PPA Performance — Invesco Aerospace & Defense ETF
Data updated: 2026-09-29
PPA returned +11.51% year to date and +20.02% over one year to Jul 2026. Annualised returns are +27.58% over 3 years and +19.14% over 5 years. The fund beat its Industrials Equity category average: $100 invested three years ago grew to $208, against $164 for the category, and to $120 over one year, against $118. Volatility over the past three years was 15.47% a year. In the 12 months to Jul 2026 the fund took in a net $981.8M, and assets reached $8.26B.
PPA Growth of $100
What $100 invested in Invesco Aerospace & Defense ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Industrials Equity category average over the same months.
| Period | PPA | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $120 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $208 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $240 | $177 |
| Since data start (Aug 2019 – Jul 2026) | $278 | $244 |
PPA Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.51% |
| 1 year | +20.02% |
| 3 years (annualised) | +27.58% |
| 5 years (annualised) | +19.14% |
PPA Annual Returns
Calendar-year total returns of Invesco Aerospace & Defense ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +11.51% |
| 2025 | +36.97% |
| 2024 | +25.42% |
| 2023 | +18.37% |
| 2022 | +9.48% |
| 2021 | +7.17% |
| 2020 | +0.37% |
| 2019 (Aug–Dec) | +4.21% |
PPA Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.4% | +3.9% | −8.5% | +1.1% | +6.1% | −0.5% | −1.3% | — | — | — | — | — |
| 2025 | +5.0% | −3.1% | −0.1% | +4.4% | +9.6% | +6.2% | +3.1% | +1.4% | +5.3% | +1.5% | −4.2% | +3.6% |
| 2024 | −1.3% | +7.6% | +3.9% | −0.4% | +3.7% | −2.1% | +6.6% | +3.7% | +1.4% | −1.0% | +6.7% | −5.1% |
| 2023 | +2.5% | −0.1% | +0.5% | −0.4% | −2.9% | +8.5% | +1.0% | −0.7% | −5.6% | +1.9% | +8.0% | +5.1% |
| 2022 | −2.7% | +9.7% | +1.5% | −7.1% | −0.7% | −2.5% | +5.9% | −3.6% | −9.6% | +17.7% | +4.2% | −0.8% |
| 2021 | −4.8% | +4.0% | +8.3% | +3.3% | +1.9% | −1.5% | −0.3% | −1.6% | −2.3% | +2.0% | −6.4% | +5.4% |
| 2020 | +3.3% | −10.1% | −21.0% | +8.0% | +5.7% | −2.4% | −1.1% | +6.2% | −4.2% | −3.3% | +20.5% | +4.6% |
| 2019 | — | — | — | — | — | — | — | +2.6% | +0.3% | −0.6% | +3.1% | −1.3% |
PPA Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.47%
- 3-year Sharpe ratio: 1.49 (vs 4.5% risk-free rate)
- Best month: +11.38% (Jan 2026)
- Worst month: −8.51% (Mar 2026)
PPA Fund Flows
Monthly money in and out of Invesco Aerospace & Defense ETF, from SEC Form N-PORT.
- 12-month net flow: $981.8M
- 12-month gross sales (incl. reinvestments): $2.3B
- Sales ÷ redemptions: 1.73×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $59.6M | $14.2M | $45.4M |
| Jun 2026 | $469.2M | $477.5M | −$8.3M |
| May 2026 | $20.7M | $139.4M | −$118.7M |
| Apr 2026 | $137.4M | $61.1M | $76.2M |
| Mar 2026 | $355.3M | $15.4M | $340.0M |
| Feb 2026 | $149.8M | $24.7M | $125.1M |
| Jan 2026 | $292.3M | $112.8M | $179.5M |
| Dec 2025 | $302.5M | $240.7M | $61.8M |
| Nov 2025 | $13.6M | $41.7M | −$28.1M |
| Oct 2025 | $109.3M | $10.9M | $98.4M |
| Sep 2025 | $294.8M | $189.2M | $105.6M |
| Aug 2025 | $119.5M | $14.6M | $104.8M |
PPA Assets Under Management
Net assets of Invesco Aerospace & Defense ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $8.26B |
| 2026-04-30 | $8.01B |
| 2026-01-31 | $7.81B |
| 2025-10-31 | $6.87B |
| 2025-07-31 | $6.05B |
| 2025-04-30 | $4.71B |
| 2025-01-31 | $4.89B |
| 2024-10-31 | $4.36B |
| 2024-07-31 | $3.60B |
| 2024-04-30 | $3.12B |
| 2024-01-31 | $2.64B |
| 2023-10-31 | $2.13B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.