SHLD vs PPA
Comparison between GLOBAL X DEFENSE TECH ETF (SHLD, ETF) and INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF).
SHLD vs PPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SHLD
$8.10B
PPA
$8B
Expense Ratio
Winner
SHLD
0.50%
PPA
0.58%
Max Drawdown
Winner
SHLD
18.24%
PPA
57.80%
Sharpe Ratio
SHLD
0.86
Winner
PPA
1.44
5Y Beta
Winner
SHLD
0.66
PPA
0.86
P/E Ratio
Winner
SHLD
31.95
PPA
45.44
Forward P/E
Winner
SHLD
22.86
PPA
27.58
PEG Ratio
SHLD
N/A
PPA
0.65
5Y Dividends CAGR
SHLD
N/A
PPA
-0.76%
5Y EPS CAGR
SHLD
N/A
PPA
12.58%
Debt to Equity
Winner
SHLD
72.47%
PPA
130.12%
P/S Ratio
Winner
SHLD
2.13
PPA
2.80
P/B Ratio
Winner
SHLD
4.59
PPA
6.18
SHLD vs PPA - Holdings Comparison
SHLD and PPA have 20 common holdings. Overlap is 35.22%
SHLD's top 25 holdings weight is 91.48%. PPA's top 25 holdings weight is 82.99%.
| Rank | SHLD | PPA |
|---|---|---|
| #1 | LOCKHEED MARTIN CORP (LMT) - 8.11% | BOEING CO (BA) - 9.29% |
| #2 | GENERAL DYNAMICS CORP (GD) - 7.76% | GE AEROSPACE (GE) - 7.92% |
| #3 | RTX CORP (RTX) - 7.49% | RTX CORP (RTX) - 7.20% |
| #4 | RHEINMETALL AG (n/a) - 6.44% | LOCKHEED MARTIN CORP (LMT) - 6.39% |
| #5 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 6.15% | NORTHROP GRUMMAN CORP (NOC) - 4.50% |
| #6 | HANWHA AEROSPACE CO LTD (n/a) - 5.66% | HONEYWELL INTERNATIONAL INC (HON) - 4.41% |
| #7 | BAE SYSTEMS PLC (n/a) - 5.06% | HOWMET AEROSPACE INC (HWM) - 4.18% |
| #8 | L3HARRIS TECHNOLOGIES INC (LHX) - 4.52% | GENERAL DYNAMICS CORP (GD) - 4.17% |
| #9 | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 4.28% | PARKER HANNIFIN CORP (PH) - 4.01% |
| #10 | THALES (n/a) - 4.24% | L3HARRIS TECHNOLOGIES INC (LHX) - 3.86% |
| #11 | NORTHROP GRUMMAN CORP (NOC) - 4.21% | ELBIT SYSTEMS LTD (n/a) - 3.60% |
| #12 | ELBIT SYSTEMS LTD (n/a) - 3.95% | ROCKET LAB CORP (RKLB) - 2.67% |
| #13 | SAAB AB CLASS B (n/a) - 3.87% | TRANSDIGM GROUP INC (TDG) - 2.64% |
| #14 | BWX TECHNOLOGIES INC (BWXT) - 3.22% | AMPHENOL CORP CLASS A (APH) - 2.31% |
| #15 | LEIDOS HOLDINGS INC (LDOS) - 2.99% | EATON CORP PLC (ETN) - 2.27% |
| #16 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.17% | CURTISS-WRIGHT CORP (CW) - 1.72% |
| #17 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.68% | AXON ENTERPRISE INC (AXON) - 1.71% |
| #18 | KOREA AEROSPACE INDUSTRIES LTD (n/a) - 1.48% | CARPENTER TECHNOLOGY CORP (CRS) - 1.37% |
| #19 | MOOG INC CLASS A (MOG-A) - 1.48% | ATI INC (ATI) - 1.34% |
| #20 | LIG DEFENSE&AEROSPACE CO LTD (n/a) - 1.40% | WOODWARD INC (WWD) - 1.31% |
| #21 | BABCOCK INTERNATIONAL GROUP PLC (n/a) - 1.20% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.27% |
| #22 | DASSAULT AVIATION SA (n/a) - 1.06% | n/a (PLTR) - 1.26% |
| #23 | AEROVIRONMENT INC (AVAV) - 1.06% | BWX TECHNOLOGIES INC (BWXT) - 1.23% |
| #24 | HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.03% | HEICO CORP (HEI) - 1.22% |
| #25 | HENSOLDT AG ORDINARY SHARES (n/a) - 0.97% | TEXTRON INC (TXT) - 1.14% |
| Total Holdings | 52 | 63 |
SHLD vs PPA - Historical Returns
Returns include dividend reinvestment.
