| PPA | |
|---|---|
| Total return | +355.4% |
| Annualised (CAGR) | +16.4% |
| Volatility (annualised) | +19.2% |
| Sharpe (rf = 0) | 0.85 |
| Deepest drawdown | -43.9% |
| Drawdown peak → trough | 2020-02-12 → 2020-03-23 |
Over the 10.0 years to 2026-09-21 the fund returned +355.4% in total (+16.4% a year), with a deepest drawdown of -43.9% from 2020-02-12 to 2020-03-23. Its worst calendar year was 2018 (-7.5%), its best 2019 (+39.6%).
| Year | PPA |
|---|---|
| 2026 | +3.3% |
| 2025 | +37.1% |
| 2024 | +25.3% |
| 2023 | +18.4% |
| 2022 | +9.5% |
| 2021 | +7.1% |
| 2020 | +0.5% |
| 2019 | +39.6% |
| 2018 | -7.5% |
| 2017 | +30.1% |
| 2016 | +9.4% |
It does not say PPA is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -43.9% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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