Correlation: 75.3%
PPA was created on 2005-10-26 by Invesco. The fund's investment portfolio concentrates primarily on industrials equity. PPA tracks a market-cap-weighted index of US-listed stocks involved in the defense", military", homeland security and space industries.
SHLD was created on 2023-09-11 by Global X. The fund's investment portfolio concentrates primarily on industrials equity. The ETF currently has 2677.75m in AUM and 43 holdings. SHLD tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending.
Key Details
Oct 26, 2005
Sep 11, 2023
Equity
Equity
Industrials
Industrials
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
GD | 63.79% | $74.76B | -6.53% | 2.06% |
CW | 60.41% | $17.44B | +66.12% | 0.19% |
PRI | 56.74% | $8.55B | +10.51% | 1.48% |
DRS | 56.15% | $11.77B | +69.44% | 0.40% |
GE | 54.32% | $251.55B | +42.99% | 0.50% |
RTX | 54.03% | $194.88B | +39.23% | 1.76% |
KTOS | 54.00% | $6.47B | +108.71% | 0.00% |
ITT | 53.99% | $11.86B | +15.05% | 0.88% |
L | 53.95% | $18.52B | +15.92% | 0.28% |
LIN | 53.92% | $215.92B | +4.25% | 1.25% |
CRS | 53.69% | $12.49B | +149.67% | 0.31% |
ADP | 53.38% | $124.52B | +25.51% | 1.96% |
TDG | 53.30% | $79.45B | +11.49% | 0.00% |
BWXT | 53.28% | $12.84B | +51.84% | 0.70% |
LHX | 53.02% | $46.52B | +11.86% | 1.89% |
HWM | 52.64% | $68.72B | +112.26% | 0.21% |
MOG.A | 52.37% | $5.49B | +5.37% | 0.65% |
ROP | 52.19% | $59.75B | -0.78% | 0.56% |
BNT | 51.38% | $11.97B | +44.10% | 0.00% |
PLTR | 51.36% | $330.29B | +442.06% | 0.00% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
VRCA | -11.29% | $53.53M | -92.77% | 0.00% |
AIFU | -9.19% | $4.18B | +24.38% | 0.00% |
CARM | -8.99% | $20.99M | -51.23% | 0.00% |
RLX | -7.45% | $1.97B | +20.56% | 0.47% |
ASPS | -7.21% | $111.52M | -23.08% | 0.00% |
CARV | -6.76% | $8.64M | +4.32% | 0.00% |
NEOG | -6.73% | $1.08B | -70.37% | 0.00% |
STG | -6.36% | $28.54M | -22.35% | 0.00% |
IRWD | -5.26% | $113.08M | -87.74% | 0.00% |
UUU | -4.73% | $7.08M | +91.25% | 0.00% |
AQB | -4.54% | $3.06M | -52.64% | 0.00% |
CAG | -3.87% | $10.26B | -25.01% | 6.51% |
BGS | -3.74% | $342.33M | -48.81% | 17.59% |
PLRX | -3.61% | $80.42M | -87.77% | 0.00% |
NXTC | -3.53% | $12.70M | -65.71% | 0.00% |
LITB | -3.12% | $22.07M | -76.50% | 0.00% |
DG | -2.92% | $24.72B | -11.28% | 2.10% |
LXRX | -2.86% | $270.75M | -57.40% | 0.00% |
DFDV | -2.75% | $460.68M | +2,996.21% | 0.00% |
MSIF | -2.55% | $824.63M | +45.84% | 6.11% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
RRGB | 0.04% | $90.28M | -32.58% | 0.00% |
VHC | 0.05% | $33.48M | +63.90% | 0.00% |
SRRK | 0.06% | $3.45B | +327.80% | 0.00% |
PLUG | -0.07% | $1.31B | -56.82% | 0.00% |
NEUE | -0.11% | $61.16M | +29.49% | 0.00% |
TAL | 0.14% | $4.78B | -3.35% | 0.00% |
NEXA | 0.22% | $643.65M | -36.64% | 0.00% |
CTMX | 0.31% | $332.42M | +63.57% | 0.00% |
ALHC | 0.40% | $2.85B | +90.73% | 0.00% |
FENG | -0.40% | $11.18M | -10.78% | 0.00% |
VSA | -0.46% | $8.84M | -14.05% | 0.00% |
ODP | -0.49% | $498.47M | -58.14% | 0.00% |
HIHO | 0.77% | $7.62M | -16.02% | 4.05% |
CABO | 0.85% | $709.38M | -64.63% | 6.98% |
FUBO | -1.04% | $1.08B | +167.80% | 0.00% |
RLMD | -1.08% | $23.23M | -76.90% | 0.00% |
BTCT | 1.08% | $19.62M | +36.77% | 0.00% |
K | -1.15% | $27.39B | +34.25% | 2.89% |
CMBM | -1.15% | $11.59M | -85.85% | 0.00% |
IFRX | 1.17% | $53.57M | -45.34% | 0.00% |
Yahoo
Rising U.S.-Iran-Israel tensions could trigger a 20% S&P 500 drop-ETFs in staples, defense and volatility gain focus.
