Data as of . Every figure is the themes desk's own, on published data.
IFRA vs PPA
iShares U.S. Infrastructure ETF and Invesco Aerospace & Defense ETF, side by side on the themes desk.
2% of the two portfolios are the same securities at the same weight.
Open the live comparison on ETFIQ| IFRA iShares U.S. Infrastructure ETF | PPA Invesco Aerospace & Defense ETF | |
|---|---|---|
| Issuer | iShares | Invesco |
| Theme | Infrastructure | Defense |
| In the S&P 500 | 75.7% | 71.1% |
| Active share vs the S&P 500 | 95.4% | 96.4% |
| In the Nasdaq-100 | 10.0% | 7.3% |
| Holdings | 161 | 60 |
| Top ten, share of the fund | 32.4% | 55.5% |
| Expense ratio | not published | 0.58% |
| Fee for the differing part | not published | 0.60% |
| Total return, 1 year | +16.3% | +12.6% |
| vs the S&P 500 | −3.7 pts | −7.3 pts |
| vs the Nasdaq-100 | −9.3 pts | −13.0 pts |
| Below its high | −7.5% | −10.9% |
IFRA in plain words
By weight, 76% of IFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 32% of the fund across 161 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +16.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 3.7 pts. It sits 7.5% below its all-time high of Jun 25, 2026.
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 IFRA and PPA hold the same stocks?
- By their latest filings, 2% 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, IFRA or PPA?
- IFRA has 76% of its weight in S&P 500 names and PPA has 71%, so PPA differs more from the index.
Other comparisons
Cite this page. ETFIQ, IFRA against PPA, data as of Sep 4, 2026. https://etfiq.com/compare/themes/IFRA-PPA.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources