BOND vs PPA
Comparison between PIMCO ACTIVE BOND EXCHANGE-TRADED FUND (BOND, ETF) and INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF).
5-Year PerformancePPA has outperformed BOND, delivering a return of +18.7% compared to +0.6%
BOND vs PPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BOND
$7.90B
Winner
PPA
$8B
Expense Ratio
Winner
BOND
0.54%
PPA
0.58%
Max Drawdown
Winner
BOND
24.58%
PPA
57.80%
Sharpe Ratio
BOND
0.79
Winner
PPA
1.44
5Y Beta
Winner
BOND
0.03
PPA
0.86
P/E Ratio
BOND
N/A
PPA
45.44
Forward P/E
BOND
N/A
PPA
27.58
PEG Ratio
BOND
N/A
PPA
0.65
5Y Dividends CAGR
Winner
BOND
12.69%
PPA
-0.76%
5Y EPS CAGR
BOND
N/A
PPA
12.58%
Debt to Equity
BOND
N/A
PPA
130.12%
P/S Ratio
BOND
N/A
PPA
2.80
P/B Ratio
BOND
N/A
PPA
6.18
BOND vs PPA - Holdings Comparison
BOND and PPA have 1 common holdings. Overlap is -2.64%
BOND's top 25 holdings weight is 39.02%. PPA's top 25 holdings weight is 82.99%.
| Rank | BOND | PPA |
|---|---|---|
| #1 | FEDERAL HOME LOAN MORTGAGE CORP. 6% (n/a) - 4.34% | BOEING CO (BA) - 9.29% |
| #2 | U S TREASURY REPO (n/a) - 4.32% | GE AEROSPACE (GE) - 7.92% |
| #3 | UNITED STATES TREASURY BONDS 3.875% (n/a) - 3.65% | RTX CORP (RTX) - 7.20% |
| #4 | PIMCO MORTGAGE-BACKED SECURITIES ACT ETF (PMBS) - 3.30% | LOCKHEED MARTIN CORP (LMT) - 6.39% |
| #5 | FEDERAL HOME LOAN MORTGAGE CORP. 5.5% (n/a) - 2.45% | NORTHROP GRUMMAN CORP (NOC) - 4.50% |
| #6 | FEDERAL HOME LOAN MORTGAGE CORP. 5% (n/a) - 2.43% | HONEYWELL INTERNATIONAL INC (HON) - 4.41% |
| #7 | UNITED STATES TREASURY BONDS 4.625% (n/a) - 2.25% | HOWMET AEROSPACE INC (HWM) - 4.18% |
| #8 | UNITED STATES TREASURY BONDS 3.125% (n/a) - 2.08% | GENERAL DYNAMICS CORP (GD) - 4.17% |
| #9 | UNITED STATES TREASURY NOTES 1.75% (n/a) - 2.06% | PARKER HANNIFIN CORP (PH) - 4.01% |
| #10 | n/a (n/a) - 2.02% | L3HARRIS TECHNOLOGIES INC (LHX) - 3.86% |
| #11 | UNITED STATES TREASURY BONDS 2.375% (n/a) - 1.41% | ELBIT SYSTEMS LTD (n/a) - 3.60% |
| #12 | FEDERAL NATIONAL MORTGAGE ASSOCIATION 6% (n/a) - 1.28% | ROCKET LAB CORP (RKLB) - 2.67% |
| #13 | n/a (n/a) - 1.23% | TRANSDIGM GROUP INC (TDG) - 2.64% |
| #14 | IRS AUD 4.00000 12/17/25-10Y LCH (n/a) - 1.10% | AMPHENOL CORP CLASS A (APH) - 2.31% |
| #15 | UNITED STATES TREASURY NOTES 2.125% (n/a) - 1.10% | EATON CORP PLC (ETN) - 2.27% |
| #16 | BEIGNET INV LLC 6.581% (n/a) - 1.08% | CURTISS-WRIGHT CORP (CW) - 1.72% |
| #17 | TITULOS DE TESORERIA (n/a) - 0.53% | AXON ENTERPRISE INC (AXON) - 1.71% |
| #18 | n/a (n/a) - 0.39% | CARPENTER TECHNOLOGY CORP (CRS) - 1.37% |
| #19 | n/a (n/a) - 0.32% | ATI INC (ATI) - 1.34% |
| #20 | n/a (n/a) - 0.31% | WOODWARD INC (WWD) - 1.31% |
| #21 | PERU (REPUBLIC OF) 7.3% (n/a) - 0.28% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.27% |
| #22 | COMPEER FINANCIAL, ACA 7.875% (n/a) - 0.28% | n/a (PLTR) - 1.26% |
| #23 | SMBC AVIATION CAPITAL FINANCE 5.25% (n/a) - 0.27% | BWX TECHNOLOGIES INC (BWXT) - 1.23% |
| #24 | BANK OF AMERICA CORP. 5.872% (n/a) - 0.27% | HEICO CORP (HEI) - 1.22% |
| #25 | JPMORGAN CHASE & CO. 5.572% (n/a) - 0.27% | TEXTRON INC (TXT) - 1.14% |
| Total Holdings | 1022 | 63 |
BOND vs PPA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BOND
-0.57%
PPA
-4.16%
3M
Winner
BOND
-1.42%
PPA
-3.72%
6M
BOND
