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Invesco Aerospace & Defense ETF(PPA · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PPA
$165.18
—
Snapshot
$165.18
- 52-Week Range
- $144.29 – $186.30
- YTD
- +2.50%
- IV Rank (30D)
- 6.81
- Straddle Price
- $8.95
- P/C Vol Ratio
- 0.10
Info
Invesco Aerospace & Defense ETF (PPA) ETF
- Exchange
- ARCX
- Inception
- 2005-10-26
- Has Options
- Yes
ETF Profile
holdings as of 2026-09-05
Holdings
65
AUM
$7.9B
Provider
Invesco
Inception
2005-10-26
Exchange
ARCX
Data As Of
2026-09-05
Expense Ratio
—
Dividend Yield
0.39%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-22 | 2026-06-26 | $0.1359 | CD |
| 2026-03-23 | 2026-03-27 | $0.0461 | CD |
| 2025-09-22 | 2025-09-26 | $0.4549 | CD |
| 2025-06-23 | 2025-06-27 | $0.1550 | CD |
| 2025-03-24 | 2025-03-28 | $0.0489 | CD |
| 2024-12-23 | 2024-12-27 | $0.3120 | CD |
Asset Allocation
Top Holdings
top 50 of 65 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| RTX | RTX Corp | 8.17% | Equity (US) | US |
| BA | Boeing Co/The | 7.11% | Equity (US) | US |
| GE | General Electric Co | 7.03% | Equity (US) | US |
| LMT | Lockheed Martin Corp | 6.36% | Equity (US) | US |
| GD | General Dynamics Corp | 4.91% | Equity (US) | US |
| NOC | Northrop Grumman Corp | 4.78% | Equity (US) | US |
| HWM | Howmet Aerospace Inc | 4.34% | Equity (US) | US |
| PH | Parker-Hannifin Corp | 3.85% | Equity (US) | US |
| LHX | L3Harris Technologies Inc | 3.76% | Equity (US) | US |
| HONA | Honeywell Aerospace Inc | 3.37% | Equity (US) | US |
| AXON | Axon Enterprise Inc | 3.30% | Equity (US) | US |
| ESLT | Elbit Systems Ltd | 3.21% | Equity (Foreign) | IL |
| TDG | TransDigm Group Inc | 3.02% | Equity (US) | US |
| APH | Amphenol Corp | 2.74% | Equity (US) | US |
| ETN | Eaton Corp PLC | 2.24% | Equity (US) | US |
| ATI | ATI Inc | 1.85% | Equity (US) | US |
| PLTR | Palantir Technologies Inc | 1.83% | Equity (US) | US |
| RKLB | Rocket Lab Corp | 1.64% | Equity (US) | US |
| HEI | HEICO Corp | 1.58% | Equity (US) | US |
| CRS | Carpenter Technology Corp | 1.55% | Equity (US) | US |
| CW | Curtiss-Wright Corp | 1.40% | Equity (US) | US |
| WWD | Woodward Inc | 1.31% | Equity (US) | US |
| LDOS | Leidos Holdings Inc | 1.22% | Equity (US) | US |
| CACI | CACI International Inc | 1.16% | Equity (US) | US |
| TXT | Textron Inc | 1.10% | Equity (US) | US |
| HII | Huntington Ingalls Industries Inc | 1.07% | Equity (US) | US |
| KEYS | Keysight Technologies Inc | 0.92% | Equity (US) | US |
| BWXT | BWX Technologies Inc | 0.91% | Equity (US) | US |
| VSAT | Viasat Inc | 0.88% | Equity (US) | US |
| DRS | Leonardo DRS Inc | 0.83% | Equity (US) | US |
| TDY | Teledyne Technologies Inc | 0.82% | Equity (US) | US |
| KTOS | Kratos Defense & Security Solutions Inc | 0.80% | Equity (US) | US |
| — | Moog Inc | 0.78% | Equity (US) | US |
| SARO | StandardAero Inc | 0.77% | Equity (US) | US |
| AVAV | AeroVironment Inc | 0.77% | Equity (US) | US |
| CAE | CAE Inc | 0.76% | Equity (Foreign) | CA |
| BAH | Booz Allen Hamilton Holding Corp | 0.69% | Equity (US) | US |
| HXL | Hexcel Corp | 0.67% | Equity (US) | US |
| TTMI | TTM Technologies Inc | 0.56% | Equity (US) | US |
| PL | Planet Labs PBC | 0.54% | Equity (US) | US |
| AIR | AAR Corp | 0.48% | Equity (US) | — |
| MRCY | Mercury Systems Inc | 0.48% | Equity (US) | US |
| SAIC | Science Applications International Corp | 0.40% | Equity (US) | US |
| LOAR | Loar Holdings Inc | 0.37% | Equity (US) | US |
| KRMN | Karman Holdings Inc | 0.34% | Equity (US) | US |
| OSK | Oshkosh Corp | 0.32% | Equity (US) | US |
| KBR | KBR Inc | 0.31% | Equity (US) | US |
| AMTM | Amentum Holdings Inc | 0.27% | Equity (US) | US |
| RDW | Redwire Corp | 0.26% | Equity (US) | US |
| OSIS | OSI Systems Inc | 0.24% | Equity (US) | US |
Non-Equity Breakdown
Invesco Aerospace & Defense ETF ·
NPORT-P period 2026-04-30
(filed 2026-03-30)
Net assets:
$7.81B
· 62 total positions
· equity 100.06%
· non-equity 5.22%
Non-equity holdings
— 2 positions,
5.22% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 5.22% | $407.8M | 2 |
Chart
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +2.04% | 6 |
| Feb | +3.33% | 6 |
| Mar | -0.66% | 6 |
| Apr | +0.12% | 6 |
| May | +2.08% | 6 |
| Jun | +0.98% | 6 |
| Jul | +1.52% | 6 |
| Aug | -1.51% | 6 |
| Sep | -1.84% | 6 |
| Oct | +4.32% | 5 |
| Nov | +1.18% | 5 |
| Dec | +1.86% | 5 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $174.80
SMA 50: $175.11
SMA 200: $170.51
Current: $165.18
EMA 12: $169.35
EMA 26: $172.71
MACD: -3.3555 | Signal: -1.3858
BEARISH
ADX (14): 30.10
TREND
+DI: 13.33
−DI: 37.93
Momentum Oscillators
RSI (14): 33.01
NEUTRAL
Stoch %K: 7.79
Stoch %D: 4.87
Williams %R: -89.70
Volume & Volatility
BB Upper: $189.77
BB Lower: $159.82
NEUTRAL
OBV: 1,920,782
Vol SMA 20: 184,067
Vol ROC: -60.96%
ATR: $2.80
True Range: $1.42
HV 20: 17.1%
HV 30: 22.7%
HV 60: 23.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-09-09T00:00:00 – 2026-09-04T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Options Activity
- IV Rank (30D)
- 6.81
- IV Rank (7D)
- 46.15
- Avg IV
- 24.9%
- Straddle (30D)
- $8.95
- Straddle (7D)
- $6.00
- P/C Volume
- 0.10
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 1.03
- Correlation (SPY)
- 61.3%
- R²
- 0.38
- Ann. Volatility
- 21.6%
- SPY Volatility
- 12.8%
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|