IDEFvsPPAETF Comparison
ETF 1
IDEF
iShares Defense Industrials Active ETF
VS
ETF 2
PPA
Invesco Aerospace & Defense ETF
iShares Defense Industrials Active ETF (IDEF) and Invesco Aerospace & Defense ETF (PPA) belong to the same industry segment: . Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Materials. IDEF is less expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.58% for PPA. IDEF is up 5.97% year-to-date (YTD) with +$4.21B in YTD flows. PPA performs better with 12.56% YTD performance, and +$593M in YTD flows. Run a side-by-side ETF comparison of IDEF 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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IDEF vs PPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IDEF PPA | -1.84%+4.02% | -7.59%-0.91% | +5.97%+12.56% | +23.25%+30.51% | n/a+117.15% | n/a+135.56% |
| Flows | IDEF PPA | +$485M-$28M | +$4.14B+$42M | +$4.21B+$593M | +$4.23B+$1.17B | -+$2.88B | -+$3.90B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IDEF PPA | +27.06%+26.36% | +21.00%+20.05% | n/a+18.08% | n/a+18.62% |
| Max drawdown | IDEF PPA | -11.72%-9.95% | -14.45%-13.68% | n/a-15.16% | n/a-18.41% |
| Max drawdown duration | IDEF PPA | 86d77d | 101d101d | n/a171d | n/a227d |
Trading data
IDEF | PPA | |
Last sale 6/12/2026 at 1:30 PM | $32.30 | $174.13 |
| Previous close 06/11/2026 | $32.82 | $176.32 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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IDEF
is actively managed and doesn’t replicate an indexIDEF | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
IDEF | PPA | |
|---|---|---|
| Last price | $32.30 | $174.13 |
| 1D performance | -1.58% | -1.24% |
| AuM | $4.00 B | $8.30 B |
| E/R | 0.55% | 0.58% |
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Exposure
Countries
IDEF
USA
58.39%
Republic of Korea
10.9%
Other
30.72%
PPA
USA
93.44%
Other
6.56%
Sectors
IDEF
Industrials
75.02%
Information Techn.
7.53%
Other
17.44%
PPA
Industrials
83.68%
Information Techn.
7.34%
Other
8.98%
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Diversification
IDEF
Total weight of top 15 holdings out of 15
49.09%
PPA
Total weight of top 15 holdings out of 15
69.25%
Top 15 holdings
Data as of April 30, 2026
IDEF
RAYTHEON TECHNOLOGIES CORPORD
8.92%
LOCKHEED MARTIN
5.00%
PALANTIR TECHNOLOGIES
4.39%
GENERAL DYNAMICS
4.30%
NORTHROP GRUMMAN
3.91%
ROLLS-ROYCE HOLDINGS
2.81%
MITSUBISHI HVY
2.68%
RHEINMETALL
2.65%
BOEING U
2.64%
US7731211089
2.57%
BWX TECHNOLOGIES INC
2.25%
BAE SYSTEMS
2.03%
CAMECO
1.70%
HANWHA AEROSPACE
1.65%
HYUNDAI-ROTEM
1.57%
PPA
BOEING U
9.30%
GENERAL ELECTRIC
7.78%
RAYTHEON TECHNOLOGIES CORPORD
7.10%
LOCKHEED MARTIN
6.40%
NORTHROP GRUMMAN
4.47%
HONEYWELL INTL
4.38%
HOWMET AEROSPACE INC
4.20%
GENERAL DYNAMICS
4.15%
PARKER HANNIFIN
4.05%
L3 HARRIS TECHNOLOGIES
3.80%
ELBIT SYSTEMS
3.53%
US7731211089
2.79%
TRANSDIGM GROUP
2.64%
AMPHENOL
2.38%
EATON CORP PLC
2.29%
Frequently asked questions about IDEF and PPA
How have the IDEF and PPA ETFs performed in 2026?
As of June 11, 2026, IDEF is up 5.97% year-to-date (YTD), while PPA has returned 12.56%. That puts PPA better performer ahead so far this year.
Which ETF is attracting more investor money: IDEF or PPA?
Year-to-date, the IDEF ETF saw +$4.21B in flows, compared to +$593M for PPA.
Which ETF is more volatile: IDEF or PPA?
Over the past year, IDEF had a volatility of 21%, while PPA experienced 20.05%.
Which ETF is bigger: IDEF or PPA?
As of June 11, 2026, IDEF holds $4.00 B in assets under management (AUM), while PPA manages $8.30 B.
What sectors do the IDEF and PPA ETFs invest in?
IDEF leans toward sectors like Industrials and Information Technology. Meanwhile, PPA focuses on Industrials and Information Technology.
What are the top holdings of the IDEF ETF and PPA ETF?
IDEF top holdings include RAYTHEON TECHNOLOGIES CORPORD, LOCKHEED MARTIN and PALANTIR TECHNOLOGIES. PPA holds in its top three: BOEING U, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD.
Which ETF is more diversified: IDEF or PPA?
IDEF holds 111 securities with 49.09% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 69.25%.
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Latest news about IDEF & PPA
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