Do ARTY and PPA hold the same stocks?

By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ARTY or PPA?

ARTY has 53% of its weight in S&P 500 names and PPA has 77%, so PPA differs more from the index.

Which is cheaper, ARTY or PPA?

ARTY charges 0.47% a year and PPA charges 0.58%, so ARTY is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

ARTY vs PPA: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, ARTY returned +47.8% to PPA's −0.2%; 3% of their weight is in the same names.

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Net assets: $4.0bn on Oct 28, 2026 for iShares Future AI & Tech ETF, and $7.4bn on Oct 27, 2026 for Invesco Aerospace & Defense ETF.

ARTY on its own →PPA on its own →

At a glance

52.8%

ARTY in the S&P 500

76.7%

PPA in the S&P 500

+47.8%

ARTY total return, 1 year

−0.2%

PPA total return, 1 year

ARTY · 1 year to Oct 28, 2026 47% of its weight is outside the S&P 500

53% of ARTY's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Oct 27, 2026.

PPA · 1 year to Oct 28, 2026 23% of its weight is outside the S&P 500

77% of PPA's weight is in S&P 500 companies and 23% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

ARTY costs 0.11 points a year less; their one-year returns differ by 48.0 points; PPA is 1.9 times larger.

Points (pts) are percentage points.

ARTY vs PPA: Holdings Overlap & Returns
Measure	ARTY	PPA
Return
Measure	ARTY	PPA
Total return, 1 year	+47.8%	−0.2%
Drawdown
Measure	ARTY	PPA
Below its all-time high	8.3%, high on Oct 6, 2026	14.5%, high on Mar 2, 2026
Against its benchmark
Measure	ARTY	PPA
What it tracks	Artificial intelligence	Defense
Against the S&P 500, 1 year		behind by 13.9 pts
Its benchmark, total return, 1 year		+13.7%
Against its benchmark, 1 year		behind by 13.9 pts
Cost and size
Measure	ARTY	PPA
Expense ratio	0.47%	0.58%
Net assets, as of Oct 27, 2026	$3.8bn	$7.4bn
Holdings
Measure	ARTY	PPA
Holdings in common	3%

ETFIQ S&P 500 Difference Score · PPA scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score44.2ARTY74.6PPA

How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

ARTY 44.2

PPA 74.6

0.4, the lowest in this set 99.6, the highest

A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jul 6, 2018 to Oct 23, 2026 · 433 weekly returns

ARTY PPA

Return

Total return edge ARTY (slight) +204.0% +196.0%

Annualized edge ARTY (slight) +14.3% +13.9%

Price return edge ARTY (slight) +185.8% +177.6%

Risk

Volatility edge PPA 27.4% 23.5%

Max drawdown edge PPA −53.8% −41.9%

Risk-adjusted

Sharpe edge PPA (slight) 0.52 0.55

Sortino edge PPA (slight) 0.78 0.80

Calmar edge PPA 0.27 0.33

Reading

ARTY returned slightly more: +204.0% to +196.0%. PPA swung less: 23.5% to 27.4%. PPA fell less at its worst: −41.9% to −53.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ARTY vs PPA: Holdings Overlap & Returns
Measure	ARTY	PPA	Edge	How it is measured
Return
Total return	+204.0%	+196.0%	ARTY (slight)	Price change plus distributions, reinvested.
Annualized	+14.3%	+13.9%	ARTY (slight)	Total return as a yearly rate.
Price return	+185.8%	+177.6%	ARTY (slight)	Price change alone, distributions left out.
Risk
Volatility	27.4%	23.5%	PPA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.4%	16.3%	PPA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−53.8%	−41.9%	PPA	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.52	0.55	PPA (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.78	0.80	PPA (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.27	0.33	PPA	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 433 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, ARTY and PPA hold 3% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first ARTY PPA

