ETF comparison

IYJ vs PPA

Both Industrials.

iShares U.S. Industrials ETF · Invesco Aerospace & Defense ETF

Holdings overlap

Weighted by ISIN/CUSIP
24.7 %

30 positions appear in both funds. Buying equal dollars of IYJ and PPA would leave roughly 24.7% of each dollar exposed to the same underlying securities.

IYJ only 75.2% Shared 24.7% PPA only 75.6%
In IYJ only
166 positions
Shared
30 positions
In PPA only
31 positions

Side by side

IYJ

iShares U.S. Industrials ETF

iShares · Industrials

68 composite / 100
Expense ratio
0.38%
Net assets
$1.87B
TTM yield
0.72%
Top-10 conc.
36.4%
PPA

Invesco Aerospace & Defense ETF

Invesco · Industrials

63 composite / 100
Expense ratio
0.58%
Net assets
$8.32B
TTM yield
0.37%
Top-10 conc.
56.9%

Sub-score comparison

62
Cost
42
84
Tax efficiency
85
68
Liquidity
97
62
Concentration
33
Tracking quality
IYJ sub-score PPA

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

IYJ is 20 bps cheaper than PPA. On a $100,000 position that's about $200/yr more in fees for PPA.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with IYJ vs PPA.

Top shared holdings

30 shared in total
# Holding In IYJ In PPA Overlap
1 GENERAL ELECTRIC COMPANY 3.81% 7.87% 3.81%
2 RTX CORPORATION 2.97% 7.15% 2.97%
3 THE BOEING COMPANY 2.18% 9.14% 2.18%
4 EATON CORPORATION PUBLIC LIMITED COMPANY 2.14% 2.36% 2.14%
5 HONEYWELL INTERNATIONAL INCORPORATION 1.72% 4.40% 1.72%
6 PARKER-HANNIFIN CORPORATION 1.45% 3.75% 1.45%
7 LOCKHEED MARTIN CORPORATION 1.35% 6.41% 1.35%
8 HOWMET AEROSPACE INC. 1.23% 4.19% 1.23%
9 GENERAL DYNAMICS CORPORATION 1.10% 4.54% 1.10%
10 Northrop Grumman Corporation 0.98% 4.47% 0.98%
11 TRANSDIGM GROUP INCORPORATED 0.81% 2.63% 0.81%
12 KEYSIGHT TECHNOLOGIES, INC. 0.76% 1.02% 0.76%

Only in IYJ

166 total
  • VISA INC. 7.01%
  • CATERPILLAR INC. 5.20%
  • MASTERCARD INCORPORATED 5.11%
  • GE VERNOVA INC. 3.69%
  • AMERICAN EXPRESS COMPANY 2.20%
  • UNION PACIFIC CORPORATION 2.03%
  • DEERE & COMPANY 1.82%
  • CAPITAL ONE FINANCIAL CORPORATION 1.48%
  • ACCENTURE PUBLIC LIMITED COMPANY 1.39%
  • TRANE TECHNOLOGIES PLC 1.39%

Only in PPA

31 total
  • Elbit Systems Ltd. 3.59%
  • Amphenol Corp. 2.34%
  • Carpenter Technology Corp. 1.36%
  • Palantir Technologies Inc. 1.23%
  • Planet Labs PBC 1.05%
  • Leidos Holdings, Inc. 1.01%
  • Kratos Defense & Security Solutions, Inc. 1.00%
  • CACI International Inc. 0.89%
  • AeroVironment, Inc. 0.87%
  • CAE Inc. 0.75%

Open IYJ or PPA at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.