PPA vs VIS: holdings overlap, shared companies and scores

As of September 11, 2026, PPA and VIS overlap 28.8% by weight. Invesco Aerospace & Defense ETF (PPA): U.S. aerospace and defense contractors. Vanguard Industrials ETF (VIS): U.S. industrials sector stocks.

Updated September 11, 2026

How much do PPA and VIS overlap?

As of September 11, 2026, PPA and VIS overlap 28.8% by weight.

87% of PPA is already inside VIS.

29% of VIS is already inside PPA.

PPA holds 61 companies and VIS holds 397; 47 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 VIS?

As of September 11, 2026, ETF Copilot scores PPA 3.9 out of 10 and VIS 4.0 out of 10.

They differ most on Quality: PPA 1.8 and VIS 3.5.

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

PPA vs VIS — ETF Copilot factor scores, 0–10
Factor	PPA	VIS
Growth	2.9	3.8
Valuation	1.9	1.7
Risk	2.8	2.9
Quality	1.8	3.5
Return	8.4	6.8

VIS is the cheaper of the two at 0.09% a year

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

As of September 11, 2026, VIS charges 0.09% a year, yields 1.21% and holds $8.8B in assets across 397 positions.

PPA vs VIS — cost, income and size
Measure	PPA	VIS
Expense ratio	0.58%	0.09%
Dividend yield	1.20%	1.21%
Assets under management	$7.8B	$8.8B
Holdings	61	397

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 PPA and VIS trade against their own history

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.

VIS trades at 28.4 times earnings, against its own median of 20.7, and is more expensive than 92% of its own 114 monthly readings since 2017.

What moved PPA and VIS this week

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.

VIS fell 1.1% in the week to September 11, 2026. The holdings that moved it most were Howmet Aerospace (−11.9%), General Electric (−2.9%) and Uber Technologies (−5.6%); Eaton (+7.1%) pushed the other way.

What do PPA and VIS each hold?

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

54% of PPA is its ten largest holdings.

What's inside VIS: Tech 4%, AI 1%.

31% of VIS is its ten largest holdings.

Compare with similar funds

Cite this

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