PPA vs. BOUT ETF Comparison
Comparison of PowerShares Aerospace & Defense (PPA) to Innovator IBD Breakout Opportunities ETF (BOUT)
PPA
PowerShares Aerospace & Defense
PPA Description
The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE⢠Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$98.31
Average Daily Volume
148,457
48
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.Grade (RS Rating)
Last Trade
$32.67
Average Daily Volume
2,522
59
Performance
Period | PPA | BOUT |
---|---|---|
30 Days | -1.66% | -9.21% |
60 Days | 3.19% | -5.50% |
90 Days | 8.58% | -0.34% |
12 Months | 21.27% | 7.79% |
1 Overlapping Holdings
Symbol | Grade | Weight in PPA | Weight in BOUT | Overlap | |
---|---|---|---|---|---|
PLTR | D | 0.87% | 0.34% | 0.34% |
PPA Overweight 47 Positions Relative to BOUT
Symbol | Grade | Weight | |
---|---|---|---|
RTX | A | 6.9% | |
LMT | A | 6.67% | |
BA | F | 6.0% | |
GE | A | 5.89% | |
NOC | B | 5.37% | |
GD | A | 4.98% | |
HON | C | 4.45% | |
LHX | B | 4.34% | |
TDG | B | 4.04% | |
ETN | A | 3.79% | |
PH | B | 3.67% | |
HWM | C | 3.54% | |
AXON | B | 3.52% | |
TXT | A | 2.67% | |
BAH | C | 2.46% | |
LDOS | C | 2.14% | |
APH | B | 2.08% | |
HII | C | 2.08% | |
HEI | A | 1.76% | |
BWXT | C | 1.42% | |
KBR | A | 1.32% | |
CW | A | 1.31% | |
CACI | B | 1.25% | |
WWD | A | 1.09% | |
TDY | D | 1.07% | |
SAIC | C | 0.99% | |
ATI | A | 0.97% | |
HXL | D | 0.96% | |
J | C | 0.89% | |
AVAV | A | 0.83% | |
SPR | A | 0.8% | |
PSN | B | 0.66% | |
MOG.A | A | 0.65% | |
KEYS | D | 0.65% | |
KTOS | B | 0.54% | |
OSK | A | 0.48% | |
AIR | B | 0.44% | |
MRCY | F | 0.34% | |
VSAT | F | 0.32% | |
OSIS | A | 0.27% | |
CDRE | D | 0.27% | |
TGI | D | 0.2% | |
KAMN | A | 0.19% | |
IRDM | D | 0.16% | |
DCO | A | 0.15% | |
B | B | 0.15% | |
TTMI | D | 0.13% |
PPA Underweight 58 Positions Relative to BOUT
Symbol | Grade | Weight | |
---|---|---|---|
FTI | A | -3.47% | |
KSPI | A | -3.34% | |
AZEK | C | -3.2% | |
MSDL | A | -3.17% | |
TBBB | D | -3.16% | |
BLDR | D | -3.16% | |
HEAR | A | -3.15% | |
TXRH | A | -3.14% | |
LEN | C | -3.13% | |
WING | A | -3.09% | |
HUBS | A | -2.97% | |
GPS | D | -2.84% | |
IBKR | A | -2.8% | |
CELH | D | -2.8% | |
XYL | A | -2.75% | |
JPM | B | -2.73% | |
SAP | C | -2.72% | |
FROG | D | -2.7% | |
DUOL | D | -2.7% | |
PCOR | D | -2.63% | |
APPF | D | -2.61% | |
IOT | D | -2.48% | |
GOOGL | A | -1.87% | |
GOOG | A | -1.87% | |
CRM | C | -1.85% | |
PCAR | B | -1.82% | |
RCL | A | -1.81% | |
IRM | B | -1.81% | |
SHAK | C | -1.8% | |
FOR | B | -1.8% | |
AXP | A | -1.8% | |
ERJ | A | -1.77% | |
CROX | D | -1.72% | |
SEMR | B | -0.93% | |
PWR | A | -0.93% | |
NTAP | B | -0.93% | |
GVA | A | -0.92% | |
ERIE | C | -0.92% | |
URI | C | -0.91% | |
TOL | B | -0.89% | |
ISRG | C | -0.89% | |
RL | D | -0.85% | |
KNSL | B | -0.78% | |
ELF | D | -0.76% | |
WAB | A | -0.35% | |
SKWD | A | -0.35% | |
PSTG | B | -0.35% | |
NVDA | B | -0.35% | |
ANET | D | -0.35% | |
WMS | C | -0.34% | |
KKR | C | -0.34% | |
OKTA | D | -0.33% | |
LRN | D | -0.33% | |
FIHL | A | -0.33% | |
DFH | D | -0.33% | |
ASML | D | -0.33% | |
TREX | C | -0.32% | |
RYAN | B | -0.32% |
PPA: Top Represented Industries & Keywords
BOUT: Top Represented Industries & Keywords