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Upturn AI SWOT - About
Invesco Aerospace & Defense ETF (PPA)
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Upturn Advisory Summary
02/05/2025: PPA (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 20.27% | Avg. Invested days 55 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 02/05/2025 |
Key Highlights
Volume (30-day avg) 236976 | Beta 0.88 | 52 Weeks Range 97.09 - 124.50 | Updated Date 04/2/2025 |
52 Weeks Range 97.09 - 124.50 | Updated Date 04/2/2025 |
Upturn AI SWOT
Invesco Aerospace & Defense ETF
ETF Overview
Overview
The Invesco Aerospace & Defense ETF (PPA) tracks the SPADE Defense Index, providing exposure to U.S. companies involved in aerospace, defense, and related sectors. It offers investors a targeted investment in this specific industry.
Reputation and Reliability
Invesco is a well-established global investment management firm with a strong reputation and a wide range of ETF offerings.
Management Expertise
Invesco has a dedicated team of investment professionals with expertise in managing sector-specific ETFs.
Investment Objective
Goal
To track the investment results, before fees and expenses, of the SPADE Defense Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive investment strategy, aiming to replicate the performance of the SPADE Defense Index.
Composition The ETF primarily holds stocks of companies involved in aerospace and defense, including manufacturers, service providers, and technology companies.
Market Position
Market Share: PPA has a significant, but not dominant, market share within the aerospace and defense ETF category.
Total Net Assets (AUM): 2127273280
Competitors
Key Competitors
- ITA
- XAR
Competitive Landscape
The aerospace and defense ETF market is relatively concentrated, with a few major players. PPA has a large market share. ITA tracks a similar index but focuses more broadly on industrial companies, offering more diversification. XAR is an equal-weighted ETF, differing in portfolio weighting methodologies from the capitalization weighting of PPA and ITA.
Financial Performance
Historical Performance: Historical performance can be obtained from financial websites, varying based on the period analyzed. Return data for various time periods (e.g., 1-year, 3-year, 5-year) is essential for assessing the ETF's track record.
Benchmark Comparison: The ETF's performance should be compared to the SPADE Defense Index, its benchmark, to assess tracking efficiency.
Expense Ratio: 0.59
Liquidity
Average Trading Volume
PPA has a moderate average daily trading volume, which should be sufficient for most investors to buy and sell shares easily.
Bid-Ask Spread
The bid-ask spread is typically tight for PPA, which means that the cost of trading is relatively low.
Market Dynamics
Market Environment Factors
Economic conditions, geopolitical events, government defense spending, and technological advancements can significantly impact PPA's performance.
Growth Trajectory
PPA's growth is tied to the performance of the aerospace and defense sector, which may fluctuate based on political climate and government budgets. Any changes to index methodology would also impact holdings.
Moat and Competitive Advantages
Competitive Edge
PPA benefits from Invesco's established brand and distribution network. It provides focused exposure to the aerospace and defense sector, which attracts investors seeking targeted investments. Its relatively low expense ratio compared to some competitors enhances its attractiveness. The ETF's simple indexing strategy ensures that it closely tracks its benchmark index. PPA may appeal to risk-averse investors who value reliability and performance over time.
Risk Analysis
Volatility
PPA's volatility tends to be moderate to high, reflecting the cyclical nature of the aerospace and defense sector and its sensitivity to geopolitical events.
Market Risk
PPA is subject to market risk, including fluctuations in stock prices and overall economic conditions. Specific risks include government regulation, contract cancellations, and technological obsolescence.
Investor Profile
Ideal Investor Profile
The ideal investor for PPA is one who seeks targeted exposure to the aerospace and defense sector and has a moderate to high risk tolerance.
Market Risk
PPA is best suited for long-term investors who believe in the growth potential of the aerospace and defense industry. It is not recommended for risk-averse investors or those seeking short-term gains.
Summary
The Invesco Aerospace & Defense ETF (PPA) offers targeted exposure to the aerospace and defense sector through its tracking of the SPADE Defense Index. Managed by Invesco, a reputable issuer, it holds a significant portion of the market share within its investment niche. The ETF's performance is subject to the inherent risks of the sector, including government regulation and geopolitical events. Long-term investors seeking specific exposure to this sector may find PPA suitable for their portfolios.
Similar Companies
- ITA
- XAR
Sources and Disclaimers
Data Sources:
- Invesco Official Website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market conditions are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Aerospace & Defense ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified.
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