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XLIvsPPAETF Comparison
Invesco Aerospace & Defense ETF
State Street Industrial Select Sector SPDR ETF (XLI) belongs to the US Industrials segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. Both ETFs have the same top 3 sector exposures: Industrials and Information Technology. XLI is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.58% for PPA. XLI is up 9.31% year-to-date (YTD) with +$1.40B in YTD flows. PPA performs better with 13.6% YTD performance, and +$564M in YTD flows. Run a side-by-side ETF comparison of XLI and PPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
XLI vs PPA performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLI PPA | -3.05%+2.73% | +7.85%+15.03% | +9.31%+13.60% | +32.05%+56.68% | +80.23%+130.58% | +91.55%+158.64% |
| Flows | XLI PPA | -$162M+$328M | +$1.89B+$638M | +$1.40B+$564M | +$2.78B+$1.23B | +$5.07B+$2.83B | +$10M+$3.87B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLI PPA | +16.08%+21.84% | +19.11%+21.15% | +15.95%+17.07% | +17.17%+17.95% |
| Max drawdown | XLI PPA | -5.26%-6.13% | -13.44%-13.09% | -18.43%-15.16% | -21.70%-18.41% |
| Max drawdown duration | XLI PPA | 9d30d | 37d34d | 165d171d | 526d227d |
XLI | PPA | |
Last sale 3/12/2026 at 2:16 PM | $167.68 | $176.58 |
| Previous close 03/11/2026 | $169.49 | $177.99 |
| 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
XLI | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
XLI | PPA | |
|---|---|---|
| Last price | $167.68 | $176.58 |
| 1D performance | -1.07% | -0.79% |
| AuM | $29.36 B | $8.35 B |
| E/R | 0.08% | 0.58% |
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 XLI and PPA ETFs performed in 2026?
As of March 11, 2026, XLI is up 9.31% year-to-date (YTD), while PPA has returned 13.6%. That puts PPA better performer ahead so far this year.
Which ETF is attracting more investor money: XLI or PPA?
Year-to-date, the XLI ETF saw +$1.40B in flows, compared to +$564M for PPA.
Which ETF is more volatile: XLI or PPA?
Over the past year, XLI had a volatility of 19.11%, while PPA experienced 21.15%.
Which ETF is bigger: XLI or PPA?
As of March 11, 2026, XLI holds $29.36 B in assets under management (AUM), while PPA manages $8.35 B.
What sectors do the XLI and PPA ETFs invest in?
XLI leans toward sectors like Industrials. Meanwhile, PPA focuses on Industrials.
What are the top holdings of the XLI ETF and PPA ETF?
XLI top holdings include GENERAL ELECTRIC, CATERPILLAR and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: BOEING U, RAYTHEON TECHNOLOGIES CORPORD and LOCKHEED MARTIN.
Which ETF is more diversified: XLI or PPA?
XLI holds 80 securities with 49.8% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 71.65%.
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