PPA vs XLB
Comparison between INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF) and STATE STREET(R) MATERIALS SELECT SECTOR SPDR(R) ETF (XLB, ETF).
PPA is from the Industrials sector, while XLB is from the Basic Materials sector.
5-Year PerformancePPA has outperformed XLB, delivering a return of +20.7% compared to +6.8%
PPA vs XLB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PPA
$8.30B
XLB
$8.30B
Expense Ratio
PPA
0.58%
Winner
XLB
0.08%
Max Drawdown
Winner
PPA
57.80%
XLB
60.72%
Sharpe Ratio
PPA
0.99
Winner
XLB
1.04
5Y Beta
PPA
0.87
Winner
XLB
0.80
P/E Ratio
PPA
45.68
Winner
XLB
33.18
Forward P/E
PPA
29.12
Winner
XLB
18.00
PEG Ratio
PPA
0.49
Winner
XLB
-0.02
5Y Dividends CAGR
Winner
PPA
7.34%
XLB
5.29%
5Y EPS CAGR
Winner
PPA
12.86%
XLB
9.92%
Debt to Equity
PPA
95.69%
Winner
XLB
43.63%
P/S Ratio
PPA
2.97
Winner
XLB
2.04
P/B Ratio
PPA
6.03
Winner
XLB
2.85
PPA vs XLB - Holdings Comparison
PPA and XLB have 1 common holdings. Overlap is 0.00%
PPA's top 25 holdings weight is 82.56%. XLB's top 25 holdings weight is 98.74%.
| Rank | PPA | XLB |
|---|---|---|
| #1 | RTX CORP (RTX) - 7.71% | LINDE PLC (LIN) - 14.10% |
| #2 | GE AEROSPACE (GE) - 6.91% | NEWMONT CORP (NEM) - 5.67% |
| #3 | BOEING CO (BA) - 6.80% | CORTEVA INC (CTVA) - 5.16% |
| #4 | LOCKHEED MARTIN CORP (LMT) - 6.01% | FREEPORT-MCMORAN INC (FCX) - 5.03% |
| #5 | GENERAL DYNAMICS CORP (GD) - 4.95% | AIR PRODUCTS AND CHEMICALS INC (APD) - 4.75% |
| #6 | NORTHROP GRUMMAN CORP (NOC) - 4.72% | SHERWIN-WILLIAMS CO (SHW) - 4.72% |
| #7 | HOWMET AEROSPACE INC (HWM) - 4.56% | ECOLAB INC (ECL) - 4.63% |
| #8 | HONEYWELL AEROSPACE INC (HONA) - 4.22% | VULCAN MATERIALS CO (VMC) - 4.56% |
| #9 | L3HARRIS TECHNOLOGIES INC (LHX) - 4.04% | MARTIN MARIETTA MATERIALS INC (MLM) - 4.44% |
| #10 | PARKER HANNIFIN CORP (PH) - 3.76% | CRH PLC (CRH) - 4.43% |
| #11 | ELBIT SYSTEMS LTD (n/a) - 3.51% | NUCOR CORP (NUE) - 4.08% |
| #12 | AXON ENTERPRISE INC (AXON) - 3.05% | STEEL DYNAMICS INC (STLD) - 3.81% |
| #13 | TRANSDIGM GROUP INC (TDG) - 3.01% | PPG INDUSTRIES INC (PPG) - 3.51% |
| #14 | AMPHENOL CORP CLASS A (APH) - 2.53% | SMURFIT WESTROCK PLC (SW) - 3.08% |
| #15 | EATON CORP PLC (ETN) - 2.16% | DOW INC (DOW) - 2.98% |
| #16 | CARPENTER TECHNOLOGY CORP (CRS) - 1.87% | PACKAGING CORP OF AMERICA (PKG) - 2.75% |
| #17 | CURTISS-WRIGHT CORP (CW) - 1.76% | AMCOR PLC ORDINARY SHARES (AMCR) - 2.72% |
| #18 | ROCKET LAB CORP (RKLB) - 1.73% | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 2.68% |
| #19 | ATI INC (ATI) - 1.67% | INTERNATIONAL PAPER CO (IP) - 2.61% |
| #20 | HEICO CORP (HEI) - 1.59% | CF INDUSTRIES HOLDINGS INC (CF) - 2.58% |
| #21 | WOODWARD INC (WWD) - 1.48% | DUPONT DE NEMOURS INC (DD) - 2.52% |
| #22 | n/a (PLTR) - 1.27% | BALL CORP (BALL) - 2.25% |
| #23 | TEXTRON INC (TXT) - 1.24% | LYONDELLBASELL INDUSTRIES NV CLASS A (LYB) - 2.13% |
| #24 | LEONARDO DRS INC (DRS) - 1.01% | ALBEMARLE CORP (ALB) - 1.90% |
| #25 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.00% | AVERY DENNISON CORP (AVY) - 1.65% |
| Total Holdings | 64 | 29 |
PPA vs XLB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PPA
+2.84%
XLB
+2.62%
3M
Winner
PPA
+10.35%
XLB
+3.23%
6M
Winner
PPA
+4.97%
XLB
+3.46%
1Y
Winner
PPA
+25.30%
XLB
+22.43%
5Y(CAGR)
Winner
PPA
+20.69%
XLB
+6.76%
10Y(CAGR)
Winner
PPA
+17.81%
XLB
+10.21%
Max(CAGR)
Winner
PPA
+13.90%
XLB
+8.12%
PPA vs XLB - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PPA | XLB |
|---|---|---|
| 2026 | +14.16% | +15.55% |
| 2025 | +37.54% | +11.15% |
| 2024 | +26.23% | +0.32% |
| 2023 | +18.39% | +12.57% |
| 2022 | +8.80% | -11.15% |
| 2021 | +10.86% | +28.67% |
| 2020 | -1.43% | +21.95% |
| 2019 | +39.54% | +23.50% |
| 2018 | -7.59% | -16.06% |
| 2017 | +28.95% | +23.29% |
| 2016 | +20.62% | +18.66% |
| 2015 | +4.24% | -8.81% |
| 2014 | +14.18% | +8.04% |
| 2013 | +46.90% | +22.92% |
| 2012 | +15.91% | +11.60% |
| 2011 | -2.54% | -11.64% |
| 2010 | +8.47% | +16.90% |
| 2009 | +18.19% | +42.96% |
| 2008 | -36.19% | -43.51% |
| 2007 | +21.82% | +22.87% |
| 2006 | +19.17% | +16.78% |
| 2005 | +3.96% | +5.14% |
| 2004 | N/A | +14.04% |
| 2003 | N/A | +33.88% |
| 2002 | N/A | -6.05% |
| 2001 | N/A | +4.21% |
| 2000 | N/A | -13.76% |
| 1999 | N/A | +11.31% |
PPA vs XLB Drawdown Comparison
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The maximum drawdown for XLB was -59.83%, occurring on Mar 2, 2009. Recovery took 1250 trading sessions.