SeekingAlpha
Why Defense Tech? Why SHLD?
SeekingAlpha
The S&P 500 Index had been up nearly 1 percent after the first four days of trading this week.
SeekingAlpha
Global X Defense Tech ETF offers diversified exposure to defense and drone technology companies across the U.S., Europe, and Asia. Find out why SHLD is a Buy.
SeekingAlpha
SHLD has surged on global defense spending, but extreme valuations in top holdings suggest caution at current levels. Find out why SHLD ETF is a hold.
Yahoo
In the latest installment of Yahoo Finance's ETF Report, Invesco's Nasdaq 100 ETF (QQQ) and the iShares Russell 2000 ETF (IWM) are seeing some recovery from April's tariff-induced sell-offs. CFRA Research head of ETF research Aniket Ullal examines the investor behaviors driving ETF inflows, noting the growth in defense funds and international market ETFs. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TPMN | -0.01% | $30.91M | 0.65% | |
TBIL | -0.04% | $5.91B | 0.15% | |
TAXF | 0.05% | $487.51M | 0.29% | |
BNDW | -0.11% | $1.26B | 0.05% | |
STPZ | 0.16% | $445.04M | 0.2% | |
DFNM | -0.30% | $1.56B | 0.17% | |
VTEB | -0.32% | $37.28B | 0.03% | |
UITB | 0.41% | $2.31B | 0.39% | |
JMBS | 0.43% | $5.48B | 0.22% | |
SPMB | 0.45% | $6.07B | 0.04% | |
FIXD | -0.48% | $3.40B | 0.65% | |
HYMB | -0.52% | $2.56B | 0.35% | |
GCOR | 0.56% | $568.09M | 0.08% | |
CGSD | -0.58% | $1.30B | 0.25% | |
VMBS | 0.63% | $14.31B | 0.03% | |
AGGH | 0.63% | $317.83M | 0.29% | |
HTAB | 0.72% | $410.72M | 0.39% | |
BSMR | -0.79% | $255.68M | 0.18% | |
PZA | -0.83% | $2.83B | 0.28% | |
UBND | -0.83% | $853.20M | 0.4% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
PPA | 75.32% | $5.45B | 0.57% | |
ITA | 71.37% | $7.86B | 0.4% | |
XAR | 70.93% | $3.77B | 0.35% | |
IMOM | 70.75% | $100.74M | 0.39% | |
PIZ | 70.58% | $330.95M | 0.8% | |
IDMO | 65.57% | $973.90M | 0.25% | |
DVOL | 65.35% | $74.51M | 0.6% | |
CGDG | 64.77% | $2.48B | 0.47% | |
RUNN | 63.72% | $356.27M | 0.58% | |
XLI | 63.51% | $20.65B | 0.09% | |
GLOV | 62.86% | $1.29B | 0.25% | |
DFSI | 62.79% | $729.30M | 0.24% | |
PPI | 62.71% | $55.28M | 0.78% | |
IMTM | 62.55% | $2.95B | 0.3% | |
AVDE | 62.48% | $7.25B | 0.23% | |
FIDU | 62.43% | $1.36B | 0.084% | |
RODM | 62.08% | $1.15B | 0.29% | |
SMMV | 61.99% | $308.90M | 0.2% | |
DFIC | 61.94% | $9.45B | 0.23% | |
VIS | 61.84% | $5.64B | 0.09% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TAIL | -51.40% | $101.78M | 0.59% | |
VIXY | -41.11% | $185.08M | 0.85% | |
