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ITAvsPPAETF Comparison

ETF 1

ITA

iShares U.S. Aerospace & Defense ETF

Full ITA fund page

VS

ETF 2

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

iShares U.S. Aerospace & Defense ETF (ITA) and Invesco Aerospace & Defense ETF (PPA) belong to the same industry segment: . ITA's top 3 sector exposures are Industrials, Non-Energy Materials and Non-Corporate. In contrast, PPA's top sector exposures are Industrials, Technology and Business Services. ITA is less expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.58% for PPA. ITA is down -2.96% year-to-date (YTD) with -$227M in YTD flows. PPA performs better with -0.2% YTD performance, and +$865M 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.

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ITA vs PPA performance and flow charts

Performance

Cumulative Flows

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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 10/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ITA PPA	-6.85%-4.51%	-16.34%-13.86%	-2.96%-0.20%	-0.46%+0.24%	+102.52%+99.93%	+104.83%+121.53%
Flows	ITA PPA	-$293M+$139M	-$242M+$266M	-$227M+$865M	+$460M+$982M	+$2.77B+$3.06B	+$5.07B+$4.21B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ITA PPA	+20.52%+19.14%	+23.49%+21.67%	+20.35%+18.75%	+20.47%+18.79%
Max drawdown	ITA PPA	-18.12%-16.19%	-18.12%-16.39%	-18.12%-16.39%	-18.75%-18.41%
Max drawdown duration	ITA PPA	47d47d	47d214d	47d214d	227d227d

Trading data

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	ITA	PPA
Last sale 10/5/2026 at 1:30 PM	$206.85	$155.49
Previous close 10/02/2026	$207.79	$155.69
Consolidated volume 10/02/2026
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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	ITA	PPA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/5/2026 at 1:30 PM

Live

Closed

	ITA	PPA
Last price	$206.85	$155.49
1D performance	-0.45%	-0.13%
AuM	$12.12 B	$7.58 B
E/R	0.37%	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	48	61
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

99.85%

Other

0.15%

PPA

USA

93.91%

Other

6.09%

Sectors

ITA

Industrials

96%

Other

4%

PPA

Industrials

86.69%

Other

13.31%

Diversification

ITA

Total weight of top 15 holdings out of 15

87%

PPA

Total weight of top 15 holdings out of 15

68.17%

Top 15 holdings

Data as of August 31, 2026

ITA

GE Aerospace

21.58%

RTX Corp.

17.24%

The Boeing Co.

9.07%

General Dynamics Corp.

4.83%

Lockheed Martin Corp.

4.74%

Northrop Grumman Corp.

4.41%

Howmet Aerospace, Inc.

4.35%

TransDigm Group, Inc.

4.29%

L3Harris Technologies, Inc.

3.70%

Axon Enterprise, Inc.

3.40%

Rocket Lab Corp.

2.43%

ATI, Inc.

2.08%

Carpenter Technology Corp.

1.76%

Curtiss-Wright Corp.

1.60%

Woodward, Inc.

1.51%

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 ITA and PPA

How have the ITA and PPA ETFs performed in 2026?

As of October 2, 2026, ITA is down -2.96% year-to-date (YTD), while PPA has lost -0.2%. 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 -$227M in flows, compared to +$865M for PPA.

Which ETF is more volatile: ITA or PPA?

Over the past year, ITA had a volatility of 23.49%, while PPA experienced 21.67%.

Which ETF is bigger: ITA or PPA?

As of October 2, 2026, ITA holds $12.12 B in assets under management (AUM), while PPA manages $7.58 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 GE Aerospace, RTX Corp. and The Boeing Co.. PPA holds in its top three: RTX Corp., GE Aerospace and The Boeing Co..

Which ETF is more diversified: ITA or PPA?

ITA holds 49 securities with 87% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 68.17%.

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 October 2, 2026, ITA is down -2.96% year-to-date (YTD), while PPA has lost -0.2%. 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 -$227M in flows, compared to +$865M for PPA.

Which ETF is more volatile: ITA or PPA?

Over the past year, ITA had a volatility of 23.49%, while PPA experienced 21.67%.

Which ETF is bigger: ITA or PPA?

As of October 2, 2026, ITA holds $12.12 B in assets under management (AUM), while PPA manages $7.58 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 GE Aerospace, RTX Corp. and The Boeing Co.. PPA holds in its top three: RTX Corp., GE Aerospace and The Boeing Co..

Which ETF is more diversified: ITA or PPA?

ITA holds 49 securities with 87% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 68.17%.

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