PPA vs JBND
Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and JPMORGAN ACTIVE BOND ETF (JBND, ETF).
PPA vs JBND - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PPA
$8.30B
JBND
$8.30B
Expense Ratio
PPA
0.58%
Winner
JBND
0.25%
Max Drawdown
PPA
57.80%
Winner
JBND
5.89%
Sharpe Ratio
Winner
PPA
0.70
JBND
0.32
5Y Beta
PPA
0.87
Winner
JBND
0.02
P/E Ratio
PPA
45.67
JBND
N/A
Forward P/E
PPA
28.37
JBND
N/A
PEG Ratio
PPA
0.76
JBND
N/A
5Y Dividends CAGR
PPA
7.34%
JBND
N/A
5Y EPS CAGR
PPA
13.63%
JBND
N/A
Debt to Equity
PPA
101.86%
JBND
N/A
P/S Ratio
PPA
2.83
JBND
N/A
P/B Ratio
PPA
5.93
JBND
N/A
PPA vs JBND - Historical Returns
Returns include dividend reinvestment.
1M
PPA
-4.28%
Winner
JBND
-0.41%
3M
PPA
-3.32%
Winner
JBND
-0.32%
6M
PPA
-6.55%
Winner
JBND
+0.28%
1Y
Winner
PPA
+16.77%
JBND
+4.77%
5Y(CAGR)
PPA
+18.84%
JBND
N/A
10Y(CAGR)
PPA
+16.98%
JBND
N/A
Max(CAGR)
Winner
PPA
+13.48%
JBND
+7.04%
PPA vs JBND - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PPA | JBND |
|---|---|---|
| 2026 | +4.86% | +0.41% |
| 2025 | +37.54% | +8.10% |
| 2024 | +26.23% | +3.61% |
| 2023 | +18.39% | +7.75% |
| 2022 | +8.80% | N/A |
| 2021 | +10.86% | N/A |
| 2020 | -1.43% | N/A |
| 2019 | +39.54% | N/A |
| 2018 | -7.59% | N/A |
| 2017 | +28.95% | N/A |
| 2016 | +20.62% | N/A |
| 2015 | +4.24% | N/A |
| 2014 | +14.18% | N/A |
| 2013 | +46.90% | N/A |
| 2012 | +15.91% | N/A |
| 2011 | -2.54% | N/A |
| 2010 | +8.47% | N/A |
| 2009 | +18.19% | N/A |
| 2008 | -36.19% | N/A |
| 2007 | +21.82% | N/A |
| 2006 | +19.17% | N/A |
| 2005 | +3.96% | N/A |
PPA vs JBND Drawdown Comparison
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The maximum drawdown for JBND was -4.48%, occurring on Jan 13, 2025. Recovery took 137 trading sessions.
The current PPA drawdown is -8.95%. The current JBND drawdown is -1.69%.
| Rank | PPA | JBND |
|---|---|---|
| #1 | -57.37% Oct 9, 2007 - Mar 13, 2013 | -4.48% Sep 16, 2024 - Apr 3, 2025 |
| #2 | -43.91% Feb 12, 2020 - Apr 1, 2021 | -3.23% Feb 1, 2024 - Jun 13, 2024 |
| #3 | -24.74% Oct 3, 2018 - Apr 30, 2019 | -2.94% Feb 27, 2026 - May 19, 2026 |
| #4 | -18.38% Mar 25, 2022 - Nov 10, 2022 | -2.62% Apr 4, 2025 - Jun 26, 2025 |
| #5 | -15.24% Feb 24, 2015 - Apr 27, 2016 | -1.94% Oct 13, 2023 - Nov 2, 2023 |
| #6 | -15.24% Nov 11, 2024 - May 2, 2025 | -1.49% Dec 27, 2023 - Feb 1, 2024 |
| #7 | -13.71% Mar 2, 2026 - Mar 30, 2026 | -1.24% Jun 18, 2024 - Jul 5, 2024 |
| #8 | -12.72% Jun 8, 2021 - Feb 28, 2022 | -1.14% Jul 1, 2025 - Jul 29, 2025 |
| #9 | -11.64% Apr 20, 2006 - Oct 13, 2006 | -1.11% Oct 22, 2025 - Nov 25, 2025 |
| #10 | -9.60% Jun 9, 2014 - Oct 31, 2014 | -1.09% Aug 5, 2024 - Aug 20, 2024 |
| #11 | -8.64% Aug 1, 2023 - Nov 14, 2023 | -0.87% Nov 26, 2025 - Jan 14, 2026 |
| #12 | -8.42% Oct 8, 2025 - Dec 22, 2025 | -0.75% Jul 17, 2024 - Jul 30, 2024 |
| #13 | -7.92% Apr 19, 2018 - Jul 31, 2018 | -0.72% Sep 16, 2025 - Oct 10, 2025 |
| #14 | -7.69% Jul 19, 2007 - Sep 18, 2007 | -0.70% Jan 14, 2026 - Feb 5, 2026 |
| #15 | -6.95% Feb 1, 2018 - Feb 26, 2018 | -0.58% Nov 8, 2023 - Nov 14, 2023 |
Correlation
Correlation between PPA and JBND is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2005 - 2026)
PPA vs JBND dividend yield comparison.
| Year | PPA | JBND |
|---|---|---|
| 2026 | 0.11% | 2.17% |
| 2025 | 0.42% | 4.42% |
| 2024 | 0.61% | 4.58% |
| 2023 | 0.67% | 1.00% |
| 2022 | 0.83% | 0.00% |
| 2021 | 0.59% | 0.00% |
| 2020 | 0.88% | 0.00% |
| 2019 | 0.95% | 0.00% |
| 2018 | 0.90% | 0.00% |
| 2017 | 0.67% | 0.00% |
| 2016 | 1.70% | 0.00% |
| 2015 | 1.41% | 0.00% |
| 2014 | 0.62% | 0.00% |
| 2013 | 1.26% | 0.00% |
| 2012 | 2.12% | 0.00% |
| 2011 | 1.09% | 0.00% |
| 2010 | 0.83% | 0.00% |
| 2009 | 1.18% | 0.00% |
| 2008 | 1.03% | 0.00% |
| 2007 | 0.24% | 0.00% |
| 2006 | 0.27% | 0.00% |
| 2005 | 0.14% | 0.00% |
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