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PPAvsXLIETF Comparison
Invesco Aerospace & Defense ETF (PPA) belongs to the US Large Cap segment. State Street Industrial Select Sector SPDR ETF (XLI) is part of the US Industrials segment. PPA's top 3 sector exposures are Industrials, Information Technology and Materials. In contrast, XLI's top sector exposures are Industrials, Information Technology PPA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.08% for XLI. PPA is up 13.6% year-to-date (YTD) with +$564M in YTD flows. XLI performs worse with 9.31% YTD performance, and +$1.40B in YTD flows. Run a side-by-side ETF comparison of PPA and XLI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
PPA vs XLI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PPA XLI | +2.73%-3.05% | +15.03%+7.85% | +13.60%+9.31% | +56.68%+32.05% | +130.58%+80.23% | +158.64%+91.55% |
| Flows | PPA XLI | +$328M-$162M | +$638M+$1.89B | +$564M+$1.40B | +$1.23B+$2.78B | +$2.83B+$5.07B | +$3.87B+$10M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PPA XLI | +21.84%+16.08% | +21.15%+19.11% | +17.07%+15.95% | +17.95%+17.17% |
| Max drawdown | PPA XLI | -6.13%-5.26% | -13.09%-13.44% | -15.16%-18.43% | -18.41%-21.70% |
| Max drawdown duration | PPA XLI | 30d9d | 34d37d | 171d165d | 227d526d |
PPA | XLI | |
Last sale 3/12/2026 at 1:52 PM | $174.85 | $167.09 |
| Previous close 03/11/2026 | $177.99 | $169.49 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
PPA | XLI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
PPA | XLI | |
|---|---|---|
| Last price | $174.85 | $167.09 |
| 1D performance | -1.77% | -1.42% |
| AuM | $8.35 B | $29.36 B |
| E/R | 0.58% | 0.08% |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the PPA and XLI ETFs performed in 2026?
As of March 11, 2026, PPA is up 13.6% year-to-date (YTD), while XLI has returned 9.31%. That puts PPA better performer ahead so far this year.
Which ETF is attracting more investor money: PPA or XLI?
Year-to-date, the PPA ETF saw +$564M in flows, compared to +$1.40B for XLI.
Which ETF is more volatile: PPA or XLI?
Over the past year, PPA had a volatility of 21.15%, while XLI experienced 19.11%.
Which ETF is bigger: PPA or XLI?
As of March 11, 2026, PPA holds $8.35 B in assets under management (AUM), while XLI manages $29.36 B.
What sectors do the PPA and XLI ETFs invest in?
PPA leans toward sectors like Industrials. Meanwhile, XLI focuses on Industrials.
What are the top holdings of the PPA ETF and XLI ETF?
PPA top holdings include BOEING U, RAYTHEON TECHNOLOGIES CORPORD and LOCKHEED MARTIN. XLI holds in its top three: GENERAL ELECTRIC, CATERPILLAR and RAYTHEON TECHNOLOGIES CORPORD.
Which ETF is more diversified: PPA or XLI?
PPA holds 60 securities with 71.65% of its assets in the top 15. XLI has 80 securities and a top 15 weight of 49.8%.
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