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PPAvsVISETF Comparison

ETF 1

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

VS

ETF 2

VIS

Vanguard Industrials ETF

This fund is part of

US Industrials

-1.25%

Full VIS fund page

Invesco Aerospace & Defense ETF (PPA) belongs to the segment. Vanguard Industrials ETF (VIS) is part of the US Industrials segment. PPA's top 3 sector exposures are Industrials, Technology and Business Services. In contrast, VIS's top sector exposures are Industrials, Business Services and Non-Energy Materials. PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.09% for VIS. PPA is down -1.33% year-to-date (YTD) with +$656M in YTD flows. VIS performs better with 6.26% YTD performance, and +$924M in YTD flows. Run a side-by-side ETF comparison of PPA and VIS 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 VIS 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 VIS	-3.54%-3.63%	-11.42%-9.79%	-1.33%+6.26%	-2.41%+6.29%	+95.36%+73.73%	+111.01%+66.46%
Flows	PPA VIS	-$28M-$261M	+$41M+$111M	+$656M+$924M	+$718M+$938M	+$2.72B+$1.10B	+$4.00B+$150M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPA VIS	+18.01%+15.52%	+21.21%+18.18%	+18.64%+17.58%	+18.84%+18.64%
Max drawdown	PPA VIS	-17.14%-12.10%	-17.34%-12.49%	-17.34%-20.58%	-18.41%-23.03%
Max drawdown duration	PPA VIS	68d68d	235d115d	235d213d	227d584d

Trading data

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	PPA	VIS
Last sale 10/23/2026 at 1:30 PM	$154.03	$314.80
Previous close 10/22/2026	$154.53	$318.48
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	VIS
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	VIS
Last price	$154.03	$314.80
1D performance	-0.32%	-1.16%
AuM	$7.28 B	$7.57 B
E/R	0.58%	0.09%

Characteristics

	PPA	VIS
Management strategy	Passive	Passive
Provider	Invesco	Vanguard
Benchmark	SPADE Defense Index	MSCI US IMI Industrials 25/50 Index
N° of holdings	61	395
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 26, 2005	September 23, 2004
ESG	No	No

More PPA data on Trackinsight

More VIS data on Trackinsight

Exposure

Countries

PPA

USA

93.91%

Other

6.09%

VIS

USA

92.88%

Other

7.12%

Sectors

PPA

Industrials

86.69%

Other

13.31%

VIS

Industrials

83.13%

Business Services

7.92%

Other

8.95%

Diversification

PPA

Total weight of top 15 holdings out of 15

68.17%

VIS

Total weight of top 15 holdings out of 15

37.86%

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%

VIS

Caterpillar, Inc.

5.27%

GE Aerospace

4.99%

RTX Corp.

4.01%

GE Vernova, Inc.

3.46%

Deere & Co.

2.28%

Eaton Corp. Plc

2.24%

The Boeing Co.

2.23%

Union Pacific Corp.

2.21%

Uber Technologies, Inc.

1.93%

Parker-Hannifin Corp.

1.77%

Lockheed Martin Corp.

1.67%

Automatic Data Processing, Inc.

1.64%

Trane Technologies Plc

1.41%

Howmet Aerospace, Inc.

1.41%

Vertiv Holdings Co.

1.35%

Frequently asked questions about PPA and VIS

PPAvsVISETF Comparison

Invesco Aerospace & Defense ETF

Vanguard Industrials ETF

PPA vs VIS performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the PPA and VIS ETFs performed in 2026?

As of October 23, 2026, PPA is down -1.33% year-to-date (YTD), while VIS has returned 6.26%. That puts VIS better performer ahead so far this year.

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

Year-to-date, the PPA ETF saw +$656M in flows, compared to +$924M for VIS.

Which ETF is more volatile: PPA or VIS?

Over the past year, PPA had a volatility of 21.21%, while VIS experienced 18.18%.

Which ETF is bigger: PPA or VIS?

As of October 23, 2026, PPA holds $7.28 B in assets under management (AUM), while VIS manages $7.57 B.

What sectors do the PPA and VIS ETFs invest in?

PPA leans toward sectors like Industrials. Meanwhile, VIS focuses on Industrials and Business Services.

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

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

Which ETF is more diversified: PPA or VIS?

PPA holds 61 securities with 68.17% of its assets in the top 15. VIS has 396 securities and a top 15 weight of 37.86%.

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