PALANTIR TECHNOLOGIES CLASS A 3.12% 1.75%

SPACE EXPLORATION TECHNOLOGIES COR 2.74% 0.92%

Only in one fund ↓

Only in ARTY

ADVANCED MICRO DEVICES 5.59%

MARVELL TECHNOLOGY 5.17%

NVIDIA 4.65%

BROADCOM INC 4.59%

TAIWAN SEMICONDUCTOR MANUFACTURING 4.55%

MICRON TECHNOLOGY 4.36%

ORACLE 3.90%

GLOBAL UNICHIP 3.78%

Only in PPA

Lockheed Martin Corp 9.65%

RTX Corp 9.32%

General Electric Co 8.53%

Boeing Co 7.79%

General Dynamics Corp 5.51%

Northrop Grumman Corp 5.30%

Honeywell Aerospace Inc 4.08%

L3Harris Technologies Inc 4.07%

Check overlap with more funds →

Window by window

Window by window: ARTY vs PPA: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ARTY	PPA	ARTY	PPA
3 months	+21.4%	−7.2%	not measured	−13.3 pts vs IVV
6 months	+22.9%	−3.0%	not measured	−12.1 pts vs IVV
1 year	+47.8%	−0.2%	not measured	−13.9 pts vs IVV
3 years	+165.2%	+102.1%	not measured	+6.7 pts vs IVV
Since launchNot the same days: ARTY Jun 2018 · PPA Oct 2005	+235.5%	+1,190.0%	not measured	not measured

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Side by side

ARTY iShares Future AI & Tech ETF · Holds 51 stocks in artificial intelligence, 53% of its weight in S&P 500 companies PPA Invesco Aerospace & Defense ETF · Holds 70 stocks in defense, 77% of its weight in S&P 500 companies

Issuer iShares Invesco

Theme Artificial intelligence Defense

In the S&P 500 52.8% 76.7%

Active share vs the S&P 500 83.2% 96.4%

In the Nasdaq-100 36.9% 3.8%

Holdings 51 70

Top ten, share of the fund 43.1% 61.2%

Expense ratio 0.47% 0.58%

Fee for the differing part 0.56% 0.60%

Total return, 1 year +47.8% −0.2%

vs its benchmark not measured −13.9 pts vs IVV

Below its high −8.3% −14.5%

Net assets, ARTY as of Oct 28, 2026 and PPA as of Oct 27, 2026 $4.0bn $7.4bn

As of Oct 28, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-9752FE19AE

ARTY and PPA are built for the same job. How do they differ in cost, holdings and results?

Theme. ARTY covers Artificial intelligence and PPA covers Defense.
Concentration. The top ten holdings are 43.1% of ARTY and 61.2% of PPA, a gap of 18.1 points.
What each follows. ARTY follows Artificial intelligence and PPA follows Defense.

Data as of Oct 28, 2026.

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About each fund

ARTY

By weight, 53% of ARTY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 43% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +47.8% with distributions reinvested. It sits 8.3% below its all-time high of Oct 6, 2026.

PPA

By weight, 77% 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 61% of the fund across 70 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 14.5% below its all-time high of Mar 2, 2026.

Questions people ask

Do ARTY and PPA hold the same stocks?: By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ARTY or PPA?: ARTY has 53% of its weight in S&P 500 names and PPA has 77%, so PPA differs more from the index.
Which is cheaper, ARTY or PPA?: ARTY charges 0.47% a year and PPA charges 0.58%, so ARTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARTY vs ITA ARTY vs IDEF ARTY vs SHLD ARTY vs XAR PPA vs BAI PPA vs AIQ PPA vs GDX PPA vs KWEB

Where to next

ARTY on its own →PPA on its own →ARTY dividend history →ARTY holdings →PPA dividend history →PPA holdings →Method →Standards and sources →

Sources and dates

ARTY filings on SEC EDGAR ↗

ARTY prospectus with the expense ratio (SEC) ↗

iShares page for ARTY ↗

PPA filings on SEC EDGAR ↗

PPA prospectus with the expense ratio (SEC) ↗

Invesco page for PPA ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ARTY against PPA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/arty-vs-ppa

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.