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PPAvsFIDUETF Comparison

ETF 1
PPA

Invesco Aerospace & Defense ETF

This fund is part of
US Large Cap
-0.07%
Full PPA fund page
VS
ETF 2
FIDU

Fidelity MSCI Industrials Index ETF

This fund is part of
US Industrials
-0.26%
Full FIDU fund page

Invesco Aerospace & Defense ETF (PPA) belongs to the US Large Cap segment. Fidelity MSCI Industrials Index ETF (FIDU) is part of the US Industrials segment. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Materials. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.08% for FIDU. PPA is up 13.6% year-to-date (YTD) with +$564M in YTD flows. FIDU performs worse with 10.1% YTD performance, and +$236M 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

-2.00.02.04.06.0%Feb 10Feb 18Feb 25Mar 4Mar 11

Cumulative Flows

0 M50 M100 M150 M200 M250 M300 M350 MFeb 10Feb 18Feb 25Mar 4Mar 11

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
PPA
FIDU
+2.73%-2.63%
+15.03%+9.19%
+13.60%+10.10%
+56.68%+32.80%
+130.58%+82.61%
+158.64%+90.87%
Flows
PPA
FIDU
+$328M+$61M
+$638M+$273M
+$564M+$236M
+$1.23B+$295M
+$2.83B+$599M
+$3.87B+$602M
Volatility and drawdown
3M1Y3Y5Y
Volatility
PPA
FIDU
+21.84%+17.29%
+21.15%+19.90%
+17.07%+16.80%
+17.95%+17.96%
Max drawdown
PPA
FIDU
-6.13%-5.36%
-13.09%-13.46%
-15.16%-20.28%
-18.41%-22.91%
Max drawdown duration
PPA
FIDU
30d8d
34d37d
171d212d
227d589d
Trading data

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PPA
FIDU
Last sale
3/11/2026 at 1:30 PM
$177.99
$90.70
Previous close
03/11/2026
$178.70
$90.77
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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
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Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
PPA
FIDU
Last price
$177.99
$90.70
1D performance
-0.40%
-0.08%
AuM$8.35 B$1.93 B
E/R0.58%0.08%
Characteristics
PPA
FIDU
Management strategyPassivePassive
ProviderInvescoFidelity
BenchmarkSPADE Defense IndexMSCI USA IMI Industrials Index
N° of holdings51323
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateOctober 26, 2005October 21, 2013
ESGNoNo
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Exposure

Countries

PPA
USA
94.79%
Other
5.21%
FIDU
USA
92.87%
Other
7.13%

Sectors

PPA
Industrials
87.02%
Other
12.98%
FIDU
Industrials
88.57%
Other
11.43%
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Diversification

PPA

Total weight of top 15 holdings out of 15

71.65%
FIDU

Total weight of top 15 holdings out of 15

37.78%

Top 15 holdings

Data as of January 31, 2026
PPA
BOEING U
9.21%
RAYTHEON TECHNOLOGIES CORPORD
8.40%
LOCKHEED MARTIN
8.28%
GENERAL ELECTRIC
7.53%
NORTHROP GRUMMAN
5.80%
GENERAL DYNAMICS
5.12%
L3 HARRIS TECHNOLOGIES
4.37%
HONEYWELL INTL
4.11%
HOWMET AEROSPACE INC
3.77%
PARKER HANNIFIN
3.15%
TRANSDIGM GROUP
2.85%
ELBIT SYSTEMS
2.73%
AMPHENOL
2.69%
AXON ENTERPRISE INC
1.83%
US7731211089
1.78%
FIDU
GENERAL ELECTRIC
4.70%
CATERPILLAR
4.57%
RAYTHEON TECHNOLOGIES CORPORD
4.05%
US36828A1016
2.94%
BOEING U
2.85%
UBER TECHNOLOGIES INC
2.40%
HONEYWELL INTL
2.09%
EATON CORP PLC
2.05%
UNION PACIFIC U
2.05%
DEERE
2.04%
LOCKHEED MARTIN
1.90%
PARKER HANNIFIN
1.76%
AUTOMATIC DATA PROCESSING
1.54%
NORTHROP GRUMMAN
1.42%
WASTE MANAGEMENT
1.42%
Frequently asked questions about PPA and FIDU

How have the PPA and FIDU ETFs performed in 2026?

As of March 11, 2026, PPA is up 13.6% year-to-date (YTD), while FIDU has returned 10.1%. That puts PPA better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$564M in flows, compared to +$236M for FIDU.

Which ETF is more volatile: PPA or FIDU?

Over the past year, PPA had a volatility of 21.15%, while FIDU experienced 19.9%.

Which ETF is bigger: PPA or FIDU?

As of March 11, 2026, PPA holds $8.35 B in assets under management (AUM), while FIDU manages $1.93 B.

What sectors do the PPA and FIDU ETFs invest in?

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

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

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

Which ETF is more diversified: PPA or FIDU?

PPA holds 60 securities with 71.65% of its assets in the top 15. FIDU has 359 securities and a top 15 weight of 37.78%.

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