Which stocks do PPA and SHLD both hold?

20 stocks are in both. The biggest shared positions: RTX (8.3% of PPA, 7.8% of SHLD), LMT (6.6% of PPA, 8.4% of SHLD), GD (5.0% of PPA, 7.7% of SHLD), NOC (4.8% of PPA, 4.2% of SHLD), LHX (3.8% of PPA, 4.7% of SHLD).

PPAvsSHLD

Invesco Aerospace & Defense ETF or Global X Defense Tech ETF, side by side from their own SEC filings. 39% of their stock holdings are the same at the same weight, across 20 stocks in both. SHLD costs 0.50% a year against 0.58% for PPA, $8 a year less on $10,000. Over the last twelve months PPA returned +20.0% and SHLD +19.6%.

39%of the two portfolios is the same stocks at the same weight

PPA40% in stocks the other holds too

SHLD62% in stocks the other holds too

stocks in bothstocks only in that fundbonds, cash and unmatched shares

The two funds

From each fund's latest N-PORT filing and its prospectus.

PPASHLDYearly cost0.58%0.50%Net assets$8.3B$8.0BPositions6451Last 12 months+20.0%+19.6%3 years, a year+27.6%n/a5 years, a year+19.1%n/aLargest holdingRTX 8.3%LMT 8.4%Main sectorIndustrials 87%Industrials 53%Holdings as ofJul 31, 2026May 31, 2026

Returns are total returns with dividends reinvested, from the funds’ own monthly figures; “(price)” marks a fund whose filing record is younger than a year, whose twelve months are its price change. The stronger figure in each row is set in bold. Past returns say what happened, not what will.

Growth of $100

Both funds from December 2023, the first month both report, dividends reinvested.

PPA$205SHLD$254

December 2023May 2026

What they both hold

20 stocks are in both funds: 40% of PPA and 62% of SHLD. The biggest shared positions:

Stockin PPAin SHLD

RTXRTX Corporation8.3%7.8%LMTLockheed Martin6.6%8.4%GDGeneral Dynamics5.0%7.7%NOCNorthrop Grumman4.8%4.2%LHXL3Harris3.8%4.7%ESLTElbit Systems Ltd.3.5%4.1%PLTRPalantir Technologies1.2%7.1%HIIHuntington Ingalls Industries1.2%2.0%LDOSLeidos1.0%2.8%BWXTBWX Technologies, Inc.0.9%3.1%

Only in PPA

Its biggest stocks the other fund does not hold.

Only in SHLD

Its biggest stocks the other fund does not hold.

More comparisons

ITA vs PPA PPA vs XLI PPA vs VIS PAVE vs PPA ITA vs SHLD SHLD vs XLI SHLD vs VIS AIRR vs SHLD

From each fund’s Form N-PORT (PPA: July 2026, SHLD: May 2026) and prospectus, via the SEC’s public data sets. Overlap counts only the stocks we can match to a listing: stock by stock, the smaller of the two weights, added up.