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 Non-Energy Materials. ARKX is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.58% for PPA. ARKX is up 6.32% year-to-date (YTD) with +$206M in YTD flows. PPA performs worse with 3.46% YTD performance, and +$705M 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 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ARKX PPA | -7.48%-12.00% | -7.12%-8.08% | +6.32%+3.46% | +22.74%+8.58% | +120.17%+100.36% | +54.21%+129.71% |
| Flows | ARKX PPA | -$37M+$44M | -$235M+$119M | +$206M+$705M | +$279M+$915M | +$245M+$2.92B | +$86M+$4.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ARKX PPA | +29.30%+20.43% | +33.19%+21.68% | +28.19%+18.75% | +27.51%+18.83% |
| Max drawdown | ARKX PPA | -16.00%-13.10% | -21.57%-13.68% | -25.02%-15.16% | -43.35%-18.41% |
| Max drawdown duration | ARKX PPA | 88d26d | 106d193d | 130d171d | 1166d227d |
Trading data
ARKX | PPA | |
Last sale 9/11/2026 at 1:30 PM | $31.84 | $161.81 |
| Previous close 09/10/2026 | $31.67 | $160.68 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/11/2026 at 1:30 PM
Live
Closed
ARKX | PPA | |
|---|---|---|
| Last price | $31.84 | $161.81 |
| 1D performance | +0.55% | +0.70% |
| AuM | $755.06 M | $7.73 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 | 34 | 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
86.62%
Other
13.38%
PPA
USA
93.9%
Other
6.1%
Sectors
ARKX
Industrials
52.91%
Technology
24.79%
Telecommunication.
9.49%
Other
12.81%
PPA
Industrials
88.19%
Other
11.81%
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Diversification
ARKX
Total weight of top 15 holdings out of 15
70.49%
PPA
Total weight of top 15 holdings out of 15
69.6%
Top 15 holdings
Data as of July 31, 2026
ARKX
Space Exploration Technologies Corp.
7.67%
L3Harris Technologies, Inc.
7.53%
Kratos Defense & Security Solutions, Inc.
6.22%
Deere & Co.
5.41%
Advanced Micro Devices, Inc.
4.93%
Amazon.com, Inc.
4.90%
Rocket Lab Corp.
4.74%
AeroVironment, Inc.
4.53%
Alphabet, Inc.
4.36%
Teradyne, Inc.
3.96%
NVIDIA Corp.
3.39%
Komatsu Ltd.
3.35%
Trimble, Inc.
3.34%
Archer Aviation, Inc.
3.12%
Tesla, Inc.
3.04%
PPA
RTX Corp.
8.49%
GE Aerospace
7.08%
The Boeing Co.
6.95%
Lockheed Martin Corp.
6.63%
General Dynamics Corp.
5.04%
Northrop Grumman Corp.
4.79%
Howmet Aerospace, Inc.
4.42%
L3Harris Technologies, Inc.
4.20%
Honeywell Aerospace, Inc.
4.15%
Parker-Hannifin Corp.
3.67%
Elbit Systems Ltd.
3.39%
Axon Enterprise, Inc.
3.29%
TransDigm Group, Inc.
3.18%
Amphenol Corp.
2.41%
Eaton Corp. Plc
1.91%
Frequently asked questions about ARKX and PPA
How have the ARKX and PPA ETFs performed in 2026?
As of September 11, 2026, ARKX is up 6.32% year-to-date (YTD), while PPA has returned 3.46%. 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 +$206M in flows, compared to +$705M for PPA.
Which ETF is more volatile: ARKX or PPA?
Over the past year, ARKX had a volatility of 33.19%, while PPA experienced 21.68%.
Which ETF is bigger: ARKX or PPA?
As of September 11, 2026, ARKX holds $755.06 M in assets under management (AUM), while PPA manages $7.73 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 35 securities with 70.49% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 69.6%.
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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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