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