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PPA vs XBI

Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and STATE STREET(R) SPDR(R) S&P(R) BIOTECH ETF (XBI, ETF).

PPA is from the Industrials sector, while XBI is from the Healthcare sector.

5-Year PerformancePPA has outperformed XBI, delivering a return of +18.6% compared to +0.5%

PPA vs XBI - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
PPA
$8.40B
XBI
$8.40B
Expense Ratio
PPA
0.58%
Winner
XBI
0.35%
Max Drawdown
Winner
PPA
57.80%
XBI
63.90%
Sharpe Ratio
PPA
1.18
Winner
XBI
1.77
5Y Beta
Winner
PPA
0.87
XBI
0.98
P/E Ratio
PPA
46.49
Winner
XBI
-9.04
Forward P/E
PPA
28.75
Winner
XBI
11.52
PEG Ratio
PPA
0.81
XBI
N/A
5Y Dividends CAGR
PPA
-0.76%
Winner
XBI
9.74%
5Y EPS CAGR
Winner
PPA
12.41%
XBI
4.65%
Debt to Equity
PPA
131.57%
Winner
XBI
25.46%
P/S Ratio
Winner
PPA
3.10
XBI
7.97
P/B Ratio
PPA
6.97
Winner
XBI
4.55

PPA vs XBI - Holdings Comparison

PPA and XBI have 1 common holdings. Overlap is 0.00%

PPA's top 25 holdings weight is 159.09%. XBI's top 25 holdings weight is 34.31%.

RankPPAXBI
#1
BOEING CO (BA) - 16.80%
REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 1.83%
#2
GE AEROSPACE (GE) - 16.68%
TWIST BIOSCIENCE CORP (TWST) - 1.80%
#3
RTX CORP (RTX) - 13.68%
ALKERMES PLC (ALKS) - 1.79%
#4
LOCKHEED MARTIN CORP (LMT) - 12.28%
TRAVERE THERAPEUTICS INC ORDINARY SHARES (TVTX) - 1.75%
#5
HONEYWELL INTERNATIONAL INC (HON) - 9.34%
TG THERAPEUTICS INC (TGTX) - 1.57%
#6
GENERAL DYNAMICS CORP (GD) - 8.60%
ARROWHEAD PHARMACEUTICALS INC (ARWR) - 1.47%
#7
HOWMET AEROSPACE INC (HWM) - 8.36%
NEUROCRINE BIOSCIENCES INC (NBIX) - 1.44%
#8
ROCKET LAB CORP (RKLB) - 8.02%
EXELIXIS INC (EXEL) - 1.40%
#9
NORTHROP GRUMMAN CORP (NOC) - 8.00%
KRYSTAL BIOTECH INC (KRYS) - 1.38%
#10
ELBIT SYSTEMS LTD (n/a) - 7.02%
CYTOKINETICS INC (CYTK) - 1.34%
#11
L3HARRIS TECHNOLOGIES INC (LHX) - 7.02%
BEAM THERAPEUTICS INC (BEAM) - 1.34%
#12
PARKER HANNIFIN CORP (PH) - 6.66%
VERACYTE INC (VCYT) - 1.33%
#13
TRANSDIGM GROUP INC (TDG) - 5.46%
NATERA INC (NTRA) - 1.30%
#14
AMPHENOL CORP CLASS A (APH) - 4.56%
APOGEE THERAPEUTICS INC (APGE) - 1.27%
#15
EATON CORP PLC (ETN) - 4.40%
MADRIGAL PHARMACEUTICALS INC (MDGL) - 1.26%
#16
AXON ENTERPRISE INC (AXON) - 3.96%
PTC THERAPEUTICS INC (PTCT) - 1.25%
#17
CURTISS-WRIGHT CORP (CW) - 3.36%
SCHOLAR ROCK HOLDING CORP (SRRK) - 1.25%
#18
ATI INC (ATI) - 3.02%
CRISPR THERAPEUTICS AG (CRSP) - 1.25%
#19
CARPENTER TECHNOLOGY CORP (CRS) - 2.98%
MIRUM PHARMACEUTICALS INC (MIRM) - 1.21%
#20
HEICO CORP (HEI) - 2.94%
HALOZYME THERAPEUTICS INC (HALO) - 1.20%
#21
PLANET LABS PBC CLASS A (PL) - 1.32%
BIOGEN INC (BIIB) - 1.19%
#22
PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.30%
UNITED THERAPEUTICS CORP (UTHR) - 1.19%
#23
WOODWARD INC (WWD) - 1.18%
INCYTE CORP (INCY) - 1.17%
#24
TEXTRON INC (TXT) - 1.13%
IONIS PHARMACEUTICALS INC (IONS) - 1.17%
#25
BWX TECHNOLOGIES INC (BWXT) - 1.02%
PROTAGONIST THERAPEUTICS INC (PTGX) - 1.16%
Total Holdings60152

PPA vs XBI - Historical Returns

Returns include dividend reinvestment.

