PPA vs VIS
Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and VANGUARD INDUSTRIALS INDEX FUND ETF SHARES (VIS, ETF).
Both PPA and VIS are from the Industrials sector.
5-Year PerformancePPA has outperformed VIS, delivering a return of +18.6% compared to +13.5%
PPA vs VIS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PPA
$8.40B
VIS
$8.40B
Expense Ratio
PPA
0.58%
Winner
VIS
0.09%
Max Drawdown
Winner
PPA
57.80%
VIS
64.92%
Sharpe Ratio
PPA
1.18
Winner
VIS
1.27
5Y Beta
Winner
PPA
0.87
VIS
0.96
P/E Ratio
PPA
46.49
Winner
VIS
33.51
Forward P/E
PPA
28.75
Winner
VIS
25.13
PEG Ratio
PPA
0.81
VIS
N/A
5Y Dividends CAGR
PPA
-0.76%
Winner
VIS
17.53%
5Y EPS CAGR
Winner
PPA
12.41%
VIS
12.14%
Debt to Equity
PPA
131.57%
Winner
VIS
65.01%
P/S Ratio
PPA
3.10
Winner
VIS
2.64
P/B Ratio
PPA
6.97
Winner
VIS
6.05
PPA vs VIS - Holdings Comparison
PPA and VIS have 47 common holdings. Overlap is 27.94%
PPA's top 25 holdings weight is 159.09%. VIS's top 25 holdings weight is 50.77%.
| Rank | PPA | VIS |
|---|---|---|
| #1 | BOEING CO (BA) - 16.80% | CATERPILLAR INC (CAT) - 5.88% |
| #2 | GE AEROSPACE (GE) - 16.68% | GE AEROSPACE (GE) - 4.32% |
| #3 | RTX CORP (RTX) - 13.68% | GE VERNOVA INC (GEV) - 4.15% |
| #4 | LOCKHEED MARTIN CORP (LMT) - 12.28% | RTX CORP (RTX) - 3.33% |
| #5 | HONEYWELL INTERNATIONAL INC (HON) - 9.34% | BOEING CO (BA) - 2.53% |
| #6 | GENERAL DYNAMICS CORP (GD) - 8.60% | EATON CORP PLC (ETN) - 2.37% |
| #7 | HOWMET AEROSPACE INC (HWM) - 8.36% | DEERE & CO (DE) - 2.14% |
| #8 | ROCKET LAB CORP (RKLB) - 8.02% | UBER TECHNOLOGIES INC (UBER) - 2.08% |
| #9 | NORTHROP GRUMMAN CORP (NOC) - 8.00% | UNION PACIFIC CORP (UNP) - 1.93% |
| #10 | ELBIT SYSTEMS LTD (n/a) - 7.02% | HONEYWELL INTERNATIONAL INC (HON) - 1.92% |
| #11 | L3HARRIS TECHNOLOGIES INC (LHX) - 7.02% | VERTIV HOLDINGS CO CLASS A (VRT) - 1.68% |
| #12 | PARKER HANNIFIN CORP (PH) - 6.66% | PARKER HANNIFIN CORP (PH) - 1.62% |
| #13 | TRANSDIGM GROUP INC (TDG) - 5.46% | TRANE TECHNOLOGIES PLC CLASS A (TT) - 1.54% |
| #14 | AMPHENOL CORP CLASS A (APH) - 4.56% | QUANTA SERVICES INC (PWR) - 1.53% |
| #15 | EATON CORP PLC (ETN) - 4.40% | LOCKHEED MARTIN CORP (LMT) - 1.52% |
| #16 | AXON ENTERPRISE INC (AXON) - 3.96% | WASTE MANAGEMENT INC (WM) - 1.32% |
| #17 | CURTISS-WRIGHT CORP (CW) - 3.36% | HOWMET AEROSPACE INC (HWM) - 1.31% |
| #18 | ATI INC (ATI) - 3.02% | CUMMINS INC (CMI) - 1.31% |
| #19 | CARPENTER TECHNOLOGY CORP (CRS) - 2.98% | FEDEX CORP (FDX) - 1.27% |
| #20 | HEICO CORP (HEI) - 2.94% | n/a (JCI) - 1.26% |
| #21 | PLANET LABS PBC CLASS A (PL) - 1.32% | AUTOMATIC DATA PROCESSING INC (ADP) - 1.21% |
| #22 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.30% | CSX CORP (CSX) - 1.19% |
| #23 | WOODWARD INC (WWD) - 1.18% | UNITED PARCEL SERVICE INC CLASS B (UPS) - 1.13% |
| #24 | TEXTRON INC (TXT) - 1.13% | GENERAL DYNAMICS CORP (GD) - 1.12% |
| #25 | BWX TECHNOLOGIES INC (BWXT) - 1.02% | NORTHROP GRUMMAN CORP (NOC) - 1.11% |
| Total Holdings | 60 | 389 |
PPA vs VIS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PPA
+6.82%
VIS
+4.29%
3M
PPA
+0.31%
Winner
VIS
+9.42%
6M
PPA
+13.96%
Winner
VIS
+15.97%
1Y
Winner
PPA
+29.96%
VIS
+29.44%
5Y(CAGR)
