(PPA) Aerospace & Defense - Overview
Etf: Aircraft, Missiles, Satellites, Warships, Cyber
Dividends
| Dividend Yield | 0.45% |
| Yield on Cost 5y | 0.98% |
| Yield CAGR 5y | 11.52% |
| Payout Consistency | 91.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 23.2% |
| Relative Tail Risk | -1.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.73 |
| Alpha | 31.86 |
| Character TTM | |
|---|---|
| Beta | 0.836 |
| Beta Downside | 0.839 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.24% |
| CAGR/Max DD | 2.01 |
Description: PPA Aerospace & Defense January 08, 2026
The Invesco Aerospace & Defense ETF (NYSE ARCA: PPA) aims to track an index of U.S. companies that are “systematically important” to the defense sector, allocating at least 90 % of its assets to the index’s constituent stocks. Because the fund is classified as non-diversified, its performance is closely tied to a relatively narrow set of aerospace and defense firms.
Key data points to consider: the ETF’s expense ratio is 0.46 %, and its top holdings typically include Lockheed Martin, Raytheon Technologies, and Northrop Grumman, which together represent roughly 30 % of assets. The U.S. defense budget has risen at an average annual rate of ~3 % over the past five years, driving steady revenue growth for these manufacturers; meanwhile, the sector’s R&D intensity averages 6–7 % of sales, a metric that often correlates with future contract wins. Geopolitical risk premiums-e.g., heightened tensions in Eastern Europe and the Indo-Pacific-act as a macro driver that can boost order backlogs and earnings visibility.
For deeper quantitative insights, you might explore ValueRay’s analytics platform to see how PPA’s risk-adjusted returns compare to peers.
What is the price of PPA shares?
Over the past week, the price has changed by +0.39%, over one month by +4.18%, over three months by +14.87% and over the past year by +46.40%.
Is PPA a buy, sell or hold?
What are the forecasts/targets for the PPA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 232 | 32.4% |
PPA Fundamental Data Overview February 07, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 7.88b USD (7.88b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 7.88b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 7.88b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.99% (E(7.88b)/V(7.88b) * Re(8.99%) + (debt-free company))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)