USDU | -22.56% | $164.82M | 0.5% | |
BTAL | -21.57% | $291.48M | 1.43% | |
UUP | -18.23% | $197.14M | 0.77% | |
FTSD | -16.95% | $228.56M | 0.25% | |
XONE | -16.95% | $640.90M | 0.03% | |
SPTS | -15.36% | $5.74B | 0.03% | |
CLIP | -14.58% | $1.51B | 0.07% | |
IBTG | -14.44% | $1.96B | 0.07% | |
XBIL | -13.93% | $795.25M | 0.15% | |
UTWO | -12.67% | $372.79M | 0.15% | |
BSMW | -12.28% | $107.34M | 0.18% | |
BILS | -12.08% | $3.91B | 0.1356% | |
SCHO | -11.95% | $10.92B | 0.03% | |
IVOL | -11.57% | $349.05M | 1.02% | |
VGSH | -11.55% | $22.55B | 0.03% | |
STOT | -11.48% | $248.21M | 0.45% | |
TBLL | -10.66% | $2.22B | 0.08% | |
GBIL | -10.22% | $6.38B | 0.12% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
SHAG | 0.01% | $38.12M | 0.12% | |
SGOV | 0.05% | $49.06B | 0.09% | |
UCON | 0.07% | $2.97B | 0.86% | |
BAB | 0.07% | $926.22M | 0.28% | |
IBND | 0.11% | $372.21M | 0.5% | |
HTRB | 0.13% | $2.00B | 0.29% | |
JMUB | 0.21% | $2.95B | 0.18% | |
SCHZ | 0.24% | $8.51B | 0.03% | |
BND | 0.26% | $129.58B | 0.03% | |
EDV | 0.28% | $3.38B | 0.05% | |
SPAB | -0.34% | $8.70B | 0.03% | |
JSI | 0.41% | $834.92M | 0.49% | |
SHYD | -0.45% | $328.25M | 0.35% | |
ZROZ | -0.50% | $1.49B | 0.15% | |
USTB | 0.56% | $1.26B | 0.35% | |
ITM | -0.58% | $1.86B | 0.18% | |
IBMP | 0.59% | $546.86M | 0.18% | |
GSY | 0.60% | $2.78B | 0.22% | |
GCOR | 0.69% | $568.09M | 0.08% | |
AGGH | -0.69% | $317.83M | 0.29% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
ITT | 80.76% | $11.86B | +15.05% | 0.88% |
CW | 80.15% | $17.44B | +66.12% | 0.19% |
GE | 79.09% | $251.55B | +42.99% | 0.50% |
PH | 78.88% | $83.35B | +28.70% | 1.02% |
TXT | 76.94% | $13.83B | -10.88% | 0.10% |
WAB | 76.58% | $34.36B | +23.16% | 0.45% |
HWM | 75.96% | $68.72B | +112.26% | 0.21% |
MOG.A | 75.30% | $5.49B | +5.37% | 0.65% |
DOV | 74.66% | $24.09B | -3.88% | 1.16% |
TDG | 74.56% | $79.45B | +11.49% | 0.00% |
JCI | 73.41% | $68.09B | +49.75% | 1.42% |
BN | 73.29% | $98.03B | +43.85% | 0.57% |
J | 73.15% | $15.28B | +9.28% | 0.95% |
FLS | 73.12% | $6.07B | -2.99% | 1.80% |
HXL | 73.00% | $4.37B | -14.07% | 1.17% |
AXP | 72.92% | $207.67B | +29.27% | 0.98% |
GD | 72.86% | $74.76B | -6.53% | 2.06% |
BNT | 72.54% | $11.97B | +44.10% | 0.00% |
PRI | 72.36% | $8.55B | +10.51% | 1.48% |
MET | 72.33% | $52.73B | +12.44% | 2.79% |
SeekingAlpha
The index was unchanged at -4.0, marking the third straight negative reading. The latest reading was worse than the forecast of -1.7.
