XLIIvsPPAETF Comparison
ETF 1
XLII
State Street Industrial Select Sector SPDR Premium Income Fund
This fund is part of
Options Strategies
+0.4%
VS
ETF 2
PPA
Invesco Aerospace & Defense ETF
State Street Industrial Select Sector SPDR Premium Income Fund (XLII) belongs to the Options Strategies segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. Both ETFs have the same top 3 sector exposures: Industrials and Information Technology. XLII is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.58% for PPA. XLII is up 8.54% year-to-date (YTD) with +$5M in YTD flows. PPA performs better with 11.21% YTD performance, and +$593M in YTD flows. Run a side-by-side ETF comparison of XLII 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.
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XLII vs PPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLII PPA | +2.12%+2.66% | +7.96%+0.09% | +8.54%+11.21% | n/a+28.89% | n/a+114.55% | n/a+133.64% |
| Flows | XLII PPA | +$250K-$28M | +$3M+$30M | +$5M+$593M | -+$1.17B | -+$2.88B | -+$3.90B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLII PPA | +16.75%+26.10% | n/a+20.09% | n/a+18.09% | n/a+18.63% |
| Max drawdown | XLII PPA | -4.83%-9.08% | n/a-13.68% | n/a-15.16% | n/a-18.41% |
| Max drawdown duration | XLII PPA | 21d24d | n/a102d | n/a171d | n/a227d |
Trading data
XLII | PPA | |
Last sale 6/15/2026 at 6:21 PM | $25.82 | $176.57 |
| Previous close 06/12/2026 | $25.43 | $174.13 |
| Consolidated volume 06/12/2026 | ||
| 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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XLII
is actively managed and doesn’t replicate an indexXLII | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/15/2026 at 6:21 PM
Live
Closed
XLII | PPA | |
|---|---|---|
| Last price | $25.82 | $176.57 |
| 1D performance | +1.53% | +1.40% |
| AuM | $6.87 M | $8.20 B |
| E/R | 0.35% | 0.58% |
Characteristics
XLII | PPA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | - | SPADE Defense Index |
| N° of holdings | 77 | 51 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 30, 2025 | October 26, 2005 |
| ESG | No | No |
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Exposure
Countries
XLII
USA
92.82%
Ireland
7.2%
Other
-0.02%
PPA
USA
93.44%
Other
6.56%
Sectors
XLII
Industrials
91.52%
Other
8.48%
PPA
Industrials
83.68%
Information Techn.
7.34%
Other
8.98%
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Diversification
XLII
Total weight of top 15 holdings out of 15
50.68%
PPA
Total weight of top 15 holdings out of 15
69.25%
Top 15 holdings
Data as of April 30, 2026
XLII
CATERPILLAR
7.62%
GENERAL ELECTRIC
5.59%
US36828A1016
5.37%
RAYTHEON TECHNOLOGIES CORPORD
4.35%
BOEING U
3.31%
EATON CORP PLC
3.09%
UNION PACIFIC U
2.94%
UBER TECHNOLOGIES INC
2.82%
DEERE
2.73%
HONEYWELL INTL
2.50%
VERTIV HOLDINGS
2.31%
PARKER HANNIFIN
2.11%
TRANE TECHNOLOGIES PLC
2.00%
QUANTA SERVICES
2.00%
LOCKHEED MARTIN
1.93%
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%
Frequently asked questions about XLII and PPA
How have the XLII and PPA ETFs performed in 2026?
As of June 12, 2026, XLII is up 8.54% year-to-date (YTD), while PPA has returned 11.21%. That puts PPA better performer ahead so far this year.
Which ETF is attracting more investor money: XLII or PPA?
Year-to-date, the XLII ETF saw +$5M in flows, compared to +$593M for PPA.
Which ETF is bigger: XLII or PPA?
As of June 12, 2026, XLII holds $6.87 M in assets under management (AUM), while PPA manages $8.20 B.
What sectors do the XLII and PPA ETFs invest in?
XLII leans toward sectors like Industrials. Meanwhile, PPA focuses on Industrials and Information Technology.
What are the top holdings of the XLII ETF and PPA ETF?
XLII top holdings include CATERPILLAR, GENERAL ELECTRIC and US36828A1016. PPA holds in its top three: BOEING U, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD.
Which ETF is more diversified: XLII or PPA?
XLII holds 79 securities with 50.68% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 69.25%.
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