PPA vs SHLD: holdings overlap, shared companies and scores
As of October 9, 2026, PPA and SHLD overlap 41.5% by weight. Invesco Aerospace & Defense ETF (PPA): U.S. aerospace and defense contractors. Global X Defense Tech ETF (SHLD): Global defense technology companies.
Updated October 9, 2026
Where PPA and SHLD trade against their own history
PPA trades at 30.2 times earnings, against its own median of 24.2, and is more expensive than 79% of its own last 9 years.
SHLD trades at 27.4 times earnings, against its own median of 29.7, and is cheaper than 82% of its own last 3 years.
What moved SHLD this week
SHLD fell 0.6% in the week to October 9, 2026. The holdings that moved it most were Hanwha Aerospace (−16.6%), Elbit Systems (−5.8%) and LIG NEX1 (−18.8%); Palantir Technologies (+10.8%) pushed the other way.
What do PPA and SHLD each hold?
What's inside PPA: Tech 10%, AI 2%.
60% of PPA is its ten largest holdings.
What's inside SHLD: Tech 17%, AI 13%.
65% of SHLD is its ten largest holdings.
How much do PPA and SHLD overlap? 41.5% by weight
As of October 9, 2026, PPA and SHLD overlap 41.5% by weight.
42% of PPA is already inside SHLD.
67% of SHLD is already inside PPA.
PPA holds 67 companies and SHLD holds 50; 21 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 PPA and SHLD? 5.4 and 4.9 out of 10
As of October 9, 2026, ETF Copilot scores PPA 5.4 out of 10 and SHLD 4.9 out of 10.
They differ most on Value: PPA 2.3 and SHLD 7.4.
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 | PPA | SHLD |
|---|---|---|
| Growth | 7.0 | 4.6 |
| Value | 2.3 | 7.4 |
| Risk | 5.3 | 2.8 |
| Quality | 2.1 | 2.7 |
| Return | 8.1 | 6.3 |
SHLD is the cheaper of the two at 0.50% a year
As of October 9, 2026, PPA charges 0.58% a year, yields 0.40% and holds $7.3B in assets across 67 positions.
As of October 9, 2026, SHLD charges 0.50% a year, yields 0.72% and holds $6.3B in assets across 50 positions.
| Measure | PPA | SHLD |
|---|---|---|
| Expense ratio | 0.58% | 0.50% |
| Dividend yield | 0.40% | 0.72% |
| Assets under management | $7.3B | $6.3B |
| Holdings | 67 | 50 |
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, “PPA vs SHLD holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/ppa-vs-shld
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