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PPA vs. XAR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PPA and XAR is 0.68, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

PPA vs. XAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Aerospace & Defense ETF (PPA) and SPDR S&P Aerospace & Defense ETF (XAR). The values are adjusted to include any dividend payments, if applicable.

600.00%650.00%700.00%750.00%NovemberDecember2025FebruaryMarchApril
724.04%
680.72%
PPA
XAR

Key characteristics

Sharpe Ratio

PPA:

0.99

XAR:

1.11

Sortino Ratio

PPA:

1.47

XAR:

1.66

Omega Ratio

PPA:

1.21

XAR:

1.22

Calmar Ratio

PPA:

1.34

XAR:

1.38

Martin Ratio

PPA:

4.75

XAR:

5.15

Ulcer Index

PPA:

4.30%

XAR:

5.29%

Daily Std Dev

PPA:

20.68%

XAR:

24.47%

Max Drawdown

PPA:

-57.37%

XAR:

-46.37%

Current Drawdown

PPA:

-4.47%

XAR:

-7.01%

Returns By Period

In the year-to-date period, PPA achieves a 3.39% return, which is significantly higher than XAR's 1.38% return. Over the past 10 years, PPA has outperformed XAR with an annualized return of 13.67%, while XAR has yielded a comparatively lower 12.21% annualized return.


PPA

YTD

3.39%

1M

-2.02%

6M

2.16%

1Y

19.50%

5Y*

18.82%

10Y*

13.67%

XAR

YTD

1.38%

1M

-1.36%

6M

6.32%

1Y

25.60%

5Y*

17.85%

10Y*

12.21%

*Annualized

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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.


Expense ratio chart for PPA: current value is 0.61%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PPA: 0.61%
Expense ratio chart for XAR: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XAR: 0.35%

Risk-Adjusted Performance

PPA vs. XAR — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPA
The Risk-Adjusted Performance Rank of PPA is 8383
Overall Rank
The Sharpe Ratio Rank of PPA is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of PPA is 8181
Sortino Ratio Rank
The Omega Ratio Rank of PPA is 8282
Omega Ratio Rank
The Calmar Ratio Rank of PPA is 8888
Calmar Ratio Rank
The Martin Ratio Rank of PPA is 8484
Martin Ratio Rank

XAR
The Risk-Adjusted Performance Rank of XAR is 8585
Overall Rank
The Sharpe Ratio Rank of XAR is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of XAR is 8585
Sortino Ratio Rank
The Omega Ratio Rank of XAR is 8484
Omega Ratio Rank
The Calmar Ratio Rank of XAR is 8888
Calmar Ratio Rank
The Martin Ratio Rank of XAR is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for PPA, currently valued at 0.99, compared to the broader market-1.000.001.002.003.004.00
PPA: 0.99
XAR: 1.11
The chart of Sortino ratio for PPA, currently valued at 1.47, compared to the broader market-2.000.002.004.006.008.00
PPA: 1.47
XAR: 1.66
The chart of Omega ratio for PPA, currently valued at 1.21, compared to the broader market0.501.001.502.002.50
PPA: 1.21
XAR: 1.22
The chart of Calmar ratio for PPA, currently valued at 1.34, compared to the broader market0.002.004.006.008.0010.0012.00
PPA: 1.34
XAR: 1.38
The chart of Martin ratio for PPA, currently valued at 4.75, compared to the broader market0.0020.0040.0060.00
PPA: 4.75
XAR: 5.15

The current PPA Sharpe Ratio is 0.99, which is comparable to the XAR Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of PPA and XAR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.99
1.11
PPA
XAR

Dividends

PPA vs. XAR - Dividend Comparison

PPA's dividend yield for the trailing twelve months is around 0.53%, less than XAR's 0.67% yield.


TTM20242023202220212020201920182017201620152014
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
0.67%0.66%0.54%0.50%0.83%0.63%0.74%1.19%0.76%1.09%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.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.47%
-7.01%
PPA
XAR

Volatility

PPA vs. XAR - Volatility Comparison

The current volatility for Invesco Aerospace & Defense ETF (PPA) is 13.65%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 15.06%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
13.65%
15.06%
PPA
XAR