BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

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 Non-Energy Materials. 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 0.38% for ITA. PPA is up 15.86% year-to-date (YTD) with +$599M in YTD flows. ITA performs worse with 13.83% YTD performance, and +$16M 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

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

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 07/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PPA ITA	+4.90%+6.06%	+6.92%+9.11%	+15.86%+13.83%	+29.89%+32.54%	+117.68%+113.36%	+147.45%+130.70%
Flows	PPA ITA	+$11M-$285M	-$50M-$476M	+$599M+$16M	+$1.08B+$3.21B	+$2.88B+$2.60B	+$3.92B+$5.11B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA ITA	+24.22%+26.82%	+20.26%+21.96%	+18.16%+19.83%	+18.64%+20.34%
Max drawdown	PPA ITA	-7.90%-9.54%	-13.68%-15.79%	-15.16%-15.79%	-18.41%-18.75%
Max drawdown duration	PPA ITA	43d57d	122d121d	171d121d	227d227d

Trading data

Create an account to view trading data

Join for free

	PPA	ITA
Last sale 7/2/2026 at 1:30 PM	$181.08	$248.19
Previous close 07/02/2026	$177.53	$243.86
Consolidated volume 07/02/2026
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

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	PPA	ITA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/2/2026 at 1:30 PM

Live

Closed

	PPA	ITA
Last price	$181.08	$248.19
1D performance	+2.00%	+1.78%
AuM	$8.55 B	$14.53 B
E/R	0.58%	0.38%

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	60	44
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

93.67%

Other

6.33%

ITA

USA

99.81%

Other

0.19%

Sectors

PPA

Industrials

87.43%

Other

12.57%

ITA

Industrials

96.23%

Other

3.77%

Diversification

PPA

Total weight of top 15 holdings out of 15

68.81%

ITA

Total weight of top 15 holdings out of 15

84.98%

Top 15 holdings

Data as of May 31, 2026

PPA

The Boeing Co.

8.56%

GE Aerospace

8.17%

RTX Corp.

6.82%

Lockheed Martin Corp.

6.23%

Rocket Lab Corp.

4.68%

Honeywell International, Inc.

4.49%

General Dynamics Corp.

4.31%

Howmet Aerospace, Inc.

4.20%

Northrop Grumman Corp.

4.04%

Elbit Systems Ltd.

3.58%

L3Harris Technologies, Inc.

3.48%

Parker-Hannifin Corp.

3.30%

TransDigm Group, Inc.

2.69%

Amphenol Corp.

2.20%

Eaton Corp. Plc

2.05%

ITA

GE Aerospace

20.15%

RTX Corp.

14.31%

The Boeing Co.

9.61%

Rocket Lab Corp.

5.28%

Howmet Aerospace, Inc.

4.68%

TransDigm Group, Inc.

4.56%

General Dynamics Corp.

4.47%

L3Harris Technologies, Inc.

3.95%

Lockheed Martin Corp.

3.73%

Northrop Grumman Corp.

3.51%

Axon Enterprise, Inc.

2.77%

Curtiss-Wright Corp.

2.16%

FTAI Aviation Ltd.

2.09%

ATI, Inc.

1.86%

Carpenter Technology Corp.

1.83%

Frequently asked questions about PPA and ITA

How have the PPA and ITA ETFs performed in 2026?

As of July 2, 2026, PPA is up 15.86% year-to-date (YTD), while ITA has returned 13.83%. 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 +$599M in flows, compared to +$16M for ITA.

Which ETF is more volatile: PPA or ITA?

Over the past year, PPA had a volatility of 20.26%, while ITA experienced 21.96%.

Which ETF is bigger: PPA or ITA?

As of July 2, 2026, PPA holds $8.55 B in assets under management (AUM), while ITA manages $14.53 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 The Boeing Co., GE Aerospace and RTX Corp.. ITA holds in its top three: GE Aerospace, RTX Corp. and The Boeing Co..

Which ETF is more diversified: PPA or ITA?

PPA holds 60 securities with 68.81% of its assets in the top 15. ITA has 45 securities and a top 15 weight of 84.98%.

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 July 2, 2026, PPA is up 15.86% year-to-date (YTD), while ITA has returned 13.83%. 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 +$599M in flows, compared to +$16M for ITA.

Which ETF is more volatile: PPA or ITA?

Over the past year, PPA had a volatility of 20.26%, while ITA experienced 21.96%.

Which ETF is bigger: PPA or ITA?

As of July 2, 2026, PPA holds $8.55 B in assets under management (AUM), while ITA manages $14.53 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 The Boeing Co., GE Aerospace and RTX Corp.. ITA holds in its top three: GE Aerospace, RTX Corp. and The Boeing Co..

Which ETF is more diversified: PPA or ITA?

PPA holds 60 securities with 68.81% of its assets in the top 15. ITA has 45 securities and a top 15 weight of 84.98%.

ETF Model Portfolios: The Geopolitical Risk Thematic Hedge

ETF Comparison: iShares Defense Industrials Active ETF (IDEF) Versus iShares U.S. Aerospace & Defense ETF (ITA)

Trump’s “Big Beautiful Bill” Passes Final Vote: ETF Winners & Losers

ETF Comparison: Invesco Aerospace & Defense ETF (PPA) Versus SPDR S&P Aerospace & Defense ETF (XAR)

Are Aerospace & Defense ETFs Overbought and Overvalued Right Now?

Are Aerospace & Defense ETFs Overbought and Overvalued Right Now?

ETF Comparison: iShares U.S. Aerospace & Defense ETF (ITA) Versus Global X Defense Tech ETF (SHLD)

MoneyShow Chart of the Day 6/18/25: Defense Stock Strength is Nothing NEW

Have you tried our ETF Compare tool?