1M
Winner
PPA
+6.82%
XBI
+4.37%
3M
PPA
+0.31%
Winner
XBI
+10.08%
6M
Winner
PPA
+13.96%
XBI
+11.40%
1Y
PPA
+29.96%
Winner
XBI
+64.20%
5Y(CAGR)
Winner
PPA
+18.63%
XBI
+0.55%
10Y(CAGR)
Winner
PPA
+17.83%
XBI
+9.72%
Max(CAGR)
Winner
PPA
+13.76%
XBI
+11.26%

PPA vs XBI - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

YearPPAXBI
2026+9.13%+12.24%
2025+37.54%+33.70%
2024+26.23%-0.05%
2023+18.39%+9.54%
2022+8.80%-28.10%
2021+10.86%-20.55%
2020-1.43%+49.01%
2019+39.54%+30.54%
2018-7.59%-17.55%
2017+28.95%+42.81%
2016+20.62%-12.49%
2015+4.24%+12.40%
2014+14.18%+44.27%
2013+46.90%+42.97%
2012+15.91%+32.95%
2011-2.54%+3.91%
2010+8.47%+15.74%
2009+18.19%-0.82%
2008-36.19%-8.58%
2007+21.82%+30.24%
2006+19.17%-6.48%
2005+3.96%N/A

PPA vs XBI Drawdown Comparison

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

The maximum drawdown for XBI was -63.89%, occurring on May 11, 2022. This drawdown has not yet recovered.

The current PPA drawdown is -5.24%. The current XBI drawdown is -21.17%.

RankPPAXBI
#1-57.37%
Oct 9, 2007 - Mar 13, 2013		-63.89%
Feb 8, 2021 - May 11, 2022
#2-43.91%
Feb 12, 2020 - Apr 1, 2021		-49.25%
Jul 17, 2015 - Jan 12, 2018
#3-24.74%
Oct 3, 2018 - Apr 30, 2019		-37.67%
Aug 14, 2008 - Apr 14, 2011
#4-18.38%
Mar 25, 2022 - Nov 10, 2022		-35.26%
Jun 20, 2018 - May 11, 2020
#5-15.24%
Feb 24, 2015 - Apr 27, 2016		-29.06%
Feb 27, 2014 - Oct 28, 2014
#6-15.24%
Nov 11, 2024 - May 2, 2025		-26.72%
Jul 22, 2011 - Jan 27, 2012
#7-13.71%
Mar 2, 2026 - Mar 30, 2026		-22.71%
Dec 6, 2007 - Jul 15, 2008
#8-12.72%
Jun 8, 2021 - Feb 28, 2022		-21.93%
Feb 27, 2006 - Aug 8, 2007
#9-11.64%
Apr 20, 2006 - Oct 13, 2006		-15.10%
Sep 21, 2012 - Jan 14, 2013
#10-9.60%
Jun 9, 2014 - Oct 31, 2014		-14.51%
Jan 29, 2018 - Jun 5, 2018
#11-8.64%
Aug 1, 2023 - Nov 14, 2023		-13.70%
Jul 20, 2020 - Oct 12, 2020
#12-8.42%
Oct 8, 2025 - Dec 22, 2025		-13.36%
Oct 2, 2013 - Jan 7, 2014
#13-7.92%
Apr 19, 2018 - Jul 31, 2018		-13.21%
Mar 19, 2015 - May 29, 2015
#14-7.69%
Jul 19, 2007 - Sep 18, 2007		-11.51%
Jan 21, 2014 - Feb 20, 2014
#15-6.95%
Feb 1, 2018 - Feb 26, 2018		-10.38%
May 30, 2013 - Jul 10, 2013

Correlation

Correlation between PPA and XBI is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79
-101

Dividend Comparison (2005 - 2026)

PPA vs XBI dividend yield comparison.

YearPPAXBI
20260.03%0.00%
20250.42%0.37%
20240.61%0.15%
20230.67%0.02%
20220.83%0.00%
20210.59%0.04%
20200.88%0.20%
20190.95%0.00%
20180.90%0.28%
20170.67%0.24%
20161.70%0.26%
20151.41%0.61%
20140.62%1.07%
20131.26%0.17%
20122.12%0.22%
20111.09%0.00%
20100.83%0.00%
20091.18%0.28%
20081.03%1.27%
20070.24%0.26%
20060.27%0.00%
20050.14%0.00%

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