IVV vs PPA: Holdings Overlap
iShares · 503 holdings · $901.0B · 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 (IVV: 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 IVV and PPA?
iShares Core S&P 500 ETF (IVV, by iShares) holds 503 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 20 holdings in common, and by portfolio weight the two funds are 4.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20IVV holds 503 · PPA holds 60
- Weight in Shared Holdings
- IVV 4%·PPA 71%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 IVV
483 of 503 positions (95.7% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IVV | PPA |
|---|---|---|
| Industrials | 9.0% | 92.8% |
| Information Technology | 32.6% | 7.4% |
| Financials | 12.6% | 0.0% |
| Communication Services | 10.5% | 0.1% |
| Consumer Discretionary | 9.8% | 0.0% |
| Other Sectors | 25.3% | 0.0% |
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 |
|---|---|---|---|---|---|---|---|
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
| 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 IVV vs PPA →
Shared Holdings(20)
The top 10 shared positions account for 79% of the overlap, led by PLTR, GE and RTX.
 PLTRPalantir Technologies, Inc., Class A | 0.60% | 1.23% | 0.60% |
|---|---|---|---|
 GEGeneral Electric Co. | 0.53% | 7.87% | 0.53% |
 RTXRTX Corp. | 0.46% | 7.15% | 0.46% |
 BABoeing Co. (The) | 0.28% | 9.14% | 0.28% |
 APHAmphenol Corp., Class A | 0.28% | 2.34% | 0.28% |
 HONHoneywell International, Inc. | 0.26% | 4.40% | 0.26% |
 ETNEaton Corp. plc | 0.25% | 2.36% | 0.25% |
 LMTLockheed Martin Corp. | 0.22% | 6.41% | 0.22% |
 PHParker-Hannifin Corp. | 0.20% | 3.75% | 0.20% |
 HWMHowmet Aerospace, Inc. | 0.16% | 4.19% | 0.16% |
 NOCNorthrop Grumman Corp. | 0.16% | 4.47% | 0.16% |
 GDGeneral Dynamics Corp. | 0.16% | 4.54% | 0.16% |
 TDGTransDigm Group, Inc. | 0.12% | 2.63% | 0.12% |
 LHXL3Harris Technologies, Inc. | 0.12% | 3.77% | 0.12% |
 KEYSKeysight Technologies, Inc. | 0.09% | 1.02% | 0.09% |
 AXONAxon Enterprise, Inc. | 0.06% | 1.68% | 0.06% |
 TDYTeledyne Technologies, Inc. | 0.05% | 0.86% | 0.05% |
 LDOSLeidos Holdings, Inc. | 0.04% | 1.01% | 0.04% |
 TXTTextron, Inc. | 0.03% | 1.23% | 0.03% |
 HIIHuntington Ingalls Industries, Inc. | 0.03% | 1.26% | 0.03% |
Frequently Asked Questions
How much do IVV and PPA overlap?
IVV and PPA overlap by 4.1% of portfolio weight. They share 20 holdings (IVV holds 503 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IVV and PPA?
The two portfolios are 4.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IVV and PPA?
The largest positions held by both funds are PLTR, GE, RTX, BA and APH. Together the top 10 shared positions account for 79% of the total overlap.
What does IVV own that PPA doesn't?
483 positions (95.7% of IVV) are unique to IVV, led by NVDA, AAPL and MSFT. In the other direction, 40 positions (29.0% of PPA) are unique to PPA.