MDYV vs PPA: Holdings Overlap
MDYVState Street® SPDR® S&P 400™ Mid Cap Value ETF
State Street (SPDR) · 297 holdings · $2.9B · 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 (MDYV: 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 MDYV and PPA?
State Street® SPDR® S&P 400™ Mid Cap Value ETF (MDYV, by State Street (SPDR)) holds 297 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 6 holdings in common, and by portfolio weight the two funds are 1.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6MDYV holds 297 · PPA holds 60
- Weight in Shared Holdings
- MDYV 2%·PPA 3%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 MDYV
291 of 297 positions (98.3% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | MDYV | PPA |
|---|---|---|
| Industrials | 18.7% | 92.8% |
| Financials | 23.4% | 0.0% |
| Consumer Discretionary | 12.5% | 0.0% |
| Information Technology | 8.3% | 7.4% |
| Real Estate | 8.2% | 0.0% |
| Other Sectors | 28.8% | 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 |
|---|---|---|---|---|---|---|---|
| MDYV | +3.1% | +15.2% | +23.9% | +12.9% | +9.2% | +10.6% | 1.64% |
| 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 MDYV vs PPA →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by BAH, OSK and SAIC.
 BAHBooz Allen Hamilton Holding Corporation Class A | 0.51% | 0.65% | 0.51% |
|---|---|---|---|
 OSKOshkosh Corporation COM | 0.29% | 0.30% | 0.29% |
 SAICScience Applications International Corp. COM | 0.30% | 0.29% | 0.29% |
 KBRKBR Inc COM | 0.27% | 0.31% | 0.27% |
 SAROStandardAero Inc. COM | 0.12% | 0.73% | 0.12% |
 PSNParsons Corporation COM | 0.05% | 0.21% | 0.05% |
Frequently Asked Questions
How much do MDYV and PPA overlap?
MDYV and PPA overlap by 1.5% of portfolio weight. They share 6 holdings (MDYV holds 297 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MDYV and PPA?
The two portfolios are 1.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of MDYV and PPA?
The largest positions held by both funds are BAH, OSK, SAIC, KBR and SARO. Together the top 6 shared positions account for 100% of the total overlap.
What does MDYV own that PPA doesn't?
291 positions (98.3% of MDYV) are unique to MDYV, led by USFD, RS and SNX. In the other direction, 54 positions (97.8% of PPA) are unique to PPA.