^SIXI vs. PPA
Compare and contrast key facts about Industrials Select Sector Index (^SIXI) 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: ^SIXI or PPA.
Key characteristics
| ^SIXI | PPA | |
|---|---|---|
| YTD Return | 14.21% | 21.55% |
| 1Y Return | 23.77% | 36.59% |
| 3Y Return (Ann) | 9.05% | 16.82% |
| 5Y Return (Ann) | 10.69% | 11.31% |
| 10Y Return (Ann) | 9.33% | 14.16% |
| Sharpe Ratio | 1.73 | 2.74 |
| Daily Std Dev | 13.70% | 13.85% |
| Max Drawdown | -42.63% | -57.37% |
| Current Drawdown | -0.81% | -1.55% |
Correlation
The correlation between ^SIXI 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
^SIXI vs. PPA - Performance Comparison
In the year-to-date period, ^SIXI achieves a 14.21% return, which is significantly lower than PPA's 21.55% return. Over the past 10 years, ^SIXI has underperformed PPA with an annualized return of 9.33%, while PPA has yielded a comparatively higher 14.16% 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
^SIXI vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrials Select Sector Index (^SIXI) 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.
Drawdowns
^SIXI vs. PPA - Drawdown Comparison
The maximum ^SIXI drawdown since its inception was -42.63%, smaller than the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for ^SIXI and PPA. For additional features, visit the drawdowns tool.
Volatility
^SIXI vs. PPA - Volatility Comparison
The current volatility for Industrials Select Sector Index (^SIXI) is 4.16%, while Invesco Aerospace & Defense ETF (PPA) has a volatility of 4.83%. This indicates that ^SIXI experiences smaller price fluctuations and is considered to be less risky than PPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.