PPA vs SGOL

Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and abrdn Physical Gold Shares ETF (SGOL, ETF).

5-Year PerformanceSGOL has outperformed PPA, delivering a return of +20.7% compared to +17.9%

PPA vs SGOL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PPA(ETF)	SGOL(ETF)
Net Assets	$7.90B	$7.90B
Expense Ratio	0.58%	0.17%
Max Drawdown	57.80%	45.51%
Sharpe Ratio	1.53	1.26
5Y Beta	0.85	0.18
P/E Ratio	45.44	N/A
Forward P/E	27.94	N/A
PEG Ratio	0.65	N/A
5Y Dividends CAGR	-0.76%	N/A
5Y EPS CAGR	12.58%	N/A
Debt to Equity	130.12%	N/A
P/S Ratio	2.74	N/A
P/B Ratio	6.06	N/A

Net Assets

PPA

$7.90B

SGOL

$7.90B

Expense Ratio

PPA

0.58%

Winner

SGOL

0.17%

Max Drawdown

PPA

57.80%

Winner

SGOL

45.51%

Sharpe Ratio

Winner

PPA

1.53

SGOL

1.26

5Y Beta

PPA

0.85

Winner

SGOL

0.18

P/E Ratio

PPA

45.44

SGOL

N/A

Forward P/E

PPA

27.94

SGOL

N/A

PEG Ratio

PPA

0.65

SGOL

N/A

5Y Dividends CAGR

PPA

-0.76%

SGOL

N/A

5Y EPS CAGR

PPA

12.58%

SGOL

N/A

Debt to Equity

PPA

130.12%

SGOL

N/A

P/S Ratio

PPA

2.74

SGOL

N/A

P/B Ratio

PPA

6.06

SGOL

N/A

PPA vs SGOL - Historical Returns

Returns include dividend reinvestment.

Period	PPA	SGOL
1 month	-4.92%	-0.18%
3 months	-5.21%	-7.05%
6 months	+9.34%	+17.87%
1 year	+33.01%	+42.64%
5 years(CAGR)	+17.87%	+20.65%
10 years(CAGR)	+17.53%	+13.85%
Max(CAGR)	+13.57%	+9.51%

PPA

-4.92%

Winner

SGOL

-0.18%

Winner

PPA

-5.21%

SGOL

-7.05%

PPA

+9.34%

Winner

SGOL

+17.87%

PPA

+33.01%

Winner

SGOL

+42.64%

5Y(CAGR)

PPA

+17.87%

Winner

SGOL

+20.65%

10Y(CAGR)

Winner

PPA

+17.53%

SGOL

+13.85%

Max(CAGR)

Winner

PPA

+13.57%

SGOL

+9.51%

PPA vs SGOL - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	PPA	SGOL
2026	+4.04%	+8.99%
2025	+37.54%	+61.80%
2024	+26.23%	+27.29%
2023	+18.39%	+12.16%
2022	+8.80%	+0.98%
2021	+10.86%	-6.05%
2020	-1.43%	+24.27%
2019	+39.54%	+18.07%
2018	-7.59%	-3.08%
2017	+28.95%	+12.01%
2016	+20.62%	+6.54%
2015	+4.24%	-11.03%
2014	+14.18%	-3.67%
2013	+46.90%	-28.85%
2012	+15.91%	+3.87%
2011	-2.54%	+10.17%
2010	+8.47%	+26.32%
2009	+18.19%	+10.54%
2008	-36.19%	N/A
2007	+21.82%	N/A
2006	+19.17%	N/A
2005	+3.96%	N/A

PPA vs SGOL Drawdown Comparison

The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.

The maximum drawdown for SGOL was -45.51%, occurring on Dec 17, 2015. Recovery took 2247 trading sessions.

The current PPA drawdown is -9.66%. The current SGOL drawdown is -12.49%.

Rank	PPA	SGOL
#1	-57.37% Oct 9, 2007 - Mar 13, 2013	-45.51% Aug 22, 2011 - Jul 28, 2020
#2	-43.91% Feb 12, 2020 - Apr 1, 2021	-21.56% Aug 6, 2020 - Dec 27, 2023
#3	-24.74% Oct 3, 2018 - Apr 30, 2019	-19.14% Jan 29, 2026 - Mar 26, 2026
#4	-18.38% Mar 25, 2022 - Nov 10, 2022	-12.65% Dec 2, 2009 - May 11, 2010
#5	-15.24% Feb 24, 2015 - Apr 27, 2016	-10.06% Oct 20, 2025 - Dec 22, 2025
#6	-15.24% Nov 11, 2024 - May 2, 2025	-8.11% Oct 30, 2024 - Jan 30, 2025
#7	-13.71% Mar 2, 2026 - Mar 30, 2026	-8.07% Dec 6, 2010 - Mar 1, 2011
#8	-12.72% Jun 8, 2021 - Feb 28, 2022	-7.61% Jun 18, 2010 - Sep 14, 2010
#9	-11.64% Apr 20, 2006 - Oct 13, 2006	-7.13% Apr 21, 2025 - Jun 13, 2025
#10	-9.60% Jun 9, 2014 - Oct 31, 2014	-5.85% Apr 29, 2011 - Jul 12, 2011
#11	-8.64% Aug 1, 2023 - Nov 14, 2023	-5.69% May 20, 2024 - Jul 16, 2024
#12	-8.42% Oct 8, 2025 - Dec 22, 2025	-5.33% Nov 8, 2010 - Dec 3, 2010
#13	-7.92% Apr 19, 2018 - Jul 31, 2018	-5.13% May 12, 2010 - Jun 17, 2010
#14	-7.69% Jul 19, 2007 - Sep 18, 2007	-4.89% Dec 26, 2025 - Jan 12, 2026
#15	-6.95% Feb 1, 2018 - Feb 26, 2018	-4.80% Mar 31, 2025 - Apr 10, 2025