Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
FOWFvsPPAETF Comparison
Invesco Aerospace & Defense ETF
Pacer Solactive Whitney Future of Warfare ETF (FOWF) belongs to the US Large Cap segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. FOWF's top 3 sector exposures are Industrials, Information Technology and Communication Services. In contrast, PPA's top sector exposures are Industrials, Information Technology and Materials. FOWF is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.58% for PPA. FOWF is up 8.26% year-to-date (YTD) with +$6M in YTD flows. PPA performs better with 11.11% YTD performance, and +$569M in YTD flows. Run a side-by-side ETF comparison of FOWF 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.
FOWF vs PPA performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FOWF PPA | +0.50%+0.05% | +9.16%+12.94% | +8.26%+11.11% | +35.76%+52.78% | n/a+125.52% | n/a+148.84% |
| Flows | FOWF PPA | +$5M+$325M | +$7M+$643M | +$6M+$569M | +$12M+$1.25B | -+$2.84B | -+$3.87B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FOWF PPA | +14.50%+22.37% | +16.02%+21.29% | n/a+17.11% | n/a+17.97% |
| Max drawdown | FOWF PPA | -3.75%-6.25% | -12.32%-13.09% | n/a-15.16% | n/a-18.41% |
| Max drawdown duration | FOWF PPA | 10d10d | 35d34d | n/a171d | n/a227d |
FOWF | PPA | |
Last sale 3/13/2026 at 1:30 PM | $173.23 | |
| Previous close 03/12/2026 | $174.08 | |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
FOWF | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FOWF | PPA | |
|---|---|---|
| Last price | – | $173.23 |
| 1D performance | – | -0.49% |
| AuM | $14.27 M | $8.17 B |
| E/R | 0.6% | 0.58% |
FOWF | PPA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | PACER ETFs | Invesco |
| Benchmark | Solactive Whitney Future of Warfare Index | SPADE Defense Index |
| N° of holdings | 83 | 51 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 17, 2024 | October 26, 2005 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FOWF and PPA ETFs performed in 2026?
As of March 12, 2026, FOWF is up 8.26% year-to-date (YTD), while PPA has returned 11.11%. That puts PPA better performer ahead so far this year.
Which ETF is attracting more investor money: FOWF or PPA?
Year-to-date, the FOWF ETF saw +$6M in flows, compared to +$569M for PPA.
Which ETF is more volatile: FOWF or PPA?
Over the past year, FOWF had a volatility of 16.02%, while PPA experienced 21.29%.
Which ETF is bigger: FOWF or PPA?
As of March 12, 2026, FOWF holds $14.27 M in assets under management (AUM), while PPA manages $8.17 B.
What sectors do the FOWF and PPA ETFs invest in?
FOWF leans toward sectors like Industrials and Information Technology. Meanwhile, PPA focuses on Industrials.
What are the top holdings of the FOWF ETF and PPA ETF?
FOWF top holdings include LOCKHEED MARTIN, BOEING U and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: BOEING U, RAYTHEON TECHNOLOGIES CORPORD and LOCKHEED MARTIN.
Which ETF is more diversified: FOWF or PPA?
FOWF holds 86 securities with 55.99% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 71.65%.
Calamos Investments Powers the Next Phase of the Autocallable Revolution
Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.
Accepted for 1 CE Credit
