Correlation: 73.7%
PPA was created on 2005-10-26 by Invesco. The fund's investment portfolio concentrates primarily on industrials equity. The ETF currently has 6026.48m in AUM and 58 holdings. 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 3252.74m 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.
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Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
PPA | 73.68% | $6.08B | 0.57% | |
IMOM | 70.67% | $106.11M | 0.39% | |
PIZ | 69.88% | $401.85M | 0.8% | |
ITA | 69.73% | $9.07B | 0.4% | |
XAR | 69.42% | $3.95B | 0.35% | |
IDMO | 65.66% | $1.27B | 0.25% | |
IMTM | 63.04% | $3.07B | 0.3% | |
DVOL | 61.12% | $70.47M | 0.6% | |
FDT | 60.98% | $554.85M | 0.8% | |
CGDG | 60.84% | $2.83B | 0.47% | |
PPI | 60.49% | $59.17M | 0.6% | |
AVDE | 60.19% | $7.99B | 0.23% | |
DFSI | 60.09% | $769.84M | 0.24% | |
SCHC | 60.02% | $4.66B | 0.08% | |
DFIC | 59.46% | $9.82B | 0.23% | |
GLOV | 59.34% | $1.35B | 0.25% | |
XLI | 59.16% | $23.47B | 0.09% | |
CIBR | 59.15% | $10.11B | 0.59% | |
RODM | 59.11% | $1.17B | 0.29% | |
IDEV | 59.11% | $20.37B | 0.04% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
VRCA | -12.56% | $55.41M | -90.91% | 0.00% |
NEOG | -12.23% | $1.02B | -72.43% | 0.00% |
RLX | -10.28% | $2.07B | +26.82% | 0.45% |
EXOD | -9.89% | $839.60M | +99.59% | 0.00% |
AIFU | -9.19% | $21.80M | +135.31% | 0.00% |
CARM | -9.15% | $14.04M | -68.60% | 0.00% |
SHLS | -8.57% | $901.07M | -17.08% | 0.00% |
BGS | -7.19% | $331.16M | -51.86% | 18.51% |
CARV | -7.07% | $10.71M | +7.11% | 0.00% |
PLRX | -5.99% | $93.31M | -89.38% | 0.00% |
HAIN | -5.45% | $144.41M | -79.33% | 0.00% |
CELC | -4.97% | $1.57B | +119.86% | 0.00% |
CAG | -4.76% | $8.85B | -38.89% | 9.54% |
LITB | -4.75% | $22.98M | -66.66% | 0.00% |
DQ | -4.33% | $1.51B | +29.09% | 0.00% |
ASPS | -4.17% | $104.37M | -10.71% | 0.00% |
CMBM | -3.87% | $25.96M | -56.85% | 0.00% |
AQB | -3.75% | $2.76M | -56.46% | 0.00% |
CPSH | -3.74% | $37.91M | +56.29% | 0.00% |
SBDS | -3.64% | $22.44M | -84.14% | 0.00% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TAIL | -48.56% | $88.17M | 0.59% | |
VIXY | -39.25% | $280.49M | 0.85% | |
VIXM | -33.12% | $25.97M | 0.85% | |
USDU | -22.48% | $138.04M | 0.5% | |
BTAL | -20.17% | $311.96M | 1.43% | |
UUP | -18.99% | $203.41M | 0.77% | |
XONE | -16.32% | $632.14M | 0.03% | |
XBIL | -15.31% | $807.47M | 0.15% | |
FTSD | -14.21% | $233.62M | 0.25% | |
CLIP | -14.21% | $1.51B | 0.07% | |
IBTG | -14.08% | $1.96B | 0.07% | |
TBLL | -12.95% | $2.13B | 0.08% | |
SPTS | -12.14% | $5.82B | 0.03% | |
BILS | -11.25% | $3.82B | 0.1356% | |
SHYM | -11.10% | $363.48M | 0.35% | |
STOT | -10.90% | $273.57M | 0.45% | |
IVOL | -10.54% | $337.06M | 1.02% | |
VGSH | -10.45% | $22.75B | 0.03% | |
UTWO | -10.42% | $373.54M | 0.15% | |
BSMW | -10.12% | $111.32M | 0.18% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
DFNM | -0.06% | $1.60B | 0.17% | |
LMBS | 0.09% | $5.17B | 0.64% | |
LGOV | -0.11% | $622.37M | 0.67% | |
FIXD | -0.14% | $3.33B | 0.65% | |
CTA | -0.18% | $1.14B | 0.76% | |
SHYD | -0.21% | $331.14M | 0.35% | |
HTAB | -0.22% | $387.96M | 0.39% | |
UBND | -0.23% | $1.03B | 0.4% | |
NUBD | -0.27% | $401.10M | 0.16% | |
VTEB | -0.34% | $37.72B | 0.03% | |
TAXF | -0.34% | $472.11M | 0.29% | |
IAGG | -0.39% | $10.61B | 0.07% | |
SGOV | 0.42% | $52.19B | 0.09% | |
GNMA | -0.47% | $369.46M | 0.1% | |
GVI | -0.48% | $3.49B | 0.2% | |
SCUS | 0.53% | $80.58M | 0.14% | |
CGSD | 0.54% | $1.43B | 0.25% | |
TOTL | -0.63% | $3.81B | 0.55% | |
IBD | 0.70% | $391.14M | 0.43% | |
BSV | -0.70% | $38.10B | 0.03% |
Invesco Aerospace & Defense ETF - PPA is made up of 57 holdings. Global X Defense Tech ETF - SHLD is made up of 43 holdings.
