ETF comparison
PPA vs XAR
Both Industrials.
Invesco Aerospace & Defense ETF · State Street SPDR S&P Aerospace & Defense ETF
Holdings overlap
35 positions appear in both funds. Buying equal dollars of PPA and XAR would leave roughly 47.6% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
XAR is 23 bps cheaper than PPA. On a $100,000 position that's about $230/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 XAR.
Top shared holdings
35 shared in total| # | Holding | In PPA | In XAR | Overlap |
|---|---|---|---|---|
| 1 | Axon Enterprise, Inc. | 3.20% | 3.22% | 3.20% |
| 2 | General Electric Co. | 7.11% | 3.02% | 3.02% |
| 3 | TransDigm Group Inc. | 3.09% | 2.83% | 2.83% |
| 4 | Howmet Aerospace Inc. | 4.48% | 2.77% | 2.77% |
| 5 | RTX Corp. | 8.30% | 2.75% | 2.75% |
| 6 | General Dynamics Corp. | 4.96% | 2.67% | 2.67% |
| 7 | Boeing Co. (The) | 6.87% | 2.67% | 2.67% |
| 8 | Lockheed Martin Corp. | 6.64% | 2.50% | 2.50% |
| 9 | L3Harris Technologies, Inc. | 3.83% | 2.47% | 2.47% |
| 10 | Northrop Grumman Corp. | 4.75% | 2.42% | 2.42% |
| 11 | Curtiss-Wright Corp. | 1.69% | 2.71% | 1.69% |
| 12 | HEICO Corp. | 1.64% | 2.86% | 1.64% |
Only in PPA
27 total- Honeywell Aerospace Inc. 4.09%
- Parker-Hannifin Corp. 3.69%
- Elbit Systems Ltd. 3.49%
- Amphenol Corp. 2.52%
- Eaton Corp. PLC 2.15%
- Palantir Technologies Inc. 1.23%
- Leidos Holdings, Inc. 1.01%
- CACI International Inc. 0.88%
- Keysight Technologies, Inc. 0.85%
- Viasat, Inc. 0.85%
Only in XAR
13 total- VSE Corp 3.40%
- FTAI Aviation Ltd 3.08%
- Archer Aviation Inc 2.41%
- Intuitive Machines Inc 2.08%
- Astronics Corp 1.66%
- Red Cat Holdings Inc 1.33%
- Satellogic Inc 0.48%
- National Presto Industries Inc 0.46%
- Beta Technologies Inc 0.43%
- York Space Systems Inc 0.40%
Related comparisons
More comparisons with PPA
- PPA vs SHLD · Global X Defense Tech ETF 39.3%
- PPA vs XLI · State Street Industrial Select Sector SPDR ETF 29.8%
- PPA vs FIDU · Fidelity MSCI Industrials Index ETF 29.1%
- PPA vs VIS · Vanguard Industrials Index Fund ETF Shares 27.2%
- PPA vs IYJ · iShares U.S. Industrials ETF 24.5%
- PPA vs PAVE · Global X U.S. Infrastructure Development ETF 11.6%
More comparisons with XAR
- XAR vs SHLD · Global X Defense Tech ETF 25.1%
- XAR vs VIS · Vanguard Industrials Index Fund ETF Shares 20.3%
- XAR vs FIDU · Fidelity MSCI Industrials Index ETF 20.2%
- XAR vs XLI · State Street Industrial Select Sector SPDR ETF 18.3%
- XAR vs IYJ · iShares U.S. Industrials ETF 17.1%
- XAR vs AIRR · First Trust RBA American Industrial RenaissanceTM ETF 11.4%
Percentages are holdings overlap with the named fund.
Open PPA or XAR 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.