1M
SHLD
-14.40%
Winner
PPA
-4.16%
3M
SHLD
-11.66%
Winner
PPA
-3.72%
6M
SHLD
-0.85%
Winner
PPA
+12.66%
1Y
SHLD
+22.61%
Winner
PPA
+32.31%
5Y(CAGR)
SHLD
N/A
PPA
+18.74%
10Y(CAGR)
SHLD
N/A
PPA
+17.61%
Max(CAGR)
Winner
SHLD
+43.43%
PPA
+13.62%
SHLD vs PPA - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | SHLD | PPA |
|---|---|---|
| 2026 | -3.97% | +5.21% |
| 2025 | +74.68% | +37.54% |
| 2024 | +35.09% | +26.23% |
| 2023 | +12.89% | +18.39% |
| 2022 | N/A | +8.80% |
| 2021 | N/A | +10.86% |
| 2020 | N/A | -1.43% |
| 2019 | N/A | +39.54% |
| 2018 | N/A | -7.59% |
| 2017 | N/A | +28.95% |
| 2016 | N/A | +20.62% |
| 2015 | N/A | +4.24% |
| 2014 | N/A | +14.18% |
| 2013 | N/A | +46.90% |
| 2012 | N/A | +15.91% |
| 2011 | N/A | -2.54% |
| 2010 | N/A | +8.47% |
| 2009 | N/A | +18.19% |
| 2008 | N/A | -36.19% |
| 2007 | N/A | +21.82% |
| 2006 | N/A | +19.17% |
| 2005 | N/A | +3.96% |
SHLD vs PPA Drawdown Comparison
The maximum drawdown for SHLD was -18.24%, occurring on May 13, 2026. This drawdown has not yet recovered.
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The current SHLD drawdown is -18.24%. The current PPA drawdown is -8.64%.
| Rank | SHLD | PPA |
|---|---|---|
| #1 | -18.24% Mar 9, 2026 - May 13, 2026 | -57.37% Oct 9, 2007 - Mar 13, 2013 |
| #2 | -15.06% Oct 8, 2025 - Jan 8, 2026 | -43.91% Feb 12, 2020 - Apr 1, 2021 |
| #3 | -10.92% Nov 11, 2024 - Feb 18, 2025 | -24.74% Oct 3, 2018 - Apr 30, 2019 |
| #4 | -10.53% Mar 18, 2025 - Apr 11, 2025 | -18.38% Mar 25, 2022 - Nov 10, 2022 |
| #5 | -8.91% Jan 16, 2026 - Mar 9, 2026 | -15.24% Feb 24, 2015 - Apr 27, 2016 |
| #6 | -5.42% Sep 18, 2023 - Oct 9, 2023 | -15.24% Nov 11, 2024 - May 2, 2025 |
| #7 | -5.39% Aug 6, 2025 - Sep 10, 2025 | -13.71% Mar 2, 2026 - Mar 30, 2026 |
| #8 | -4.96% Apr 8, 2024 - May 9, 2024 | -12.72% Jun 8, 2021 - Feb 28, 2022 |
| #9 | -4.52% Aug 30, 2024 - Oct 1, 2024 | -11.64% Apr 20, 2006 - Oct 13, 2006 |
| #10 | -4.49% Oct 18, 2024 - Nov 6, 2024 | -9.60% Jun 9, 2014 - Oct 31, 2014 |
| #11 | -4.17% May 31, 2024 - Jul 15, 2024 | -8.64% Aug 1, 2023 - Nov 14, 2023 |
| #12 | -3.79% Feb 18, 2025 - Mar 3, 2025 | -8.42% Oct 8, 2025 - Dec 22, 2025 |
| #13 | -3.62% May 8, 2025 - May 16, 2025 | -7.92% Apr 19, 2018 - Jul 31, 2018 |
| #14 | -3.55% Jul 31, 2024 - Aug 9, 2024 | -7.69% Jul 19, 2007 - Sep 18, 2007 |
| #15 | -3.15% Oct 16, 2023 - Nov 2, 2023 | -6.95% Feb 1, 2018 - Feb 26, 2018 |
Correlation
Correlation between SHLD and PPA is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2005 - 2026)
SHLD vs PPA dividend yield comparison.
| Year | SHLD | PPA |
|---|---|---|
| 2026 | 0.00% | 0.03% |
| 2025 | 0.55% | 0.42% |
| 2024 | 0.53% | 0.61% |
| 2023 | 0.26% | 0.67% |
| 2022 | 0.00% | 0.83% |
| 2021 | 0.00% | 0.59% |
| 2020 | 0.00% | 0.88% |
| 2019 | 0.00% | 0.95% |
| 2018 | 0.00% | 0.90% |
| 2017 | 0.00% | 0.67% |
| 2016 | 0.00% | 1.70% |
| 2015 | 0.00% | 1.41% |
| 2014 | 0.00% | 0.62% |
| 2013 | 0.00% | 1.26% |
| 2012 | 0.00% | 2.12% |
| 2011 | 0.00% | 1.09% |
| 2010 | 0.00% | 0.83% |
| 2009 | 0.00% | 1.18% |
| 2008 | 0.00% | 1.03% |
| 2007 | 0.00% | 0.24% |
| 2006 | 0.00% | 0.27% |
| 2005 | 0.00% | 0.14% |
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