^SPSUPX vs. PPA
Compare and contrast key facts about S&P Composite 1500 Index (^SPSUPX) 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: ^SPSUPX or PPA.
Correlation
The correlation between ^SPSUPX and PPA is 0.80, 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
^SPSUPX vs. PPA - Performance Comparison
Key characteristics
^SPSUPX:
0.43
PPA:
1.07
^SPSUPX:
0.74
PPA:
1.57
^SPSUPX:
1.11
PPA:
1.22
^SPSUPX:
0.44
PPA:
1.45
^SPSUPX:
1.70
PPA:
5.13
^SPSUPX:
4.96%
PPA:
4.32%
^SPSUPX:
19.39%
PPA:
20.74%
^SPSUPX:
-56.77%
PPA:
-57.37%
^SPSUPX:
-7.93%
PPA:
0.00%
Returns By Period
In the year-to-date period, ^SPSUPX achieves a -3.97% return, which is significantly lower than PPA's 10.37% return. Over the past 10 years, ^SPSUPX has underperformed PPA with an annualized return of 10.10%, while PPA has yielded a comparatively higher 14.47% annualized return.
^SPSUPX
-3.97%
13.76%
-5.73%
8.29%
13.94%
10.10%
PPA
10.37%
19.28%
5.99%
22.02%
19.90%
14.47%
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Risk-Adjusted Performance
^SPSUPX vs. PPA — Risk-Adjusted Performance Rank
^SPSUPX
PPA
^SPSUPX vs. PPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Composite 1500 Index (^SPSUPX) 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
^SPSUPX vs. PPA - Drawdown Comparison
The maximum ^SPSUPX drawdown since its inception was -56.77%, roughly equal to the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for ^SPSUPX and PPA. For additional features, visit the drawdowns tool.
Volatility
^SPSUPX vs. PPA - Volatility Comparison
S&P Composite 1500 Index (^SPSUPX) has a higher volatility of 11.19% compared to Invesco Aerospace & Defense ETF (PPA) at 9.44%. This indicates that ^SPSUPX'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.