RYCEY vs. PPA
Compare and contrast key facts about Rolls-Royce Holdings plc (RYCEY) and Invesco Aerospace & Defense ETF (PPA).
PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYCEY or PPA.
Key characteristics
| RYCEY | PPA | |
|---|---|---|
| YTD Return | 39.68% | 14.11% |
| 1Y Return | 179.37% | 31.64% |
| 3Y Return (Ann) | 53.93% | 13.15% |
| 5Y Return (Ann) | 1.19% | 12.31% |
| 10Y Return (Ann) | -1.84% | 13.92% |
| Sharpe Ratio | 4.52 | 2.60 |
| Daily Std Dev | 39.68% | 12.52% |
| Max Drawdown | -91.67% | -57.37% |
| Current Drawdown | -32.67% | -0.16% |
Correlation
The correlation between RYCEY and PPA is 0.46, 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.
Performance
RYCEY vs. PPA - Performance Comparison
In the year-to-date period, RYCEY achieves a 39.68% return, which is significantly higher than PPA's 14.11% return. Over the past 10 years, RYCEY has underperformed PPA with an annualized return of -1.84%, while PPA has yielded a comparatively higher 13.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
RYCEY vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rolls-Royce Holdings plc (RYCEY) 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.
Dividends
RYCEY vs. PPA - Dividend Comparison
RYCEY has not paid dividends to shareholders, while PPA's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCEY Rolls-Royce Holdings plc | 0.00% | 0.00% | 0.00% | 0.00% | 128.87% | 1.71% | 1.46% | 1.35% | 1.92% | 4.01% | 2.72% | 1.50% |
PPA Invesco Aerospace & Defense ETF | 0.59% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% | 1.26% |
Drawdowns
RYCEY vs. PPA - Drawdown Comparison
The maximum RYCEY drawdown since its inception was -91.67%, which is greater than PPA's maximum drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for RYCEY and PPA. For additional features, visit the drawdowns tool.
Volatility
RYCEY vs. PPA - Volatility Comparison
Rolls-Royce Holdings plc (RYCEY) has a higher volatility of 9.56% compared to Invesco Aerospace & Defense ETF (PPA) at 2.95%. This indicates that RYCEY'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.