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

Correlation

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.


-0.50.00.51.00.9

Performance

XAR vs. PPA - Performance Comparison

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

550.00%600.00%650.00%700.00%750.00%JulyAugustSeptemberOctoberNovemberDecember
669.93%
705.12%
XAR
PPA

Key characteristics

Sharpe Ratio

XAR:

1.50

PPA:

2.03

Sortino Ratio

XAR:

2.06

PPA:

2.72

Omega Ratio

XAR:

1.26

PPA:

1.37

Calmar Ratio

XAR:

3.34

PPA:

3.50

Martin Ratio

XAR:

8.92

PPA:

13.06

Ulcer Index

XAR:

3.01%

PPA:

2.27%

Daily Std Dev

XAR:

17.87%

PPA:

14.62%

Max Drawdown

XAR:

-46.37%

PPA:

-57.37%

Current Drawdown

XAR:

-5.76%

PPA:

-6.66%

Returns By Period

In the year-to-date period, XAR achieves a 23.29% return, which is significantly lower than PPA's 26.56% return. Over the past 10 years, XAR has underperformed PPA with an annualized return of 12.82%, while PPA has yielded a comparatively higher 13.80% annualized return.


XAR

YTD

23.29%

1M

-2.24%

6M

17.32%

1Y

23.19%

5Y*

9.29%

10Y*

12.82%

PPA

YTD

26.56%

1M

-1.92%

6M

12.09%

1Y

28.06%

5Y*

11.95%

10Y*

13.80%

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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.


Sharpe ratio
The chart of Sharpe ratio for XAR, currently valued at 1.50, compared to the broader market0.002.004.001.502.03
The chart of Sortino ratio for XAR, currently valued at 2.06, compared to the broader market-2.000.002.004.006.008.0010.002.062.72
The chart of Omega ratio for XAR, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.37
The chart of Calmar ratio for XAR, currently valued at 3.34, compared to the broader market0.005.0010.0015.003.343.50
The chart of Martin ratio for XAR, currently valued at 8.92, compared to the broader market0.0020.0040.0060.0080.00100.008.9213.06
XAR
PPA

The current XAR Sharpe Ratio is 1.50, which is comparable to the PPA Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XAR 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 Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.50
2.03
XAR
PPA

Dividends

XAR vs. PPA - Dividend Comparison

XAR's dividend yield for the trailing twelve months is around 0.32%, less than PPA's 0.33% yield.


TTM20232022202120202019201820172016201520142013
XAR
SPDR S&P Aerospace & Defense ETF
0.32%0.54%0.50%0.83%0.63%0.75%1.19%0.76%1.10%2.31%1.07%1.96%
PPA
Invesco Aerospace & Defense ETF
0.33%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.76%
-6.66%
XAR
PPA

Volatility

XAR vs. PPA - Volatility Comparison

SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 7.27% compared to Invesco Aerospace & Defense ETF (PPA) at 5.17%. 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%8.00%JulyAugustSeptemberOctoberNovemberDecember
7.27%
5.17%
XAR
PPA
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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