ITA vs PPA
Comparison between ISHARES U.S. AEROSPACE & DEFENSE ETF (ITA, ETF) and INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF).
Both ITA and PPA are from the Industrials sector.
5-Year PerformancePPA has outperformed ITA, delivering a return of +19.2% compared to +18.3%
ITA vs PPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ITA
$14B
PPA
$8.30B
Expense Ratio
Winner
ITA
0.38%
PPA
0.58%
Max Drawdown
ITA
60.16%
Winner
PPA
57.80%
Sharpe Ratio
Winner
ITA
0.93
PPA
0.87
5Y Beta
ITA
0.88
Winner
PPA
0.86
P/E Ratio
ITA
52.37
Winner
PPA
44.99
Forward P/E
ITA
33.45
Winner
PPA
28.09
PEG Ratio
ITA
N/A
PPA
0.39
5Y Dividends CAGR
ITA
2.00%
Winner
PPA
7.34%
5Y EPS CAGR
ITA
10.15%
Winner
PPA
12.15%
Debt to Equity
ITA
107.34%
Winner
PPA
101.05%
P/S Ratio
ITA
3.42
Winner
PPA
2.81
P/B Ratio
ITA
7.00
Winner
PPA
5.91
ITA vs PPA - Holdings Comparison
ITA and PPA have 36 common holdings. Overlap is 66.93%
ITA's top 25 holdings weight is 96.31%. PPA's top 25 holdings weight is 82.81%.
| Rank | ITA | PPA |
|---|---|---|
| #1 | GE AEROSPACE (GE) - 22.09% | RTX CORP (RTX) - 7.67% |
| #2 | RTX CORP (RTX) - 15.59% | GE AEROSPACE (GE) - 7.22% |
| #3 | BOEING CO (BA) - 9.21% | BOEING CO (BA) - 7.03% |
| #4 | HOWMET AEROSPACE INC (HWM) - 4.78% | LOCKHEED MARTIN CORP (LMT) - 5.95% |
| #5 | GENERAL DYNAMICS CORP (GD) - 4.67% | GENERAL DYNAMICS CORP (GD) - 4.80% |
| #6 | TRANSDIGM GROUP INC (TDG) - 4.32% | NORTHROP GRUMMAN CORP (NOC) - 4.67% |
| #7 | LOCKHEED MARTIN CORP (LMT) - 4.23% | HOWMET AEROSPACE INC (HWM) - 4.49% |
| #8 | NORTHROP GRUMMAN CORP (NOC) - 4.20% | HONEYWELL AEROSPACE INC (HONA) - 4.27% |
| #9 | L3HARRIS TECHNOLOGIES INC (LHX) - 3.91% | L3HARRIS TECHNOLOGIES INC (LHX) - 4.02% |
| #10 | AXON ENTERPRISE INC (AXON) - 3.19% | PARKER HANNIFIN CORP (PH) - 3.66% |
| #11 | ROCKET LAB CORP (RKLB) - 2.91% | AXON ENTERPRISE INC (AXON) - 3.33% |
| #12 | CARPENTER TECHNOLOGY CORP (CRS) - 2.08% | ELBIT SYSTEMS LTD (n/a) - 3.21% |
| #13 | CURTISS-WRIGHT CORP (CW) - 2.01% | TRANSDIGM GROUP INC (TDG) - 3.08% |
| #14 | ATI INC (ATI) - 1.87% | AMPHENOL CORP CLASS A (APH) - 2.50% |
| #15 | WOODWARD INC (WWD) - 1.72% | EATON CORP PLC (ETN) - 2.17% |
| #16 | FTAI AVIATION LTD (FTAI) - 1.53% | ROCKET LAB CORP (RKLB) - 1.87% |
| #17 | HEICO CORP CLASS A (HEI-A) - 1.40% | CARPENTER TECHNOLOGY CORP (CRS) - 1.81% |
| #18 | BWX TECHNOLOGIES INC (BWXT) - 1.19% | CURTISS-WRIGHT CORP (CW) - 1.78% |
| #19 | TEXTRON INC (TXT) - 1.13% | HEICO CORP (HEI) - 1.65% |
| #20 | HEICO CORP (HEI) - 1.01% | ATI INC (ATI) - 1.64% |
| #21 | MOOG INC CLASS A (MOG-A) - 0.81% | WOODWARD INC (WWD) - 1.46% |
| #22 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 0.80% | n/a (PLTR) - 1.35% |
| #23 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 0.68% | TEXTRON INC (TXT) - 1.19% |
| #24 | HEXCEL CORP (HXL) - 0.56% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.00% |
| #25 | VSE CORP (VSEC) - 0.42% | BWX TECHNOLOGIES INC (BWXT) - 0.99% |
| Total Holdings | 52 | 64 |
ITA vs PPA - Historical Returns
Returns include dividend reinvestment.
