PPA vs IBB
Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and ISHARES BIOTECHNOLOGY ETF (IBB, ETF).
PPA is from the Industrials sector, while IBB is from the Healthcare sector.
5-Year PerformancePPA has outperformed IBB, delivering a return of +18.7% compared to +3.7%
PPA vs IBB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PPA
$8B
IBB
$7.90B
Expense Ratio
PPA
0.58%
Winner
IBB
0.44%
Max Drawdown
Winner
PPA
57.80%
IBB
62.85%
Sharpe Ratio
PPA
1.44
Winner
IBB
1.67
5Y Beta
PPA
0.86
Winner
IBB
0.80
P/E Ratio
PPA
45.44
Winner
IBB
-126.46
Forward P/E
PPA
27.58
Winner
IBB
17.79
PEG Ratio
PPA
0.65
IBB
N/A
5Y Dividends CAGR
PPA
-0.76%
Winner
IBB
10.38%
5Y EPS CAGR
PPA
12.58%
Winner
IBB
21.46%
Debt to Equity
PPA
130.12%
Winner
IBB
87.18%
P/S Ratio
Winner
PPA
2.80
IBB
6.37
P/B Ratio
PPA
6.18
Winner
IBB
4.89
PPA vs IBB - Holdings Comparison
PPA and IBB have 1 common holdings. Overlap is 0.00%
PPA's top 25 holdings weight is 82.99%. IBB's top 25 holdings weight is 65.07%.
| Rank | PPA | IBB |
|---|---|---|
| #1 | BOEING CO (BA) - 9.29% | GILEAD SCIENCES INC (GILD) - 7.42% |
| #2 | GE AEROSPACE (GE) - 7.92% | VERTEX PHARMACEUTICALS INC (VRTX) - 7.07% |
| #3 | RTX CORP (RTX) - 7.20% | AMGEN INC (AMGN) - 7.03% |
| #4 | LOCKHEED MARTIN CORP (LMT) - 6.39% | REGENERON PHARMACEUTICALS INC (REGN) - 6.55% |
| #5 | NORTHROP GRUMMAN CORP (NOC) - 4.50% | ALNYLAM PHARMACEUTICALS INC (ALNY) - 3.63% |
| #6 | HONEYWELL INTERNATIONAL INC (HON) - 4.41% | ARGENX SE ADR (ARGX) - 3.34% |
| #7 | HOWMET AEROSPACE INC (HWM) - 4.18% | INSMED INC (INSM) - 2.72% |
| #8 | GENERAL DYNAMICS CORP (GD) - 4.17% | BIOGEN INC (BIIB) - 2.54% |
| #9 | PARKER HANNIFIN CORP (PH) - 4.01% | NATERA INC (NTRA) - 2.49% |
| #10 | L3HARRIS TECHNOLOGIES INC (LHX) - 3.86% | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 2.32% |
| #11 | ELBIT SYSTEMS LTD (n/a) - 3.60% | UNITED THERAPEUTICS CORP (UTHR) - 2.22% |
| #12 | ROCKET LAB CORP (RKLB) - 2.67% | BEONE MEDICINES LTD ADR (ONC) - 1.94% |
| #13 | TRANSDIGM GROUP INC (TDG) - 2.64% | ILLUMINA INC (ILMN) - 1.89% |
| #14 | AMPHENOL CORP CLASS A (APH) - 2.31% | INCYTE CORP (INCY) - 1.76% |
| #15 | EATON CORP PLC (ETN) - 2.27% | MODERNA INC (MRNA) - 1.55% |
| #16 | CURTISS-WRIGHT CORP (CW) - 1.72% | ROIVANT SCIENCES LTD ORDINARY SHARES (ROIV) - 1.27% |
| #17 | AXON ENTERPRISE INC (AXON) - 1.71% | NEUROCRINE BIOSCIENCES INC (NBIX) - 1.21% |
| #18 | CARPENTER TECHNOLOGY CORP (CRS) - 1.37% | GENMAB AS ADR (GMAB) - 1.20% |
| #19 | ATI INC (ATI) - 1.34% | IONIS PHARMACEUTICALS INC (IONS) - 1.12% |
| #20 | WOODWARD INC (WWD) - 1.31% | BRIDGEBIO PHARMA INC (BBIO) - 1.05% |
| #21 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.27% | EXELIXIS INC (EXEL) - 1.02% |
| #22 | n/a (PLTR) - 1.26% | MADRIGAL PHARMACEUTICALS INC (MDGL) - 0.96% |
| #23 | BWX TECHNOLOGIES INC (BWXT) - 1.23% | ASCENDIS PHARMA AS (ASND) - 0.94% |
| #24 | HEICO CORP (HEI) - 1.22% | BIOMARIN PHARMACEUTICAL INC (BMRN) - 0.93% |
| #25 | TEXTRON INC (TXT) - 1.14% | MEDPACE HOLDINGS INC (MEDP) - 0.90% |
| Total Holdings | 63 | 255 |
PPA vs IBB - Historical Returns
Returns include dividend reinvestment.
