{
 "@context": "https://clearank.com/llms.txt",
 "@type": "clearank:AssetAnalysis",
 "url": "https://clearank.com/etf/ppa-etf-analysis/",
 "dataUrl": "https://clearank.com/etf/ppa-etf-analysis/data.json",
 "title": "Invesco Aerospace & Defense (PPA) ETF Forecast (2026)",
 "description": "Invesco Aerospace & Defense (PPA) ETF: 0.58% expense ratio. $8.0B net assets. Industrials. Invesco. Fund facts, AI rating, technicals and 2030 projection.",
 "headline": "Invesco Aerospace &amp; Defense ETF (PPA)",
 "published": "2026-07-09T09:57:44+00:00",
 "modified": "2026-09-27T09:00:52.376+00:00",
 "generated": "2026-09-27T14:25:55.712Z",
 "language": "en-US",
 "publisher": {
  "name": "CleaRank",
  "url": "https://clearank.com/"
 },
 "disclaimer": "Educational and informational only; not financial advice. AI-generated analysis reviewed by the CleaRank editorial team; prices delayed up to 15 minutes.",
 "asset": {
  "ticker": "PPA",
  "name": "Invesco Aerospace & Defense ETF",
  "type": "ETF",
  "exchange": "NYSE",
  "currency": "USD",
  "sector": null,
  "industry": null,
  "country": "United States",
  "website": null
 },
 "quote": {
  "price": 159.32,
  "previousClose": 159.09,
  "change": 0.23,
  "changePercent": 0.14,
  "open": 159.57001,
  "high": 160.42,
  "low": 158.67,
  "volume": 231400,
  "averageVolume": 228550,
  "marketCap": 2512021504,
  "fiftyTwoWeekHigh": 186.3,
  "fiftyTwoWeekLow": 144.28999,
  "marketOpen": false,
  "asOf": "2026-09-27T09:00:52.000Z"
 },
 "statistics": {
  "pe": 30.866974,
  "eps": null,
  "dividendYield": 0.01203820027591602,
  "beta": null,
  "priceToSales": null,
  "priceToBook": null,
  "revenueTtm": 0,
  "grossMargin": null,
  "returnOnEquity": null
 },
 "technicals": {
  "rsi": 27.04,
  "macd": -3.61,
  "sma50": 171.04,
  "sma200": 171.29,
  "rsiSignal": "Oversold",
  "trend": "Neutral",
  "pricePosition": "Bearish",
  "macdSignal": "Bearish",
  "rating": "Bearish"
 },
 "analysis": {
  "rating": "Sell",
  "score": 25,
  "consensus": "Sell",
  "fairValue": null,
  "analystTarget": 146.57,
  "analystCount": null,
  "wallStreetConsensus": "",
  "generatedAt": "2026-09-27T09:00:52.000Z",
  "priceAtAnalysis": 159.32001,
  "volatility": {
   "daily": 0.93,
   "risk": "etf"
  }
 },
 "tradePlan": {
  "bias": "Bearish",
  "conservativeEntry": 162.51,
  "aggressiveEntry": 159.32,
  "stopLoss": 167.87,
  "stopLossPercent": 3.3,
  "targets": [
   154.38,
   146.26,
   138.13
  ]
 },
 "projections": {
  "basis": "Monte Carlo simulation on historical return distribution, re-run daily; not price targets",
  "years": [
   {
    "year": 2027,
    "downside10th": 135.19,
    "base": 176.8,
    "upside90th": 231.22
   },
   {
    "year": 2028,
    "downside10th": 134.24,
    "base": 196.2,
    "upside90th": 286.76
   },
   {
    "year": 2029,
    "downside10th": 136.79,
    "base": 217.73,
    "upside90th": 346.56
   },
   {
    "year": 2030,
    "downside10th": 141.26,
    "base": 241.62,
    "upside90th": 413.27
   },
   {
    "year": 2031,
    "downside10th": 147.14,
    "base": 268.13,
    "upside90th": 488.6
   },
   {
    "year": 2032,
    "downside10th": 154.2,
    "base": 297.55,
    "upside90th": 574.18
   },
   {
    "year": 2033,
    "downside10th": 162.34,
    "base": 330.2,
    "upside90th": 671.64
   },
   {
    "year": 2034,
    "downside10th": 171.53,
    "base": 366.43,
    "upside90th": 782.78
   },
   {
    "year": 2035,
    "downside10th": 181.78,
    "base": 406.64,
    "upside90th": 909.61
   },
   {
    "year": 2036,
    "downside10th": 193.13,
    "base": 451.25,
    "upside90th": 1054.34
   }
  ]
 },
 "faqCount": 7,
 "sources": [
  "TwelveData",
  "Wall Street consensus"
 ],
 "sections": [
  {
   "id": "price",
   "title": "PPA Price Analysis"
  },
  {
   "id": "market-metrics",
   "title": "Market Metrics",
   "facts": {
    "Open": "$159.57",
    "Day Range": "$158.67 to $160.42",
    "Prev Close": "$159.09",
    "Volume": "231.4K",
    "52-Week Range": "$144.29 to $186.30",
    "Market Cap": "$2.51B"
   }
  },
  {
   "id": "mi-fund-facts",
   "title": "PPA Fund Facts",
   "text": [
    "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.",
    "Fund reference data as of Sep 27, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change."