1M
ITA
+0.97%
Winner
PPA
+1.47%
3M
Winner
ITA
+8.80%
PPA
+3.40%
6M
Winner
ITA
+1.48%
PPA
-1.38%
1Y
Winner
ITA
+21.61%
PPA
+19.15%
5Y(CAGR)
ITA
+18.31%
Winner
PPA
+19.25%
10Y(CAGR)
ITA
+15.16%
Winner
PPA
+17.33%
Max(CAGR)
ITA
+12.78%
Winner
PPA
+13.64%
ITA vs PPA - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | ITA | PPA |
|---|---|---|
| 2026 | +7.45% | +8.25% |
| 2025 | +49.15% | +37.54% |
| 2024 | +16.89% | +26.23% |
| 2023 | +14.74% | +18.39% |
| 2022 | +8.94% | +8.80% |
| 2021 | +14.09% | +10.86% |
| 2020 | -15.63% | -1.43% |
| 2019 | +30.00% | +39.54% |
| 2018 | -7.37% | -7.59% |
| 2017 | +33.47% | +28.95% |
| 2016 | +21.75% | +20.62% |
| 2015 | +4.34% | +4.24% |
| 2014 | +11.12% | +14.18% |
| 2013 | +53.34% | +46.90% |
| 2012 | +12.40% | +15.91% |
| 2011 | +4.08% | -2.54% |
| 2010 | +13.72% | +8.47% |
| 2009 | +20.90% | +18.19% |
| 2008 | -37.47% | -36.19% |
| 2007 | +27.52% | +21.82% |
| 2006 | +3.14% | +19.17% |
| 2005 | N/A | +3.96% |
ITA vs PPA Drawdown Comparison
The maximum drawdown for ITA was -59.71%, occurring on Mar 9, 2009. Recovery took 1302 trading sessions.
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The current ITA drawdown is -5.00%. The current PPA drawdown is -6.01%.
| Rank | ITA | PPA |
|---|---|---|
| #1 | -59.71% Oct 9, 2007 - Dec 10, 2012 | -57.37% Oct 9, 2007 - Mar 13, 2013 |
| #2 | -51.00% Feb 12, 2020 - Feb 13, 2023 | -43.91% Feb 12, 2020 - Apr 1, 2021 |
| #3 | -25.45% Oct 3, 2018 - Jul 12, 2019 | -24.74% Oct 3, 2018 - Apr 30, 2019 |
| #4 | -17.17% Apr 10, 2015 - May 10, 2016 | -18.38% Mar 25, 2022 - Nov 10, 2022 |
| #5 | -15.82% Mar 2, 2026 - Jul 6, 2026 | -15.24% Feb 24, 2015 - Apr 27, 2016 |
| #6 | -15.17% Mar 25, 2025 - May 2, 2025 | -15.24% Nov 11, 2024 - May 2, 2025 |
| #7 | -13.24% May 5, 2006 - Nov 14, 2006 | -13.71% Mar 2, 2026 - Mar 30, 2026 |
| #8 | -12.52% Jul 11, 2023 - Nov 22, 2023 | -12.72% Jun 8, 2021 - Feb 28, 2022 |
| #9 | -10.86% Jun 9, 2014 - Nov 24, 2014 | -11.64% Apr 20, 2006 - Oct 13, 2006 |
| #10 | -9.44% Oct 27, 2025 - Dec 22, 2025 | -9.60% Jun 9, 2014 - Oct 31, 2014 |
| #11 | -8.81% Nov 11, 2024 - Jan 23, 2025 | -8.64% Aug 1, 2023 - Nov 14, 2023 |
| #12 | -8.79% Apr 19, 2018 - Jul 31, 2018 | -8.42% Oct 8, 2025 - Dec 22, 2025 |
| #13 | -8.58% Jul 6, 2026 - Jul 20, 2026 | -7.92% Apr 19, 2018 - Jul 31, 2018 |
| #14 | -7.86% Feb 1, 2018 - Feb 26, 2018 | -7.69% Jul 19, 2007 - Sep 18, 2007 |
| #15 | -7.81% Jul 19, 2007 - Sep 18, 2007 | -6.95% Feb 1, 2018 - Feb 26, 2018 |
Correlation
Correlation between ITA and PPA is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2005 - 2026)
ITA vs PPA dividend yield comparison.
| Year | ITA | PPA |
|---|---|---|
| 2026 | 0.13% | 0.10% |
| 2025 | 0.55% | 0.42% |
| 2024 | 0.85% | 0.61% |
| 2023 | 0.93% | 0.67% |
| 2022 | 0.95% | 0.83% |
| 2021 | 0.82% | 0.59% |
| 2020 | 1.07% | 0.88% |
| 2019 | 1.54% | 0.95% |
| 2018 | 1.13% | 0.90% |
| 2017 | 0.91% | 0.67% |
| 2016 | 1.07% | 1.70% |
| 2015 | 1.04% | 1.41% |
| 2014 | 1.21% | 0.62% |
| 2013 | 1.13% | 1.26% |
| 2012 | 2.03% | 2.12% |
| 2011 | 1.10% | 1.09% |
| 2010 | 0.90% | 0.83% |
| 2009 | 1.32% | 1.18% |
| 2008 | 1.12% | 1.03% |
| 2007 | 0.38% | 0.24% |
| 2006 | 0.30% | 0.27% |
| 2005 | 0.00% | 0.14% |
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