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PPAvsFIDUETF Comparison

ETF 1

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

VS

ETF 2

FIDU

Fidelity MSCI Industrials Index ETF

This fund is part of

US Industrials

-1.25%

Full FIDU fund page

Invesco Aerospace & Defense ETF (PPA) belongs to the segment. Fidelity MSCI Industrials Index ETF (FIDU) is part of the US Industrials segment. PPA's top 3 sector exposures are Industrials, Technology and Business Services. In contrast, FIDU's top sector exposures are Industrials, Business Services and Non-Energy Materials. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.084% for FIDU. PPA is down -1.33% year-to-date (YTD) with +$656M in YTD flows. FIDU performs better with 6.44% YTD performance, and +$640M in YTD flows. Run a side-by-side ETF comparison of PPA and FIDU 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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PPA vs FIDU 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PPA FIDU	-3.54%-3.59%	-11.42%-9.78%	-1.33%+6.44%	-2.41%+6.23%	+95.36%+73.37%	+111.01%+66.82%
Flows	PPA FIDU	-$28M-$70M	+$41M+$130M	+$656M+$640M	+$718M+$694M	+$2.72B+$941M	+$4.00B+$904M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA FIDU	+18.01%+16.62%	+21.21%+18.41%	+18.64%+17.66%	+18.84%+18.57%
Max drawdown	PPA FIDU	-17.14%-12.04%	-17.34%-12.33%	-17.34%-20.28%	-18.41%-22.91%
Max drawdown duration	PPA FIDU	68d68d	235d115d	235d212d	227d589d

Trading data

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	PPA	FIDU
Last sale 10/23/2026 at 1:30 PM	$154.03	$87.10
Previous close 10/22/2026	$154.53	$88.14
Consolidated volume 10/22/2026
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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	PPA	FIDU
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	PPA	FIDU
Last price	$154.03	$87.10
1D performance	-0.32%	-1.18%
AuM	$7.28 B	$2.23 B
E/R	0.58%	0.084%

Characteristics

	PPA	FIDU
Management strategy	Passive	Passive
Provider	Invesco	Fidelity
Benchmark	SPADE Defense Index	MSCI USA IMI Industrials 25/50 Index
N° of holdings	61	357
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	October 26, 2005	October 21, 2013
ESG	No	No

More PPA data on Trackinsight

More FIDU data on Trackinsight

Exposure

Countries

PPA

USA

93.91%

Other

6.09%

FIDU

USA

93.52%

Other

6.48%

Sectors

PPA

Industrials

86.69%

Other

13.31%

FIDU

Industrials

83.64%

Business Services

8.04%

Other

8.32%

Diversification

PPA

Total weight of top 15 holdings out of 15

68.17%

FIDU

Total weight of top 15 holdings out of 15

38.91%

Top 15 holdings

Data as of August 31, 2026

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%

FIDU

Caterpillar, Inc.

5.31%

GE Aerospace

5.12%

RTX Corp.

4.10%

GE Vernova, Inc.

3.52%

Union Pacific Corp.

2.63%

The Boeing Co.

2.26%

Eaton Corp. Plc

2.25%

Deere & Co.

2.21%

Uber Technologies, Inc.

2.02%

Parker-Hannifin Corp.

1.81%

Lockheed Martin Corp.

1.69%

Automatic Data Processing, Inc.

1.66%

Howmet Aerospace, Inc.

1.53%

Trane Technologies Plc

1.43%

CSX Corp.

1.37%

Frequently asked questions about PPA and FIDU

PPAvsFIDUETF Comparison

Invesco Aerospace & Defense ETF

Fidelity MSCI Industrials Index ETF

PPA vs FIDU performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the PPA and FIDU ETFs performed in 2026?

As of October 23, 2026, PPA is down -1.33% year-to-date (YTD), while FIDU has returned 6.44%. That puts FIDU better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$656M in flows, compared to +$640M for FIDU.

Which ETF is more volatile: PPA or FIDU?

Over the past year, PPA had a volatility of 21.21%, while FIDU experienced 18.41%.

Which ETF is bigger: PPA or FIDU?

As of October 23, 2026, PPA holds $7.28 B in assets under management (AUM), while FIDU manages $2.23 B.

What sectors do the PPA and FIDU ETFs invest in?

PPA leans toward sectors like Industrials. Meanwhile, FIDU focuses on Industrials and Business Services.

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

PPA top holdings include RTX Corp., GE Aerospace and The Boeing Co.. FIDU holds in its top three: Caterpillar, Inc., GE Aerospace and RTX Corp..

Which ETF is more diversified: PPA or FIDU?

PPA holds 61 securities with 68.17% of its assets in the top 15. FIDU has 360 securities and a top 15 weight of 38.91%.

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