Data as of . Every figure is the themes desk's own, on published data.
PPA vs TAN
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, PPA and TAN hold 0% of their money in the same securities at the same weight.
| Only in PPA | Only in TAN |
|---|---|
| Boeing Co. (The) 9.11% | First Solar, Inc. 11.74% |
| General Electric Co. 7.85% | Nextpower Inc. 9.81% |
| RTX Corp. 7.13% | Enphase Energy, Inc. 8.75% |
| Lockheed Martin Corp. 6.39% | Enlight Renewable Energy Ltd. 7.58% |
| General Dynamics Corp. 4.52% | SolarEdge Technologies, Inc. 6.32% |
| Northrop Grumman Corp. 4.46% | Doral Group Renewable Energy Resources L 5.09% |
| Honeywell International Inc. 4.39% | Sunrun Inc. 4.83% |
| Howmet Aerospace Inc. 4.18% | O.Y. Nofar Energy Ltd. 4.21% |
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 May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PPA | TAN | PPA | TAN | PPA | TAN | |
| 3 months | −3.0% | −25.0% | −7.7 pts | −29.7 pts | −5.1 pts | −27.1 pts |
| 6 months | −8.5% | −9.8% | −23.7 pts | −25.0 pts | −28.7 pts | −30.0 pts |
| 1 year | +12.6% | +14.3% | −7.3 pts | −5.6 pts | −13.0 pts | −11.3 pts |
| 3 years | +100.0% | −16.7% | +22.1 pts | −94.7 pts | +6.5 pts | −110.2 pts |
| Since launch | +1021.7% | −38.6% | +210.4 pts | −850.0 pts | −662.3 pts | −1722.7 pts |
| PPA Invesco Aerospace & Defense ETF | TAN Invesco Solar ETF | |
|---|---|---|
| Issuer | Invesco | Invesco |
| Theme | Defense | Clean energy |
| In the S&P 500 | 71.1% | 11.7% |
| Active share vs the S&P 500 | 96.4% | 100.0% |
| In the Nasdaq-100 | 7.3% | 0.0% |
| Holdings | 60 | 31 |
| Top ten, share of the fund | 55.5% | 65.2% |
| Expense ratio | 0.58% | 0.70% |
| Fee for the differing part | 0.60% | 0.70% |
| Total return, 1 year | +12.6% | +14.3% |
| vs the S&P 500 | −7.3 pts | −5.6 pts |
| vs the Nasdaq-100 | −13.0 pts | −11.3 pts |
| Below its high | −10.9% | −60.4% |
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.
TAN in plain words
By weight, 12% of TAN'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 65% of the fund across 31 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +14.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 5.6 pts. It sits 60.4% below its all-time high of Feb 9, 2021.
Questions people ask
- Do PPA and TAN 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 TAN?
- PPA has 71% of its weight in S&P 500 names and TAN has 12%, so TAN differs more from the index.
- Which is cheaper, PPA or TAN?
- PPA charges 0.58% a year and TAN charges 0.70%, 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 TAN, data as of Sep 4, 2026. https://etfiq.com/compare/themes/PPA-TAN.html Free to use with attribution; the underlying files are at Open data.