Invesco Aerospace & Defense ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$97.86
- Net Assets:$0 Million
- NAV:$98.12
- Premium-0.26%
- Peer Rank:37 of 397
- Investment Rating:A
- Performance:B+
- RiskB-
We rate Invesco Aerospace and Defense at A. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The Invesco Aerospace and Defense has returned an annual rate of 11.85% since inception. More recently, the fund has generated a total return of 11.95% in the last five years, 13.48% in the last three years, and 20.24% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 84% of them. It has also outpaced 93% of its competitors on a three year basis and 79% of them over the last year for the period ending 2/29/2024. On a year to date basis, PPA has returned 6.53%.
Downside risk has been below average. PPA has a draw down risk of -17.62%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.5%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As PPA is an exchange traded fund, it has no front end or back end load.
The Invesco Aerospace and Defense is managed by Peter Hubbard at Invesco Capital Management LLC. This fund is one of 201 Invesco Capital Management LLC exchange-traded funds launched since 3/10/1999 that we track.