+0.70%
Winner
PPA
+12.66%
1Y
BOND
+6.87%
Winner
PPA
+32.31%
5Y(CAGR)
BOND
+0.58%
Winner
PPA
+18.74%
10Y(CAGR)
BOND
+2.17%
Winner
PPA
+17.61%
Max(CAGR)
BOND
+2.97%
Winner
PPA
+13.62%
BOND vs PPA - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | BOND | PPA |
|---|---|---|
| 2026 | +0.30% | +5.21% |
| 2025 | +8.34% | +37.54% |
| 2024 | +3.33% | +26.23% |
| 2023 | +5.90% | +18.39% |
| 2022 | -14.20% | +8.80% |
| 2021 | -0.71% | +10.86% |
| 2020 | +7.52% | -1.43% |
| 2019 | +8.44% | +39.54% |
| 2018 | +0.14% | -7.59% |
| 2017 | +4.66% | +28.95% |
| 2016 | +2.92% | +20.62% |
| 2015 | +0.63% | +4.24% |
| 2014 | +6.51% | +14.18% |
| 2013 | -1.03% | +46.90% |
| 2012 | +11.91% | +15.91% |
| 2011 | N/A | -2.54% |
| 2010 | N/A | +8.47% |
| 2009 | N/A | +18.19% |
| 2008 | N/A | -36.19% |
| 2007 | N/A | +21.82% |
| 2006 | N/A | +19.17% |
| 2005 | N/A | +3.96% |
BOND vs PPA Drawdown Comparison
The maximum drawdown for BOND was -19.72%, occurring on Oct 21, 2022. Recovery took 1059 trading sessions.
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The current BOND drawdown is -1.79%. The current PPA drawdown is -8.64%.
| Rank | BOND | PPA |
|---|---|---|
| #1 | -19.72% Aug 3, 2021 - Oct 21, 2025 | -57.37% Oct 9, 2007 - Mar 13, 2013 |
| #2 | -10.88% Mar 9, 2020 - Jul 15, 2020 | -43.91% Feb 12, 2020 - Apr 1, 2021 |
| #3 | -6.17% May 2, 2013 - May 15, 2014 | -24.74% Oct 3, 2018 - Apr 30, 2019 |
| #4 | -3.81% Sep 30, 2016 - Apr 11, 2017 | -18.38% Mar 25, 2022 - Nov 10, 2022 |
| #5 | -3.53% Apr 1, 2015 - Apr 28, 2016 | -15.24% Feb 24, 2015 - Apr 27, 2016 |
| #6 | -3.12% Sep 8, 2017 - Jan 3, 2019 | -15.24% Nov 11, 2024 - May 2, 2025 |
| #7 | -3.12% Dec 31, 2020 - Jul 19, 2021 | -13.71% Mar 2, 2026 - Mar 30, 2026 |
| #8 | -2.84% Feb 27, 2026 - Mar 26, 2026 | -12.72% Jun 8, 2021 - Feb 28, 2022 |
| #9 | -1.76% Jan 30, 2015 - Apr 1, 2015 | -11.64% Apr 20, 2006 - Oct 13, 2006 |
| #10 | -1.61% Sep 4, 2019 - Jan 3, 2020 | -9.60% Jun 9, 2014 - Oct 31, 2014 |
| #11 | -1.34% Apr 18, 2017 - Jun 2, 2017 | -8.64% Aug 1, 2023 - Nov 14, 2023 |
| #12 | -1.03% Mar 8, 2012 - Mar 27, 2012 | -8.42% Oct 8, 2025 - Dec 22, 2025 |
| #13 | -1.03% Jun 26, 2017 - Jul 21, 2017 | -7.92% Apr 19, 2018 - Jul 31, 2018 |
| #14 | -1.03% Aug 7, 2020 - Nov 19, 2020 | -7.69% Jul 19, 2007 - Sep 18, 2007 |
| #15 | -1.03% Oct 28, 2025 - Nov 26, 2025 | -6.95% Feb 1, 2018 - Feb 26, 2018 |
Correlation
Correlation between BOND and PPA is 0.77 which considered as a strong positive correlation - the stocks tend to move together.
0.77
-101
Dividend Comparison (2005 - 2026)
BOND vs PPA dividend yield comparison.
| Year | BOND | PPA |
|---|---|---|
| 2026 | 1.68% | 0.03% |
| 2025 | 5.11% | 0.42% |
| 2024 | 5.02% | 0.61% |
| 2023 | 4.06% | 0.67% |
| 2022 | 3.44% | 0.83% |
| 2021 | 2.58% | 0.59% |
| 2020 | 2.66% | 0.88% |
| 2019 | 3.38% | 0.95% |
| 2018 | 3.18% | 0.90% |
| 2017 | 2.87% | 0.67% |
| 2016 | 2.85% | 1.70% |
| 2015 | 4.14% | 1.41% |
| 2014 | 4.13% | 0.62% |
| 2013 | 2.82% | 1.26% |
| 2012 | 2.52% | 2.12% |
| 2011 | 0.00% | 1.09% |
| 2010 | 0.00% | 0.83% |
| 2009 | 0.00% | 1.18% |
| 2008 | 0.00% | 1.03% |
| 2007 | 0.00% | 0.24% |
| 2006 | 0.00% | 0.27% |
| 2005 | 0.00% | 0.14% |
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