Name | Weight |
---|---|
8.21% | |
8.15% | |
![]() | 7.73% |
6.30% | |
5.28% | |
4.70% | |
4.16% | |
4.04% | |
4.04% | |
3.87% | |
3.45% | |
3.43% | |
2.53% | |
2.40% | |
2.33% | |
2.04% | |
![]() | 1.75% |
1.43% | |
1.42% | |
1.36% | |
1.31% | |
1.21% | |
![]() | 1.20% |
1.18% | |
1.15% | |
1.10% | |
1.08% | |
1.02% | |
![]() | 1.01% |
1.01% |
Name | Weight |
---|---|
8.70% | |
![]() | 8.15% |
R RNMBFNT Rheinmetall AG | 7.73% |
B BAESFNT BAE Systems PLC | 7.16% |
6.75% | |
4.93% | |
4.84% | |
4.70% | |
- | 4.44% |
F FINMFNT Leonardo SpA Az nom Post raggruppamento | 4.29% |
4.29% | |
S SAABFNT Saab AB Class B | 4.12% |
T THLEFNT Thales | 4.11% |
- | 3.95% |
2.86% | |
2.46% | |
2.12% | |
1.79% | |
1.67% | |
1.56% | |
- | 1.40% |
H HNSDFNT Hensoldt AG Ordinary Shares | 1.37% |
B BCKIFNT Babcock International Group PLC | 1.35% |
- | 1.35% |
D DUAVFNT Dassault Aviation SA | 1.18% |
- | 1.14% |
![]() | 1.13% |
- | 1.12% |
- | 1.06% |
1.03% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
CW | 79.47% | $18.71B | +68.41% | 0.18% |
GE | 78.15% | $290.08B | +60.72% | 0.47% |
HWM | 77.38% | $77.56B | +100.77% | 0.19% |
PH | 76.30% | $93.54B | +30.45% | 0.92% |
WWD | 75.90% | $15.83B | +70.59% | 0.40% |
ITT | 75.75% | $12.56B | +12.83% | 0.85% |
DOV | 73.13% | $24.99B | -1.11% | 1.13% |
HXL | 72.70% | $4.85B | -7.87% | 1.06% |
GS | 72.41% | $224.22B | +43.56% | 1.64% |
MOG.A | 72.29% | $6.29B | +1.32% | 0.58% |
WAB | 72.20% | $32.59B | +18.30% | 0.47% |
JCI | 71.88% | $68.45B | +45.40% | 1.42% |
RTX | 71.35% | $212.02B | +34.82% | 1.63% |
AXP | 71.34% | $211.14B | +19.91% | 1.01% |
TXT | 71.32% | $13.91B | -15.98% | 0.10% |
ARES | 71.00% | $41.01B | +22.54% | 2.18% |
MS | 70.97% | $231.61B | +40.43% | 2.58% |
BN | 70.91% | $111.25B | +38.40% | 0.51% |
BNT | 70.48% | $13.56B | +37.83% | 0.00% |
KKR | 70.38% | $133.98B | +21.85% | 0.47% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
GD | 61.76% | $83.97B | +4.51% | 1.87% |
CW | 58.44% | $18.71B | +68.41% | 0.18% |
RTX | 56.46% | $212.02B | +34.82% | 1.63% |
DRS | 54.81% | $11.50B | +53.33% | 0.42% |
LHX | 53.56% | $51.29B | +20.82% | 1.72% |
L | 52.72% | $18.93B | +12.93% | 0.28% |
PRI | 52.42% | $8.60B | +4.01% | 1.48% |
GE | 52.42% | $290.08B | +60.72% | 0.47% |
PLTR | 52.28% | $374.31B | +489.85% | 0.00% |
HWM | 50.66% | $77.56B | +100.77% | 0.19% |
LIN | 50.59% | $219.47B | +2.81% | 1.26% |
NMAI | 50.26% | - | - | 11.94% |
HIG | 50.02% | $35.04B | +12.36% | 1.63% |
MOG.A | 49.93% | $6.29B | +1.32% | 0.58% |
CRS | 49.68% | $14.12B | +94.44% | 0.28% |
GVA | 49.64% | $4.16B | +38.90% | 0.55% |
BSX | 49.63% | $157.95B | +44.50% | 0.00% |
ADP | 49.47% | $126.22B | +18.40% | 1.95% |
GS | 49.19% | $224.22B | +43.56% | 1.64% |
TDY | 49.12% | $25.82B | +30.51% | 0.00% |
PPA - Invesco Aerospace & Defense ETF and SHLD - Global X Defense Tech ETF have a 18 holding overlap. Which accounts for a 40.1% overlap.
