Data as of Oct 28, 2026.
PPA vs SCHG: Differences, Returns & Fees
Over the year to Oct 28, 2026, PPA returned −0.2% to SCHG's +6.8%, and SCHG charges 0.04% to PPA's 0.58%.
askIQ about this page
askIQ about PPA and SCHG
Net assets: $7.4bn on Oct 27, 2026 for Invesco Aerospace & Defense ETF, and $63.0bn on Aug 31, 2026 for Schwab U.S. Large-Cap Growth ETF.
Pair scorecard
SCHG costs 0.54 points a year less; their one-year returns differ by 7.0 points.
| Measure | PPA | SCHG |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.2% | +6.8% |
| Drawdown | ||
| Below its all-time high | 14.5%, high on Mar 2, 2026 | |
| Below its high | 3.5%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | Defense | Dow Jones U.S. Large-Cap Growth Total Stock Market Index |
| Against the S&P 500, 1 year | behind by 13.9 pts | |
| Against its benchmark, 1 year | behind by 13.9 pts | |
| Cost and size | ||
| Expense ratio | 0.58% | 0.04% |
| Net assets, PPA as of Oct 27, 2026 and SCHG as of Aug 31, 2026 | $7.4bn | $63.0bn |
| Active share vs the S&P 500 | 96% | |
| Holdings | ||
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 61% | 51.0% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, PPA and SCHG hold 4% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
4% in common
Only in one fund ↓
Side by side
PPA and SCHG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PPA
By weight, 77% 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 61% of the fund across 70 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 14.5% below its all-time high of Mar 2, 2026.
SCHG
SCHG tracks an index of U.S. Large-Cap Growth. Over the year to Oct 28, 2026 it returned +6.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.04% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 192 positions, with the top ten at 51.0%. It sat 3.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are PPA and SCHG in the same category?
- PPA is a thematic ETF and SCHG is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, PPA or SCHG?
- In the year to Oct 28, 2026, with distributions reinvested, PPA returned −0.2% and SCHG +6.8%.
- Which is cheaper, PPA or SCHG?
- SCHG is cheaper, by 0.54 percentage points a year. That is about $54 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, PPA against SCHG, data as of Oct 28, 2026. https://etfiq.com/compare/any/ppa-vs-schg
ETFIQ. (Oct 28, 2026). PPA against SCHG. Retrieved from https://etfiq.com/compare/any/ppa-vs-schg
[PPA against SCHG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ppa-vs-schg)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.