ETF comparison
PPA vs SHLD
Both Industrials.
Holdings overlap
20 positions appear in both funds. Buying equal dollars of PPA and SHLD would leave roughly 38.8% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SHLD is 8 bps cheaper than PPA. On a $100,000 position that's about $80/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 PPA vs SHLD.
Top shared holdings
20 shared in total| # | Holding | In PPA | In SHLD | Overlap |
|---|---|---|---|---|
| 1 | RTX Corp. | 7.15% | 7.92% | 7.15% |
| 2 | Lockheed Martin Corp. | 6.41% | 9.46% | 6.41% |
| 3 | General Dynamics Corp. | 4.54% | 7.15% | 4.54% |
| 4 | Northrop Grumman Corp. | 4.47% | 4.92% | 4.47% |
| 5 | L3Harris Technologies, Inc. | 3.77% | 4.91% | 3.77% |
| 6 | Elbit Systems Ltd. | 3.59% | 3.17% | 3.17% |
| 7 | Huntington Ingalls Industries, Inc. | 1.26% | 2.67% | 1.26% |
| 8 | Palantir Technologies Inc. | 1.23% | 5.60% | 1.23% |
| 9 | BWX Technologies, Inc. | 1.22% | 2.90% | 1.22% |
| 10 | Leidos Holdings, Inc. | 1.01% | 3.44% | 1.01% |
| 11 | Kratos Defense & Security Solutions, Inc. | 1.00% | 2.20% | 1.00% |
| 12 | AeroVironment, Inc. | 0.87% | 1.45% | 0.87% |
Only in PPA
41 total- Boeing Co. (The) 9.14%
- General Electric Co. 7.87%
- Honeywell International Inc. 4.40%
- Howmet Aerospace Inc. 4.19%
- Parker-Hannifin Corp. 3.75%
- Rocket Lab Corp. 2.78%
- TransDigm Group Inc. 2.63%
- Eaton Corp. PLC 2.36%
- Amphenol Corp. 2.34%
- Curtiss-Wright Corp. 1.73%
Only in SHLD
29 total- Rheinmetall Aktiengesellschaft 6.78%
- BAE SYSTEMS PLC 4.60%
- HANWHA AEROSPACE CO., LTD. 4.24%
- THALES SA 4.17%
- LEONARDO - SOCIETA PER AZIONI 4.15%
- SAAB Aktiebolag 4.06%
- KOREA AEROSPACE INDUSTRIES, LTD. 1.45%
- BABCOCK INTERNATIONAL GROUP PLC 1.33%
- DASSAULT AVIATION SA 1.09%
- HANWHA SYSTEMS Co., Ltd. 0.90%
Open PPA or SHLD 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.