Number of overlapping holdings
18
% of overlapping holdings
40.11%
Name | Weight in PPA | Weight in SHLD |
---|---|---|
7.73% | 8.15% | |
6.30% | 6.75% | |
5.28% | 4.93% | |
4.70% | 4.84% | |
4.04% | 4.70% | |
2.33% | 2.46% | |
2.04% | 8.70% | |
1.42% | 4.29% | |
1.36% | 1.56% | |
1.21% | 2.86% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TAIL | -75.50% | $88.17M | 0.59% | |
VIXY | -63.82% | $280.49M | 0.85% | |
VIXM | -56.67% | $25.97M | 0.85% | |
BTAL | -46.59% | $311.96M | 1.43% | |
IVOL | -32.50% | $337.06M | 1.02% | |
SPTS | -30.09% | $5.82B | 0.03% | |
XONE | -29.00% | $632.14M | 0.03% | |
VGSH | -26.36% | $22.75B | 0.03% | |
UTWO | -26.33% | $373.54M | 0.15% | |
SCHO | -25.59% | $10.95B | 0.03% | |
FXY | -25.03% | $599.36M | 0.4% | |
IBTI | -24.71% | $1.07B | 0.07% | |
IBTG | -24.70% | $1.96B | 0.07% | |
FTSD | -24.46% | $233.62M | 0.25% | |
IBTH | -23.04% | $1.67B | 0.07% | |
IBTJ | -21.34% | $698.84M | 0.07% | |
IEI | -20.53% | $15.74B | 0.15% | |
IBTK | -18.97% | $458.96M | 0.07% | |
TBLL | -18.86% | $2.13B | 0.08% | |
VGIT | -18.24% | $32.04B | 0.04% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
SHYD | 0.05% | $331.14M | 0.35% | |
TAXF | -0.08% | $472.11M | 0.29% | |
EAGG | 0.17% | $4.00B | 0.1% | |
MTBA | -0.18% | $1.39B | 0.17% | |
JSI | -0.22% | $967.18M | 0.49% | |
TIPX | 0.22% | $1.74B | 0.15% | |
DFNM | 0.34% | $1.60B | 0.17% | |
DFIP | -0.35% | $937.81M | 0.11% | |
FISR | 0.37% | $406.27M | 0.5% | |
BSMR | -0.38% | $264.89M | 0.18% | |
HYMB | -0.40% | $2.63B | 0.35% | |
MMIT | -0.41% | $1.05B | 0.3% | |
SCMB | 0.46% | $2.09B | 0.03% | |
SHAG | 0.56% | $42.87M | 0.12% | |
GCOR | -0.56% | $596.26M | 0.08% | |
IAGG | -0.70% | $10.61B | 0.07% | |
TDTF | 0.74% | $853.34M | 0.18% | |
IBND | -0.75% | $416.38M | 0.5% | |
SCHP | 0.78% | $13.31B | 0.03% | |
GTIP | 0.84% | $171.28M | 0.12% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
MNRO | -0.01% | $391.73M | -57.59% | 8.48% |
CYCN | -0.03% | $8.47M | -26.26% | 0.00% |
OXBR | -0.07% | $13.84M | -33.81% | 0.00% |
LESL | -0.09% | $75.86M | -86.14% | 0.00% |
FATE | 0.10% | $130.68M | -78.61% | 0.00% |
VSA | 0.11% | $10.63M | +30.19% | 0.00% |
SRRK | -0.12% | $3.59B | +316.63% | 0.00% |
CELH | -0.13% | $12.00B | -0.62% | 0.00% |
DLTR | -0.15% | $23.82B | +9.40% | 0.00% |
AGL | 0.18% | $790.65M | -72.28% | 0.00% |
CVM | -0.25% | $58.53M | -74.69% | 0.00% |
NEXA | 0.27% | $627.76M | -34.53% | 0.00% |
CAPR | 0.30% | $373.89M | +101.48% | 0.00% |
QUBT | 0.32% | $2.33B | +2,059.82% | 0.00% |
HOFT | -0.36% | $104.83M | -35.82% | 9.40% |
UUU | -0.58% | $8.10M | +138.10% | 0.00% |
NXTC | -0.59% | $13.41M | -74.23% | 0.00% |
HLF | 0.65% | $933.94M | -25.33% | 0.00% |
