BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

ITAvsPPAETF Comparison

ETF 1

ITA

iShares U.S. Aerospace & Defense ETF

This fund is part of

US Large Cap

+0.46%

Full ITA fund page

VS

ETF 2

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

iShares U.S. Aerospace & Defense ETF (ITA) belongs to the US Large Cap segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. ITA's top 3 sector exposures are Industrials, Materials and Information Technology. In contrast, PPA's top sector exposures are Industrials, Information Technology and Materials. ITA is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.58% for PPA. ITA is up 5.05% year-to-date (YTD) with +$380M in YTD flows. PPA performs better with 9.66% YTD performance, and +$650M in YTD flows. Run a side-by-side ETF comparison of ITA 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

ITA vs PPA performance and flow charts

Performance

Cumulative Flows

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

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 04/06/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ITA PPA	-6.82%-5.01%	-2.10%+2.13%	+5.05%+9.66%	+66.83%+63.60%	+101.60%+117.89%	+122.53%+140.06%
Flows	ITA PPA	-$1.35B+$201M	+$380M+$643M	+$380M+$650M	+$4.10B+$1.32B	+$2.87B+$2.92B	+$5.32B+$3.95B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ITA PPA	+24.95%+23.51%	+21.47%+20.06%	+18.85%+17.32%	+19.80%+18.13%
Max drawdown	ITA PPA	-15.79%-13.68%	-15.79%-13.68%	-15.79%-15.16%	-18.75%-18.41%
Max drawdown duration	ITA PPA	35d35d	35d35d	35d171d	227d227d

Trading data

Create an account to view trading data

Join for free

	ITA	PPA
Last sale 4/7/2026 at 1:30 PM	$223.30	$170.46
Previous close 04/06/2026	$225.20	$171.67
Consolidated volume 04/06/2026
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

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

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

Main metrics

Last update 4/7/2026 at 1:30 PM

Live

Closed

	ITA	PPA
Last price	$223.30	$170.46
1D performance	-0.84%	-0.70%
AuM	$13.79 B	$8.15 B
E/R	0.38%	0.58%

Characteristics

	ITA	PPA
Management strategy	Passive	Passive
Provider	iShares	Invesco
Benchmark	Dow Jones U.S. Select Aerospace & Defense Index	SPADE Defense Index
N° of holdings	35	51
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 1, 2006	October 26, 2005
ESG	No	No

More ITA data on Trackinsight

More PPA data on Trackinsight

Exposure

Countries

ITA

USA

99.93%

Other

0.07%

PPA

USA

94.61%

Other

5.39%

Sectors

ITA

Industrials

91.74%

Other

8.26%

PPA

Industrials

87.37%

Other

12.63%

Diversification

ITA

Total weight of top 15 holdings out of 15

85.42%

PPA

Total weight of top 15 holdings out of 15

72.44%

Top 15 holdings

Data as of February 28, 2026

ITA

GENERAL ELECTRIC

21.00%

RAYTHEON TECHNOLOGIES CORPORD

15.48%

BOEING U

7.65%

LOCKHEED MARTIN

5.18%

HOWMET AEROSPACE INC

5.11%

NORTHROP GRUMMAN

4.84%

L3 HARRIS TECHNOLOGIES

4.68%

GENERAL DYNAMICS

3.87%

TRANSDIGM GROUP

3.81%

AXON ENTERPRISE INC

3.55%

US7731211089

2.79%

CURTISS WRIGHT

2.12%

WOODWARD

1.90%

ATI INC

1.82%

CARPENTER TECHNOLOGY

1.62%

PPA

LOCKHEED MARTIN

8.88%

GENERAL ELECTRIC

8.46%

RAYTHEON TECHNOLOGIES CORPORD

8.32%

BOEING U

8.27%

NORTHROP GRUMMAN

6.07%

GENERAL DYNAMICS

4.81%

HOWMET AEROSPACE INC

4.43%

HONEYWELL INTL

4.33%

L3 HARRIS TECHNOLOGIES

4.26%

PARKER HANNIFIN

3.34%

ELBIT SYSTEMS

2.87%

TRANSDIGM GROUP

2.53%

AMPHENOL

2.49%

EATON CORP PLC

1.76%

AXON ENTERPRISE INC

1.62%

Frequently asked questions about ITA and PPA

How have the ITA and PPA ETFs performed in 2026?