1M
PPA
-4.16%
Winner
IBB
+0.27%
3M
PPA
-3.72%
Winner
IBB
+0.16%
6M
Winner
PPA
+12.66%
IBB
+5.90%
1Y
PPA
+32.31%
Winner
IBB
+44.79%
5Y(CAGR)
Winner
PPA
+18.74%
IBB
+3.67%
10Y(CAGR)
Winner
PPA
+17.61%
IBB
+7.67%
Max(CAGR)
Winner
PPA
+13.62%
IBB
+6.77%
PPA vs IBB - Annual Returns (2001 - 2026)
Returns include dividend reinvestment.
| Year | PPA | IBB |
|---|---|---|
| 2026 | +5.21% | +2.23% |
| 2025 | +37.54% | +27.31% |
| 2024 | +26.23% | -3.98% |
| 2023 | +18.39% | +4.76% |
| 2022 | +8.80% | -13.55% |
| 2021 | +10.86% | +1.62% |
| 2020 | -1.43% | +26.66% |
| 2019 | +39.54% | +24.04% |
| 2018 | -7.59% | -11.66% |
| 2017 | +28.95% | +18.90% |
| 2016 | +20.62% | -18.66% |
| 2015 | +4.24% | +10.47% |
| 2014 | +14.18% | +33.81% |
| 2013 | +46.90% | +60.40% |
| 2012 | +15.91% | +30.91% |
| 2011 | -2.54% | +10.68% |
| 2010 | +8.47% | +13.15% |
| 2009 | +18.19% | +13.54% |
| 2008 | -36.19% | -11.83% |
| 2007 | +21.82% | +4.68% |
| 2006 | +19.17% | -0.82% |
| 2005 | +3.96% | +3.75% |
| 2004 | N/A | +3.40% |
| 2003 | N/A | +41.11% |
| 2002 | N/A | -44.49% |
| 2001 | N/A | -12.03% |
PPA vs IBB Drawdown Comparison
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The maximum drawdown for IBB was -62.85%, occurring on Jul 10, 2002. Recovery took 2488 trading sessions.
The current PPA drawdown is -8.64%. The current IBB drawdown is -2.74%.
| Rank | PPA | IBB |
|---|---|---|
| #1 | -57.37% Oct 9, 2007 - Mar 13, 2013 | -62.85% Jun 5, 2001 - Apr 27, 2011 |
| #2 | -43.91% Feb 12, 2020 - Apr 1, 2021 | -39.82% Aug 9, 2021 - Jan 7, 2026 |
| #3 | -24.74% Oct 3, 2018 - Apr 30, 2019 | -39.24% Jul 20, 2015 - May 11, 2020 |
| #4 | -18.38% Mar 25, 2022 - Nov 10, 2022 | -34.69% Feb 12, 2001 - May 22, 2001 |
| #5 | -15.24% Feb 24, 2015 - Apr 27, 2016 | -22.65% Jul 8, 2011 - Jan 10, 2012 |
| #6 | -15.24% Nov 11, 2024 - May 2, 2025 | -21.18% Feb 25, 2014 - Aug 26, 2014 |
| #7 | -13.71% Mar 2, 2026 - Mar 30, 2026 | -15.26% Feb 8, 2021 - Aug 5, 2021 |
| #8 | -12.72% Jun 8, 2021 - Feb 28, 2022 | -12.98% Jul 20, 2020 - Dec 3, 2020 |
| #9 | -11.64% Apr 20, 2006 - Oct 13, 2006 | -12.75% Oct 5, 2012 - Feb 1, 2013 |
| #10 | -9.60% Jun 9, 2014 - Oct 31, 2014 | -9.81% May 14, 2013 - Jul 11, 2013 |
| #11 | -8.64% Aug 1, 2023 - Nov 14, 2023 | -9.63% Jan 22, 2026 - Mar 27, 2026 |
| #12 | -8.42% Oct 8, 2025 - Dec 22, 2025 | -9.25% Apr 23, 2015 - Jun 11, 2015 |
| #13 | -7.92% Apr 19, 2018 - Jul 31, 2018 | -9.02% Oct 1, 2013 - Nov 21, 2013 |
| #14 | -7.69% Jul 19, 2007 - Sep 18, 2007 | -8.60% Sep 24, 2014 - Oct 23, 2014 |
| #15 | -6.95% Feb 1, 2018 - Feb 26, 2018 | -7.55% Mar 20, 2015 - Apr 23, 2015 |
Correlation
Correlation between PPA and IBB is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2005 - 2026)
PPA vs IBB dividend yield comparison.
| Year | PPA | IBB |
|---|---|---|
| 2026 | 0.03% | 0.07% |
| 2025 | 0.42% | 0.23% |
| 2024 | 0.61% | 0.29% |
| 2023 | 0.67% | 0.26% |
| 2022 | 0.83% | 0.31% |
| 2021 | 0.59% | 0.21% |
| 2020 | 0.88% | 0.21% |
| 2019 | 0.95% | 0.33% |
| 2018 | 0.90% | 0.20% |
| 2017 | 0.67% | 0.30% |
| 2016 | 1.70% | 0.19% |
| 2015 | 1.41% | 0.03% |
| 2014 | 0.62% | 0.15% |
| 2013 | 1.26% | 0.03% |
| 2012 | 2.12% | 0.48% |
| 2011 | 1.09% | 0.01% |
| 2010 | 0.83% | 0.55% |
| 2009 | 1.18% | 0.00% |
| 2008 | 1.03% | 0.25% |
| 2007 | 0.24% | 0.11% |
| 2006 | 0.27% | 0.00% |
| 2005 | 0.14% | 0.00% |
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