KOMP vs PPA: Holdings Overlap
KOMPState Street® SPDR® S&P Kensho New Economies Composite ETF
State Street (SPDR) · 501 holdings · $2.6B · as of 2026-08-06
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
Holdings snapshots are 98 days apart (KOMP: 2026-08-06, 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 KOMP and PPA?
State Street® SPDR® S&P Kensho New Economies Composite ETF (KOMP, by State Street (SPDR)) holds 501 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 40 holdings in common, and by portfolio weight the two funds are 12.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40KOMP holds 501 · PPA holds 60
- Weight in Shared Holdings
- KOMP 14%·PPA 68%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 KOMP
461 of 501 positions (86.0% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | KOMP | PPA |
|---|---|---|
| Industrials | 27.4% | 92.8% |
| Information Technology | 29.9% | 7.4% |
| Health Care | 12.4% | 0.0% |
| Consumer Discretionary | 4.3% | 0.0% |
| Communication Services | 3.6% | 0.1% |
| Other Sectors | 7.9% | 0.0% |
| Unclassified | 14.3% | 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. “Unclassified” is weight we could not classify (14% of KOMP, 0% of PPA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KOMP | +3.5% | +18.5% | +29.5% | +17.6% | +3.3% | — | 1.47% |
| 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 KOMP vs PPA →
Shared Holdings(40)
The top 10 shared positions account for 48% of the overlap, led by ESLT, AVAV and TDY.
 ESLTElbit Systems Ltd ILS1 | 1.09% | 3.59% | 1.09% |
|---|---|---|---|
 AVAVAeroVironment, Inc. COM | 0.96% | 0.87% | 0.87% |
 TDYTeledyne Technologies Inc COM | 0.65% | 0.86% | 0.65% |
 LDOSLeidos Holdings Inc COM | 0.57% | 1.01% | 0.57% |
 CRSCarpenter Technology Corporation COM | 0.51% | 1.36% | 0.51% |
 NOCNorthrop Grumman Corporation COM | 0.47% | 4.47% | 0.47% |
 HEIHeico Corp COM | 0.46% | 1.24% | 0.46% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 0.43% | 1.00% | 0.43% |
 VSATViaSat, Inc. COM | 0.41% | 0.70% | 0.41% |
 BABoeing Co. (The) | 0.40% | 9.14% | 0.40% |
 ATIATI Inc COMMON STOCK | 0.40% | 1.36% | 0.40% |
 LMTLockheed Martin Corporation COM | 0.39% | 6.41% | 0.39% |
 AXONAxon Enterprise Inc COM | 0.39% | 1.68% | 0.39% |
 GDGeneral Dynamics Corporation COM | 0.33% | 4.54% | 0.33% |
 OSISOSI System Inc. COM | 0.29% | 0.32% | 0.29% |
 RTXRTX Corp. COM | 0.28% | 7.15% | 0.28% |
 RKLBRocket Lab Corp. COM | 0.27% | 2.78% | 0.27% |
 MOG-AMoog, Inc., Class A | 0.26% | 0.62% | 0.26% |
 KRMNKarman Holdings Inc. COMMON STOCK | 0.24% | 0.56% | 0.24% |
 HXLHexcel Corporation COM | 0.23% | 0.65% | 0.23% |
 TXTTextron Inc. COM | 0.22% | 1.23% | 0.22% |
 LHXL3 Harris Technologies Inc COM | 0.21% | 3.77% | 0.21% |
 PSNParsons Corporation COM | 0.55% | 0.21% | 0.21% |
 FLYFirefly Aerospace Inc. COM | 0.21% | 0.24% | 0.21% |
 PLPlanet Labs PBC, Class A | 0.21% | 1.05% | 0.21% |
Frequently Asked Questions
How much do KOMP and PPA overlap?
KOMP and PPA overlap by 12.2% of portfolio weight. They share 40 holdings (KOMP holds 501 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KOMP and PPA?
The two portfolios are 12.2% 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 KOMP and PPA?
The largest positions held by both funds are ESLT, AVAV, TDY, LDOS and CRS. Together the top 10 shared positions account for 48% of the total overlap.
What does KOMP own that PPA doesn't?
461 positions (86.0% of KOMP) are unique to KOMP, led by DDD, TWST and AMBA. In the other direction, 20 positions (32.6% of PPA) are unique to PPA.