 2.63 | 2.27 |
| Sortino Ratio | 3.51 | 3.27 |
| Omega Ratio | 1.48 | 1.40 |
| Calmar Ratio | 6.28 | 3.34 |
| Martin Ratio | 20.61 | 12.25 |
| Ulcer Index | 1.81% | 2.05% |
| Daily Std Dev | 14.13% | 11.06% |
| Max Drawdown | -57.37% | -33.37% |
| Current Drawdown | -4.83% | -1.54% |
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PPA vs. SCHD - Expense Ratio Comparison
PPA has a 0.61% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between PPA and SCHD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PPA vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
PPA's dividend yield for the trailing twelve months is around 0.55%, less than SCHD's 3.40% 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% |
SCHD Schwab US Dividend Equity ETF | 3.40% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PPA vs. SCHD - Drawdown Comparison
The maximum PPA drawdown since its inception was -57.37%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PPA and SCHD. For additional features, visit the drawdowns tool.
Volatility
PPA vs. SCHD - Volatility Comparison
Invesco Aerospace & Defense ETF (PPA) has a higher volatility of 6.64% compared to Schwab US Dividend Equity ETF (SCHD) at 3.39%. This indicates that PPA's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.