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PPAvsIYTETF Comparison

ETF 1

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

VS

ETF 2

IYT

iShares U.S. Transportation ETF

This fund is part of

US Industrials

-1.25%

Full IYT fund page

Invesco Aerospace & Defense ETF (PPA) belongs to the segment. iShares U.S. Transportation ETF (IYT) is part of the US Industrials segment. PPA's top 3 sector exposures are Industrials, Technology and Business Services. In contrast, IYT's top sector exposures are Industrials, Consumer Cyclicals and Non-Corporate. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.37% for IYT. PPA is down -1.33% year-to-date (YTD) with +$656M in YTD flows. IYT performs better with 8.49% YTD performance, and +$945M in YTD flows. Run a side-by-side ETF comparison of PPA and IYT 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 IYT 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 IYT	-3.54%+0.61%	-11.42%-8.82%	-1.33%+8.49%	-2.41%+15.09%	+95.36%+48.91%	+111.01%+26.89%
Flows	PPA IYT	-$28M-$123M	+$41M-$174M	+$656M+$945M	+$718M+$1.14B	+$2.72B+$796M	+$4.00B+$119M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA IYT	+18.01%+15.88%	+21.21%+20.00%	+18.64%+21.58%	+18.84%+22.38%
Max drawdown	PPA IYT	-17.14%-10.73%	-17.34%-12.56%	-17.34%-26.31%	-18.41%-29.10%
Max drawdown duration	PPA IYT	68d92d	235d99d	235d372d	227d764d

Trading data

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	PPA	IYT
Last sale 10/23/2026 at 1:30 PM	$154.03	$80.18
Previous close 10/22/2026	$154.53	$81.92
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	IYT
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	IYT
Last price	$154.03	$80.18
1D performance	-0.32%	-2.12%
AuM	$7.28 B	$1.97 B
E/R	0.58%	0.37%

Characteristics

	PPA	IYT
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	SPADE Defense Index	S&P Transportation Select Industry FMC Capped index (USD)
N° of holdings	61	44
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 26, 2005	October 6, 2003
ESG	No	No

More PPA data on Trackinsight

More IYT data on Trackinsight

Exposure

Countries

PPA

USA

93.91%

Other

6.09%

IYT

USA

99.81%

Other

0.19%

Sectors

PPA

Industrials

86.69%

Other

13.31%

IYT

Industrials

98.64%

Other

1.36%

Diversification

PPA

Total weight of top 15 holdings out of 15

68.17%

IYT

Total weight of top 15 holdings out of 15

85.4%

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%

IYT

Union Pacific Corp.

17.84%

Uber Technologies, Inc.

15.39%

CSX Corp.

9.38%

United Parcel Service, Inc.

5.62%

Norfolk Southern Corp.

4.88%

FedEx Corp.

4.51%

Delta Air Lines, Inc.

4.49%

United Airlines Holdings, Inc.

4.47%

Old Dominion Freight Line, Inc.

3.73%

Expeditors International of Washington, Inc.

3.16%

XPO, Inc.

2.90%

J.B. Hunt Transport Services, Inc.

2.52%

Southwest Airlines Co.

2.40%

C.H. Robinson Worldwide, Inc.

2.25%

FedEx Freight Holding Co., Inc.

1.85%

Frequently asked questions about PPA and IYT

How have the PPA and IYT ETFs performed in 2026?

As of October 23, 2026, PPA is down -1.33% year-to-date (YTD), while IYT has returned 8.49%. That puts IYT better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$656M in flows, compared to +$945M for IYT.

Which ETF is more volatile: PPA or IYT?

Over the past year, PPA had a volatility of 21.21%, while IYT experienced 20%.

Which ETF is bigger: PPA or IYT?

As of October 23, 2026, PPA holds $7.28 B in assets under management (AUM), while IYT manages $1.97 B.

What sectors do the PPA and IYT ETFs invest in?

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

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

PPA top holdings include RTX Corp., GE Aerospace and The Boeing Co.. IYT holds in its top three: Union Pacific Corp., Uber Technologies, Inc. and CSX Corp..

PPAvsIYTETF Comparison

Invesco Aerospace & Defense ETF

iShares U.S. Transportation ETF

PPA vs IYT 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 IYT ETFs performed in 2026?

As of October 23, 2026, PPA is down -1.33% year-to-date (YTD), while IYT has returned 8.49%. That puts IYT better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$656M in flows, compared to +$945M for IYT.

Which ETF is more volatile: PPA or IYT?

Over the past year, PPA had a volatility of 21.21%, while IYT experienced 20%.

Which ETF is bigger: PPA or IYT?

As of October 23, 2026, PPA holds $7.28 B in assets under management (AUM), while IYT manages $1.97 B.

What sectors do the PPA and IYT ETFs invest in?

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

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

PPA top holdings include RTX Corp., GE Aerospace and The Boeing Co.. IYT holds in its top three: Union Pacific Corp., Uber Technologies, Inc. and CSX Corp..

Which ETF is more diversified: PPA or IYT?

PPA holds 61 securities with 68.17% of its assets in the top 15. IYT has 44 securities and a top 15 weight of 85.4%.

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