PPA vs VTI: Holdings Overlap
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
VTIVanguard Total Stock Market Index Fund
Vanguard · 3505 holdings · $696.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (PPA: 2026-04-30, VTI: 2026-03-31). 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 VTI?
Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60 positions; Vanguard Total Stock Market Index Fund (VTI, by Vanguard) holds 3505. They have 58 holdings in common, and by portfolio weight the two funds are 4.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58PPA holds 60 · VTI holds 3505
- Weight in Shared Holdings
- PPA 96%·VTI 4%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
2 of 60 positions (4.3% of the fund) are not held by VTI.
Sector Breakdown
| Sector | PPA | VTI |
|---|---|---|
| Industrials | 92.8% | 10.4% |
| Information Technology | 7.4% | 30.5% |
| Financials | 0.0% | 12.7% |
| Health Care | 0.0% | 10.0% |
| Consumer Discretionary | 0.0% | 9.8% |
| Other Sectors | 0.1% | 26.0% |
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 |
|---|---|---|---|---|---|---|---|
| PPA | +2.8% | +17.5% | +25.3% | +29.8% | +20.7% | +17.8% | 0.35% |
| VTI | +3.3% | +14.6% | +24.2% | +20.9% | +12.3% | +14.9% | 1.02% |
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 VTI →
Shared Holdings(58)
The top 10 shared positions account for 70% of the overlap, led by PLTR, GE and RTX.
 PLTRPalantir Technologies, Inc., Class A | 1.23% | 0.51% | 0.51% |
|---|---|---|---|
 GEGeneral Electric Co. | 7.87% | 0.45% | 0.45% |
 RTXRTX Corp. COM | 7.15% | 0.41% | 0.41% |
 BABoeing Co. (The) | 9.14% | 0.25% | 0.25% |
 APHAmphenol Corporation CL A | 2.34% | 0.25% | 0.25% |
 HONHoneywell International Inc. COM | 4.40% | 0.23% | 0.23% |
 LMTLockheed Martin Corporation COM | 6.41% | 0.22% | 0.22% |
 ETNEaton Corporation PLC COM USD0.01 | 2.36% | 0.22% | 0.22% |
 PHParker-Hannifin Corp. COM | 3.75% | 0.18% | 0.18% |
 NOCNorthrop Grumman Corporation COM | 4.47% | 0.15% | 0.15% |
 HWMHowmet Aerospace Inc COM | 4.19% | 0.15% | 0.15% |
 GDGeneral Dynamics Corporation COM | 4.54% | 0.13% | 0.13% |
 TDGTransdigm Group Inc. COM | 2.63% | 0.10% | 0.10% |
 LHXL3 Harris Technologies Inc COM | 3.77% | 0.10% | 0.10% |
 KEYSKeysight Technologies, Inc. COM | 1.02% | 0.08% | 0.08% |
 RKLBRocket Lab Corp. COM | 2.78% | 0.06% | 0.06% |
 AXONAxon Enterprise Inc COM | 1.68% | 0.05% | 0.05% |
 TDYTeledyne Technologies Inc COM | 0.86% | 0.04% | 0.04% |
 CWCurtiss-Wright Corporation | 1.73% | 0.04% | 0.04% |
 WWDWoodward Inc. COM | 1.29% | 0.03% | 0.03% |
 ATIATI Inc COM | 1.36% | 0.03% | 0.03% |
 LDOSLeidos Holdings Inc COM | 1.01% | 0.03% | 0.03% |
 CRSCarpenter Technology Corporation COM | 1.36% | 0.03% | 0.03% |
 BWXTBWX Technologies Inc. COM | 1.22% | 0.03% | 0.03% |
 TXTTextron Inc. COM | 1.23% | 0.02% | 0.02% |
Frequently Asked Questions
How much do PPA and VTI overlap?
PPA and VTI overlap by 4.1% of portfolio weight. They share 58 holdings (PPA holds 60 positions and VTI holds 3505), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PPA and VTI?
The two portfolios are 4.1% 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 VTI?
The largest positions held by both funds are PLTR, GE, RTX, BA and APH. Together the top 10 shared positions account for 70% of the total overlap.
What does PPA own that VTI doesn't?
2 positions (4.3% of PPA) are unique to PPA, led by ESLTIL-S and CAE. In the other direction, 3447 positions (95.5% of VTI) are unique to VTI.