   ],
   "tables": [
    {
     "caption": "",
     "columns": [
      "Period",
      "PPA",
      "Category"
     ],
     "rows": [
      {
       "label": "YTD",
       "cells": [
        "6.99%",
        "13.30%"
       ]
      },
      {
       "label": "1 month",
       "cells": [
        "-4.08%",
        "9.31%"
       ]
      },
      {
       "label": "3 months",
       "cells": [
        "-5.75%",
        "5.10%"
       ]
      },
      {
       "label": "1 year",
       "cells": [
        "13.55%",
        "45.64%"
       ]
      },
      {
       "label": "3 years",
       "cells": [
        "26.15%",
        "21.72%"
       ]
      },
      {
       "label": "5 years",
       "cells": [
        "18.55%",
        "11.25%"
       ]
      },
      {
       "label": "10 years",
       "cells": [
        "16.69%",
        "13.58%"
       ]
      }
     ]
    }
   ]
  },
  {
   "id": "analysis",
   "title": "PPA Analysis",
   "text": [
    "As of September 2026, PPA is trading below its key technical levels, with its current price of $159.32 below the 50-day simple moving average of $171.04 and the 200-day simple moving average of $171.29. The 20-day exponential moving average also sits at $162.98, indicating a clear short-term downtrend. The Relative Strength Index (RSI) is at 27.04, firmly in oversold territory, suggesting a potential for a short-term bounce. However, the MACD indicator at -3.61 further confirms bearish momentum. The current price is also below its 50-day and 200-day moving averages ($171.04 and $171.29), with the 50-day SMA acting as resistance at $171.04 and the 200-day SMA at $171.29.",
    "The near-term outlook for PPA appears bearish, given its current trading below key moving averages and oversold technical indicators. While the RSI suggests a potential for a short-term bounce, the overall trend remains negative. The significant underperformance against its category year-to-date further supports this cautious outlook. A sustained move above the $171 level, particularly the 50-day SMA, would be needed to signal a potential shift in momentum. Investors should monitor sector-specific news and government spending policies that could influence the aerospace and defense industry."
   ],
   "lists": {
    "ProTips": [
     "Consider the high sector concentration in Industrials (88.90%) and its associated risks.",
     "Monitor government defense spending and geopolitical events as key catalysts for the sector.",
     "The current oversold RSI may present a short-term trading opportunity, but the overall trend remains bearish."
    ]
   }
  },
  {
   "id": "correlations",
   "title": "Market Correlations",
   "text": [
    "How this etf moves relative to other assets",
    "Based on 1 year of daily price data. Correlations may vary over different time periods."
   ],
   "facts": {
    "Correlation with S&P 500 (SPY)": "+0.70",
    "Correlation with Nasdaq 100 (QQQ)": "+0.62",
    "Correlation with Bitcoin (BTC)": "+0.21",
    "Correlation with Gold (XAU)": "+0.24"
   }
  },
  {
   "id": "key-statistics",
   "title": "Key Statistics",
   "text": [
    "The Invesco Aerospace & Defense ETF (PPA) is heavily concentrated in the Industrials sector, with 88.90% of its assets allocated there, and a smaller 10.93% in Technology. This concentration exposes the fund to the specific dynamics and risks within these sectors. The fund's expense ratio is 0.58%, costing $58.00 per $10,000 invested, which is a moderate cost for a specialized sector ETF. With net assets totaling $8.03 billion, PPA is a substantial fund, indicating significant investor interest and liquidity. The underlying strategy aims to provide diversified exposure to companies involved in aerospace, defense, and government space operations, a segment often influenced by government spending and geopolitical events.",
    "The performance of its underlying holdings within the aerospace and defense sector is critical. This sector is heavily influenced by government defense budgets and contracts. Aggregate earnings trends for major defense contractors and aerospace manufacturers would directly impact the fund's performance. Given the current bearish technicals and lagging year-to-date returns compared to its category, it suggests that the earnings outlook for the companies within PPA may not be as strong as for other sectors, or that market participants are anticipating slower growth ahead.",
    "The primary risk for PPA is its significant sector concentration in Industrials (88.90%), making it vulnerable to downturns specific to the aerospace and defense industries. Geopolitical shifts or changes in government defense spending could materially impact the fund's value. Also, the ETF is currently trading below key moving averages, indicating a strong bearish trend and potential for continued price depreciation if the technical downtrend persists."
