PPA vs SSO
Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and PROSHARES ULTRA S&P500 (SSO, ETF).
5-Year PerformanceSSO has outperformed PPA, delivering a return of +19.4% compared to +18.6%
PPA vs SSO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PPA
$8.40B
SSO
$8.40B
Expense Ratio
PPA
0.58%
SSO
N/A
Max Drawdown
Winner
PPA
57.80%
SSO
85.48%
Sharpe Ratio
PPA
1.18
Winner
SSO
1.49
5Y Beta
Winner
PPA
0.87
SSO
1.94
P/E Ratio
PPA
46.49
Winner
SSO
27.40
Forward P/E
PPA
28.75
Winner
SSO
21.21
PEG Ratio
PPA
0.81
SSO
N/A
5Y Dividends CAGR
PPA
-0.76%
Winner
SSO
51.80%
5Y EPS CAGR
PPA
12.41%
Winner
SSO
28.03%
Debt to Equity
PPA
131.57%
Winner
SSO
27.08%
P/S Ratio
Winner
PPA
3.10
SSO
3.63
P/B Ratio
PPA
6.97
Winner
SSO
5.39
PPA vs SSO - Holdings Comparison
PPA and SSO have 17 common holdings. Overlap is 1.52%
PPA's top 25 holdings weight is 159.09%. SSO's top 25 holdings weight is 53.69%.
| Rank | PPA | SSO |
|---|---|---|
| #1 | BOEING CO (BA) - 16.80% | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 17.12% |
| #2 | GE AEROSPACE (GE) - 16.68% | NVIDIA CORP (NVDA) - 5.33% |
| #3 | RTX CORP (RTX) - 13.68% | APPLE INC (AAPL) - 4.68% |
| #4 | LOCKHEED MARTIN CORP (LMT) - 12.28% | MICROSOFT CORP (MSFT) - 3.23% |
| #5 | HONEYWELL INTERNATIONAL INC (HON) - 9.34% | AMAZON.COM INC (AMZN) - 2.54% |
| #6 | GENERAL DYNAMICS CORP (GD) - 8.60% | ALPHABET INC CLASS A (GOOGL) - 2.28% |
| #7 | HOWMET AEROSPACE INC (HWM) - 8.36% | BROADCOM INC (AVGO) - 1.93% |
| #8 | ROCKET LAB CORP (RKLB) - 8.02% | CASH (n/a) - 1.89% |
| #9 | NORTHROP GRUMMAN CORP (NOC) - 8.00% | ALPHABET INC CLASS C (GOOG) - 1.83% |
| #10 | ELBIT SYSTEMS LTD (n/a) - 7.02% | S&P 500 INDEX SWAP (n/a) - 1.58% |
| #11 | L3HARRIS TECHNOLOGIES INC (LHX) - 7.02% | META PLATFORMS INC CLASS A (META) - 1.37% |
| #12 | PARKER HANNIFIN CORP (PH) - 6.66% | TESLA INC (TSLA) - 1.17% |
| #13 | TRANSDIGM GROUP INC (TDG) - 5.46% | MICRON TECHNOLOGY INC (MU) - 1.10% |
| #14 | AMPHENOL CORP CLASS A (APH) - 4.56% | E-MINI S&P 500 FUTURE JUNE 26 (n/a) - 1.04% |
| #15 | EATON CORP PLC (ETN) - 4.40% | ELI LILLY AND CO (LLY) - 0.99% |
| #16 | AXON ENTERPRISE INC (AXON) - 3.96% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.97% |
| #17 | CURTISS-WRIGHT CORP (CW) - 3.36% | SPDR S&P 500 (SPY) SWAP (n/a) - 0.95% |
| #18 | ATI INC (ATI) - 3.02% | JPMORGAN CHASE & CO (JPM) - 0.91% |
| #19 | CARPENTER TECHNOLOGY CORP (CRS) - 2.98% | CTE PROSHARES TRUST M (n/a) - 0.83% |
| #20 | HEICO CORP (HEI) - 2.94% | ADVANCED MICRO DEVICES INC (AMD) - 0.81% |
| #21 | PLANET LABS PBC CLASS A (PL) - 1.32% | CITIGROUP INC (C) - 0.25% |
| #22 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.30% | PALO ALTO NETWORKS INC (PANW) - 0.23% |
| #23 | WOODWARD INC (WWD) - 1.18% | VERIZON COMMUNICATIONS INC (VZ) - 0.22% |
| #24 | TEXTRON INC (TXT) - 1.13% | PEPSICO INC (PEP) - 0.22% |
| #25 | BWX TECHNOLOGIES INC (BWXT) - 1.02% | MCDONALD'S CORP (MCD) - 0.22% |
| Total Holdings | 60 | 458 |
PPA vs SSO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PPA
+6.82%
SSO
+3.60%
3M
PPA
+0.31%
Winner
SSO
+25.51%
6M
PPA
+13.96%
Winner
SSO
+19.82%
1Y
PPA
+29.96%
Winner
SSO
+49.38%
5Y(CAGR)
PPA
+18.63%
Winner
SSO
+19.36%
10Y(CAGR)
PPA
+17.83%
Winner
SSO
+24.49%
Max(CAGR)
PPA
+13.76%
Winner
SSO
+15.84%
PPA vs SSO - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PPA | SSO |
|---|---|---|
| 2026 | +9.13% | +18.71% |
| 2025 | +37.54% | +26.86% |
| 2024 | +26.23% | +45.19% |
| 2023 | +18.39% | +47.99% |
| 2022 | +8.80% | -39.69% |
| 2021 | +10.86% | +65.07% |
| 2020 | -1.43% | +19.38% |
| 2019 | +39.54% | +63.26% |
| 2018 | -7.59% | -15.76% |
| 2017 | +28.95% | +42.26% |
| 2016 | +20.62% | +25.14% |
| 2015 | +4.24% | -1.06% |
| 2014 | +14.18% | +27.99% |
| 2013 | +46.90% | +62.55% |
| 2012 | +15.91% | +27.12% |
| 2011 | -2.54% | -4.74% |
| 2010 | +8.47% | +22.88% |
| 2009 | +18.19% | +38.70% |
| 2008 | -36.19% | -67.25% |
| 2007 | +21.82% | +1.74% |
| 2006 | +19.17% | +25.97% |
| 2005 | +3.96% | N/A |
PPA vs SSO Drawdown Comparison
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The maximum drawdown for SSO was -84.67%, occurring on Mar 9, 2009. Recovery took 1520 trading sessions.
