FTCS vs PPA: Holdings Overlap
FTCSFirst Trust Capital Strength ETF
First Trust · 50 holdings · $7.9B · 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 (FTCS: 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 FTCS and PPA?
First Trust Capital Strength ETF (FTCS, by First Trust) holds 50 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 4 holdings in common, and by portfolio weight the two funds are 8.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4FTCS holds 50 · PPA holds 60
- Weight in Shared Holdings
- FTCS 8%·PPA 20%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 FTCS
46 of 50 positions (91.6% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FTCS | PPA |
|---|---|---|
| Industrials | 21.5% | 92.8% |
| Financials | 23.0% | 0.0% |
| Consumer Staples | 17.0% | 0.0% |
| Health Care | 12.1% | 0.0% |
| Information Technology | 9.2% | 7.4% |
| Other Sectors | 17.2% | 0.1% |
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 |
|---|---|---|---|---|---|---|---|
| FTCS | +2.7% | +8.9% | +11.0% | +10.9% | +6.3% | +10.8% | 1.06% |
| 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 FTCS vs PPA →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by LMT, HON and NOC.
Frequently Asked Questions
How much do FTCS and PPA overlap?
FTCS and PPA overlap by 8.3% of portfolio weight. They share 4 holdings (FTCS holds 50 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTCS and PPA?
The two portfolios are 8.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FTCS and PPA?
The largest positions held by both funds are LMT, HON, NOC and GD. Together the top 4 shared positions account for 100% of the total overlap.
What does FTCS own that PPA doesn't?
46 positions (91.6% of FTCS) are unique to FTCS, led by EOG, LIN and ROST. In the other direction, 56 positions (80.5% of PPA) are unique to PPA.