Data as of . Every figure is the themes desk's own, on published data.
FDN vs PPA
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FDN and PPA hold 0% of their money in the same securities at the same weight.
| Only in FDN | Only in PPA |
|---|---|
| Amazon.com, Inc. 9.84% | Boeing Co. (The) 9.11% |
| Meta Platforms, Inc. (Class A) 9.79% | General Electric Co. 7.85% |
| Cisco Systems, Inc. 7.22% | RTX Corp. 7.13% |
| Salesforce, Inc. 6.19% | Lockheed Martin Corp. 6.39% |
| Arista Networks, Inc. 5.21% | General Dynamics Corp. 4.52% |
| Booking Holdings Inc. 4.91% | Northrop Grumman Corp. 4.46% |
| Alphabet Inc. (Class A) 4.78% | Honeywell International Inc. 4.39% |
| Oracle Corporation 4.52% | 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 | |||
|---|---|---|---|---|---|---|
| FDN | PPA | FDN | PPA | FDN | PPA | |
| 3 months | +7.0% | −3.0% | +2.3 pts | −7.7 pts | +4.9 pts | −5.1 pts |
| 6 months | +18.1% | −8.5% | +2.9 pts | −23.7 pts | −2.1 pts | −28.7 pts |
| 1 year | +3.8% | +12.6% | −16.2 pts | −7.3 pts | −21.8 pts | −13.0 pts |
| 3 years | +69.7% | +100.0% | −8.3 pts | +22.1 pts | −23.8 pts | +6.5 pts |
| Since launch | +1039.1% | +1021.7% | +227.8 pts | +210.4 pts | −644.9 pts | −662.3 pts |
| FDN First Trust Dow Jones Internet Index Fund | PPA Invesco Aerospace & Defense ETF | |
|---|---|---|
| Issuer | First Trust | Invesco |
| Theme | Internet and e-commerce | Defense |
| In the S&P 500 | 82.7% | 71.1% |
| Active share vs the S&P 500 | 85.5% | 96.4% |
| In the Nasdaq-100 | 57.3% | 7.3% |
| Holdings | 42 | 60 |
| Top ten, share of the fund | 60.6% | 55.5% |
| Expense ratio | 0.49% | 0.58% |
| Fee for the differing part | 0.57% | 0.60% |
| Total return, 1 year | +3.8% | +12.6% |
| vs the S&P 500 | −16.2 pts | −7.3 pts |
| vs the Nasdaq-100 | −21.8 pts | −13.0 pts |
| Below its high | −1.5% | −10.9% |
FDN in plain words
By weight, 83% of FDN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 61% of the fund across 42 positions, as filed for Sep 3, 2026. Over the year to Sep 4, 2026 the fund returned +3.8% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 16.2 pts.
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 FDN and PPA hold the same stocks?
- By their latest filings, 0% 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, FDN or PPA?
- FDN has 83% of its weight in S&P 500 names and PPA has 71%, so PPA differs more from the index.
- Which is cheaper, FDN or PPA?
- FDN charges 0.49% a year and PPA charges 0.58%, so FDN 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, FDN against PPA, data as of Sep 4, 2026. https://etfiq.com/compare/themes/FDN-PPA.html Free to use with attribution; the underlying files are at Open data.