ARKXvsPPAETF Comparison
VS
ETF 2
PPA
Invesco Aerospace & Defense ETF
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, Technology and Telecommunications. In contrast, PPA's top sector exposures are Industrials, Technology and Business Services. ARKX is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.58% for PPA. ARKX is up 2.93% year-to-date (YTD) with +$184M in YTD flows. PPA performs worse with 0.54% YTD performance, and +$648M 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
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ARKX PPA | -3.84%+0.40% | +0.40%-11.23% | +2.93%+0.54% | -0.61%-1.33% | +142.96%+100.64% | +54.60%+121.96% |
| Flows | ARKX PPA | -$22M-$746M | -$92M+$20M | +$184M+$648M | +$211M+$695M | +$228M+$2.67B | +$90M+$3.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ARKX PPA | +25.52%+18.69% | +32.49%+21.39% | +28.31%+18.71% | +27.63%+18.85% |
| Max drawdown | ARKX PPA | -15.05%-17.14% | -21.57%-17.34% | -25.02%-17.34% | -43.35%-18.41% |
| Max drawdown duration | ARKX PPA | 72d72d | 152d239d | 130d239d | 1166d227d |
Trading data
ARKX | PPA | |
Last sale 10/28/2026 at 1:30 PM | $30.80 | $158.07 |
| Previous close 10/27/2026 | $30.84 | $156.87 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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ARKX
is actively managed and doesn’t replicate an indexARKX | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
ARKX | PPA | |
|---|---|---|
| Last price | $30.80 | $158.07 |
| 1D performance | -0.13% | +0.76% |
| AuM | $707.85 M | $7.41 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 | 33 | 61 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 30, 2021 | October 26, 2005 |
| ESG | No | No |
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Exposure
Countries
ARKX
USA
88.11%
Other
11.89%
PPA
USA
93.91%
Other
6.09%
Sectors
ARKX
Industrials
50.86%
Technology
23.81%
Telecommunication.
11.1%
Other
14.22%
PPA
Industrials
86.69%
Other
13.31%
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Diversification
ARKX
Total weight of top 15 holdings out of 15
72.68%
PPA
Total weight of top 15 holdings out of 15
68.17%
Top 15 holdings
Data as of August 31, 2026
ARKX
Space Exploration Technologies Corp.
10.16%
L3Harris Technologies, Inc.
6.83%
Kratos Defense & Security Solutions, Inc.
6.42%
Deere & Co.
5.37%
Rocket Lab Corp.
4.89%
Amazon.com, Inc.
4.60%
NVIDIA Corp.
4.31%
AeroVironment, Inc.
4.25%
Advanced Micro Devices, Inc.
4.20%
Alphabet, Inc.
3.87%
Palantir Technologies, Inc.
3.82%
Archer Aviation, Inc.
3.67%
Teradyne, Inc.
3.56%
Tesla, Inc.
3.39%
Trimble, Inc.
3.34%
PPA
RTX Corp.
8.32%
GE Aerospace
6.88%
The Boeing Co.
6.78%
Lockheed Martin Corp.
6.56%
General Dynamics Corp.
5.00%
Northrop Grumman Corp.
4.86%
Howmet Aerospace, Inc.
4.31%
Parker-Hannifin Corp.
3.89%
Axon Enterprise, Inc.
3.77%
L3Harris Technologies, Inc.
3.68%
Honeywell Aerospace, Inc.
3.24%
Elbit Systems Ltd.
3.16%
TransDigm Group, Inc.
2.97%
Amphenol Corp.
2.57%
Eaton Corp. Plc
2.19%
Frequently asked questions about ARKX and PPA
How have the ARKX and PPA ETFs performed in 2026?
As of October 27, 2026, ARKX is up 2.93% year-to-date (YTD), while PPA has returned 0.54%. 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 +$184M in flows, compared to +$648M for PPA.
Which ETF is more volatile: ARKX or PPA?
Over the past year, ARKX had a volatility of 32.49%, while PPA experienced 21.39%.
Which ETF is bigger: ARKX or PPA?
As of October 27, 2026, ARKX holds $707.85 M in assets under management (AUM), while PPA manages $7.41 B.
What sectors do the ARKX and PPA ETFs invest in?
ARKX leans toward sectors like Industrials, Technology and Telecommunications. Meanwhile, PPA focuses on Industrials.
What are the top holdings of the ARKX ETF and PPA ETF?
ARKX top holdings include Space Exploration Technologies Corp., L3Harris Technologies, Inc. and Kratos Defense & Security Solutions, Inc.. PPA holds in its top three: RTX Corp., GE Aerospace and The Boeing Co..
Which ETF is more diversified: ARKX or PPA?
ARKX holds 34 securities with 72.68% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 68.17%.
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Latest news about ARKX & PPA
ETF Model Portfolios: The Geopolitical Risk Thematic Hedge
July 2, 2026
PPA
Tony's ETF Buyer's Guide: Investing in the Space Industry
May 15, 2026
ARKX
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