PPA vs SLYV: Holdings Overlap
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
SLYVState Street® SPDR® S&P 600™ Small Cap Value ETF
State Street (SPDR) · 462 holdings · $5.1B · as of 2026-08-06
Holdings snapshots are 98 days apart (PPA: 2026-04-30, SLYV: 2026-08-06). 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 PPA and SLYV?
Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60 positions; State Street® SPDR® S&P 600™ Small Cap Value ETF (SLYV, by State Street (SPDR)) holds 462. They have 3 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3PPA holds 60 · SLYV holds 462
- Weight in Shared Holdings
- PPA 1%·SLYV 1%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
57 of 60 positions (99.6% of the fund) are not held by SLYV. Showing the top 30 by weight.
Sector Breakdown
| Sector | PPA | SLYV |
|---|---|---|
| Industrials | 92.8% | 13.2% |
| Financials | 0.0% | 22.1% |
| Consumer Discretionary | 0.0% | 15.7% |
| Information Technology | 7.4% | 11.8% |
| Real Estate | 0.0% | 6.9% |
| Other Sectors | 0.1% | 29.1% |
| Unclassified | 0.0% | 1.0% |
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 (0% of PPA, 1% of SLYV).
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% |
| SLYV | +3.6% | +23.2% | +39.5% | +13.6% | +8.2% | +10.3% | 1.78% |
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 SLYV →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by AMTM, VVX and IRDM.
Frequently Asked Questions
How much do PPA and SLYV overlap?
PPA and SLYV overlap by 0.7% of portfolio weight. They share 3 holdings (PPA holds 60 positions and SLYV holds 462), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PPA and SLYV?
The two portfolios are 0.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of PPA and SLYV?
The largest positions held by both funds are AMTM, VVX and IRDM. Together the top 3 shared positions account for 100% of the total overlap.
What does PPA own that SLYV doesn't?
57 positions (99.6% of PPA) are unique to PPA, led by BA, GE and RTX. In the other direction, 459 positions (99.1% of SLYV) are unique to SLYV.