ETF comparison
PPA vs XAR
Both Industrials.
Invesco Aerospace & Defense ETF · State Street SPDR S&P Aerospace & Defense ETF
Holdings overlap
33 positions appear in both funds. Buying equal dollars of PPA and XAR would leave roughly 49.4% 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
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
33 shared in total| # | Holding | In PPA | In XAR | Overlap |
|---|---|---|---|---|
| 1 | General Dynamics Corp. | 4.54% | 3.21% | 3.21% |
| 2 | L3Harris Technologies, Inc. | 3.77% | 3.14% | 3.14% |
| 3 | RTX Corp. | 7.15% | 3.08% | 3.08% |
| 4 | Lockheed Martin Corp. | 6.41% | 3.08% | 3.08% |
| 5 | Northrop Grumman Corp. | 4.47% | 3.08% | 3.08% |
| 6 | Boeing Co. (The) | 9.14% | 3.08% | 3.08% |
| 7 | Howmet Aerospace Inc. | 4.19% | 3.04% | 3.04% |
| 8 | General Electric Co. | 7.87% | 2.89% | 2.89% |
| 9 | Rocket Lab Corp. | 2.78% | 2.96% | 2.78% |
| 10 | TransDigm Group Inc. | 2.63% | 3.05% | 2.63% |
| 11 | Curtiss-Wright Corp. | 1.73% | 3.26% | 1.73% |
| 12 | Axon Enterprise, Inc. | 1.68% | 2.72% | 1.68% |
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%
Only in XAR
9 total- FTAI Aviation Ltd 3.12%
- VSE Corp 2.69%
- Archer Aviation Inc 2.66%
- Astronics Corp 1.91%
- Intuitive Machines Inc 1.53%
- Red Cat Holdings Inc 0.82%
- National Presto Industries Inc 0.42%
- Beta Technologies Inc 0.37%
- State Street Global Advisors 0.09%
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.