Invesco Aerospace & Defense ETF (PPA)

Key Metrics

TER 58.00% per year

Distribution policy Distributing

Fund size USD 7,812 M

Inception date October 26, 2005

Holdings 62

Fund currency USD

Fund domicile US

Provider Invesco

For full official fund details, factsheets, and holdings, visit invesco.com (opens in new tab).

Historical Return

Last updated: Jun 15, 2026

1 Year +28.1% +0.4% Div

3 Years (avg.) +28.0% +0.4% Div

5 Years (avg.) +17.7% +0.4% Div

Risk & Analysis Metrics

Last updated: Jun 15, 2026

Volatility

18.76% 1 Year

17.50% 3 Years

18.30% 5 Years

20.54% 10 Years

Max Drawdown

-13.73% 1 Year

-15.50% 3 Years

-18.94% 5 Years

-44.30% 10 Years

Sharpe Ratio

1.05 1 Year

1.19 3 Years

0.72 5 Years

0.64 10 Years

Return Triangle (Heatmap)

Last updated: Jun 15, 2026

	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
2011	-3.6%	4.5%	16.5%	15.8%	13.0%	13.9%	15.8%	12.5%	15.1%	13.2%	12.9%	12.5%	12.9%	13.7%	15.1%
2012		13.4%	28.1%	23.0%	17.6%	17.8%	19.4%	15.0%	17.7%	15.2%	14.7%	14.1%	14.3%	15.2%	16.6%
2013			44.8%	28.2%	19.1%	18.9%	20.7%	15.3%	18.3%	15.5%	14.9%	14.1%	14.4%	15.3%	16.8%
2014				13.5%	8.0%	11.4%	15.3%	10.1%	14.4%	11.8%	11.6%	11.2%	11.8%	13.0%	14.8%
2015					2.8%	10.3%	15.9%	9.3%	14.6%	11.5%	11.3%	10.9%	11.6%	12.9%	14.9%
2016						18.4%	23.1%	11.6%	17.7%	13.3%	12.8%	12.1%	12.7%	14.1%	16.2%
2017							28.0%	8.3%	17.5%	12.1%	11.7%	11.0%	12.0%	13.6%	15.9%
2018								-8.3%	12.5%	7.2%	8.0%	7.9%	9.5%	11.6%	14.5%
2019									38.2%	16.0%	14.0%	12.4%	13.4%	15.4%	18.2%
2020										-2.6%	3.6%	5.0%	8.0%	11.3%	15.2%
2021											10.2%	9.0%	11.8%	15.0%	19.1%
2022												7.8%	12.6%	16.7%	21.5%
2023													17.5%	21.4%	26.4%
2024														25.4%	31.0%
2025															36.9%

Distributions

*by ETF Portfolio Weight Last updated: Jun 15, 2026

Profit Margin Distribution

< 0%

1y 3y N/A N/A

0 - 5%

14%

1y 3y N/A N/A

5 - 10%

44%

1y 3y N/A N/A

10 - 15%

12%

1y 3y N/A N/A

15 - 20%

22%

1y 3y N/A N/A

20 - 30%

1y 3y N/A N/A

30 - 40%

1y 3y N/A N/A

> 40%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

1y 3y N/A N/A

0 - 10

1y 3y N/A N/A

10 - 15

1y 3y N/A N/A

15 - 20

10%

1y 3y N/A N/A

20 - 25

1y 3y N/A N/A

25 - 35

35%

1y 3y N/A N/A

35 - 50

15%

1y 3y N/A N/A

> 50

29%

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

0.0%

1y 3y N/A N/A

Small Cap

0.2%

1y 3y N/A N/A

Mid Cap

7.8%

1y 3y N/A N/A

Large Cap

72.5%

1y 3y N/A N/A

Mega Cap

19.4%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Jun 21, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$129B	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	1.00%	2.03%
Beta Indicates the relationship between the price performance of a share and the market.	0.73	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	43.69	28.29
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-86.08	-
Profitable Companies	97%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	24.35	14.56
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	4.94	8.28
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	11.92	10.72

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	31.68	21.15
Enterprise Value to Revenue Enterprise value divided by revenue	5.33	8.72
Total Debt to Enterprise Value Total debt divided by enterprise value	0.13	0.05
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	1.53	0.33
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	9.12%	-6.18%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	+13.9%	-117.9%
Return on Equity Equity divided by market cap.	26.12%	1.23%
Return on Assets Indicates a company's profitability in relation to its total assets.	6.25%	3.29%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	11.60%	3.31%

Sectors

Manufacturing	82.8%
Professional, Scientific, and Technical Services	4.7%
Information	1.1%
Educational Services	0.9%
Technology	0.5%
Construction	0.3%
Other	9.8%

Countries

United States	93.5%
Israel	3.7%
Ireland	2.0%
Canada	0.7%
Other	0.1%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

Lockheed Martin Corp.

LMT - Manufacturing

Market Cap $117.81B

P/E Ratio 24.5

Dividends 2.7%

Total Investment $709.18M

Weight 9.08%

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RTX Corp

RTX - Manufacturing

Market Cap $249.94B

P/E Ratio 34.5

Dividends 1.5%

Total Investment $682.96M

Weight 8.74%

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Boeing Co.

