TSSD vs. PPA
TSSD (Truth Social American Security & Defense ETF) and PPA (Invesco Aerospace & Defense ETF) are both Aerospace & Defense funds - TSSD tracks the Truth Social - Yorkville American Security & Defense Index while PPA tracks the SPADE Defense Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. TSSD charges 0.65%/yr vs 0.58%/yr for PPA.
Performance
TSSD vs. PPA - Performance Comparison
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Returns By Period
In the year-to-date period, TSSD achieves a 14.11% return, which is significantly higher than PPA's 11.37% return.
TSSD
- 1D
- 0.65%
- 1M
- 6.71%
- 6M
- 5.82%
- YTD
- 14.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PPA
- 1D
- 2.39%
- 1M
- 1.47%
- 6M
- -1.70%
- YTD
- 11.37%
- 1Y
- 19.15%
- 3Y*
- 27.78%
- 5Y*
- 19.25%
- 10Y*
- 17.38%
- ALL TIME*
- 13.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.46M | $31.86M | $38.40M | |
| $87.78K | $75.08K | $104.81K |
TSSD vs. PPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSSD Truth Social American Security & Defense ETF | 14.11% | -1.16% |
PPA Invesco Aerospace & Defense ETF | 11.37% | -1.19% |
Correlation
The correlation between TSSD and PPA is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.66 |
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Return for Risk
TSSD vs. PPA — Risk / Return Rank
TSSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PPA
TSSD vs. PPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Truth Social American Security & Defense ETF (TSSD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSSD | PPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.40 | — |
| Martin ratioReturn relative to average drawdown | — | 3.62 | — |
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Drawdowns
TSSD vs. PPA - Drawdown Comparison
The maximum TSSD drawdown since its inception was -12.02%, smaller than the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for TSSD and PPA.
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Drawdown Indicators
| TSSD | PPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -57.37% | +45.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.71% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.92% | — |
Current DrawdownCurrent decline from peak | -4.33% | -6.01% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -9.17% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.30% | — |
Volatility
TSSD vs. PPA - Volatility Comparison
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Volatility by Period
| TSSD | PPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.94% | 20.53% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 18.68% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 20.75% | +3.19% |
TSSD vs. PPA - Expense Ratio Comparison
TSSD has a 0.65% expense ratio, which is higher than PPA's 0.58% expense ratio.
Dividends
TSSD vs. PPA - Dividend Comparison
TSSD's dividend yield for the trailing twelve months is around 0.09%, less than PPA's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPA Invesco Aerospace & Defense ETF | 0.37% | 0.42% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% |
TSSD Truth Social American Security & Defense ETF | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSSD and PPA have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPA is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPA is cheaper with a 0.58% expense ratio, compared with 0.65% for TSSD.
PPA has the higher dividend yield at 0.37%, compared with 0.09% for TSSD.
TSSD tracks Truth Social - Yorkville American Security & Defense Index, while PPA tracks SPADE Defense Index. They also come from different issuers: Truth Social Funds and Invesco. Their fees differ too: 0.65% for TSSD and 0.58% for PPA.
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