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PPAvsIYJETF Comparison

ETF 1

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

VS

ETF 2

IYJ

iShares U.S. Industrials ETF

This fund is part of

US Industrials

-1.25%

Full IYJ fund page

Invesco Aerospace & Defense ETF (PPA) belongs to the segment. iShares U.S. Industrials ETF (IYJ) is part of the US Industrials segment. PPA's top 3 sector exposures are Industrials, Technology and Business Services. In contrast, IYJ's top sector exposures are Industrials, Finance and Non-Energy Materials. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.37% for IYJ. PPA is down -1.33% year-to-date (YTD) with +$656M in YTD flows. IYJ performs better with 5.27% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of PPA and IYJ 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 IYJ 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 IYJ	-3.54%-0.57%	-11.42%-5.05%	-1.33%+5.27%	-2.41%+5.86%	+95.36%+63.56%	+111.01%+42.83%
Flows	PPA IYJ	-$28M-$227M	+$41M-$90M	+$656M+$8M	+$718M+$49M	+$2.72B+$134M	+$4.00B-$245M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA IYJ	+18.01%+13.54%	+21.21%+15.97%	+18.64%+16.51%	+18.84%+18.24%
Max drawdown	PPA IYJ	-17.14%-9.51%	-17.34%-11.37%	-17.34%-19.72%	-18.41%-26.05%
Max drawdown duration	PPA IYJ	68d80d	235d105d	235d211d	227d708d

Trading data

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	PPA	IYJ
Last sale 10/23/2026 at 1:30 PM	$154.03	$155.20
Previous close 10/22/2026	$154.53	$157.15
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	IYJ
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	IYJ
Last price	$154.03	$155.20
1D performance	-0.32%	-1.24%
AuM	$7.28 B	$1.78 B
E/R	0.58%	0.37%

Characteristics

	PPA	IYJ
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	SPADE Defense Index	Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index
N° of holdings	61	211
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 26, 2005	June 12, 2000
ESG	No	No

More PPA data on Trackinsight

More IYJ data on Trackinsight

Exposure

Countries

PPA

USA

93.91%

Other

6.09%

IYJ

USA

93.09%

Other

6.91%

Sectors

PPA

Industrials

86.69%

Other

13.31%

IYJ

Industrials

63.34%

Finance

20.69%

Non-Energy Materi.

7.61%

Other

8.36%

Diversification

PPA

Total weight of top 15 holdings out of 15

68.17%

IYJ

Total weight of top 15 holdings out of 15

44.47%

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%

IYJ

Visa, Inc.

7.63%

Mastercard, Inc.

5.80%

Caterpillar, Inc.

4.41%

GE Aerospace

4.22%

RTX Corp.

3.41%

GE Vernova, Inc.

2.94%

Union Pacific Corp.

2.17%

American Express Co.

2.14%

Deere & Co.

1.97%

The Boeing Co.

1.92%

Eaton Corp. Plc

1.90%

Capital One Financial Corp.

1.63%

Parker-Hannifin Corp.

1.51%

Accenture Plc

1.42%

Automatic Data Processing, Inc.

1.40%

Frequently asked questions about PPA and IYJ

PPAvsIYJETF Comparison

Invesco Aerospace & Defense ETF

iShares U.S. Industrials ETF

PPA vs IYJ performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the PPA and IYJ ETFs performed in 2026?

As of October 23, 2026, PPA is down -1.33% year-to-date (YTD), while IYJ has returned 5.27%. That puts IYJ better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$656M in flows, compared to +$8M for IYJ.

Which ETF is more volatile: PPA or IYJ?

Over the past year, PPA had a volatility of 21.21%, while IYJ experienced 15.97%.

Which ETF is bigger: PPA or IYJ?

As of October 23, 2026, PPA holds $7.28 B in assets under management (AUM), while IYJ manages $1.78 B.

What sectors do the PPA and IYJ ETFs invest in?

PPA leans toward sectors like Industrials. Meanwhile, IYJ focuses on Industrials, Finance and Non-Energy Materials.

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

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

Which ETF is more diversified: PPA or IYJ?

PPA holds 61 securities with 68.17% of its assets in the top 15. IYJ has 212 securities and a top 15 weight of 44.47%.

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