MTUM vs PPA: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
How similar are MTUM and PPA?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 11 holdings in common, and by portfolio weight the two funds are 8.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11MTUM holds 125 · PPA holds 60
- Weight in Shared Holdings
- MTUM 9%·PPA 43%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 MTUM
114 of 125 positions (90.8% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | PPA |
|---|---|---|
| Industrials | 15.6% | 92.8% |
| Information Technology | 44.3% | 7.4% |
| Financials | 10.3% | 0.0% |
| Communication Services | 7.4% | 0.1% |
| Health Care | 6.9% | 0.0% |
| Other Sectors | 15.4% | 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 |
|---|---|---|---|---|---|---|---|
| MTUM | -1.0% | +23.8% | +27.7% | +29.4% | +12.8% | +16.1% | 0.60% |
| 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 MTUM vs PPA →
Shared Holdings(11)
The top 10 shared positions account for 99% of the overlap, led by GE, APH and RTX.
 GEGeneral Electric Co. | 1.90% | 7.87% | 1.90% |
|---|---|---|---|
 APHAmphenol Corporation CL A | 1.55% | 2.34% | 1.55% |
 RTXRTX Corp. COM | 1.46% | 7.15% | 1.46% |
 PLTRPalantir Technologies, Inc., Class A | 1.52% | 1.23% | 1.23% |
 HWMHowmet Aerospace Inc COM | 0.96% | 4.19% | 0.96% |
 LMTLockheed Martin Corporation COM | 0.75% | 6.41% | 0.75% |
 NOCNorthrop Grumman Corporation COM | 0.33% | 4.47% | 0.33% |
 LHXL3 Harris Technologies Inc COM | 0.33% | 3.77% | 0.33% |
 RKLBRocket Lab Corp. COM | 0.12% | 2.78% | 0.12% |
 CWCurtiss-Wright Corporation | 0.10% | 1.73% | 0.10% |
 HEIHeico Corp COM | 0.08% | 1.24% | 0.08% |
Frequently Asked Questions
How much do MTUM and PPA overlap?
MTUM and PPA overlap by 8.8% of portfolio weight. They share 11 holdings (MTUM holds 125 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and PPA?
The two portfolios are 8.8% 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 MTUM and PPA?
The largest positions held by both funds are GE, APH, RTX, PLTR and HWM. Together the top 10 shared positions account for 99% of the total overlap.
What does MTUM own that PPA doesn't?
114 positions (90.8% of MTUM) are unique to MTUM, led by MU, AVGO and NVDA. In the other direction, 49 positions (57.1% of PPA) are unique to PPA.