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PowerShares Aerospace & Defense (PPA) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol52k
52 wk High61.84
52 wk Low49.54
Inception:Oct 2005
(as of 2018-09-18)
Total Returns:
1 day1.0%
5 day3.6%
1 month5.2%
3 month11.2%
6 month7.8%
9 month14.5%
1 year23.4%
Compare Funds:
Correlated Group: Industrial (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
iShares US AerospaceITA0.99  
Direxion Daily Aero & Defense Bull 3x SharesDFEN0.99  
SPDR S&P Aerospace & Defense ETFXAR0.96  
Select Sector SPDR Fund - IndustrialXLI0.91  
Fidelity MSCI IndustrialsFIDU0.91  
Vanguard IndustrialsVIS0.90  
iShares US IndustrialsIYJ0.90  
iShares S&P Gbl IndustrialsEXI0.84  
First Trust Industrials/Producer Durables AlpFXR0.84  
First Trust Capital StrengthFTCS0.82  
Least Correlated
PIMCO Investment Grade Corp Bond Index FundCORP0.01  
iShares iBonds Dec 2019 Corp ETFIBDK0.01  
Ishares Dec 2018 Corp Term ETFIBDH0.01  
Wisdom Tree Blmbrg Floatt Rate Treas ETFUSFR-0.00  
Fidelity Limited Term Bond ETFFLTB-0.00  
VanEck Vectors Investment Grade Floating RateFLTR-0.01  
Guggenheim BulletShares 2020 Corp Bond ETFBSCK-0.01  
FlexShares Ready Access Variable IncomeRAVI-0.01  
iShares iBonds Sep2020 AMT-Free Muni BdIBMI-0.01  
VelocityShares Daily 2x VIX ST ETN TVIX-0.02  
Most Inversely Correlated
ProShares VIX Short-Term Futures ETF VIXY-0.64  
VelocityShares Long VIX Short Term ETN VIIX-0.64  
Proshares Short Russell 2000RWM-0.65  
Proshares UltraShort Russell2000TWM-0.65  
ProShares UltraPro Short Russell2000SRTY-0.65  
Direxion Small Cap Bear 3X SharesTZA-0.65  
Direxion S&P 500 Bear 3X SharesSPXS-0.73  
Proshares UltraShort S&P500SDS-0.73  
ProShares Short S&P 500SH-0.73  
ProShares UltraPro Short Dow30SDOW-0.80  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2018-09-14.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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