The current PPA drawdown is -5.24%. The current SSO drawdown is -1.64%.
| Rank | PPA | SSO |
|---|---|---|
| #1 | -57.37% Oct 9, 2007 - Mar 13, 2013 | -84.67% Oct 9, 2007 - Oct 22, 2013 |
| #2 | -43.91% Feb 12, 2020 - Apr 1, 2021 | -59.34% Feb 19, 2020 - Sep 2, 2020 |
| #3 | -24.74% Oct 3, 2018 - Apr 30, 2019 | -46.73% Jan 3, 2022 - Mar 1, 2024 |
| #4 | -18.38% Mar 25, 2022 - Nov 10, 2022 | -36.57% Sep 20, 2018 - Jul 2, 2019 |
| #5 | -15.24% Feb 24, 2015 - Apr 27, 2016 | -35.21% Feb 19, 2025 - Jul 3, 2025 |
| #6 | -15.24% Nov 11, 2024 - May 2, 2025 | -26.68% May 21, 2015 - Jul 11, 2016 |
| #7 | -13.71% Mar 2, 2026 - Mar 30, 2026 | -19.76% Jan 26, 2018 - Aug 27, 2018 |
| #8 | -12.72% Jun 8, 2021 - Feb 28, 2022 | -18.40% Sep 2, 2020 - Nov 16, 2020 |
| #9 | -11.64% Apr 20, 2006 - Oct 13, 2006 | -18.17% Jan 12, 2026 - Apr 16, 2026 |
| #10 | -9.60% Jun 9, 2014 - Oct 31, 2014 | -18.05% Jul 13, 2007 - Oct 9, 2007 |
| #11 | -8.64% Aug 1, 2023 - Nov 14, 2023 | -16.70% Jul 16, 2024 - Sep 19, 2024 |
| #12 | -8.42% Oct 8, 2025 - Dec 22, 2025 | -14.33% Sep 18, 2014 - Oct 31, 2014 |
| #13 | -7.92% Apr 19, 2018 - Jul 31, 2018 | -12.06% Jul 26, 2019 - Oct 28, 2019 |
| #14 | -7.69% Jul 19, 2007 - Sep 18, 2007 | -11.98% Feb 20, 2007 - Apr 16, 2007 |
| #15 | -6.95% Feb 1, 2018 - Feb 26, 2018 | -11.49% Dec 31, 2013 - Feb 27, 2014 |
Correlation
Correlation between PPA and SSO is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2005 - 2026)
PPA vs SSO dividend yield comparison.
| Year | PPA | SSO |
|---|---|---|
| 2026 | 0.03% | 0.17% |
| 2025 | 0.42% | 0.68% |
| 2024 | 0.61% | 0.85% |
| 2023 | 0.67% | 0.18% |
| 2022 | 0.83% | 0.50% |
| 2021 | 0.59% | 0.18% |
| 2020 | 0.88% | 0.20% |
| 2019 | 0.95% | 0.50% |
| 2018 | 0.90% | 0.75% |
| 2017 | 0.67% | 0.39% |
| 2016 | 1.70% | 0.51% |
| 2015 | 1.41% | 0.63% |
| 2014 | 0.62% | 0.33% |
| 2013 | 1.26% | 0.26% |
| 2012 | 2.12% | 0.71% |
| 2011 | 1.09% | 0.56% |
| 2010 | 0.83% | 0.78% |
| 2009 | 1.18% | 0.77% |
| 2008 | 1.03% | 2.14% |
| 2007 | 0.24% | 5.34% |
| 2006 | 0.27% | 4.40% |
| 2005 | 0.14% | 0.00% |
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