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

Correlation

The correlation between PRN and PPA is 0.80, 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

PRN vs. PPA - Performance Comparison

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

400.00%500.00%600.00%700.00%800.00%December2025FebruaryMarchAprilMay
514.04%
747.25%
PRN
PPA

Key characteristics

Sharpe Ratio

PRN:

0.17

PPA:

1.04

Sortino Ratio

PRN:

0.42

PPA:

1.54

Omega Ratio

PRN:

1.06

PPA:

1.22

Calmar Ratio

PRN:

0.15

PPA:

1.42

Martin Ratio

PRN:

0.41

PPA:

5.00

Ulcer Index

PRN:

11.58%

PPA:

4.32%

Daily Std Dev

PRN:

28.17%

PPA:

20.68%

Max Drawdown

PRN:

-59.88%

PPA:

-57.37%

Current Drawdown

PRN:

-21.05%

PPA:

-0.41%

Returns By Period

In the year-to-date period, PRN achieves a -8.87% return, which is significantly lower than PPA's 8.51% return. Over the past 10 years, PRN has underperformed PPA with an annualized return of 11.88%, while PPA has yielded a comparatively higher 14.31% annualized return.


PRN

YTD

-8.87%

1M

12.78%

6M

-17.06%

1Y

2.94%

5Y*

17.79%

10Y*

11.88%

PPA

YTD

8.51%

1M

18.14%

6M

3.81%

1Y

20.47%

5Y*

19.51%

10Y*

14.31%

*Annualized

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PRN vs. PPA - Expense Ratio Comparison

PRN has a 0.60% expense ratio, which is lower than PPA's 0.61% expense ratio.


Risk-Adjusted Performance

PRN vs. PPA — Risk-Adjusted Performance Rank

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

PRN
The Risk-Adjusted Performance Rank of PRN is 3131
Overall Rank
The Sharpe Ratio Rank of PRN is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of PRN is 3333
Sortino Ratio Rank
The Omega Ratio Rank of PRN is 3232
Omega Ratio Rank
The Calmar Ratio Rank of PRN is 3232
Calmar Ratio Rank
The Martin Ratio Rank of PRN is 2727
Martin Ratio Rank

PPA
The Risk-Adjusted Performance Rank of PPA is 8383
Overall Rank
The Sharpe Ratio Rank of PPA is 8181
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
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.

PRN vs. PPA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Industrials Momentum ETF (PRN) and Invesco Aerospace & Defense ETF (PPA). 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 current PRN Sharpe Ratio is 0.17, which is lower than the PPA Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of PRN and PPA, 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 Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
0.17
1.04
PRN
PPA

Dividends

PRN vs. PPA - Dividend Comparison

PRN's dividend yield for the trailing twelve months is around 0.38%, less than PPA's 0.51% yield.


TTM20242023202220212020201920182017201620152014
PRN
Invesco DWA Industrials Momentum ETF
0.38%0.39%0.52%0.82%0.11%0.10%0.41%0.29%0.60%0.57%0.44%0.35%
PPA
Invesco Aerospace & Defense ETF
0.51%0.61%0.67%0.83%0.59%0.88%0.95%0.90%0.67%1.70%1.41%0.62%

Drawdowns

PRN vs. PPA - Drawdown Comparison

The maximum PRN drawdown since its inception was -59.88%, roughly equal to the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for PRN and PPA. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-21.05%
-0.41%
PRN
PPA

Volatility

PRN vs. PPA - Volatility Comparison

Invesco DWA Industrials Momentum ETF (PRN) has a higher volatility of 10.83% compared to Invesco Aerospace & Defense ETF (PPA) at 9.39%. This indicates that PRN's price experiences larger fluctuations and is considered to be riskier than PPA 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%December2025FebruaryMarchAprilMay
10.83%
9.39%
PRN
PPA