PPA vs. TSSD
PPA (Invesco Aerospace & Defense ETF) and TSSD (Truth Social American Security & Defense ETF) are both Aerospace & Defense funds - PPA tracks the SPADE Defense Index while TSSD tracks the Truth Social - Yorkville American Security & Defense Index. Both are passively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PPA charges 0.58%/yr vs 0.65%/yr for TSSD.
Performance
PPA vs. TSSD - Performance Comparison
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Returns By Period
In the year-to-date period, PPA achieves a 14.49% return, which is significantly lower than TSSD's 19.31% return.
PPA
- 1D
- 2.69%
- 1M
- -1.07%
- 6M
- 3.22%
- YTD
- 14.49%
- 1Y
- 23.96%
- 3Y*
- 29.15%
- 5Y*
- 20.46%
- 10Y*
- 17.46%
- ALL TIME*
- 13.75%
TSSD
- 1D
- 2.34%
- 1M
- 1.73%
- 6M
- 14.22%
- YTD
- 19.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.88M | $30.28M | $35.30M | |
| $32.73K | $67.92K | $97.21K |
PPA vs. TSSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PPA Invesco Aerospace & Defense ETF | 14.49% | -1.19% |
TSSD Truth Social American Security & Defense ETF | 19.31% | -1.16% |
Correlation
The correlation between PPA and TSSD is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.67 |
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Return for Risk
PPA vs. TSSD — Risk / Return Rank
PPA
TSSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PPA vs. TSSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and Truth Social American Security & Defense ETF (TSSD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPA | TSSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | — | — |
| Martin ratioReturn relative to average drawdown | 4.46 | — | — |
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Drawdowns
PPA vs. TSSD - Drawdown Comparison
The maximum PPA drawdown since its inception was -57.37%, which is greater than TSSD's maximum drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for PPA and TSSD.
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Drawdown Indicators
| PPA | TSSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.37% | -12.02% | -45.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.92% | — | — |
Current DrawdownCurrent decline from peak | -3.37% | 0.00% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -4.90% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | — | — |
Volatility
PPA vs. TSSD - Volatility Comparison
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Volatility by Period
| PPA | TSSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 23.89% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 23.89% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 23.89% | -3.07% |
PPA vs. TSSD - Expense Ratio Comparison
PPA has a 0.58% expense ratio, which is lower than TSSD's 0.65% expense ratio.
Dividends
PPA vs. TSSD - Dividend Comparison
PPA's dividend yield for the trailing twelve months is around 0.36%, more than TSSD's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPA Invesco Aerospace & Defense ETF | 0.36% | 0.42% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% |
TSSD Truth Social American Security & Defense ETF | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPA and TSSD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPA is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPA is cheaper with a 0.58% expense ratio, compared with 0.65% for TSSD.
PPA has the higher dividend yield at 0.36%, compared with 0.09% for TSSD.
PPA tracks SPADE Defense Index, while TSSD tracks Truth Social - Yorkville American Security & Defense Index. They also come from different issuers: Invesco and Truth Social Funds. Their fees differ too: 0.58% for PPA and 0.65% for TSSD.
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