Data as of . Every figure is the themes desk's own, on published data.
ARKK vs PPA
4% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ARKK and PPA hold 4% of their money in the same securities at the same weight.
| Holding | ARKK | PPA |
|---|---|---|
| PALANTIR TECHNOLOGIES INC-A | 2.88% | 1.23% |
| KRATOS DEFENSE & SECURITY | 0.98% | 1.00% |
| ROCKET LAB | 0.98% | 2.77% |
| BWX TECHNOLOGIES INC | 0.88% | 1.22% |
| Only in ARKK | Only in PPA |
|---|---|
| TESLA INC 9.62% | Boeing Co. (The) 9.11% |
| SPACE EXPLORATION TECHN-CL A 6.28% | General Electric Co. 7.85% |
| CIRCLE INTERNET GROUP INC 6.06% | RTX Corp. 7.13% |
| TEMPUS AI INC-CL A 5.17% | Lockheed Martin Corp. 6.39% |
| COINBASE GLOBAL INC -CLASS A 4.76% | General Dynamics Corp. 4.52% |
| CRISPR THERAPEUTICS AG 4.55% | Northrop Grumman Corp. 4.46% |
| ROBINHOOD MARKETS INC - A 4.28% | Honeywell International Inc. 4.39% |
| SHOPIFY INC - CLASS A 3.37% | Howmet Aerospace Inc. 4.18% |
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 as filed for Apr 30, 2026 and Sep 4, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ARKK | PPA | ARKK | PPA | ARKK | PPA | |
| 3 months | +15.8% | −3.0% | +11.1 pts | −7.7 pts | +13.7 pts | −5.1 pts |
| 6 months | +19.1% | −8.5% | +3.9 pts | −23.7 pts | −1.1 pts | −28.7 pts |
| 1 year | +14.9% | +12.6% | −5.0 pts | −7.3 pts | −10.7 pts | −13.0 pts |
| 3 years | +97.5% | +100.0% | +19.6 pts | +22.1 pts | +4.1 pts | +6.5 pts |
| Since launch | +367.8% | +1021.7% | +2.5 pts | +210.4 pts | −308.1 pts | −662.3 pts |
| ARKK ARK Innovation ETF | PPA Invesco Aerospace & Defense ETF | |
|---|---|---|
| Issuer | ARK | Invesco |
| Theme | Broad innovation and megatrends | Defense |
| In the S&P 500 | 37.9% | 71.1% |
| Active share vs the S&P 500 | 85.4% | 96.4% |
| In the Nasdaq-100 | 28.4% | 7.3% |
| Holdings | 47 | 60 |
| Top ten, share of the fund | 50.3% | 55.5% |
| Expense ratio | 0.75% | 0.58% |
| Fee for the differing part | 0.88% | 0.60% |
| Total return, 1 year | +14.9% | +12.6% |
| vs the S&P 500 | −5.0 pts | −7.3 pts |
| vs the Nasdaq-100 | −10.7 pts | −13.0 pts |
| Below its high | −44.2% | −10.9% |
ARKK in plain words
By weight, 38% of ARKK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 85%. The top ten holdings are 50% of the fund across 47 positions, as filed for Sep 4, 2026. Over the year to Sep 4, 2026 the fund returned +14.9% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 5.0 pts. It sits 44.2% below its all-time high of Feb 12, 2021.
PPA in plain words
By weight, 71% 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 56% of the fund across 60 positions, as filed for Apr 30, 2026. Over the year to Sep 4, 2026 the fund returned +12.6% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 7.3 pts. It sits 10.9% below its all-time high of Mar 2, 2026.
Questions people ask
- Do ARKK and PPA hold the same stocks?
- By their latest filings, 4% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ARKK or PPA?
- ARKK has 38% of its weight in S&P 500 names and PPA has 71%, so PPA differs more from the index.
- Which is cheaper, ARKK or PPA?
- ARKK charges 0.75% a year and PPA charges 0.58%, so PPA is cheaper. Fees come from each fund's prospectus.
Other comparisons
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.
Cite this page. ETFIQ, ARKK against PPA, data as of Sep 4, 2026. https://etfiq.com/compare/themes/ARKK-PPA.html Free to use with attribution; the underlying files are at Open data.