ITA vs PPA: holdings overlap, shared companies and scores
As of October 28, 2026, ITA and PPA overlap 70.2% 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 October 28, 2026
Where ITA and PPA trade against their own history
ITA trades at 31.6 times earnings, against its own median of 26.5, and is more expensive than 80% of its own last 9 years.
PPA trades at 30.5 times earnings, against its own median of 24.2, and is more expensive than 80% of its own last 9 years.
What moved ITA and PPA this week
ITA rose 0.9% in the week to October 28, 2026. The holdings that moved it most were Lockheed Martin (+14.2%), Raytheon Technologies (+2.2%) and Honeywell Aerospace (+9.0%); Boeing (−13.1%) pushed the other way.
PPA rose 1.4% in the week to October 28, 2026. The holdings that moved it most were Lockheed Martin (+14.2%), Honeywell Aerospace (+9.0%) and L3harris Technologies (+5.3%); Boeing (−13.1%) pushed the other way.
What do ITA and PPA each hold?
What's inside ITA: Tech 0%.
76% of ITA is its ten largest holdings.
What's inside PPA: Tech 9%, AI 2%.
61% of PPA is its ten largest holdings.
How much do ITA and PPA overlap? 70.2% by weight
As of October 28, 2026, ITA and PPA overlap 70.2% by weight.
96% of ITA is already inside PPA.
78% of PPA is already inside ITA.
ITA holds 53 companies and PPA holds 67; 36 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? 5.2 and 5.2 out of 10
As of October 28, 2026, ETF Copilot scores ITA 5.2 out of 10 and PPA 5.2 out of 10.
They differ most on Risk: ITA 4.2 and PPA 5.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | ITA | PPA |
|---|---|---|
| Growth | 7.2 | 6.4 |
| Value | 2.1 | 1.7 |
| Risk | 4.2 | 5.3 |
| Quality | 2.5 | 2.1 |
| Return | 7.6 | 8.3 |
ITA is the cheaper of the two at 0.37% a year
As of October 28, 2026, ITA charges 0.37% a year, yields 0.27% and holds $12.0B in assets across 53 positions.
As of October 28, 2026, PPA charges 0.58% a year, yields 0.39% and holds $7.4B in assets across 67 positions.
| Measure | ITA | PPA |
|---|---|---|
| Expense ratio | 0.37% | 0.58% |
| Dividend yield | 0.27% | 0.39% |
| Assets under management | $12.0B | $7.4B |
| Holdings | 53 | 67 |
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.
Compare with similar funds
Cite this
ETF Copilot, “ITA vs PPA holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/ita-vs-ppa
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