Correlation
The correlation between PSL and PPA is 0.73, 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.
PSL vs. PPA
Compare and contrast key facts about Invesco DWA Consumer Staples Momentum ETF (PSL) and Invesco Aerospace & Defense ETF (PPA).
PSL and PPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSL is a passively managed fund by Invesco that tracks the performance of the DWA Consumer Staples Technical Leaders Index. It was launched on Oct 12, 2006. PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005. Both PSL and PPA 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: PSL or PPA.
Performance
PSL vs. PPA - Performance Comparison
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Key characteristics
PSL:
1.11
PPA:
1.42
PSL:
1.50
PPA:
1.94
PSL:
1.18
PPA:
1.28
PSL:
1.39
PPA:
1.87
PSL:
4.56
PPA:
6.66
PSL:
3.22%
PPA:
4.29%
PSL:
14.65%
PPA:
20.88%
PSL:
-41.58%
PPA:
-57.37%
PSL:
-1.63%
PPA:
0.00%
Returns By Period
In the year-to-date period, PSL achieves a 6.87% return, which is significantly lower than PPA's 16.35% return. Over the past 10 years, PSL has underperformed PPA with an annualized return of 8.99%, while PPA has yielded a comparatively higher 15.01% annualized return.
PSL
6.87%
2.51%
1.77%
16.09%
11.98%
12.58%
8.99%
PPA
16.35%
9.58%
10.26%
29.36%
23.64%
19.38%
15.01%
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PSL vs. PPA - Expense Ratio Comparison
PSL has a 0.60% expense ratio, which is lower than PPA's 0.61% expense ratio.
Risk-Adjusted Performance
PSL vs. PPA — Risk-Adjusted Performance Rank
PSL
PPA
PSL vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) 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.
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Dividends
PSL vs. PPA - Dividend Comparison
PSL's dividend yield for the trailing twelve months is around 0.59%, more than PPA's 0.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSL Invesco DWA Consumer Staples Momentum ETF | 0.59% | 0.60% | 1.37% | 1.98% | 1.24% | 0.80% | 0.47% | 0.75% | 0.34% | 2.08% | 1.18% | 0.95% |
PPA Invesco Aerospace & Defense ETF | 0.47% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% |
Drawdowns
PSL vs. PPA - Drawdown Comparison
The maximum PSL drawdown since its inception was -41.58%, smaller than the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for PSL and PPA.
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Volatility
PSL vs. PPA - Volatility Comparison
Invesco DWA Consumer Staples Momentum ETF (PSL) and Invesco Aerospace & Defense ETF (PPA) have volatilities of 4.30% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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