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XBI vs PPA

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

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

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

XBI vs PPA - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

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

XBI vs PPA - Holdings Comparison

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

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

RankXBIPPA
#1
REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 1.83%
BOEING CO (BA) - 16.80%
#2
TWIST BIOSCIENCE CORP (TWST) - 1.80%
GE AEROSPACE (GE) - 16.68%
#3
ALKERMES PLC (ALKS) - 1.79%
RTX CORP (RTX) - 13.68%
#4
TRAVERE THERAPEUTICS INC ORDINARY SHARES (TVTX) - 1.75%
LOCKHEED MARTIN CORP (LMT) - 12.28%
#5
TG THERAPEUTICS INC (TGTX) - 1.57%
HONEYWELL INTERNATIONAL INC (HON) - 9.34%
#6
ARROWHEAD PHARMACEUTICALS INC (ARWR) - 1.47%
GENERAL DYNAMICS CORP (GD) - 8.60%
#7
NEUROCRINE BIOSCIENCES INC (NBIX) - 1.44%
HOWMET AEROSPACE INC (HWM) - 8.36%
#8
EXELIXIS INC (EXEL) - 1.40%
ROCKET LAB CORP (RKLB) - 8.02%
#9
KRYSTAL BIOTECH INC (KRYS) - 1.38%
NORTHROP GRUMMAN CORP (NOC) - 8.00%
#10
CYTOKINETICS INC (CYTK) - 1.34%
ELBIT SYSTEMS LTD (n/a) - 7.02%
#11
BEAM THERAPEUTICS INC (BEAM) - 1.34%
L3HARRIS TECHNOLOGIES INC (LHX) - 7.02%
#12
VERACYTE INC (VCYT) - 1.33%
PARKER HANNIFIN CORP (PH) - 6.66%
#13
NATERA INC (NTRA) - 1.30%
TRANSDIGM GROUP INC (TDG) - 5.46%
#14
APOGEE THERAPEUTICS INC (APGE) - 1.27%
AMPHENOL CORP CLASS A (APH) - 4.56%
#15
MADRIGAL PHARMACEUTICALS INC (MDGL) - 1.26%
EATON CORP PLC (ETN) - 4.40%
#16
PTC THERAPEUTICS INC (PTCT) - 1.25%
AXON ENTERPRISE INC (AXON) - 3.96%
#17
SCHOLAR ROCK HOLDING CORP (SRRK) - 1.25%
CURTISS-WRIGHT CORP (CW) - 3.36%
#18
CRISPR THERAPEUTICS AG (CRSP) - 1.25%
ATI INC (ATI) - 3.02%
#19
MIRUM PHARMACEUTICALS INC (MIRM) - 1.21%
CARPENTER TECHNOLOGY CORP (CRS) - 2.98%
#20
HALOZYME THERAPEUTICS INC (HALO) - 1.20%
HEICO CORP (HEI) - 2.94%
#21
BIOGEN INC (BIIB) - 1.19%
PLANET LABS PBC CLASS A (PL) - 1.32%
#22
UNITED THERAPEUTICS CORP (UTHR) - 1.19%
PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.30%
#23
INCYTE CORP (INCY) - 1.17%
WOODWARD INC (WWD) - 1.18%
#24
IONIS PHARMACEUTICALS INC (IONS) - 1.17%
TEXTRON INC (TXT) - 1.13%
#25
PROTAGONIST THERAPEUTICS INC (PTGX) - 1.16%
BWX TECHNOLOGIES INC (BWXT) - 1.02%
Total Holdings15260

XBI vs PPA - Historical Returns

Returns include dividend reinvestment.

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

XBI vs PPA - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

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

XBI vs PPA Drawdown Comparison

The maximum drawdown for XBI was -63.89%, occurring on May 11, 2022. 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 XBI drawdown is -21.17%. The current PPA drawdown is -5.24%.

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

Correlation

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

0.79
-101

Dividend Comparison (2005 - 2026)

XBI vs PPA dividend yield comparison.

YearXBIPPA
20260.00%0.03%
20250.37%0.42%
20240.15%0.61%
20230.02%0.67%
20220.00%0.83%
20210.04%0.59%
20200.20%0.88%
20190.00%0.95%
20180.28%0.90%
20170.24%0.67%
20160.26%1.70%
20150.61%1.41%
20141.07%0.62%
20130.17%1.26%
20120.22%2.12%
20110.00%1.09%
20100.00%0.83%
20090.28%1.18%
20081.27%1.03%
20070.26%0.24%
20060.00%0.27%
20050.00%0.14%

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