CTMX | -0.72% | $365.50M | +68.12% | 0.00% |
NXT | -0.73% | $8.70B | +19.82% | 0.00% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
ITA | 97.26% | $9.07B | 0.4% | |
XAR | 95.21% | $3.95B | 0.35% | |
XLI | 89.87% | $23.47B | 0.09% | |
VIS | 88.89% | $6.17B | 0.09% | |
FIDU | 88.66% | $1.50B | 0.084% | |
IYJ | 86.59% | $1.73B | 0.39% | |
RSPN | 85.07% | $693.07M | 0.4% | |
CGDV | 84.11% | $20.21B | 0.33% | |
JMOM | 84.04% | $1.59B | 0.12% | |
VOT | 83.64% | $17.87B | 0.07% | |
RUNN | 83.56% | $381.82M | 0.58% | |
VO | 83.44% | $86.87B | 0.04% | |
MTUM | 83.33% | $17.70B | 0.15% | |
FEX | 82.94% | $1.34B | 0.6% | |
XMMO | 82.93% | $4.20B | 0.34% | |
FTC | 82.69% | $1.23B | 0.6% | |
IMCG | 82.64% | $2.90B | 0.06% | |
FNY | 82.43% | $401.55M | 0.7% | |
CFA | 82.16% | $533.47M | 0.35% | |
PDP | 82.15% | $1.32B | 0.62% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
MKTX | -7.66% | $7.88B | -6.01% | 1.45% |
BCE | -7.15% | $21.69B | -30.24% | 10.46% |
LITB | -6.95% | $22.98M | -66.66% | 0.00% |
VRCA | -6.12% | $55.41M | -90.91% | 0.00% |
DG | -6.07% | $23.23B | -12.33% | 2.24% |
AWK | -4.57% | $27.23B | -1.90% | 2.25% |
UPXI | -3.84% | $262.78M | -29.57% | 0.00% |
BGS | -3.68% | $331.16M | -51.86% | 18.51% |
TU | -3.51% | $24.69B | +0.31% | 7.13% |
CBOE | -3.43% | $25.31B | +31.70% | 1.05% |
CARV | -3.04% | $10.71M | +7.11% | 0.00% |
ASPS | -2.84% | $104.37M | -10.71% | 0.00% |
EMA | -2.57% | $14.00B | +30.16% | 4.37% |
ZCMD | -2.53% | $26.01M | -8.84% | 0.00% |
NEOG | -2.51% | $1.02B | -72.43% | 0.00% |
RLX | -2.44% | $2.07B | +26.82% | 0.45% |
CARM | -2.15% | $14.04M | -68.60% | 0.00% |
SBDS | -1.85% | $22.44M | -84.14% | 0.00% |
VSA | -1.49% | $10.63M | +30.19% | 0.00% |
TRON | -0.59% | $156.94M | +746.15% | 0.00% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
FUBO | 0.05% | $1.42B | +184.93% | 0.00% |
NEUE | -0.17% | $61.01M | +4.65% | 0.00% |
IRWD | 0.34% | $134.81M | -87.80% | 0.00% |
UUU | 0.35% | $8.10M | +138.10% | 0.00% |
EXOD | -0.55% | $839.60M | +99.59% | 0.00% |
DFDV | -0.58% | $218.16M | +1,755.57% | 0.00% |
TRON | -0.59% | $156.94M | +746.15% | 0.00% |
AMT | 0.74% | $97.72B | -5.29% | 3.21% |
TEF | 0.76% | $29.23B | +14.10% | 6.44% |
ED | 1.04% | $36.96B | +5.20% | 3.30% |
AIFU | 1.05% | $21.80M | +135.31% | 0.00% |
VSA | -1.49% | $10.63M | +30.19% | 0.00% |
MSIF | 1.71% | $726.09M | +28.49% | 8.05% |
SBDS | -1.85% | $22.44M | -84.14% | 0.00% |
CARM | -2.15% | $14.04M | -68.60% | 0.00% |
RLX | -2.44% | $2.07B | +26.82% | 0.45% |
NEOG | -2.51% | $1.02B | -72.43% | 0.00% |
ZCMD | -2.53% | $26.01M | -8.84% | 0.00% |
EMA | -2.57% | $14.00B | +30.16% | 4.37% |
NXTC | 2.59% | $13.41M | -74.23% | 0.00% |