PortfolioMetrics

ITA vs. PPA - ETF Comparison

ITA - iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF provides exposure to the aerospace and defense sector of the US industrials industry, offering a diversified portfolio of large, stable companies with long-term government contracts. While the fund's focus on government contracts presents potential risks, it remains a viable choice for investors seeking targeted exposure to the industry's top names.

PPA - Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF provides exposure to the aerospace and defense sector of the industrials industry, offering a diversified portfolio of large, stable companies with long-term government contracts. While the fund comes with risks related to government spending and budget concerns, it offers broad exposure to the industry with a market capitalization-weighted approach.

ITAPPA
Fund NameiShares U.S. Aerospace & Defense ETFInvesco Aerospace & Defense ETF
Fund ProviderBlackRockInvesco
IndexDow Jones U.S. Select Aerospace & Defense IndexSPADE Defense Index
Asset ClassEquityEquity
ListingUS-listedUS-listed
Expense Ratio0.40%0.58%
Inception Date2006-05-012005-10-26
Number Of Holdings3756
RegionUnited StatesUnited States
Investment StyleGrowthBlend
Market CapBlendBlend
SectorIndustrialsIndustrials
Sector DetailAerospace & DefenseAerospace & Defense
LeveragedNon-leveragedNon-leveraged
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Key Metrics

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Performance Metrics

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Risk Metrics

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Detailed Returns

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Benchmark Comparison

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Key Metrics

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Performance Metrics

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Risk Metrics

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Detailed Returns

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Benchmark Comparison

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Performance Analysis

The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.

Cumulative Returns

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End of Year Returns Table

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End of Year Returns

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Risk Analysis

The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.

Drawdowns

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Drawdowns Table

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Monte Carlo Simulation

The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.

IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.

Monte Carlo Metrics

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Simulated Portfolio Prices

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