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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 Vol84k
52 wk High50.49
52 wk Low36.78
Inception:Oct 2005
(as of 2017-09-19)
Total Returns:
1 day0.5%
5 day2.5%
1 month5.4%
3 month9.9%
6 month16.3%
9 month21.2%
1 year34.7%
Compare Funds:
Correlated Group: Industrial (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
iShares US AerospaceITA0.97  
SPDR S&P Aerospace & Defense ETFXAR0.93  
iShares US IndustrialsIYJ0.87  
Select Sector SPDR Fund - IndustrialXLI0.86  
Vanguard IndustrialsVIS0.85  
First Trust Industrials/Producer Durables AlpFXR0.85  
Vanguard Dividend ETFVIG0.84  
Fidelity MSCI IndustrialsFIDU0.84  
Guggenheim S&P Equal Weight Industrials ETFRGI0.83  
Compass EMP US 500 Volatility Wghtd ETFCFA0.83  
Least Correlated
CurrencyShares Austrailian DollarFXA0.01  
ETFS Physical Platinum SharesPPLT0.00  
Teucrium Wheat Fund ETFWEAT-0.01  
PowerShares DB Agriculture FundDBA-0.01  
Ishares Dec 2018 Corp Term ETFIBDH-0.01  
iPath DJ AIG Commodity ETNDJP-0.01  
PowerShares Insured National Municipal Bond PPZA-0.01  
PowerShares Insured California Municipal BondPWZ-0.02  
Guggenheim BulletShares 2017 Corporate Bond ETFBSCH-0.02  
iShares Short Maturity Bond ETFNEAR-0.02  
Most Inversely Correlated
ProShares UltraPro Short Russell2000SRTY-0.70  
Direxion Small Cap Bear 3X SharesTZA-0.71  
Proshares UltraShort Russell2000TWM-0.71  
Proshares UltraShort Dow30DXD-0.76  
ProShares UltraPro Short Dow30SDOW-0.76  
ProShares Short Dow 30DOG-0.76  
Direxion S&P 500 Bear 3X SharesSPXS-0.79  
ProShares UltraPro Short S&P 500SPXU-0.79  
ProShares Short S&P 500SH-0.79  
Proshares UltraShort S&P500SDS-0.79  
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: 2017-09-15.

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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