As of April 6, 2026, ITA is up 5.05% year-to-date (YTD), while PPA has returned 9.66%. That puts PPA better performer ahead so far this year.

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

Year-to-date, the ITA ETF saw +$380M in flows, compared to +$650M for PPA.

Which ETF is more volatile: ITA or PPA?

Over the past year, ITA had a volatility of 21.47%, while PPA experienced 20.06%.

Which ETF is bigger: ITA or PPA?

As of April 6, 2026, ITA holds $13.79 B in assets under management (AUM), while PPA manages $8.15 B.

What sectors do the ITA and PPA ETFs invest in?

ITA leans toward sectors like Industrials. Meanwhile, PPA focuses on Industrials.

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

ITA top holdings include GENERAL ELECTRIC, RAYTHEON TECHNOLOGIES CORPORD and BOEING U. PPA holds in its top three: LOCKHEED MARTIN, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD.

Which ETF is more diversified: ITA or PPA?

ITA holds 42 securities with 85.42% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.44%.

Trump’s “Big Beautiful Bill” Passes Final Vote: ETF Winners & Losers

July 10, 2025

ITA

PPA

MoneyShow Chart of the Day 6/18/25: Defense Stock Strength is Nothing NEW

June 18, 2025

ITA

PPA

ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance

March 5, 2025

ITA

PPA

ETF Comparison: SPDR S&P Aerospace & Defense ETF (XAR) Versus Invesco Aerospace & Defense ETF (PPA)

December 4, 2024

ITA

PPA

ITAvsPPAETF Comparison

iShares U.S. Aerospace & Defense ETF

Invesco Aerospace & Defense ETF

ITA 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 ITA and PPA ETFs performed in 2026?

As of April 6, 2026, ITA is up 5.05% year-to-date (YTD), while PPA has returned 9.66%. That puts PPA better performer ahead so far this year.

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

Year-to-date, the ITA ETF saw +$380M in flows, compared to +$650M for PPA.

Which ETF is more volatile: ITA or PPA?

Over the past year, ITA had a volatility of 21.47%, while PPA experienced 20.06%.

Which ETF is bigger: ITA or PPA?

As of April 6, 2026, ITA holds $13.79 B in assets under management (AUM), while PPA manages $8.15 B.

What sectors do the ITA and PPA ETFs invest in?

ITA leans toward sectors like Industrials. Meanwhile, PPA focuses on Industrials.

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

ITA top holdings include GENERAL ELECTRIC, RAYTHEON TECHNOLOGIES CORPORD and BOEING U. PPA holds in its top three: LOCKHEED MARTIN, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD.

Which ETF is more diversified: ITA or PPA?

ITA holds 42 securities with 85.42% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.44%.

Trump’s “Big Beautiful Bill” Passes Final Vote: ETF Winners & Losers

ETF Comparison: Invesco Aerospace & Defense ETF (PPA) Versus SPDR S&P Aerospace & Defense ETF (XAR)

Are Aerospace & Defense ETFs Overbought and Overvalued Right Now?

ETF Comparison: iShares U.S. Aerospace & Defense ETF (ITA) Versus Global X Defense Tech ETF (SHLD)

MoneyShow Chart of the Day 6/18/25: Defense Stock Strength is Nothing NEW

MoneyShow Chart of the Day 6/18/25: Defense Stock Strength is Nothing NEW

ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance

ETF Comparison: SPDR S&P Aerospace & Defense ETF (XAR) Versus Invesco Aerospace & Defense ETF (PPA)

Build and Analyze Your ETF Portfolio Like a Pro