ETF comparison

PPAvsSHLD

Both Industrials.

Invesco Aerospace & Defense ETF · Global X Defense Tech ETF

Holdings overlap

Weighted by ISIN/CUSIP
39.0%

20 positions appear in both funds. Buying equal dollars of PPA and SHLD would leave roughly39.0%of each dollar exposed to the same underlying securities.

PPA only 61.3%Shared 39.0%SHLD only 60.6%
In PPA only
41 positions
Shared
20 positions
In SHLD only
28 positions

Side by side

PPA

Invesco Aerospace & Defense ETF

Invesco · Industrials

63composite / 100
Expense ratio
0.58%
Net assets
$8.03B
TTM yield
0.40%
Top-10 conc.
56.9%
SHLD

Global X Defense Tech ETF

Global X · Industrials

65composite / 100
Expense ratio
0.50%
Net assets
$7.24B
TTM yield
0.69%
Top-10 conc.
59.3%

Sub-score comparison

42
Cost
50
85
Tax efficiency
84
96
Liquidity
94
33
Concentration
30
Tracking quality
PPAsub-scoreSHLD

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with PPA vs SHLD.

Top shared holdings

20 shared in total
#HoldingIn PPAIn SHLDOverlap
1RTX Corp.7.15%7.76%7.15%
2Lockheed Martin Corp.6.41%8.42%6.41%
3General Dynamics Corp.4.54%7.67%4.54%
4Northrop Grumman Corp.4.47%4.23%4.23%
5L3Harris Technologies, Inc.3.77%4.69%3.77%
6Elbit Systems Ltd.3.59%4.13%3.59%
7Huntington Ingalls Industries, Inc.1.26%2.04%1.26%
8Palantir Technologies Inc.1.23%7.07%1.23%
9BWX Technologies, Inc.1.22%3.05%1.22%
10Leidos Holdings, Inc.1.01%2.77%1.01%
11Kratos Defense & Security Solutions, Inc.1.00%1.81%1.00%
12AeroVironment, Inc.0.87%1.32%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. PLC2.36%
  • Amphenol Corp.2.34%
  • Curtiss-Wright Corp.1.73%

Only in SHLD

28 total
  • Rheinmetall Aktiengesellschaft5.76%
  • BAE SYSTEMS PLC4.88%
  • HANWHA AEROSPACE CO., LTD.4.40%
  • LEONARDO - SOCIETA PER AZIONI4.35%
  • THALES SA4.27%
  • SAAB Aktiebolag3.82%
  • KOREA AEROSPACE INDUSTRIES, LTD.1.34%
  • BABCOCK INTERNATIONAL GROUP PLC1.19%
  • LIG Defense&Aerospace Co., Ltd1.11%
  • DASSAULT AVIATION SA1.06%

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 methodologyand 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.