   ],
   "tables": [
    {
     "caption": "",
     "columns": [],
     "rows": [
      {
       "label": "Net Assets (Market Cap)",
       "cells": [
        "2.51B"
       ]
      },
      {
       "label": "Yield",
       "cells": [
        "0.70%"
       ]
      },
      {
       "label": "Day High",
       "cells": [
        "$160.42"
       ]
      },
      {
       "label": "Day Low",
       "cells": [
        "$158.67"
       ]
      },
      {
       "label": "52 Week High",
       "cells": [
        "186.30"
       ]
      },
      {
       "label": "52 Week Low",
       "cells": [
        "144.29"
       ]
      }
     ]
    }
   ]
  },
  {
   "id": "technical-indicators",
   "title": "Technical Indicators",
   "text": [
    "Technical Rating Bearish RSI Oversold SMA Cross Neutral Price vs SMA Bearish MACD Bearish Price is trading below the 50-day SMA, RSI at 27.0 suggests oversold conditions; potential bounce setup."
   ],
   "facts": {
    "RSI": "Oversold",
    "SMA Cross": "Neutral",
    "Price vs SMA": "Bearish",
    "MACD": "Bearish"
   },
   "tables": [
    {
     "caption": "",
     "columns": [],
     "rows": [
      {
       "label": "RSI (14)",
       "cells": [
        "27.04"
       ]
      },
      {
       "label": "MACD",
       "cells": [
        "-3.61"
       ]
      },
      {
       "label": "SMA 50",
       "cells": [
        "171.04"
       ]
      },
      {
       "label": "SMA 200",
       "cells": [
        "171.29"
       ]
      }
     ]
    }
   ]
  },
  {
   "id": "trade-plans",
   "title": "PPA Trade Plans",
   "text": [
    "Specific entry, exit, and risk management levels",
    "Lower risk, wait for rally",
    "Higher risk, chasing the move",
    "Volatility-Adjusted Stop Loss Calculated based on RSI (27.0) and current market volatility",
    "Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3"
   ],
   "facts": {
    "TARGET 1": "$154.38",
    "TARGET 2": "$146.26",
    "TARGET 3": "$138.13",
    "STOP LOSS": "$167.87"
   }
  },
  {
   "id": "seasonality",
   "title": "Seasonal Patterns",
   "text": [
    "Historical monthly performance trends",
    "Based on 3 years of historical monthly returns"
   ],
   "facts": {
    "Average Jan return": "+3.15%",
    "Average Feb return": "+2.02%",
    "Average Mar return": "-2.92%",
    "Average Apr return": "+1.73%",
    "Average May return": "+3.03%",
    "Average Jun return": "+0.54%",
    "Average Jul return": "+2.66%",
    "Average Aug return": "+1.15%",
    "Average Sep return": "-0.49%",
    "Average Oct return": "+0.37%",
    "Average Nov return": "+3.87%",
    "Average Dec return": "+0.33%"
   }
  },
  {
   "id": "risk",
   "title": "Risk & Volatility",
   "facts": {
    "Daily Volatility": "0.93%"
   },
   "lists": {
    "Risk considerations": [
     "Monitor position sizing based on current volatility levels",
     "Consider stop-loss placement beyond recent price range",
     "Diversification helps mitigate single-stock risk exposure"
    ]
   }
  },
  {
   "id": "growth",
   "title": "Growth of $10,000",
   "text": [
    "A $10,000 investment in PPA in September 2016 would be worth about $41,051 today, compared with about $35,782 for the same investment in the S&P 500 benchmark."
   ]
  },
  {
   "id": "monte-carlo",
   "title": "Monte Carlo Projection (10yr)",
   "text": [
    "CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in PPA today could grow to about $28,324 by 2036 in the base case, with a bull case near $66,178 and a bear case around $12,122. Projections are statistical simulations, not guarantees."
   ]
  },
  {
   "id": "price-prediction",
   "title": "PPA ETF Price Prediction: 2030",
   "text": [
    "CleaRank's simulation projects a price near $242 for PPA by 2030 in the base case, from $159 today (1.5x over 4 years). The downside path ends near $141. These are outcomes of a Monte Carlo simulation run on PPA's historical return distribution, not price targets, and they assume no dividends are reinvested.",
    "Method: 10,000 simulated price paths using PPA's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice."
