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PPAvsMADEETF Comparison

ETF 1

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

VS

ETF 2

MADE

iShares U.S. Manufacturing ETF

This fund is part of

US Large Cap

+0.54%

Full MADE fund page

Invesco Aerospace & Defense ETF (PPA) belongs to the segment. iShares U.S. Manufacturing ETF (MADE) is part of the US Large Cap segment. PPA's top 3 sector exposures are Industrials, Information Technology and Materials. In contrast, MADE's top sector exposures are Industrials, Information Technology and Consumer Discretionary. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.4% for MADE. PPA is up 11.21% year-to-date (YTD) with +$593M in YTD flows. MADE performs better with 20.79% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of PPA and MADE 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 MADE 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 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PPA MADE	+2.66%+1.06%	+0.09%+11.09%	+11.21%+20.79%	+28.89%+45.70%	+114.55%n/a	+133.64%n/a
Flows	PPA MADE	-$28M-$1M	+$30M+$3M	+$593M+$21M	+$1.17B+$25M	+$2.88B-	+$3.90B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA MADE	+26.10%+28.61%	+20.09%+21.37%	+18.09%n/a	+18.63%n/a
Max drawdown	PPA MADE	-9.08%-7.06%	-13.68%-12.88%	-15.16%n/a	-18.41%n/a
Max drawdown duration	PPA MADE	24d13d	102d50d	171dn/a	227dn/a

Trading data

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	PPA	MADE
Last sale 6/12/2026 at 1:30 PM	$174.13	$37.64
Previous close 06/11/2026	$176.32	$37.35
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	PPA	MADE
Last price	$174.13	$37.64
1D performance	-1.24%	+0.78%
AuM	$8.20 B	$56.43 M
E/R	0.58%	0.4%

Characteristics

	PPA	MADE
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	SPADE Defense Index	S&P U.S. Manufacturing Select Index
N° of holdings	51	100
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	October 26, 2005	July 18, 2024
ESG	No	No

More PPA data on Trackinsight

More MADE data on Trackinsight

Exposure

Countries

PPA

USA

93.44%

Other

6.56%

MADE

USA

84.27%

Ireland

14.35%

Other

1.39%

Sectors

PPA

Industrials

83.68%

Information Techn.

7.34%

Other

8.98%

MADE

Industrials

73.82%

Information Techn.

11.16%

Other

15.02%

Diversification

PPA

Total weight of top 15 holdings out of 15

69.25%

MADE

Total weight of top 15 holdings out of 15

53.06%

Top 15 holdings

Data as of April 30, 2026

PPA

BOEING U

9.30%

GENERAL ELECTRIC

7.78%

RAYTHEON TECHNOLOGIES CORPORD

7.10%

LOCKHEED MARTIN

6.40%

NORTHROP GRUMMAN

4.47%

HONEYWELL INTL

4.38%

HOWMET AEROSPACE INC

4.20%

GENERAL DYNAMICS

4.15%

PARKER HANNIFIN

4.05%

L3 HARRIS TECHNOLOGIES

3.80%

ELBIT SYSTEMS

3.53%

US7731211089

2.79%

TRANSDIGM GROUP

2.64%

AMPHENOL

2.38%

EATON CORP PLC

2.29%

MADE

CATERPILLAR

4.70%

EATON CORP PLC

4.55%

VERTIV HOLDINGS

4.54%

CUMMINS

4.35%

AMPHENOL

4.09%

DEERE

3.71%

HONEYWELL INTL

3.34%

PARKER HANNIFIN

3.28%

GENERAL MOTORS

3.27%

TRANE TECHNOLOGIES PLC

3.12%

PACCAR

2.93%

IE000IVNQZ81

2.92%

US19247G1076

2.82%

RAYTHEON TECHNOLOGIES CORPORD

2.80%

BLOOM ENERGY CORP

2.64%

Frequently asked questions about PPA and MADE

How have the PPA and MADE ETFs performed in 2026?

As of June 12, 2026, PPA is up 11.21% year-to-date (YTD), while MADE has returned 20.79%. That puts MADE better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$593M in flows, compared to +$21M for MADE.

Which ETF is more volatile: PPA or MADE?

Over the past year, PPA had a volatility of 20.09%, while MADE experienced 21.37%.

Which ETF is bigger: PPA or MADE?

As of June 12, 2026, PPA holds $8.20 B in assets under management (AUM), while MADE manages $56.43 M.

What sectors do the PPA and MADE ETFs invest in?

PPA leans toward sectors like Industrials and Information Technology. Meanwhile, MADE focuses on Industrials and Information Technology.

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

PPA top holdings include BOEING U, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD. MADE holds in its top three: CATERPILLAR, EATON CORP PLC and VERTIV HOLDINGS.

PPAvsMADEETF Comparison

Invesco Aerospace & Defense ETF

iShares U.S. Manufacturing ETF

PPA vs MADE 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 MADE ETFs performed in 2026?

As of June 12, 2026, PPA is up 11.21% year-to-date (YTD), while MADE has returned 20.79%. That puts MADE better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$593M in flows, compared to +$21M for MADE.

Which ETF is more volatile: PPA or MADE?

Over the past year, PPA had a volatility of 20.09%, while MADE experienced 21.37%.

Which ETF is bigger: PPA or MADE?

As of June 12, 2026, PPA holds $8.20 B in assets under management (AUM), while MADE manages $56.43 M.

What sectors do the PPA and MADE ETFs invest in?

PPA leans toward sectors like Industrials and Information Technology. Meanwhile, MADE focuses on Industrials and Information Technology.

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

PPA top holdings include BOEING U, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD. MADE holds in its top three: CATERPILLAR, EATON CORP PLC and VERTIV HOLDINGS.

Which ETF is more diversified: PPA or MADE?

PPA holds 60 securities with 69.25% of its assets in the top 15. MADE has 112 securities and a top 15 weight of 53.06%.

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