Data as of . Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested.
PPA · Invesco Aerospace & Defense ETF
Invesco · Themes desk
Open the live card on ETFIQBy 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.
| Theme (ETFIQ, editorial) | Defense |
|---|---|
| Launched | Jan 4, 2010 |
| Already in the S&P 500, by weight (ETFIQ) | 71.1% |
| Active share vs the S&P 500 (ETFIQ) | 96.4% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 7.3% |
| Active share vs the Nasdaq-100 (ETFIQ) | 97.9% |
| Top ten holdings weight | 55.5% |
| Holdings | 60 |
| Net assets (latest filing) | $8,014M |
| Holdings as of (SEC N-PORT) | Apr 30, 2026 |
| Top holdings | Boeing Co. (The) 9.1%, General Electric Co. 7.8%, RTX Corp. 7.1%, Lockheed Martin Corp. 6.4%, General Dynamics Corp. 4.5%, Northrop Grumman Corp. 4.5%, Honeywell International Inc. 4.4%, Howmet Aerospace Inc. 4.2%, L3Harris Technologies, Inc. 3.8%, Parker-Hannifin Corp. 3.7% |
| 3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −3.0% / +4.7% / −7.7 pts / −5.1 pts |
| 6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −8.5% / +15.2% / −23.7 pts / −28.7 pts |
| 1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +12.6% / +20.0% / −7.3 pts / −13.0 pts |
| 3 years: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +100.0% / +78.0% / +22.1 pts / +6.5 pts |
| since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +1021.7% / +811.4% / +210.4 pts / −662.3 pts |
| Below its all-time high (ETFIQ) | −10.9% |
| Expense ratio (prospectus XBRL) | 0.58% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.60% |
| Closest funds by holdings overlap | ITA 66%, MISL 64%, NATO 59%, WDGF 49%, GCAD 48% |
Questions people ask
- How much of PPA is already in the S&P 500?
- By its holdings filed for Apr 30, 2026, 71% of PPA by weight is stocks the S&P 500 already holds. Its active share against the index is 96%, so that share is the part doing something different.
- What does PPA hold?
- 60 positions as filed for Apr 30, 2026, with the top ten at 56% of the fund. The largest are Boeing Co. (The) at 9.1%, General Electric Co. at 7.8%, RTX Corp. at 7.1%.
- Has PPA beaten the S&P 500?
- Over the year to Sep 4, 2026 PPA returned +12.6% with distributions reinvested, against +20.0% for the S&P 500, so it finished behind the index by 7.3 points.
- What does PPA cost?
- The prospectus expense ratio is 0.58% a year. Because 96% of the fund differs from the S&P 500, the fee on that differing part works out at 0.60%.
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.
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