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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, 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 4.24% year-to-date (YTD) with +$416M in YTD flows. PPA performs better with 7.44% YTD performance, and +$625M 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 05/20/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ITA PPA	-3.54%-4.54%	-8.20%-6.88%	+4.24%+7.44%	+29.64%+27.67%	+102.47%+113.17%	+121.45%+133.52%
Flows	ITA PPA	+$46M-$95M	-$841M+$351M	+$416M+$625M	+$4.02B+$1.25B	+$2.81B+$2.91B	+$5.42B+$3.93B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ITA PPA	+27.69%+23.37%	+20.89%+18.76%	+19.45%+17.66%	+20.11%+18.32%
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	79d79d	79d79d	79d171d	227d227d

Trading data

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	ITA	PPA
Last sale 5/21/2026 at 5:13 PM	$221.71	$166.74
Previous close 05/20/2026	$223.28	$168.19
Consolidated volume 05/20/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 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 5/21/2026 at 5:13 PM

Live

Closed

	ITA	PPA
Last price	$221.71	$166.74
1D performance	-0.70%	-0.86%
AuM	$13.71 B	$7.95 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	36	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

97.87%

Other

2.13%

PPA

USA

93.85%

Other

6.15%

Sectors

ITA

Industrials

90.12%

Other

9.88%

PPA

Industrials

87.55%

Other

12.45%

Diversification

ITA

Total weight of top 15 holdings out of 15

85.18%

PPA

Total weight of top 15 holdings out of 15

72.93%

Top 15 holdings

Data as of March 31, 2026

ITA

GENERAL ELECTRIC

19.03%

RAYTHEON TECHNOLOGIES CORPORD

16.55%

BOEING U

8.91%

GENERAL DYNAMICS

4.77%

L3 HARRIS TECHNOLOGIES

4.66%

LOCKHEED MARTIN

4.58%

NORTHROP GRUMMAN

4.58%

TRANSDIGM GROUP

4.53%

HOWMET AEROSPACE INC

4.50%

AXON ENTERPRISE INC

2.83%

US7731211089

2.55%

KYG3730V1059

2.12%

CURTISS WRIGHT

2.12%

WOODWARD

1.80%

ATI INC

1.67%

PPA

LOCKHEED MARTIN

9.36%

RAYTHEON TECHNOLOGIES CORPORD

8.76%

GENERAL ELECTRIC

7.70%

BOEING U

7.53%

NORTHROP GRUMMAN

6.36%

GENERAL DYNAMICS

5.21%

L3 HARRIS TECHNOLOGIES

4.52%

HONEYWELL INTL

4.43%

HOWMET AEROSPACE INC

4.26%

ELBIT SYSTEMS

3.57%

PARKER HANNIFIN

3.20%

TRANSDIGM GROUP

2.41%

AMPHENOL

2.28%

EATON CORP PLC

1.84%

CURTISS WRIGHT

1.49%

Frequently asked questions about ITA and PPA

How have the ITA and PPA ETFs performed in 2026?

As of May 20, 2026, ITA is up 4.24% year-to-date (YTD), while PPA has returned 7.44%. 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 +$416M in flows, compared to +$625M for PPA.

Which ETF is more volatile: ITA or PPA?

Over the past year, ITA had a volatility of 20.89%, while PPA experienced 18.76%.

Which ETF is bigger: ITA or PPA?

As of May 20, 2026, ITA holds $13.71 B in assets under management (AUM), while PPA manages $7.95 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, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

Which ETF is more diversified: ITA or PPA?

ITA holds 45 securities with 85.18% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.93%.

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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 May 20, 2026, ITA is up 4.24% year-to-date (YTD), while PPA has returned 7.44%. 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 +$416M in flows, compared to +$625M for PPA.

Which ETF is more volatile: ITA or PPA?

Over the past year, ITA had a volatility of 20.89%, while PPA experienced 18.76%.

Which ETF is bigger: ITA or PPA?

As of May 20, 2026, ITA holds $13.71 B in assets under management (AUM), while PPA manages $7.95 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, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

Which ETF is more diversified: ITA or PPA?

ITA holds 45 securities with 85.18% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.93%.

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