Which returned more over the last year, PPA or SCHG?

In the year to Sep 12, 2026, with distributions reinvested, PPA returned +8.5% and SCHG returned +12.7%, so SCHG returned more. One year is one year; the longer windows are in the table.

Which is cheaper, PPA or SCHG?

PPA charges 0.58% a year and SCHG charges 0.04%, so SCHG is cheaper. Fees come from each fund's prospectus.

How much do PPA and SCHG overlap with the S&P 500?

By their latest filed holdings, 72% of PPA and 95% of SCHG by weight is stocks the S&P 500 already holds. Between the two funds, 4% of their books are the same securities at the same weight.

Are PPA and SCHG the same kind of fund?

No. PPA is a thematic ETF and SCHG is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

PPA vs SCHG: how they differ

Over the year SCHG returned more, +12.7% against +8.5%, and SCHG charges 0.04% against 0.58%.

Invesco Aerospace & Defense ETF and Schwab U.S. Large-Cap Growth ETF.

What they hold in common

By the books each fund has filed, PPA and SCHG hold 4% of their money in the same securities at the same weight.

Positions PPA and SCHG both hold, largest shared weight first
Holding	PPA	SCHG
Palantir Technologies Inc	1.79%	1.25%
General Electric Co	6.94%	1.19%
Parker-Hannifin Corp	3.84%	0.37%
TransDigm Group Inc	3.01%	0.25%
Rocket Lab Corp	1.62%	0.24%
Axon Enterprise Inc	3.15%	0.12%
HEICO Corp	1.56%	0.12%
Teledyne Technologies Inc	0.82%	0.10%
Curtiss-Wright Corp	1.42%	0.10%
Carpenter Technology Corp	1.51%	0.08%
CACI International Inc	1.19%	0.04%

Largest positions each one holds and the other does not
Only in PPA	Only in SCHG
RTX Corp 8.29%	NVIDIA Corp 11.02%
Boeing Co/The 7.05%	Apple Inc 9.84%
Lockheed Martin Corp 6.59%	Microsoft Corp 7.18%
General Dynamics Corp 4.97%	Amazon.com Inc 5.68%
Northrop Grumman Corp 4.95%	Alphabet Inc 4.76%
Howmet Aerospace Inc 3.92%	Broadcom Inc 4.55%
L3Harris Technologies Inc 3.74%	Tesla Inc 3.92%
Elbit Systems Ltd 3.39%	Alphabet Inc 3.78%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 10, 2026.

PPA and SCHG on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	PPA Invesco Aerospace & Defense ETF	SCHG Schwab U.S. Large-Cap Growth ETF
Where it sits	Thematic ETF	Core index fund
Issuer	Invesco	Schwab
What it is	Defense	U.S. Large-Cap Growth
Total return, 1 year	+8.5%	+12.7%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−9.0 pts	−4.8 pts
Expense ratio	0.58%	0.04%
Already in the S&P 500	71.8%	95.4%
Holdings	62	193

PPA in plain words

By weight, 72% of PPA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 54% of the fund across 62 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +8.5% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 9.0 pts. It sits 12.7% below its all-time high of Mar 2, 2026.

SCHG in plain words

SCHG is an index equity fund tracking the U.S. Large-Cap Growth. Over the year to Sep 11, 2026 it returned +12.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 193 positions, with the top ten at 57.2%.

Questions people ask

Which returned more over the last year, PPA or SCHG?: In the year to Sep 12, 2026, with distributions reinvested, PPA returned +8.5% and SCHG returned +12.7%, so SCHG returned more. One year is one year; the longer windows are in the table.
Which is cheaper, PPA or SCHG?: PPA charges 0.58% a year and SCHG charges 0.04%, so SCHG is cheaper. Fees come from each fund's prospectus.
How much do PPA and SCHG overlap with the S&P 500?: By their latest filed holdings, 72% of PPA and 95% of SCHG by weight is stocks the S&P 500 already holds. Between the two funds, 4% of their books are the same securities at the same weight.
Are PPA and SCHG the same kind of fund?: No. PPA is a thematic ETF and SCHG is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

PPA against SCHG, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, PPA against SCHG, data as of Sep 12, 2026. https://etfiq.com/compare/any/PPA-SCHG Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources