PPA vs SHLD

Side by side

	PPA	SHLD
Fund	Invesco Aerospace & Defense ETF	Global X Defense Tech ETF
Issuer	Invesco	Global X
Category	Aerospace & Defense	Aerospace & Defense
Expense ratio	0.58%	0.50%
Assets	$7.4B	$6.4B
Average daily dollar volume	$45M	$87M
Listed	Oct 26, 2005	Sep 11, 2023
FrenzyCap score	68	70
1-month return	−3.5%	−3.1%
3-month return	−9.6%	−1.0%
Year to date	−1.0%	−7.6%
1-year return	−2.8%	−16.3%
30-day volatility	13.9%	14.5%
Worst drawdown, 1 year	−17.6%	−25.4%
Trailing 12-month yield	0.43%	0.71%
Holdings	72	58
Top 10 weight	60.3%	60.2%
Look-through P/E	31.6	28.3
Holdings vs fair value	+9.1%	+9.9%
Holdings above 200-day average	16%	21%
Net flow, latest 3 reported months	−$82M thru Jul 2026	+$1.3B thru May 2026
30-day implied volatility	23.0%	23.3%
Holdings as of	as of Oct 8, 2026issuer data	as of Oct 9, 2026issuer data

Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.

Largest shared holdings

38% of PPA · 63% of SHLD

Holding	PPA	SHLD
RTX	9.02%	9.11%
LMT	8.04%	8.28%
GD	5.21%	8.37%
NOC	4.76%	7.51%
LHX	3.80%	3.70%
PLTR	1.79%	13.24%
LDOS	0.93%	2.43%
HII	0.89%	1.66%
BWXT	0.74%	2.10%
KTOS	0.61%	1.25%
AVAV	0.57%	0.83%
MRCY	0.41%	0.75%
KRMN	0.37%	0.48%
PL	0.32%	0.75%
AMTM	0.21%	0.61%
OSIS	0.19%	0.49%
PSN	0.13%	0.76%
VOYG	0.10%	0.22%
BKSY	0.07%	0.10%

Sector mix of the stock holdings

Sector	PPA	SHLD	Gap
Industrials	80.7%	44.2%	+36.4%
Technology	10.1%	18.8%	−8.7%
Materials	7.2%	0.0%	+7.2%
Communication Services	0.9%	0.0%	+0.9%
Consumer Discretionary	0.2%	0.0%	+0.2%
Health Care	0.1%	0.0%	+0.1%

More: full overlap table · PPA holdings · SHLD holdings

Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.