PPAvsXMMO

Invesco Aerospace & Defense ETF or Invesco S&P MidCap Momentum ETF, side by side from their own SEC filings. 9.5% of their stock holdings are the same at the same weight, across 9 stocks in both. XMMO costs 0.35% a year against 0.58% for PPA, $23 a year less on $10,000. Over the last twelve months PPA returned +20.0% and XMMO +18.9%.

9.5%of the two portfolios is the same stocks at the same weight
PPA9.9% in stocks the other holds too
XMMO20% 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.

PPAXMMOYearly cost0.58%0.35%Net assets$8.3B$7.2BPositions6478Last 12 months+20.0%+18.9%3 years, a year+27.6%+23.8%5 years, a year+19.1%+13.4%Largest holdingRTX 8.3%Invesco 5.3%Main sectorIndustrials 87%Industrials 43%Holdings as ofJul 31, 2026Jul 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 August 2019, the first month both report, dividends reinvested.

PPA$278XMMO$275
August 2019July 2026

What they both hold

9 stocks are in both funds: 9.9% of PPA and 20% of XMMO. The biggest shared positions:

Stockin PPAin XMMO
CW1.7%4.3%CRS1.6%2.3%ATI1.6%3.4%WWD1.3%2.8%BWXT0.9%1.9%CACI0.9%1.3%KTOS0.7%1.5%TTMI0.5%2.1%AVAV0.8%0.3%

Only in PPA

Its biggest stocks the other fund does not hold.

  1. RTXRTX Corporation8.3%
  2. GEGE Aerospace7.1%
  3. BABoeing6.9%
  4. LMTLockheed Martin6.6%
  5. GDGeneral Dynamics5.0%
  6. NOCNorthrop Grumman4.8%

Only in XMMO

Its biggest stocks the other fund does not hold.

  1. FTITechnipFMC plc3.7%
  2. NVTnVent Electric plc2.7%
  3. STRLSterling Infrastructure, Inc.2.7%
  4. ROIVRoivant Sciences Ltd.2.5%
  5. RGLDRoyal Gold, Inc.2.4%
  6. MLIMueller Industries, Inc.2.2%

More comparisons

ITA vs PPAPPA vs SHLDPPA vs XLIPPA vs VISPAVE vs PPAIJK vs XMMOSPMD vs XMMOIJH vs XMMO

From each fund’s Form N-PORT (PPA: July 2026, XMMO: July 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.