InvescoIndustrialsPPA · NYSE Arca

Invesco Aerospace & Defense ETF (PPA)

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Price: $161.81; —11 Sept 2026
Assets: $8B; Total net assets
Expense ratio: 0.58%; Category 0.64%
Yield: 0.38%; Trailing distributions

1Y return: 8.5%-5.5%; Category 14.1%
3Y CAGR: 26.0%+7.5%; Category 18.6%
5Y CAGR: 18.2%+6.8%; Category 11.4%

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Invesco Aerospace & Defense ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-12.3%	-7.0%	-6.5%	+3.4%	+8.5%	+26.0%	+18.2%	+16.5%	+13.1%
Industrials average	-7.8%	-5.9%	3.2%	9.6%	14.1%	18.6%	11.4%	12.8%	7.1%
Difference	-4.5%	-1.1%	-9.7%	-6.1%	-5.5%	+7.5%	+6.8%	+3.7%	+6.0%

Holdings

The 10 largest positions make up 54.3% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
RTX	RTX Corp	8.38%
GE	GE Aerospace	6.94%
BA	Boeing Co	6.84%
LMT	Lockheed Martin Corp	6.59%
GD	General Dynamics Corp	5.04%
NOC	Northrop Grumman Corp	4.90%
HWM	Howmet Aerospace Inc	4.31%
PH	Parker Hannifin Corp	3.86%
AXON	Axon Enterprise Inc	3.73%
LHX	L3Harris Technologies Inc	3.73%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 32.9
P/B: 5.9
P/S: 2.8
P/CF: 22.1

Sector allocation

Share of the equity the fund holds.

Industrials88.9%
Technology10.9%
Communication services0.2%

Asset mix

Stocks99.9%
Cash0.1%

ETF details

Issuer: Invesco
Category: Equity · Industrials
Ticker: PPA
Exchange: NYSE Arca
Inception: 26 Oct 2005 (20.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.58% (category 0.64%)
Holdings turnover: 14% (category 37%)
Distribution yield: 0.38%
Beta, 3 years: 0.86
Total net assets: $8B

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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