PPA vs IYJ: Holdings Overlap
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
IYJiShares U.S. Industrials ETF
iShares · 196 holdings · $2.0B · as of 2026-04-30
How similar are PPA and IYJ?
Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60 positions; iShares U.S. Industrials ETF (IYJ, by iShares) holds 196. 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
- 30PPA holds 60 · IYJ holds 196
- Weight in Shared Holdings
- PPA 80%·IYJ 25%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 PPA
30 of 60 positions (20.1% of the fund) are not held by IYJ.
Sector Breakdown
| Sector | PPA | IYJ |
|---|---|---|
| Industrials | 92.8% | 71.0% |
| Financials | 0.0% | 18.9% |
| Information Technology | 7.4% | 3.9% |
| Materials | 0.0% | 5.5% |
| Health Care | 0.0% | 0.3% |
| Other Sectors | 0.1% | 0.3% |
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 |
|---|---|---|---|---|---|---|---|
| PPA | +2.8% | +17.5% | +25.3% | +29.8% | +20.7% | +17.8% | 0.35% |
| IYJ | +2.4% | +14.0% | +19.0% | +16.9% | +9.3% | +12.7% | 0.70% |
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 PPA vs IYJ →
Shared Holdings(30)
The top 10 shared positions account for 77% of the overlap, led by GE, RTX and BA.
 GEGeneral Electric Co. | 7.87% | 3.81% | 3.81% |
|---|---|---|---|
 RTXRTX Corp. COM | 7.15% | 2.97% | 2.97% |
 BABoeing Co. (The) | 9.14% | 2.18% | 2.18% |
 ETNEaton Corporation PLC COM USD0.01 | 2.36% | 2.14% | 2.14% |
 HONHoneywell International Inc. COM | 4.40% | 1.72% | 1.72% |
 PHParker-Hannifin Corp. COM | 3.75% | 1.45% | 1.45% |
 LMTLockheed Martin Corporation COM | 6.41% | 1.35% | 1.35% |
 HWMHowmet Aerospace Inc COM | 4.19% | 1.23% | 1.23% |
 GDGeneral Dynamics Corporation COM | 4.54% | 1.10% | 1.10% |
 NOCNorthrop Grumman Corporation COM | 4.47% | 0.98% | 0.98% |
 TDGTransdigm Group Inc. COM | 2.63% | 0.81% | 0.81% |
 KEYSKeysight Technologies, Inc. COM | 1.02% | 0.76% | 0.76% |
 LHXL3 Harris Technologies Inc COM | 3.77% | 0.76% | 0.76% |
 RKLBRocket Lab Corp. COM | 2.78% | 0.51% | 0.51% |
 AXONAxon Enterprise Inc COM | 1.68% | 0.38% | 0.38% |
 TDYTeledyne Technologies Inc COM | 0.86% | 0.38% | 0.38% |
 CWCurtiss-Wright Corporation | 1.73% | 0.33% | 0.33% |
 WWDWoodward Inc. COM | 1.29% | 0.27% | 0.27% |
 ATIATI Inc COM | 1.36% | 0.26% | 0.26% |
 BWXTBWX Technologies Inc. COM | 1.22% | 0.25% | 0.25% |
 TXTTextron Inc. COM | 1.23% | 0.21% | 0.21% |
 HIIHuntington Ingalls Industries, Inc. COM | 1.26% | 0.18% | 0.18% |
 HEIHeico Corp COM | 1.24% | 0.14% | 0.14% |
 OSKOshkosh Corporation COM | 0.30% | 0.12% | 0.12% |
 BAHBooz Allen Hamilton Holding Corporation Class A | 0.65% | 0.12% | 0.12% |
Frequently Asked Questions
How much do PPA and IYJ overlap?
PPA and IYJ overlap by 24.7% of portfolio weight. They share 30 holdings (PPA holds 60 positions and IYJ holds 196), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PPA and IYJ?
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 PPA and IYJ?
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 PPA own that IYJ doesn't?
30 positions (20.1% of PPA) are unique to PPA, led by ESLTIL-S, APH and CRS. In the other direction, 166 positions (75.2% of IYJ) are unique to IYJ.