The current PPA drawdown is -0.87%. The current XLB drawdown is -0.61%.
| Rank | PPA | XLB |
|---|---|---|
| #1 | -57.37% Oct 9, 2007 - Mar 13, 2013 | -59.83% May 20, 2008 - May 8, 2013 |
| #2 | -43.91% Feb 12, 2020 - Apr 1, 2021 | -37.25% Jan 26, 2018 - Jul 17, 2020 |
| #3 | -24.74% Oct 3, 2018 - Apr 30, 2019 | -36.56% Jan 6, 2000 - Dec 1, 2003 |
| #4 | -18.38% Mar 25, 2022 - Nov 10, 2022 | -26.87% Feb 24, 2015 - Dec 5, 2016 |
| #5 | -15.24% Feb 24, 2015 - Apr 27, 2016 | -24.73% Apr 20, 2022 - Feb 29, 2024 |
| #6 | -15.24% Nov 11, 2024 - May 2, 2025 | -23.17% Oct 18, 2024 - Jan 9, 2026 |
| #7 | -13.71% Mar 2, 2026 - Mar 30, 2026 | -16.84% Mar 4, 2005 - Jan 6, 2006 |
| #8 | -12.72% Jun 8, 2021 - Feb 28, 2022 | -15.78% Jul 19, 2007 - Oct 9, 2007 |
| #9 | -11.64% Apr 20, 2006 - Oct 13, 2006 | -15.48% May 10, 2006 - Nov 20, 2006 |
| #10 | -9.60% Jun 9, 2014 - Oct 31, 2014 | -15.02% Oct 31, 2007 - Apr 16, 2008 |
| #11 | -8.64% Aug 1, 2023 - Nov 14, 2023 | -12.38% Feb 11, 2026 - Mar 20, 2026 |
| #12 | -8.42% Oct 8, 2025 - Dec 22, 2025 | -12.19% Mar 1, 2004 - Sep 2, 2004 |
| #13 | -7.92% Apr 19, 2018 - Jul 31, 2018 | -11.96% Dec 31, 2021 - Apr 20, 2022 |
| #14 | -7.69% Jul 19, 2007 - Sep 18, 2007 | -10.99% Sep 24, 2014 - Feb 12, 2015 |
| #15 | -6.95% Feb 1, 2018 - Feb 26, 2018 | -10.14% May 17, 2021 - Nov 8, 2021 |
Correlation
Correlation between PPA and XLB is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
PPA vs XLB dividend yield comparison.
| Year | PPA | XLB |
|---|---|---|
| 2026 | 0.10% | 0.76% |
| 2025 | 0.42% | 1.92% |
| 2024 | 0.61% | 1.92% |
| 2023 | 0.67% | 2.00% |
| 2022 | 0.83% | 2.26% |
| 2021 | 0.59% | 1.62% |
| 2020 | 0.88% | 1.72% |
| 2019 | 0.95% | 1.98% |
| 2018 | 0.90% | 2.20% |
| 2017 | 0.67% | 1.66% |
| 2016 | 1.70% | 1.95% |
| 2015 | 1.41% | 2.24% |
| 2014 | 0.62% | 1.97% |
| 2013 | 1.26% | 2.08% |
| 2012 | 2.12% | 2.27% |
| 2011 | 1.09% | 2.20% |
| 2010 | 0.83% | 3.07% |
| 2009 | 1.18% | 1.76% |
| 2008 | 1.03% | 3.60% |
| 2007 | 0.24% | 1.95% |
| 2006 | 0.27% | 3.25% |
| 2005 | 0.14% | 2.10% |
| 2004 | 0.00% | 1.70% |
| 2003 | 0.00% | 1.79% |
| 2002 | 0.00% | 2.29% |
| 2001 | 0.00% | 2.03% |
| 2000 | 0.00% | 4.22% |
| 1999 | 0.00% | 0.62% |
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