ETF comparison
ITA vs PPA
Both Industrials.
iShares U.S. Aerospace & Defense ETF · Invesco Aerospace & Defense ETF
Holdings overlap
33 positions appear in both funds. Buying equal dollars of ITA and PPA would leave roughly 67.8% 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
ITA 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 ITA vs PPA.
Top shared holdings
33 shared in total| # | Holding | In ITA | In PPA | Overlap |
|---|---|---|---|---|
| 1 | THE BOEING COMPANY | 8.91% | 9.14% | 8.91% |
| 2 | GENERAL ELECTRIC COMPANY | 19.03% | 7.87% | 7.87% |
| 3 | RTX CORPORATION | 16.55% | 7.15% | 7.15% |
| 4 | LOCKHEED MARTIN CORPORATION | 4.58% | 6.41% | 4.58% |
| 5 | GENERAL DYNAMICS CORPORATION | 4.77% | 4.54% | 4.54% |
| 6 | Northrop Grumman Corporation | 4.58% | 4.47% | 4.47% |
| 7 | HOWMET AEROSPACE INC. | 4.50% | 4.19% | 4.19% |
| 8 | L3HARRIS TECHNOLOGIES, INC. | 4.66% | 3.77% | 3.77% |
| 9 | TRANSDIGM GROUP INCORPORATED | 4.53% | 2.63% | 2.63% |
| 10 | ROCKET LAB CORPORATION | 2.55% | 2.78% | 2.55% |
| 11 | CURTISS-WRIGHT CORPORATION | 2.12% | 1.73% | 1.73% |
| 12 | AXON ENTERPRISE, INC. | 2.83% | 1.68% | 1.68% |
Only in ITA
11 total- FTAI Aviation Ltd. 2.12%
- HEICO CORPORATION 1.38%
- VSE CORPORATION 0.45%
- Archer Aviation Inc 0.27%
- ASTRONICS CORPORATION 0.18%
- INTUITIVE MACHINES, INC. 0.18%
- RED CAT HOLDINGS, INC. 0.12%
- NATIONAL PRESTO INDUSTRIES, INC. 0.06%
- STURM, RUGER & COMPANY, INC. 0.05%
- SMITH & WESSON BRANDS, INC. 0.05%
Only in PPA
28 total- Honeywell International Inc. 4.40%
- Parker-Hannifin Corp. 3.75%
- Elbit Systems Ltd. 3.59%
- Eaton Corp. PLC 2.36%
- Amphenol Corp. 2.34%
- Palantir Technologies Inc. 1.23%
- Planet Labs PBC 1.05%
- Keysight Technologies, Inc. 1.02%
- Leidos Holdings, Inc. 1.01%
- CACI International Inc. 0.89%
Open ITA 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.