BA - Manufacturing

Market Cap $175.57B

P/E Ratio 92.0

Dividends 0.0%

Total Investment $680.25M

Weight 8.71%

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GE Aerospace

GE - Manufacturing

Market Cap $373.67B

P/E Ratio 43.9

Dividends 0.4%

Total Investment $615.21M

Weight 7.88%

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Northrop Grumman Corp.

NOC - Manufacturing

Market Cap $74.07B

P/E Ratio 16.2

Dividends 1.8%

Total Investment $477.42M

Weight 6.11%

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General Dynamics Corp.

GD - Manufacturing

Market Cap $94.65B

P/E Ratio 21.7

Dividends 1.7%

Total Investment $388.61M

Weight 4.97%

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L3Harris Technologies Inc

LHX - Manufacturing

Market Cap $54.92B

P/E Ratio 31.8

Dividends 1.7%

Total Investment $332.49M

Weight 4.26%

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Honeywell International Inc

HON - Manufacturing

Market Cap $145.11B

P/E Ratio 35.4

Dividends 2.1%

Total Investment $332.27M

Weight 4.25%

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Howmet Aerospace Inc

HWM - Manufacturing

Market Cap $111.09B

P/E Ratio 63.8

Dividends 0.2%

Total Investment $286.07M

Weight 3.66%

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Parker-Hannifin Corp.

PH - Manufacturing

Market Cap $120.19B

P/E Ratio 34.7

Dividends 0.8%

Total Investment $248.36M

Weight 3.18%

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Elbit Systems Ltd.

ESLT - Manufacturing

Market Cap $36.92B

P/E Ratio 61.9

Dividends 0.4%

Total Investment $212.63M

Weight 2.72%

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Amphenol Corp. - Ordinary Shares - Class A

APH - Manufacturing

Market Cap $201.71B

P/E Ratio 44.8

Dividends 0.5%

Total Investment $195.37M

Weight 2.50%

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Axon Enterprise Inc

AXON - Manufacturing

Market Cap $34.13B

P/E Ratio 164.0

Dividends 0.0%

Total Investment $114.96M

Weight 1.47%

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Kratos Defense & Security Solutions Inc

KTOS - Manufacturing

Market Cap $10.17B

P/E Ratio 326.0

Dividends 0.0%

Total Investment $113.33M

Weight 1.45%

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Curtiss-Wright Corp.

CW - Manufacturing

Market Cap $28.52B

P/E Ratio 56.2

Dividends 0.1%

Total Investment $108.9M

Weight 1.39%

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Heico Corp.

HEI - Manufacturing

Market Cap $46.96B

P/E Ratio 59.6

Dividends 0.0%

Total Investment $107.14M

Weight 1.37%

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Leidos Holdings Inc

LDOS - Professional, Scientific, and Technical Services

Market Cap $13.47B

P/E Ratio 9.5

Dividends 1.6%

Total Investment $104.37M

Weight 1.34%

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Huntington Ingalls Industries Inc

HII - Manufacturing

Market Cap $11.25B

P/E Ratio 18.5

Dividends 1.9%

Total Investment $102.72M

Weight 1.31%

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AeroVironment Inc.

AVAV - Manufacturing

Market Cap $8.47B

P/E Ratio -32.0

Dividends 0.0%

Total Investment $90.57M

Weight 1.16%

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BWX Technologies Inc

BWXT - Professional, Scientific, and Technical Services

Market Cap $18.82B

P/E Ratio 54.5

Dividends 0.5%

Total Investment $87.2M

Weight 1.12%

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Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

Latest News

Boeing Gets China Deal at Trump's Visit, With Many Questions

Trump Bought Boeing Stock, Then Announced New Order for 200 Planes

Stocks That Failed The Core Earnings Test In 2Q2026

Average metrics of all companies in portfolio

Sectors

Countries

Stock Screener

Lockheed Martin Corp.

Lockheed Martin Corp.

RTX Corp

RTX Corp

Boeing Co.

Boeing Co.

GE Aerospace

GE Aerospace

Northrop Grumman Corp.

Northrop Grumman Corp.

General Dynamics Corp.

General Dynamics Corp.

L3Harris Technologies Inc

L3Harris Technologies Inc

Honeywell International Inc

Honeywell International Inc

Howmet Aerospace Inc

Howmet Aerospace Inc

Parker-Hannifin Corp.

Parker-Hannifin Corp.

Elbit Systems Ltd.

Elbit Systems Ltd.

Amphenol Corp. - Ordinary Shares - Class A

Amphenol Corp. - Ordinary Shares - Class A

Axon Enterprise Inc

Axon Enterprise Inc

Kratos Defense & Security Solutions Inc

Kratos Defense & Security Solutions Inc

Curtiss-Wright Corp.

Curtiss-Wright Corp.

Heico Corp.

Heico Corp.

Leidos Holdings Inc

Leidos Holdings Inc

Huntington Ingalls Industries Inc

Huntington Ingalls Industries Inc

AeroVironment Inc.

AeroVironment Inc.

BWX Technologies Inc

BWX Technologies Inc

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