^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.
Key characteristics
| ^SPSUPX | PPA | |
|---|---|---|
| YTD Return | 12.64% | 17.41% |
| 1Y Return | 20.86% | 31.19% |
| 3Y Return (Ann) | 5.81% | 14.92% |
| 5Y Return (Ann) | 12.35% | 10.45% |
| 10Y Return (Ann) | 10.28% | 13.85% |
| Sharpe Ratio | 1.60 | 2.25 |
| Daily Std Dev | 12.79% | 13.71% |
| Max Drawdown | -56.77% | -57.37% |
| Current Drawdown | -4.65% | -4.91% |
Correlation
The correlation between ^SPSUPX and PPA is 0.81, 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
In the year-to-date period, ^SPSUPX achieves a 12.64% return, which is significantly lower than PPA's 17.41% return. Over the past 10 years, ^SPSUPX has underperformed PPA with an annualized return of 10.28%, while PPA has yielded a comparatively higher 13.85% 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
^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) and Invesco Aerospace & Defense ETF (PPA) have volatilities of 4.92% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.