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PPAvsITAETF Comparison

ETF 1

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

VS

ETF 2

ITA

iShares U.S. Aerospace & Defense ETF

Full ITA fund page

Invesco Aerospace & Defense ETF (PPA) and iShares U.S. Aerospace & Defense ETF (ITA) belong to the same industry segment: . PPA's top 3 sector exposures are Industrials, Technology and Business Services. In contrast, ITA's top sector exposures are Industrials, Non-Energy Materials and Non-Corporate. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.37% for ITA. PPA is down -0.2% year-to-date (YTD) with +$865M in YTD flows. ITA performs worse with -2.96% YTD performance, and -$227M in YTD flows. Run a side-by-side ETF comparison of PPA and ITA 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 ITA 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.	PPA ITA	-4.51%-6.85%	-13.86%-16.34%	-0.20%-2.96%	+0.24%-0.46%	+99.93%+102.52%	+121.53%+104.83%
Flows	PPA ITA	+$139M-$293M	+$266M-$242M	+$865M-$227M	+$982M+$460M	+$3.06B+$2.77B	+$4.21B+$5.07B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA ITA	+19.14%+20.52%	+21.67%+23.49%	+18.75%+20.35%	+18.79%+20.47%
Max drawdown	PPA ITA	-16.19%-18.12%	-16.39%-18.12%	-16.39%-18.12%	-18.41%-18.75%
Max drawdown duration	PPA ITA	47d47d	214d47d	214d47d	227d227d

Trading data

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	PPA	ITA
Last sale 10/5/2026 at 1:30 PM	$155.46	$206.85
Previous close 10/02/2026	$155.69	$207.79
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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	PPA	ITA
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

	PPA	ITA
Last price	$155.46	$206.85
1D performance	-0.15%	-0.45%
AuM	$7.58 B	$12.12 B
E/R	0.58%	0.37%

Characteristics

	PPA	ITA
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	SPADE Defense Index	Dow Jones U.S. Select Aerospace & Defense Index
N° of holdings	61	48
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 26, 2005	May 1, 2006
ESG	No	No

More PPA data on Trackinsight

More ITA data on Trackinsight

Exposure

Countries

PPA

USA

93.91%

Other

6.09%

ITA

USA

99.85%

Other

0.15%

Sectors

PPA

Industrials

86.69%

Other

13.31%

ITA

Industrials

96%

Other

4%

Diversification

PPA

Total weight of top 15 holdings out of 15

68.17%

ITA

Total weight of top 15 holdings out of 15

87%

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%

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%

Frequently asked questions about PPA and ITA

How have the PPA and ITA ETFs performed in 2026?

As of October 2, 2026, PPA is down -0.2% year-to-date (YTD), while ITA has lost -2.96%. That puts PPA better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$865M in flows, compared to -$227M for ITA.

Which ETF is more volatile: PPA or ITA?

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

Which ETF is bigger: PPA or ITA?

As of October 2, 2026, PPA holds $7.58 B in assets under management (AUM), while ITA manages $12.12 B.

What sectors do the PPA and ITA ETFs invest in?

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

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

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

Which ETF is more diversified: PPA or ITA?

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

ITA

PPAvsITAETF Comparison

Invesco Aerospace & Defense ETF

iShares U.S. Aerospace & Defense ETF

PPA vs ITA 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 PPA and ITA ETFs performed in 2026?

As of October 2, 2026, PPA is down -0.2% year-to-date (YTD), while ITA has lost -2.96%. That puts PPA better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$865M in flows, compared to -$227M for ITA.

Which ETF is more volatile: PPA or ITA?

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

Which ETF is bigger: PPA or ITA?

As of October 2, 2026, PPA holds $7.58 B in assets under management (AUM), while ITA manages $12.12 B.

What sectors do the PPA and ITA ETFs invest in?

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

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

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

Which ETF is more diversified: PPA or ITA?

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

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