Winner
PPA
+18.63%
VIS
+13.46%
10Y(CAGR)
Winner
PPA
+17.83%
VIS
+14.36%
Max(CAGR)
Winner
PPA
+13.76%
VIS
+11.14%
PPA vs VIS - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | PPA | VIS |
|---|---|---|
| 2026 | +9.13% | +14.84% |
| 2025 | +37.54% | +18.83% |
| 2024 | +26.23% | +18.12% |
| 2023 | +18.39% | +22.19% |
| 2022 | +8.80% | -8.00% |
| 2021 | +10.86% | +23.59% |
| 2020 | -1.43% | +10.50% |
| 2019 | +39.54% | +29.54% |
| 2018 | -7.59% | -14.61% |
| 2017 | +28.95% | +20.68% |
| 2016 | +20.62% | +22.33% |
| 2015 | +4.24% | -3.34% |
| 2014 | +14.18% | +9.87% |
| 2013 | +46.90% | +38.60% |
| 2012 | +15.91% | +14.90% |
| 2011 | -2.54% | -3.14% |
| 2010 | +8.47% | +24.99% |
| 2009 | +18.19% | +17.66% |
| 2008 | -36.19% | -38.84% |
| 2007 | +21.82% | +12.73% |
| 2006 | +19.17% | +15.04% |
| 2005 | +3.96% | +6.29% |
| 2004 | N/A | +12.23% |
PPA vs VIS Drawdown Comparison
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The maximum drawdown for VIS was -63.49%, occurring on Mar 9, 2009. Recovery took 1308 trading sessions.
The current PPA drawdown is -5.24%.
| Rank | PPA | VIS |
|---|---|---|
| #1 | -57.37% Oct 9, 2007 - Mar 13, 2013 | -63.49% Oct 9, 2007 - Dec 18, 2012 |
| #2 | -43.91% Feb 12, 2020 - Apr 1, 2021 | -42.43% Feb 12, 2020 - Nov 9, 2020 |
| #3 | -24.74% Oct 3, 2018 - Apr 30, 2019 | -24.39% Sep 21, 2018 - Jul 24, 2019 |
| #4 | -18.38% Mar 25, 2022 - Nov 10, 2022 | -22.97% Nov 16, 2021 - Jun 29, 2023 |
| #5 | -15.24% Feb 24, 2015 - Apr 27, 2016 | -20.79% Nov 29, 2024 - Jun 27, 2025 |
| #6 | -15.24% Nov 11, 2024 - May 2, 2025 | -15.94% Feb 24, 2015 - Apr 27, 2016 |
| #7 | -13.71% Mar 2, 2026 - Mar 30, 2026 | -13.44% May 9, 2006 - Dec 27, 2006 |
| #8 | -12.72% Jun 8, 2021 - Feb 28, 2022 | -13.27% Aug 1, 2023 - Dec 12, 2023 |
| #9 | -11.64% Apr 20, 2006 - Oct 13, 2006 | -12.29% Mar 2, 2026 - May 6, 2026 |
| #10 | -9.60% Jun 9, 2014 - Oct 31, 2014 | -11.59% Jun 9, 2014 - Nov 6, 2014 |
| #11 | -8.64% Aug 1, 2023 - Nov 14, 2023 | -10.90% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.42% Oct 8, 2025 - Dec 22, 2025 | -10.86% Jan 26, 2018 - Sep 18, 2018 |
| #13 | -7.92% Apr 19, 2018 - Jul 31, 2018 | -7.76% Jul 24, 2019 - Sep 13, 2019 |
| #14 | -7.69% Jul 19, 2007 - Sep 18, 2007 | -7.53% Mar 7, 2005 - Nov 10, 2005 |
| #15 | -6.95% Feb 1, 2018 - Feb 26, 2018 | -7.26% Jan 15, 2014 - Mar 4, 2014 |
Correlation
Correlation between PPA and VIS is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2004 - 2026)
PPA vs VIS dividend yield comparison.
| Year | PPA | VIS |
|---|---|---|
| 2026 | 0.03% | 0.23% |
| 2025 | 0.42% | 1.01% |
| 2024 | 0.61% | 1.23% |
| 2023 | 0.67% | 1.36% |
| 2022 | 0.83% | 1.52% |
| 2021 | 0.59% | 1.11% |
| 2020 | 0.88% | 1.38% |
| 2019 | 0.95% | 1.68% |
| 2018 | 0.90% | 1.90% |
| 2017 | 0.67% | 1.60% |
| 2016 | 1.70% | 1.81% |
| 2015 | 1.41% | 1.94% |
| 2014 | 0.62% | 1.57% |
| 2013 | 1.26% | 1.06% |
| 2012 | 2.12% | 2.09% |
| 2011 | 1.09% | 1.96% |
| 2010 | 0.83% | 1.31% |
| 2009 | 1.18% | 1.39% |
| 2008 | 1.03% | 2.59% |
| 2007 | 0.24% | 1.34% |
| 2006 | 0.27% | 1.14% |
| 2005 | 0.14% | 0.79% |
| 2004 | 0.00% | 0.58% |
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