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

Key characteristics


XARPPA
YTD Return0.62%9.62%
1Y Return20.40%27.21%
3Y Return (Ann)2.53%11.36%
5Y Return (Ann)7.91%11.50%
10Y Return (Ann)11.62%13.32%
Sharpe Ratio1.332.27
Daily Std Dev16.50%12.86%
Max Drawdown-46.37%-57.37%
Current Drawdown-3.95%-0.79%

Correlation

-0.50.00.51.00.9

The correlation between XAR and PPA is 0.89, 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

XAR vs. PPA - Performance Comparison

In the year-to-date period, XAR achieves a 0.62% return, which is significantly lower than PPA's 9.62% return. Over the past 10 years, XAR has underperformed PPA with an annualized return of 11.62%, while PPA has yielded a comparatively higher 13.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


400.00%450.00%500.00%550.00%600.00%NovemberDecember2024FebruaryMarchApril
528.40%
597.37%
XAR
PPA

Compare stocks, funds, or ETFs

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


SPDR S&P Aerospace & Defense ETF

Invesco Aerospace & Defense ETF

XAR vs. PPA - Expense Ratio Comparison

XAR has a 0.35% expense ratio, which is lower than PPA's 0.61% 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 XAR: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

XAR vs. PPA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) 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.


XAR
Sharpe ratio
The chart of Sharpe ratio for XAR, currently valued at 1.33, compared to the broader market-1.000.001.002.003.004.001.33
Sortino ratio
The chart of Sortino ratio for XAR, currently valued at 1.96, compared to the broader market-2.000.002.004.006.008.001.96
Omega ratio
The chart of Omega ratio for XAR, currently valued at 1.23, compared to the broader market0.501.001.502.002.501.23
Calmar ratio
The chart of Calmar ratio for XAR, currently valued at 1.17, compared to the broader market0.002.004.006.008.0010.0012.001.17
Martin ratio
The chart of Martin ratio for XAR, currently valued at 4.99, compared to the broader market0.0020.0040.0060.004.99
PPA
Sharpe ratio
The chart of Sharpe ratio for PPA, currently valued at 2.27, compared to the broader market-1.000.001.002.003.004.002.27
Sortino ratio
The chart of Sortino ratio for PPA, currently valued at 3.37, compared to the broader market-2.000.002.004.006.008.003.37
Omega ratio
The chart of Omega ratio for PPA, currently valued at 1.39, compared to the broader market0.501.001.502.002.501.39
Calmar ratio
The chart of Calmar ratio for PPA, currently valued at 3.38, compared to the broader market0.002.004.006.008.0010.0012.003.38
Martin ratio
The chart of Martin ratio for PPA, currently valued at 11.21, compared to the broader market0.0020.0040.0060.0011.21

XAR vs. PPA - Sharpe Ratio Comparison

The current XAR Sharpe Ratio is 1.33, which is lower than the PPA Sharpe Ratio of 2.27. The chart below compares the 12-month rolling Sharpe Ratio of XAR and PPA.


Rolling 12-month Sharpe Ratio0.501.001.502.00NovemberDecember2024FebruaryMarchApril
1.33
2.27
XAR
PPA

Dividends

XAR vs. PPA - Dividend Comparison

XAR's dividend yield for the trailing twelve months is around 0.57%, less than PPA's 0.62% yield.


TTM20232022202120202019201820172016201520142013
XAR
SPDR S&P Aerospace & Defense ETF
0.57%0.54%0.50%0.83%0.63%0.74%1.19%0.76%1.09%2.31%1.07%1.96%
PPA
Invesco Aerospace & Defense ETF
0.62%0.67%0.83%0.59%0.88%0.95%0.90%0.67%1.70%1.41%0.62%1.26%

Drawdowns

XAR vs. PPA - Drawdown Comparison

The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for XAR and PPA. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-3.95%
-0.79%
XAR
PPA

Volatility

XAR vs. PPA - Volatility Comparison

SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 3.88% compared to Invesco Aerospace & Defense ETF (PPA) at 3.30%. This indicates that XAR'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.


2.00%3.00%4.00%5.00%6.00%7.00%NovemberDecember2024FebruaryMarchApril
3.88%
3.30%
XAR
PPA