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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 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 0.37% for ITA. PPA is up 14.66% year-to-date (YTD) with +$669M in YTD flows. ITA performs better with 14.8% YTD performance, and +$124M 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 08/19/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PPA ITA	+6.95%+7.35%	+8.72%+12.93%	+14.66%+14.80%	+24.40%+27.99%	+118.88%+119.34%	+157.75%+148.15%
Flows	PPA ITA	+$61M+$285M	+$40M-$293M	+$669M+$124M	+$933M+$2.82B	+$2.90B+$2.84B	+$4.00B+$5.20B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA ITA	+24.09%+24.71%	+21.25%+23.03%	+18.59%+20.20%	+18.73%+20.41%
Max drawdown	PPA ITA	-8.09%-8.52%	-13.68%-15.79%	-15.16%-15.79%	-18.41%-18.75%
Max drawdown duration	PPA ITA	28d29d	170d122d	171d122d	227d227d

Trading data

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	PPA	ITA
Last sale 8/20/2026 at 1:30 PM	$173.77	$237.56
Previous close 08/19/2026	$179.48	$246.15
Consolidated volume 08/19/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 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 8/20/2026 at 1:30 PM

Live

Closed

	PPA	ITA
Last price	$173.77	$237.56
1D performance	-3.18%	-3.49%
AuM	$8.53 B	$14.75 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	60	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

89.53%

Other

10.47%

ITA

USA

99.92%

Other

0.08%

Sectors

PPA

Industrials

83.1%

Other

16.9%

ITA

Industrials

95.89%

Other

4.11%

Diversification

PPA

Total weight of top 15 holdings out of 15

67.56%

ITA

Total weight of top 15 holdings out of 15

86.26%

Top 15 holdings

Data as of June 30, 2026

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%

ITA

GE Aerospace

22.61%

RTX Corp.

14.82%

The Boeing Co.

8.90%

TransDigm Group, Inc.

4.59%

Howmet Aerospace, Inc.

4.50%

General Dynamics Corp.

4.33%

Lockheed Martin Corp.

4.05%

Northrop Grumman Corp.

3.92%

L3Harris Technologies, Inc.

3.80%

Rocket Lab Corp.

3.63%

Axon Enterprise, Inc.

3.17%

Carpenter Technology Corp.

2.15%

Curtiss-Wright Corp.

1.96%

FTAI Aviation Ltd.

1.95%

ATI, Inc.

1.89%

Frequently asked questions about PPA and ITA

How have the PPA and ITA ETFs performed in 2026?

As of August 19, 2026, PPA is up 14.66% year-to-date (YTD), while ITA has returned 14.8%. That puts ITA better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$669M in flows, compared to +$124M for ITA.

Which ETF is more volatile: PPA or ITA?

Over the past year, PPA had a volatility of 21.25%, while ITA experienced 23.03%.

Which ETF is bigger: PPA or ITA?

As of August 19, 2026, PPA holds $8.53 B in assets under management (AUM), while ITA manages $14.75 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 GE Aerospace, The Boeing Co. 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 61 securities with 67.56% of its assets in the top 15. ITA has 50 securities and a top 15 weight of 86.26%.

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 August 19, 2026, PPA is up 14.66% year-to-date (YTD), while ITA has returned 14.8%. That puts ITA better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$669M in flows, compared to +$124M for ITA.

Which ETF is more volatile: PPA or ITA?

Over the past year, PPA had a volatility of 21.25%, while ITA experienced 23.03%.

Which ETF is bigger: PPA or ITA?

As of August 19, 2026, PPA holds $8.53 B in assets under management (AUM), while ITA manages $14.75 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 GE Aerospace, The Boeing Co. 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 61 securities with 67.56% of its assets in the top 15. ITA has 50 securities and a top 15 weight of 86.26%.

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