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