PPA vs. XAR
Compare and contrast key facts about Invesco Aerospace & Defense ETF (PPA) and SPDR S&P Aerospace & Defense ETF (XAR).
PPA and XAR 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. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. Both PPA and XAR 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 XAR.
Correlation
The correlation between PPA and XAR is 0.89, 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.
Performance
PPA vs. XAR - Performance Comparison
Key characteristics
PPA:
1.16
XAR:
0.95
PPA:
1.68
XAR:
1.43
PPA:
1.21
XAR:
1.17
PPA:
2.20
XAR:
1.50
PPA:
5.08
XAR:
4.38
PPA:
3.70%
XAR:
4.37%
PPA:
16.21%
XAR:
20.06%
PPA:
-57.37%
XAR:
-46.37%
PPA:
-4.27%
XAR:
-8.88%
Returns By Period
In the year-to-date period, PPA achieves a 3.61% return, which is significantly higher than XAR's -0.67% return. Over the past 10 years, PPA has outperformed XAR with an annualized return of 13.65%, while XAR has yielded a comparatively lower 11.92% annualized return.
PPA
3.61%
2.91%
2.84%
19.64%
21.19%
13.65%
XAR
-0.67%
1.28%
3.79%
20.93%
19.04%
11.92%
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PPA vs. XAR - Expense Ratio Comparison
PPA has a 0.61% expense ratio, which is higher than XAR's 0.35% expense ratio.
Risk-Adjusted Performance
PPA vs. XAR — Risk-Adjusted Performance Rank
PPA
XAR
PPA vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and SPDR S&P Aerospace & Defense ETF (XAR). 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. XAR - Dividend Comparison
PPA's dividend yield for the trailing twelve months is around 0.53%, less than XAR's 0.69% 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% |
XAR SPDR S&P Aerospace & Defense ETF | 0.69% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% |
Drawdowns
PPA vs. XAR - Drawdown Comparison
The maximum PPA drawdown since its inception was -57.37%, which is greater than XAR's maximum drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for PPA and XAR. For additional features, visit the drawdowns tool.
Volatility
PPA vs. XAR - Volatility Comparison
The current volatility for Invesco Aerospace & Defense ETF (PPA) is 5.91%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 7.40%. This indicates that PPA experiences smaller price fluctuations and is considered to be less risky than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.