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PPA · Invesco Aerospace & Defense ETF
Over the last 15 years (2011-09 to 2026-09), $10,000 invested in PPA with dividends reinvested grew to $105,834, 16.93% a year, with a worst peak-to-trough fall of -28.94%. Past performance doesn't predict future results.
Growth of $10,000 · 2011-09 to 2026-09 · dividends reinvested
How PPA held up in past market crashes
PPA has been through 4 of the market crashes since 2000 in our data. Its deepest price fall was 57.8% in the 2008 financial crisis, when the S&P 500 fell 56.5%. It took 4.2 years from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.
| Crash | PPA deepest fall | S&P 500 (SPY) | Peak to bottom | Back to peak |
|---|---|---|---|---|
| 2008 financial crisis | -57.8% | -56.5% | Oct 2007 to Mar 2009 | 4.2 years |
| 2018 fourth-quarter selloff | -25.0% | -20.2% | Oct 2018 to Dec 2018 | 4 months |
| 2020 COVID crash | -43.9% | -34.1% | Feb 2020 to Mar 2020 | 12 months |
| 2022 bear market | -18.9% | -25.4% | Mar 2022 to Sep 2022 | 1 months |
Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.
About PPA
Invesco Aerospace & Defense ETF is an exchange-traded fund that provides diversified exposure to U.S.-listed companies involved in aerospace, defense, homeland security, and government space operations. It is designed to track the SPADE Defense Index, giving investors access to a concentrated portfolio of businesses that support military systems, aircraft production, aerospace components, intelligence, cybersecurity, and related industrial technologies. The fund typically includes major defense contractors, aircraft manufacturers, and specialized suppliers, along with firms involved in advanced propulsion, avionics, communications, and space services. By focusing on companies tied to national security and aerospace infrastructure, Invesco Aerospace & Defense ETF serves as a sector-focused vehicle for gaining broad participation in a strategically important segment of the industrial market.
Put PPA to the test
Every tool below opens prefilled with PPA: free, no account needed.
Backtest PPA →
Full history, any date range, benchmarks, drawdowns, rolling returns.
Would PPA survive 2008? →
What actually happened to it in the crisis: real drawdown and recovery.
Project it forward →
Monte Carlo simulation of where it could go from here.
Compare PPA vs VTI →
Head-to-head against the total US market.
Replay $100/mo into PPA →
Animated growth of steady monthly contributions.
Fundamentals →
Holdings-level financials where available.
Educational use only, not investment advice. Results are hypothetical.Read full disclaimer
This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.