PPA vs. SHLD
Compare and contrast key facts about Invesco Aerospace & Defense ETF (PPA) and Global X Defense Tech ETF (SHLD).
PPA and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both PPA and SHLD 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 SHLD.
Correlation
The correlation between PPA and SHLD is 0.52, 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. SHLD - Performance Comparison
Key characteristics
PPA:
0.99
SHLD:
2.64
PPA:
1.47
SHLD:
3.55
PPA:
1.21
SHLD:
1.52
PPA:
1.34
SHLD:
5.18
PPA:
4.75
SHLD:
15.20
PPA:
4.30%
SHLD:
3.72%
PPA:
20.68%
SHLD:
21.39%
PPA:
-57.37%
SHLD:
-10.92%
PPA:
-4.47%
SHLD:
-0.95%
Returns By Period
In the year-to-date period, PPA achieves a 3.39% return, which is significantly lower than SHLD's 34.27% return.
PPA
3.39%
-2.02%
2.16%
19.50%
18.82%
13.67%
SHLD
34.27%
4.89%
31.25%
54.27%
N/A
N/A
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PPA vs. SHLD - Expense Ratio Comparison
PPA has a 0.61% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
PPA vs. SHLD — Risk-Adjusted Performance Rank
PPA
SHLD
PPA vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and Global X Defense Tech ETF (SHLD). 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. SHLD - Dividend Comparison
PPA's dividend yield for the trailing twelve months is around 0.53%, more than SHLD's 0.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPA Invesco Aerospace & Defense ETF | 0.53% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% |
SHLD Global X Defense Tech ETF | 0.40% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PPA vs. SHLD - Drawdown Comparison
The maximum PPA drawdown since its inception was -57.37%, which is greater than SHLD's maximum drawdown of -10.92%. Use the drawdown chart below to compare losses from any high point for PPA and SHLD. For additional features, visit the drawdowns tool.
Volatility
PPA vs. SHLD - Volatility Comparison
Invesco Aerospace & Defense ETF (PPA) has a higher volatility of 13.65% compared to Global X Defense Tech ETF (SHLD) at 12.57%. This indicates that PPA's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.