ITA vs PPA: holdings overlap, shared companies and scores

As of September 11, 2026, ITA and PPA overlap 66.0% by weight. iShares U.S. Aerospace & Defense ETF (ITA): U.S. aerospace and defense sector. Invesco Aerospace & Defense ETF (PPA): U.S. aerospace and defense contractors.

Updated September 11, 2026

How much do ITA and PPA overlap?

As of September 11, 2026, ITA and PPA overlap 66.0% by weight.

96% of ITA is already inside PPA.

73% of PPA is already inside ITA.

ITA holds 51 companies and PPA holds 61; 35 are in both.

Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.

How does ETF Copilot score ITA and PPA?

As of September 11, 2026, ETF Copilot scores ITA 3.6 out of 10 and PPA 3.9 out of 10.

They differ most on Growth: ITA 1.7 and PPA 2.9.

The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.

ITA vs PPA — ETF Copilot factor scores, 0–10
Factor	ITA	PPA
Growth	1.7	2.9
Valuation	2.3	1.9
Risk	2.0	2.8
Quality	2.7	1.8
Return	8.0	8.4

ITA is the cheaper of the two at 0.37% a year

As of September 11, 2026, ITA charges 0.37% a year, yields 1.32% and holds $13.4B in assets across 51 positions.

As of September 11, 2026, PPA charges 0.58% a year, yields 1.20% and holds $7.8B in assets across 61 positions.

ITA vs PPA — cost, income and size
Measure	ITA	PPA
Expense ratio	0.37%	0.58%
Dividend yield	1.32%	1.20%
Assets under management	$13.4B	$7.8B
Holdings	51	61

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

Where ITA and PPA trade against their own history

ITA trades at 34.3 times earnings, against its own median of 25.6, and is more expensive than 84% of its own 114 monthly readings since 2017.

PPA trades at 30.8 times earnings, against its own median of 24.1, and is more expensive than 84% of its own 114 monthly readings since 2017.

What moved ITA and PPA this week

ITA fell 3.1% in the week to September 11, 2026. The holdings that moved it most were General Electric (−2.9%), Howmet Aerospace (−11.9%) and Raytheon Technologies (−2.2%); Textron (+2.1%) pushed the other way.

PPA fell 2.3% in the week to September 11, 2026. The holdings that moved it most were Howmet Aerospace (−11.9%), Axon Enterprise (−10.9%) and L3harris Technologies (−6.3%); Eaton (+7.1%) pushed the other way.

What do ITA and PPA each hold?

What's inside ITA: Tech 0%.

78% of ITA is its ten largest holdings.

What's inside PPA: Tech 11%, AI 2%.

54% of PPA is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “ITA vs PPA holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/ita-vs-ppa