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

Correlation

The correlation between PPA and XLV is 0.62, 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.


-0.50.00.51.00.6

Performance

PPA vs. XLV - Performance Comparison

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

500.00%600.00%700.00%800.00%900.00%JulyAugustSeptemberOctoberNovemberDecember
837.52%
538.00%
PPA
XLV

Key characteristics

Sharpe Ratio

PPA:

2.03

XLV:

0.47

Sortino Ratio

PPA:

2.72

XLV:

0.71

Omega Ratio

PPA:

1.37

XLV:

1.09

Calmar Ratio

PPA:

3.50

XLV:

0.40

Martin Ratio

PPA:

13.06

XLV:

1.38

Ulcer Index

PPA:

2.27%

XLV:

3.74%

Daily Std Dev

PPA:

14.62%

XLV:

10.90%

Max Drawdown

PPA:

-57.37%

XLV:

-39.17%

Current Drawdown

PPA:

-6.66%

XLV:

-11.91%

Returns By Period

In the year-to-date period, PPA achieves a 26.56% return, which is significantly higher than XLV's 2.33% return. Over the past 10 years, PPA has outperformed XLV with an annualized return of 13.80%, while XLV has yielded a comparatively lower 8.97% annualized return.


PPA

YTD

26.56%

1M

-1.92%

6M

12.09%

1Y

28.06%

5Y*

11.95%

10Y*

13.80%

XLV

YTD

2.33%

1M

-4.19%

6M

-5.28%

1Y

3.36%

5Y*

7.76%

10Y*

8.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PPA vs. XLV - Expense Ratio Comparison

PPA has a 0.61% expense ratio, which is higher than XLV's 0.12% expense ratio.


PPA
Invesco Aerospace & Defense ETF
Expense ratio chart for PPA: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%
Expense ratio chart for XLV: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

Risk-Adjusted Performance

PPA vs. XLV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Aerospace & Defense ETF (PPA) and Health Care Select Sector SPDR Fund (XLV). 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.


Sharpe ratio
The chart of Sharpe ratio for PPA, currently valued at 2.03, compared to the broader market0.002.004.002.030.47
The chart of Sortino ratio for PPA, currently valued at 2.72, compared to the broader market-2.000.002.004.006.008.0010.002.720.71
The chart of Omega ratio for PPA, currently valued at 1.37, compared to the broader market0.501.001.502.002.503.001.371.09
The chart of Calmar ratio for PPA, currently valued at 3.50, compared to the broader market0.005.0010.0015.003.500.40
The chart of Martin ratio for PPA, currently valued at 13.06, compared to the broader market0.0020.0040.0060.0080.00100.0013.061.38
PPA
XLV

The current PPA Sharpe Ratio is 2.03, which is higher than the XLV Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of PPA and XLV, 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.03
0.47
PPA
XLV

Dividends

PPA vs. XLV - Dividend Comparison

PPA's dividend yield for the trailing twelve months is around 0.33%, less than XLV's 1.21% yield.


TTM20232022202120202019201820172016201520142013
PPA
Invesco Aerospace & Defense ETF
0.33%0.67%0.83%0.59%0.88%0.95%0.90%0.67%1.70%1.41%0.62%1.26%
XLV
Health Care Select Sector SPDR Fund
1.21%1.59%1.47%1.33%1.49%2.17%1.58%1.47%1.60%1.43%1.35%1.52%

Drawdowns

PPA vs. XLV - Drawdown Comparison

The maximum PPA drawdown since its inception was -57.37%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for PPA and XLV. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.66%
-11.91%
PPA
XLV

Volatility

PPA vs. XLV - Volatility Comparison

Invesco Aerospace & Defense ETF (PPA) has a higher volatility of 5.17% compared to Health Care Select Sector SPDR Fund (XLV) at 3.45%. This indicates that PPA's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
5.17%
3.45%
PPA
XLV
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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