Yahoo
Rising U.S.-Iran-Israel tensions could trigger a 20% S&P 500 drop-ETFs in staples, defense and volatility gain focus.
SeekingAlpha
Business Conditions Monthly April 2025
SeekingAlpha
We examine the industrial sectorâs changing landscape, highlighting key implications for investors and operators as the environment becomes more complex and selective.
SeekingAlpha
The S&P 500 Index had been up nearly 1 percent after the first four days of trading this week.
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Who Will Benefit From Deregulation?
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
ITA | 97.29% | $7.86B | 0.4% | |
XAR | 95.48% | $3.77B | 0.35% | |
XLI | 90.79% | $20.65B | 0.09% | |
VIS | 89.89% | $5.64B | 0.09% | |
FIDU | 89.81% | $1.36B | 0.084% | |
IYJ | 88.21% | $1.58B | 0.39% | |
RSPN | 87.52% | $647.47M | 0.4% | |
CGDV | 85.66% | $17.87B | 0.33% | |
RUNN | 85.51% | $356.27M | 0.58% | |
VO | 84.98% | $85.25B | 0.04% | |
FEX | 84.46% | $1.27B | 0.6% | |
VOT | 84.46% | $17.50B | 0.07% | |
JMOM | 84.36% | $1.48B | 0.12% | |
CFA | 84.16% | $517.15M | 0.35% | |
XMMO | 83.97% | $3.80B | 0.34% | |
FMDE | 83.97% | $2.72B | 0.23% | |
IMCG | 83.96% | $2.70B | 0.06% | |
GSEW | 83.77% | $1.25B | 0.09% | |
IWR | 83.58% | $41.05B | 0.19% | |
PAVE | 83.52% | $8.30B | 0.47% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
CBOE | -9.40% | $23.83B | +34.36% | 1.10% |
BCE | -6.41% | $20.10B | -32.92% | 11.20% |
LITB | -6.08% | $22.07M | -76.50% | 0.00% |
DG | -5.67% | $24.72B | -11.28% | 2.10% |
MKTX | -5.59% | $8.28B | +12.88% | 1.36% |
ASPS | -4.66% | $111.52M | -23.08% | 0.00% |
K | -4.56% | $27.39B | +34.25% | 2.89% |
AWK | -3.27% | $27.52B | +8.15% | 2.21% |
TU | -2.94% | $24.43B | +2.89% | 7.17% |
VRCA | -2.49% | $53.53M | -92.77% | 0.00% |
ED | -1.94% | $36.29B | +11.44% | 3.33% |
UUU | -1.73% | $7.08M | +91.25% | 0.00% |
VSA | -1.64% | $8.84M | -14.05% | 0.00% |
FMTO | -1.64% | $4.80K | -99.92% | 0.00% |
CARM | -1.58% | $20.99M | -51.23% | 0.00% |
CARV | -0.68% | $8.64M | +4.32% | 0.00% |
ZCMD | -0.59% | $30.81M | +6.09% | 0.00% |
DFDV | -0.31% | $460.68M | +2,996.21% | 0.00% |
BGS | -0.29% | $342.33M | -48.81% | 17.59% |
VHC | 0.10% | $33.48M | +63.90% | 0.00% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
VHC | 0.10% | $33.48M | +63.90% | 0.00% |
HIHO | 0.19% | $7.62M | -16.02% | 4.05% |
BGS | -0.29% | $342.33M | -48.81% | 17.59% |
DFDV | -0.31% | $460.68M | +2,996.21% | 0.00% |
RLX | 0.45% | $1.97B | +20.56% | 0.47% |
FUBO | 0.50% | $1.08B | +167.80% | 0.00% |
ZCMD | -0.59% | $30.81M | +6.09% | 0.00% |
CARV | -0.68% | $8.64M | +4.32% | 0.00% |
IRWD | 0.82% | $113.08M | -87.74% | 0.00% |
STG | 0.89% | $28.54M | -22.35% | 0.00% |
