Data as of .
PPA vs SIL: which is really different?
PPA and SIL hold 0% of their weight in the same names, and SIL returned more over the year.
ETFIQ Off-Index Score: SIL scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 349 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
0% of the two portfolios are the same securities at the same weight.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PPA | SIL | PPA | SIL | PPA | SIL | |
| 3 months | −7.0% | +18.1% | −10.3 pts | +14.8 pts | −6.2 pts | +18.9 pts |
| 6 months | −6.5% | +2.3% | −22.5 pts | −13.7 pts | −27.2 pts | −18.4 pts |
| 1 year | +8.5% | +49.1% | −9.0 pts | +31.6 pts | −14.4 pts | +26.1 pts |
| 3 years | +100.5% | +298.1% | +22.6 pts | +220.2 pts | +5.4 pts | +203.0 pts |
| Since launch | +998.8% | +159.8% | +194.5 pts | −584.6 pts | −675.1 pts | −1393.6 pts |
| PPA Invesco Aerospace & Defense ETF Holds 62 stocks in defense, 72% of its weight in S&P 500 companies | SIL Global X Silver Miners ETF Holds 41 stocks in miners and metals, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Global X |
| Theme | Defense | Miners and metals |
| In the S&P 500 | 71.8% | 0.0% |
| Active share vs the S&P 500 | 96.4% | 100.0% |
| In the Nasdaq-100 | 4.9% | 0.0% |
| Holdings | 62 | 41 |
| Top ten, share of the fund | 53.7% | 76.1% |
| Expense ratio | 0.58% | 0.65% |
| Fee for the differing part | 0.60% | 0.65% |
| Total return, 1 year | +8.5% | +49.1% |
| vs the S&P 500 | −9.0 pts | +31.6 pts |
| vs the Nasdaq-100 | −14.4 pts | +26.1 pts |
| Below its high | −12.7% | −18.3% |
PPA in plain words
By weight, 72% 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 54% of the fund across 62 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +8.5% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 9.0 pts. It sits 12.7% below its all-time high of Mar 2, 2026.
SIL in plain words
By weight, 0% of SIL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 76% of the fund across 41 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned +49.1% with distributions reinvested against +17.5% for the S&P 500, so a holder was ahead by 31.6 pts. It sits 18.3% below its all-time high of Feb 27, 2026.
Questions people ask
- Do PPA and SIL 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, PPA or SIL?
- PPA has 72% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
- Which is cheaper, PPA or SIL?
- PPA charges 0.58% a year and SIL charges 0.65%, 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, PPA against SIL, data as of Sep 11, 2026. https://etfiq.com/compare/themes/PPA-SIL Free to use with attribution; the underlying files are at Open data.