PPA ETF — Invesco Aerospace & Defense ETF

Invesco Aerospace & Defense ETF (PPA)

Updated October 16, 2026.

PPA is an ETF. its distribution rate is 0.42%, its trailing-12-month yield is 0.42%, its expense ratio is 0.58%. Dividend Vision Distribution Safety Score™ is 69/100 (Generally safe). Total return is 1176.3% over the past 21 years, 337.8 points ahead of SPY at 838.5%.

Invesco Aerospace & Defense ETF tracks an index of companies involved in the development, manufacture, operation, and support of U.S. defense, military, national and homeland security, and government space operations. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.58%. It appeals to investors seeking exposure to the aerospace and defense sector, though those prioritizing high income may find the yield profile limited.

PPA performance versus SPY

Price and return data through 2026-10-16.

Total return is 1176.3% over the past 21 years, 337.8 points ahead of SPY at 838.5%. Over the past year its total return — price change plus distributions reinvested — is 2.8%. Its deepest 1-year drawdown was 17.3%.

PPA key facts

Distribution Safety Score™

69 · Generally safe

Safety-Adjusted Yield

0.29%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

10/26/2005

Expense ratio

0.58%

Distribution rate

0.42%

Distribution frequency

Quarterly

Trailing yield

0.42%

Last close

$156.43 (stale; as of 2026-10-16)

AUM

$7,423,050,129

Average volume

264600.0

Dividend

$0.479

Ex-dividend date

09/21/2026

Payment date

09/25/2026

Beta

0.87

How Dividend Vision calculates yield and returns

Distribution rate (0.42%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.42%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PPA risks and drawbacks

PPA's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 17.3%.

Who may consider PPA — and who may not

It is a weaker fit for investors who need monthly cash flow (PPA pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on PPA

• All tickers starting with P

Tagged: Space, Defense, Industrials.

Compare PPA

PPA vs similar funds:

• PPA vs XSPC

Frequently asked questions

More securities from Invesco.