   ],
   "tables": [
    {
     "caption": "PPA simulated price paths by year",
     "columns": [
      "Year",
      "Downside (10th pct)",
      "Base case",
      "Upside (90th pct)"
     ],
     "rows": [
      {
       "label": "2027",
       "cells": [
        "$135",
        "$177",
        "$231"
       ]
      },
      {
       "label": "2028",
       "cells": [
        "$134",
        "$196",
        "$287"
       ]
      },
      {
       "label": "2029",
       "cells": [
        "$137",
        "$218",
        "$347"
       ]
      },
      {
       "label": "2030",
       "cells": [
        "$141",
        "$242",
        "$413"
       ]
      },
      {
       "label": "2031",
       "cells": [
        "$147",
        "$268",
        "$489"
       ]
      },
      {
       "label": "2032",
       "cells": [
        "$154",
        "$298",
        "$574"
       ]
      },
      {
       "label": "2033",
       "cells": [
        "$162",
        "$330",
        "$672"
       ]
      },
      {
       "label": "2034",
       "cells": [
        "$172",
        "$366",
        "$783"
       ]
      },
      {
       "label": "2035",
       "cells": [
        "$182",
        "$407",
        "$910"
       ]
      },
      {
       "label": "2036",
       "cells": [
        "$193",
        "$451",
        "$1,054"
       ]
      }
     ]
    }
   ]
  },
  {
   "id": "people-also-watch",
   "title": "People Also Watch",
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     "url": "https://clearank.com/etf/pslv-etf-analysis/"
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    {
     "text": "QQQ Invesco QQQ Trust, Series 1 NASDAQ $744.50 +0.46%",
     "url": "https://clearank.com/etf/qqq-invesco-nasdaq-100/"
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    {
     "text": "WIP State Street SPDR FTSE International Government Inflation-Protected Bond ETF NYSE $38.62 +0.16%",
     "url": "https://clearank.com/etf/wip-etf-analysis/"
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    {
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     "url": "https://clearank.com/etf/first-trust-grid/"
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  },
  {
   "id": "related-comparisons",
   "title": "Popular Comparisons",
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     "url": "https://clearank.com/compare/voo-vs-vt/"
    },
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  },
  {
   "id": "faq",
   "title": "Frequently Asked Questions"
  }
 ],
 "faq": [
  {
   "question": "What is the expense ratio for the Invesco Aerospace & Defense ETF (PPA)?",
   "answer": "The Invesco Aerospace & Defense ETF (PPA) has an expense ratio of 0.58%, which translates to a cost of $58.00 for every $10,000 invested."
  },
  {
   "question": "What sectors does the Invesco Aerospace & Defense ETF (PPA) concentrate in?",
   "answer": "PPA is heavily concentrated in the Industrials sector, holding approximately 88.90% of its assets. It also has a smaller allocation of 10.93% in the Technology sector."
  },
  {
   "question": "How has the Invesco Aerospace & Defense ETF (PPA) performed against its category over different periods?",
   "answer": "As of September 2026, PPA's year-to-date return is 6.99% compared to the category's 13.30%. Over the past year, PPA returned 13.55% while its category returned 45.64%. However, over longer periods like 3, 5, and 10 years, PPA has shown stronger relative performance against its category."
  },
  {
   "question": "What are the key technical indicators for PPA as of September 2026?",
   "answer": "PPA is currently trading below its 50-day and 200-day moving averages ($171.04 and $171.29), indicating a bearish trend. Its RSI is at 27.04, signaling oversold conditions, while the MACD is at -3.61, confirming bearish momentum."
  },
  {
   "question": "What is the PPA ETF's price prediction for 2030?",
   "answer": "Based on a Monte Carlo simulation, the projected base price for PPA in 2030 is $241.62, with a downside projection of $141.26. These are statistical simulation outcomes, not price targets or guarantees."
  },
  {
   "question": "What is the dividend yield for the Invesco Aerospace & Defense ETF (PPA)?",
   "answer": "The Invesco Aerospace & Defense ETF (PPA) has a dividend yield of approximately 0.70%."
  },
  {
   "question": "What are the main risks associated with investing in PPA?",
   "answer": "The primary risks include significant sector concentration in Industrials, making it susceptible to industry-specific downturns, and potential impacts from changes in government defense spending or geopolitical events. The current bearish technical trend also poses a risk of further price depreciation."
  }
 ],
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   {
    "ticker": "LUGDF",
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}