Analysis for Invesco Aerospace & Defense ETF
Description & usage
The Invesco Aerospace and Defense ETF provides exposure to U.S. companies in defense, aerospace technology, and related security industries. It benefits from long-cycle government procurement and sustained demand for advanced aerospace platforms. Key drivers are budget growth, program execution, export demand, and sector valuation levels.
Basic info
- Symbol
- PPA
- Type
- ETF
- Region
- US
- Sector
- Defense
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
- TER
- –
Basic info
- Symbol
- PPA
- Type
- ETF
- Region
- US
- Sector
- Defense
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
- TER
- –
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Invesco Aerospace & Defense ETF (PPA) currently has a total score of 81 points, placing it in the very strong range. The score is made up of Performance (83), Stability (86) and Trend (69). All three sub-scores are currently above average.
Performance scores 83 points (very strong). Key strength: 10Y return at 419.4 %. Even the weakest return is still strong in absolute terms: 1Y return at 44.7 %. This suggests stronger long-term than short-term performance.
Stability scores 86 points (very strong). Best-ranked metric: max drawdown (5Y) at -18.4 %. Even the weakest metric remains solid in absolute terms: max drawdown (10Y) at -43.9 %. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 69 points (strong). Key strength: 12M momentum at 56.6 %. Main drag: Price is about 3.2 % below SMA50.
Overall, the very strong total score is driven mainly by Stability and Performance; Trend is the biggest lever for improvement. On a metric level, max drawdown (5Y) stands out, while SMA50 distance is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.