IYJ vs PPA: Holdings Overlap
IYJiShares U.S. Industrials ETF
iShares · 196 holdings · $2.0B · as of 2026-04-30
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
How similar are IYJ and PPA?
iShares U.S. Industrials ETF (IYJ, by iShares) holds 196 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 30 holdings in common, and by portfolio weight the two funds are 24.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 30IYJ holds 196 · PPA holds 60
- Weight in Shared Holdings
- IYJ 25%·PPA 80%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 IYJ
166 of 196 positions (75.2% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IYJ | PPA |
|---|---|---|
| Industrials | 71.0% | 92.8% |
| Financials | 18.9% | 0.0% |
| Information Technology | 3.9% | 7.4% |
| Materials | 5.5% | 0.0% |
| Health Care | 0.3% | 0.0% |
| Other Sectors | 0.3% | 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 |
|---|---|---|---|---|---|---|---|
| IYJ | +2.4% | +14.0% | +19.0% | +16.9% | +9.3% | +12.7% | 0.70% |
| 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 IYJ vs PPA →
Shared Holdings(30)
The top 10 shared positions account for 77% of the overlap, led by GE, RTX and BA.
 GEGeneral Electric Co. | 3.81% | 7.87% | 3.81% |
|---|---|---|---|
 RTXRTX Corp. COM | 2.97% | 7.15% | 2.97% |
 BABoeing Co. (The) | 2.18% | 9.14% | 2.18% |
 ETNEaton Corporation PLC COM USD0.01 | 2.14% | 2.36% | 2.14% |
 HONHoneywell International Inc. COM | 1.72% | 4.40% | 1.72% |
 PHParker-Hannifin Corp. COM | 1.45% | 3.75% | 1.45% |
 LMTLockheed Martin Corporation COM | 1.35% | 6.41% | 1.35% |
 HWMHowmet Aerospace Inc COM | 1.23% | 4.19% | 1.23% |
 GDGeneral Dynamics Corporation COM | 1.10% | 4.54% | 1.10% |
 NOCNorthrop Grumman Corporation COM | 0.98% | 4.47% | 0.98% |
 TDGTransdigm Group Inc. COM | 0.81% | 2.63% | 0.81% |
 KEYSKeysight Technologies, Inc. COM | 0.76% | 1.02% | 0.76% |
 LHXL3 Harris Technologies Inc COM | 0.76% | 3.77% | 0.76% |
 RKLBRocket Lab Corp. COM | 0.51% | 2.78% | 0.51% |
 AXONAxon Enterprise Inc COM | 0.38% | 1.68% | 0.38% |
 TDYTeledyne Technologies Inc COM | 0.38% | 0.86% | 0.38% |
 CWCurtiss-Wright Corporation | 0.33% | 1.73% | 0.33% |
 WWDWoodward Inc. COM | 0.27% | 1.29% | 0.27% |
 ATIATI Inc COM | 0.26% | 1.36% | 0.26% |
 BWXTBWX Technologies Inc. COM | 0.25% | 1.22% | 0.25% |
 TXTTextron Inc. COM | 0.21% | 1.23% | 0.21% |
 HIIHuntington Ingalls Industries, Inc. COM | 0.18% | 1.26% | 0.18% |
 HEIHeico Corp COM | 0.14% | 1.24% | 0.14% |
 OSKOshkosh Corporation COM | 0.12% | 0.30% | 0.12% |
 BAHBooz Allen Hamilton Holding Corporation Class A | 0.12% | 0.65% | 0.12% |
Frequently Asked Questions
How much do IYJ and PPA overlap?
IYJ and PPA overlap by 24.7% of portfolio weight. They share 30 holdings (IYJ holds 196 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IYJ and PPA?
The two portfolios are 24.7% 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 IYJ and PPA?
The largest positions held by both funds are GE, RTX, BA, ETN and HON. Together the top 10 shared positions account for 77% of the total overlap.
What does IYJ own that PPA doesn't?
166 positions (75.2% of IYJ) are unique to IYJ, led by V, CAT and MA. In the other direction, 30 positions (20.1% of PPA) are unique to PPA.