Data as of . Every figure is the themes desk's own, on published data.
PPA vs QTUM
5% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PPA and QTUM hold 5% of their money in the same securities at the same weight.
| Holding | PPA | QTUM |
|---|---|---|
| RTX Corp. | 7.13% | 1.14% |
| Lockheed Martin Corp. | 6.39% | 1.04% |
| Northrop Grumman Corp. | 4.46% | 1.00% |
| Palantir Technologies Inc. | 1.23% | 0.96% |
| Only in PPA | Only in QTUM |
|---|---|
| Boeing Co. (The) 9.11% | Arqit Quantum Inc 2.43% |
| General Electric Co. 7.85% | Horizon Quantum Holdings LTD 2.40% |
| General Dynamics Corp. 4.52% | Quantinuum Inc 1.58% |
| Honeywell International Inc. 4.39% | Astera Labs Inc 1.56% |
| Howmet Aerospace Inc. 4.18% | Applied Materials Inc 1.56% |
| L3Harris Technologies, Inc. 3.76% | KLA Corp 1.51% |
| Parker-Hannifin Corp. 3.74% | MKS Inc 1.51% |
| Elbit Systems Ltd. 3.58% | Onto Innovation Inc 1.50% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PPA | QTUM | PPA | QTUM | PPA | QTUM | |
| 3 months | −3.0% | −3.0% | −7.7 pts | −7.7 pts | −5.1 pts | −5.1 pts |
| 6 months | −8.5% | +35.5% | −23.7 pts | +20.3 pts | −28.7 pts | +15.3 pts |
| 1 year | +12.6% | +58.6% | −7.3 pts | +38.7 pts | −13.0 pts | +33.0 pts |
| 3 years | +100.0% | +196.2% | +22.1 pts | +118.3 pts | +6.5 pts | +102.8 pts |
| Since launch | +1021.7% | +538.2% | +210.4 pts | +337.0 pts | −662.3 pts | +225.3 pts |
| PPA Invesco Aerospace & Defense ETF | QTUM Defiance Quantum ETF | |
|---|---|---|
| Issuer | Invesco | Defiance |
| Theme | Defense | Quantum computing |
| In the S&P 500 | 71.1% | 35.6% |
| Active share vs the S&P 500 | 96.4% | 83.5% |
| In the Nasdaq-100 | 7.3% | 27.8% |
| Holdings | 60 | 86 |
| Top ten, share of the fund | 55.5% | 17.0% |
| Expense ratio | 0.58% | 0.40% |
| Fee for the differing part | 0.60% | 0.48% |
| Total return, 1 year | +12.6% | +58.6% |
| vs the S&P 500 | −7.3 pts | +38.7 pts |
| vs the Nasdaq-100 | −13.0 pts | +33.0 pts |
| Below its high | −10.9% | −12.2% |
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.
QTUM in plain words
By weight, 36% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 84%. The top ten holdings are 17% of the fund across 86 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +58.6% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 38.7 pts. It sits 12.2% below its all-time high of Jun 2, 2026.
Questions people ask
- Do PPA and QTUM hold the same stocks?
- By their latest filings, 5% 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, PPA or QTUM?
- PPA has 71% of its weight in S&P 500 names and QTUM has 36%, so PPA differs more from the index.
- Which is cheaper, PPA or QTUM?
- PPA charges 0.58% a year and QTUM charges 0.40%, so QTUM 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, PPA against QTUM, data as of Sep 4, 2026. https://etfiq.com/compare/themes/PPA-QTUM.html Free to use with attribution; the underlying files are at Open data.