DON vs PPA: Holdings Overlap
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · as of 2026-03-31
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (DON: 2026-03-31, PPA: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DON and PPA?
WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 10 holdings in common, and by portfolio weight the two funds are 2.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10DON holds 295 · PPA holds 60
- Weight in Shared Holdings
- DON 3%·PPA 8%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DON
285 of 295 positions (96.8% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | DON | PPA |
|---|---|---|
| Industrials | 17.1% | 92.8% |
| Financials | 22.3% | 0.0% |
| Consumer Discretionary | 10.2% | 0.0% |
| Real Estate | 9.8% | 0.0% |
| Materials | 8.9% | 0.0% |
| Other Sectors | 31.5% | 7.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
| PPA | +2.8% | +17.5% | +25.3% | +29.8% | +20.7% | +17.8% | 0.35% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DON vs PPA →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by HII, BAH and CRS.
 HIIHuntington Ingalls Industries, Inc. COM | 0.48% | 1.26% | 0.48% |
|---|---|---|---|
 BAHBooz Allen Hamilton Holding Corp. CL A | 0.46% | 0.65% | 0.46% |
 CRSCarpenter Technology Corporation COM | 0.30% | 1.36% | 0.30% |
 OSKOshkosh Corporation COM | 0.42% | 0.30% | 0.30% |
 BWXTBWX Technologies Inc. COM | 0.29% | 1.22% | 0.29% |
 DRSLeonardo DRS Inc COM | 0.28% | 0.86% | 0.28% |
 TXTTextron Inc. COM | 0.23% | 1.23% | 0.23% |
 KBRKBR Inc COM | 0.18% | 0.31% | 0.18% |
 MOG-AMoog Inc., Class A | 0.17% | 0.62% | 0.17% |
 HXLHexcel Corporation COM | 0.15% | 0.65% | 0.15% |
Frequently Asked Questions
How much do DON and PPA overlap?
DON and PPA overlap by 2.9% of portfolio weight. They share 10 holdings (DON holds 295 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DON and PPA?
The two portfolios are 2.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DON and PPA?
The largest positions held by both funds are HII, BAH, CRS, OSK and BWXT. Together the top 10 shared positions account for 100% of the total overlap.
What does DON own that PPA doesn't?
285 positions (96.8% of DON) are unique to DON, led by APA, VTRS and BBY. In the other direction, 50 positions (91.8% of PPA) are unique to PPA.