ETF comparison
PPA vs XLI
Both Industrials.
Invesco Aerospace & Defense ETF · State Street Industrial Select Sector SPDR ETF
Holdings overlap
16 positions appear in both funds. Buying equal dollars of PPA and XLI would leave roughly 29.8% 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
XLI is 50 bps cheaper than PPA. On a $100,000 position that's about $500/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 XLI.
Top shared holdings
16 shared in total| # | Holding | In PPA | In XLI | Overlap |
|---|---|---|---|---|
| 1 | General Electric Co. | 7.11% | 6.77% | 6.77% |
| 2 | RTX Corp. | 8.30% | 4.43% | 4.43% |
| 3 | Boeing Co. (The) | 6.87% | 2.96% | 2.96% |
| 4 | Eaton Corp. PLC | 2.15% | 2.87% | 2.15% |
| 5 | Parker-Hannifin Corp. | 3.69% | 2.14% | 2.14% |
| 6 | Howmet Aerospace Inc. | 4.48% | 1.87% | 1.87% |
| 7 | Lockheed Martin Corp. | 6.64% | 1.79% | 1.79% |
| 8 | General Dynamics Corp. | 4.96% | 1.56% | 1.56% |
| 9 | TransDigm Group Inc. | 3.09% | 1.29% | 1.29% |
| 10 | Honeywell Aerospace Inc. | 4.09% | 1.22% | 1.22% |
| 11 | Northrop Grumman Corp. | 4.75% | 1.18% | 1.18% |
| 12 | L3Harris Technologies, Inc. | 3.83% | 0.94% | 0.94% |
Only in PPA
46 total- Elbit Systems Ltd. 3.49%
- Amphenol Corp. 2.52%
- Curtiss-Wright Corp. 1.69%
- HEICO Corp. 1.64%
- Carpenter Technology Corp. 1.61%
- Rocket Lab Corp. 1.57%
- ATI Inc. 1.56%
- Woodward, Inc. 1.29%
- Palantir Technologies Inc. 1.23%
- Leonardo DRS, Inc. 0.99%
Only in XLI
65 total- Caterpillar Inc 8.51%
- GE Vernova Inc 5.48%
- Union Pacific Corp 2.80%
- Deere & Co 2.77%
- Uber Technologies Inc 2.55%
- Vertiv Holdings Co 2.23%
- Trane Technologies PLC 1.88%
- Quanta Services Inc 1.88%
- Cummins Inc 1.71%
- Automatic Data Processing Inc 1.55%
Related comparisons
More comparisons with PPA
- 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%
- PPA vs AIRR · First Trust RBA American Industrial RenaissanceTM ETF 4.8%
- PPA vs JETS · U.S. Global Jets ETF 4.5%
More comparisons with XLI
- XLI vs PAVE · Global X U.S. Infrastructure Development ETF 25.9%
- XLI vs ITA · iShares U.S. Aerospace & Defense ETF 24.0%
- XLI vs XAR · State Street SPDR S&P Aerospace & Defense ETF 18.3%
- XLI vs IFRA · iShares U.S. Infrastructure ETF 15.5%
- XLI vs SHLD · Global X Defense Tech ETF 10.3%
- XLI vs JETS · U.S. Global Jets ETF 5.8%
Percentages are holdings overlap with the named fund.
Open PPA or XLI 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.