AMT | 1.04% | $100.87B | +11.78% | 3.09% |
AIFU | 1.05% | $4.18B | +24.38% | 0.00% |
CAG | 1.18% | $10.26B | -25.01% | 6.51% |
CARM | -1.58% | $20.99M | -51.23% | 0.00% |
MSIF | 1.62% | $824.63M | +45.84% | 6.11% |
FMTO | -1.64% | $4.80K | -99.92% | 0.00% |
VSA | -1.64% | $8.84M | -14.05% | 0.00% |
NXTC | 1.72% | $12.70M | -65.71% | 0.00% |
UUU | -1.73% | $7.08M | +91.25% | 0.00% |
MO | 1.81% | $100.21B | +32.79% | 6.87% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TAIL | -74.77% | $101.78M | 0.59% | |
VIXY | -62.84% | $185.08M | 0.85% | |
BTAL | -48.78% | $291.48M | 1.43% | |
IVOL | -34.37% | $349.05M | 1.02% | |
SPTS | -32.28% | $5.74B | 0.03% | |
XONE | -31.33% | $640.90M | 0.03% | |
UTWO | -27.84% | $372.79M | 0.15% | |
FTSD | -27.30% | $228.56M | 0.25% | |
VGSH | -26.62% | $22.55B | 0.03% | |
SCHO | -26.58% | $10.92B | 0.03% | |
FXY | -26.01% | $853.67M | 0.4% | |
IBTG | -25.47% | $1.96B | 0.07% | |
IBTI | -23.99% | $1.04B | 0.07% | |
IBTH | -22.24% | $1.58B | 0.07% | |
IBTJ | -20.95% | $676.32M | 0.07% | |
BILS | -20.58% | $3.91B | 0.1356% | |
IEI | -20.05% | $15.31B | 0.15% | |
XHLF | -20.02% | $1.72B | 0.03% | |
IBTK | -18.27% | $433.18M | 0.07% | |
STOT | -17.60% | $248.21M | 0.45% |
PPA - Invesco Aerospace & Defense ETF and SHLD - Global X Defense Tech ETF have a 17 holding overlap. Which accounts for a 31.8% overlap.
Number of overlapping holdings
17
% of overlapping holdings
31.83%
Name | Weight in PPA | Weight in SHLD |
---|---|---|
7.05% | 7.54% | |
4.83% | 4.41% | |
4.26% | 7.38% | |
4.17% | 4.52% | |
![]() ELBIT SYSTEMS L | 2.46% | 2.90% |
2.06% | 7.86% | |
1.48% | 3.89% | |
1.29% | 3.30% | |
1.10% | 2.33% | |
0.81% | 1.65% |
Invesco Aerospace & Defense ETF - PPA is made up of 58 holdings. Global X Defense Tech ETF - SHLD is made up of 42 holdings.
Name | Weight |
---|---|
7.65% | |
7.35% | |
![]() | 7.29% |
7.05% | |
4.83% | |
4.54% | |
4.26% | |
4.17% | |
4.14% | |
4.08% | |
3.66% | |
3.48% | |
2.47% | |
2.46% | |
2.42% | |
2.06% | |
![]() | 1.91% |
1.52% | |
1.48% | |
1.36% | |
1.29% | |
1.29% | |
1.21% | |
1.18% | |
1.15% | |
1.14% | |
1.10% | |
1.08% | |
![]() | 1.07% |
0.86% |
Name | Weight |
---|---|
B BAESFNT BAE Systems PLC | 8.22% |
7.86% | |
R RNMBFNT Rheinmetall AG | 7.62% |
7.54% | |
7.38% | |
- | 4.81% |
S SAABFNT Saab AB Class B | 4.61% |
4.52% | |
4.41% | |
T THLEFNT Thales | 4.24% |
F FINMFNT Leonardo SpA Az nom Post raggruppamento | 4.22% |
- | 3.95% |
3.89% | |
3.30% | |
2.90% | |
2.33% | |
2.19% | |
1.84% | |
B BCKIFNT Babcock International Group PLC | 1.74% |
1.65% | |
H HNSDFNT Hensoldt AG Ordinary Shares | 1.63% |
D DUAVFNT Dassault Aviation SA | 1.61% |
- | 1.40% |
- | 1.35% |
- | 1.28% |
- | 1.28% |
![]() | 1.24% |
- | 1.12% |
1.12% | |
- | 0.91% |