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ARKXvsPPAETF Comparison

ETF 1

ARKX

ARK Space & Defense Innovation ETF

This fund is part of

Multiple Trends

+1.93%

Full ARKX fund page

VS

ETF 2

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

ARK Space & Defense Innovation ETF (ARKX) belongs to the Multiple Trends segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. ARKX's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, PPA's top sector exposures are Industrials, Information Technology and Materials. ARKX is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.58% for PPA. ARKX is up 9.97% year-to-date (YTD) with +$312M in YTD flows. PPA performs worse with 6.03% YTD performance, and +$716M in YTD flows. Run a side-by-side ETF comparison of ARKX and PPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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ARKX vs PPA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ARKX PPA	+9.03%-1.64%	-0.26%-5.25%	+9.97%+6.03%	+79.14%+40.62%	+143.08%+108.01%	+58.11%+130.09%
Flows	ARKX PPA	+$123M+$99M	-$149M+$577M	+$312M+$716M	+$419M+$1.43B	+$338M+$2.97B	+$93M+$4.02B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ARKX PPA	+34.96%+23.63%	+30.20%+18.21%	+26.43%+17.53%	+26.22%+18.26%
Max drawdown	ARKX PPA	-17.38%-13.68%	-20.35%-13.68%	-25.02%-15.16%	-43.56%-18.41%
Max drawdown duration	ARKX PPA	87d53d	95d53d	130d171d	1238d227d

Trading data

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	ARKX	PPA
Last sale 4/27/2026 at 1:30 PM	$33.24	$165.81
Previous close 04/24/2026	$32.97	$166.07
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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ARKX

is actively managed and doesn’t replicate an index

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	ARKX	PPA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	ARKX	PPA
Last price	$33.24	$165.81
1D performance	+0.82%	-0.16%
AuM	$892.97 M	$7.94 B
E/R	0.76%	0.58%

Characteristics

	ARKX	PPA
Management strategy	Active	Passive
Provider	Ark Investment	Invesco
Benchmark	-	SPADE Defense Index
N° of holdings	28	51
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 30, 2021	October 26, 2005
ESG	No	No

More ARKX data on Trackinsight

More PPA data on Trackinsight

Exposure

Countries

ARKX

USA

72.42%

Other

27.58%

PPA

USA

93.85%

Other

6.15%

Sectors

ARKX

Industrials

50.78%

Information Techn.

20.04%

Consumer Discreti.

7.52%

Other

21.66%

PPA

Industrials

87.55%

Other

12.45%

Diversification

ARKX

Total weight of top 15 holdings out of 15

66.75%

PPA

Total weight of top 15 holdings out of 15

72.93%

Top 15 holdings

Data as of March 31, 2026

ARKX

L3 HARRIS TECHNOLOGIES

9.49%

TERADYNE

6.66%

KRATOS DEFENSE AND SECURITY SOLS

6.62%

DEERE

6.29%

AEROVIRONMENT

5.30%

ADVANCED MICRO DEVICES

4.65%

TRIMBLE INC

4.03%

ARCHER AVIATION

3.77%

IRIDIUM COMMUNICATIONS

3.31%

AMAZON.COM INC

3.29%

ALPHABET INC-CL

2.98%

KOMATSU

2.97%

TESLA

2.55%

JOBY AVIATION

2.50%

NVIDIA

2.34%

PPA

LOCKHEED MARTIN

9.36%

RAYTHEON TECHNOLOGIES CORPORD

8.76%

GENERAL ELECTRIC

7.70%

BOEING U

7.53%

NORTHROP GRUMMAN

6.36%

GENERAL DYNAMICS

5.21%

L3 HARRIS TECHNOLOGIES

4.52%

HONEYWELL INTL

4.43%

HOWMET AEROSPACE INC

4.26%

ELBIT SYSTEMS

3.57%

PARKER HANNIFIN

3.20%

TRANSDIGM GROUP

2.41%

AMPHENOL

2.28%

EATON CORP PLC

1.84%

CURTISS WRIGHT

1.49%

Frequently asked questions about ARKX and PPA

How have the ARKX and PPA ETFs performed in 2026?

As of April 24, 2026, ARKX is up 9.97% year-to-date (YTD), while PPA has returned 6.03%. That puts ARKX better performer ahead so far this year.

Which ETF is attracting more investor money: ARKX or PPA?

Year-to-date, the ARKX ETF saw +$312M in flows, compared to +$716M for PPA.

Which ETF is more volatile: ARKX or PPA?

Over the past year, ARKX had a volatility of 30.2%, while PPA experienced 18.21%.

Which ETF is bigger: ARKX or PPA?

As of April 24, 2026, ARKX holds $892.97 M in assets under management (AUM), while PPA manages $7.94 B.

What sectors do the ARKX and PPA ETFs invest in?

ARKX leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, PPA focuses on Industrials.

What are the top holdings of the ARKX ETF and PPA ETF?

ARKX top holdings include L3 HARRIS TECHNOLOGIES, TERADYNE and KRATOS DEFENSE AND SECURITY SOLS. PPA holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

ARKXvsPPAETF Comparison

ARK Space & Defense Innovation ETF

Invesco Aerospace & Defense ETF

ARKX vs PPA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ARKX and PPA ETFs performed in 2026?

As of April 24, 2026, ARKX is up 9.97% year-to-date (YTD), while PPA has returned 6.03%. That puts ARKX better performer ahead so far this year.

Which ETF is attracting more investor money: ARKX or PPA?

Year-to-date, the ARKX ETF saw +$312M in flows, compared to +$716M for PPA.

Which ETF is more volatile: ARKX or PPA?

Over the past year, ARKX had a volatility of 30.2%, while PPA experienced 18.21%.

Which ETF is bigger: ARKX or PPA?

As of April 24, 2026, ARKX holds $892.97 M in assets under management (AUM), while PPA manages $7.94 B.

What sectors do the ARKX and PPA ETFs invest in?

ARKX leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, PPA focuses on Industrials.

What are the top holdings of the ARKX ETF and PPA ETF?

ARKX top holdings include L3 HARRIS TECHNOLOGIES, TERADYNE and KRATOS DEFENSE AND SECURITY SOLS. PPA holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

Which ETF is more diversified: ARKX or PPA?

ARKX holds 28 securities with 66.75% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.93%.

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