IVEPvsPPAETF Comparison
VS
ETF 2
PPA
Invesco Aerospace & Defense ETF
Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) belongs to the Infrastructure segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. IVEP's top 3 sector exposures are Industrials, Utilities and Energy. In contrast, PPA's top sector exposures are Industrials, Technology and Non-Energy Materials. IVEP is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.58% for PPA. Run a side-by-side ETF comparison of IVEP 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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IVEP vs PPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVEP PPA | -12.35%-2.82% | -6.69%-4.75% | n/a+7.20% | n/a+15.66% | n/a+100.33% | n/a+134.37% |
| Flows | IVEP PPA | +$3M+$7M | +$18M-$105M | -+$615M | -+$1.01B | -+$2.87B | -+$3.94B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVEP PPA | +30.05%+23.93% | n/a+20.52% | n/a+18.29% | n/a+18.58% |
| Max drawdown | IVEP PPA | -12.44%-8.09% | n/a-13.68% | n/a-15.16% | n/a-18.41% |
| Max drawdown duration | IVEP PPA | 28d14d | n/a140d | n/a171d | n/a227d |
Trading data
IVEP | PPA | |
Last sale 7/21/2026 at 1:30 PM | $26.53 | $168.88 |
| Previous close 07/20/2026 | $25.64 | $167.83 |
| Consolidated volume 07/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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IVEP | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/21/2026 at 1:30 PM
Live
Closed
IVEP | PPA | |
|---|---|---|
| Last price | $26.53 | $168.88 |
| 1D performance | +3.47% | +0.63% |
| AuM | $21.06 M | $7.92 B |
| E/R | 0.75% | 0.58% |
Characteristics
IVEP | PPA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Wedbush Funds | Invesco |
| Benchmark | Solactive Wedbush AI Power & Infrastructure Index | SPADE Defense Index |
| N° of holdings | 31 | 60 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 8, 2026 | October 26, 2005 |
| ESG | No | No |
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Exposure
Countries
IVEP
USA
78.37%
Ireland
7.75%
Other
13.88%
PPA
USA
89.53%
Other
10.47%
Sectors
IVEP
Industrials
44.01%
Utilities
22.25%
Energy
12.46%
Finance
10.07%
Technology
7.52%
Other
3.69%
PPA
Industrials
83.1%
Other
16.9%
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Diversification
IVEP
Total weight of top 15 holdings out of 15
60.06%
PPA
Total weight of top 15 holdings out of 15
67.56%
Top 15 holdings
Data as of June 30, 2026
IVEP
Bloom Energy Corp.
5.46%
GE Vernova, Inc.
4.62%
Quanta Services, Inc.
4.37%
Vertiv Holdings Co.
4.31%
Schneider Electric SE
4.14%
Eaton Corp. Plc
4.11%
Coherent Corp.
4.09%
Siemens Energy AG
3.78%
Equinix, Inc.
3.73%
The Southern Co.
3.70%
The Williams Cos., Inc.
3.66%
Johnson Controls International Plc
3.63%
NextEra Energy, Inc.
3.63%
Monolithic Power Systems, Inc.
3.44%
Dominion Energy, Inc.
3.39%
PPA
GE Aerospace
9.76%
The Boeing Co.
8.44%
RTX Corp.
7.44%
Lockheed Martin Corp.
6.11%
Howmet Aerospace, Inc.
4.51%
General Dynamics Corp.
4.45%
Parker-Hannifin Corp.
3.89%
Northrop Grumman Corp.
3.76%
L3Harris Technologies, Inc.
3.34%
Elbit Systems Ltd.
2.98%
TransDigm Group, Inc.
2.92%
Rocket Lab Corp.
2.77%
Amphenol Corp.
2.54%
US4385162056
2.42%
US43849R1059
2.22%
Frequently asked questions about IVEP and PPA
Which ETF is bigger: IVEP or PPA?
As of July 20, 2026, IVEP holds $21.06 M in assets under management (AUM), while PPA manages $7.92 B.
What sectors do the IVEP and PPA ETFs invest in?
IVEP leans toward sectors like Industrials, Utilities and Energy. Meanwhile, PPA focuses on Industrials.
What are the top holdings of the IVEP ETF and PPA ETF?
IVEP top holdings include Bloom Energy Corp., GE Vernova, Inc. and Quanta Services, Inc.. PPA holds in its top three: GE Aerospace, The Boeing Co. and RTX Corp..
Which ETF is more diversified: IVEP or PPA?
IVEP holds 31 securities with 60.06% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 67.56%.
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Latest news about IVEP & PPA
ETF Model Portfolios: The Geopolitical Risk Thematic Hedge
July 2, 2026
PPA
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