Invesco Aerospace & Defense ETF (PPA) belongs to the Industrials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PPA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PPA
PPA charges 0.61% annually. There are 29 ETFs in the Industrials Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Industrials Index ETF | 0.08% | 2.07B | Oct 2013 | PPA vs FIDU | |
| Vanguard Industrials ETF | 0.10% | 8.30B | Sep 2004 | PPA vs VIS | |
| Industrial Select Sector SPDR Fund | 0.13% | 30.47B | Dec 1998 | PPA vs XLI | |
| Themes US Infrastructure ETF | 0.29% | 3.38M | Sep 2024 | PPA vs HWAY | |
| Invesco S&P SmallCap Industrials ETF | 0.29% | 176.09M | Apr 2010 | PPA vs PSCI |
Best Risk-Adjusted Alternatives to PPA
PPA has a PortfoliosLab risk / return rank of 37. There are 23 ETFs in the Industrials Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 93 | 254.55M | Oct 2018 | PPA vs ROKT | |
| KraneShares Electric Vehicles and Future Mobility ... | 82 | 105.57M | Jan 2018 | PPA vs KARS | |
| iShares U.S. Manufacturing ETF | 75 | 56.46M | Jul 2024 | PPA vs MADE | |
| Invesco DWA Industrials Momentum ETF | 70 | 449.53M | Oct 2006 | PPA vs PRN | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | 68 | 35.28M | Oct 2008 | PPA vs RBLD |
Top Performing PPA Alternatives (YTD)
PPA is at 8.54% YTD. There are 23 ETFs in the Industrials Equities category with higher YTD returns, going as high as 46.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 46.55% | 254.55M | Oct 2018 | PPA vs ROKT | |
| Invesco DWA Industrials Momentum ETF | 41.80% | 449.53M | Oct 2006 | PPA vs PRN | |
| AdvisorShares HVAC and Industrials ETF | 36.48% | 11.90M | Feb 2025 | PPA vs HVAC | |
| iShares U.S. Manufacturing ETF | 22.94% | 56.46M | Jul 2024 | PPA vs MADE | |
| Themes US Infrastructure ETF | 22.83% | 3.38M | Sep 2024 | PPA vs HWAY |
Lowest Volatility Alternatives to PPA
PPA has 19.03% 1-year volatility. There are 20 ETFs in the Industrials Equities category with lower 1-year volatility, going as low as 10.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares DJ Brookfield Global Infrastructure ETF | 10.29% | 174.29M | Mar 2014 | PPA vs TOLZ | |
| iShares Global Infrastructure ETF | 10.49% | 10.60B | Dec 2007 | PPA vs IGF | |
| Russell Investments Global Infrastructure ETF | 10.51% | — | May 2025 | PPA vs RIFR | |
| State Street Industrial Select Sector SPDR Premium... | 11.55% | 6.83M | Jul 2025 | PPA vs XLII | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | 13.45% | 35.28M | Oct 2008 | PPA vs RBLD |
Lowest Drawdown Alternatives to PPA
PPA has a 1-year max drawdown of -13.71%. There are 22 ETFs in the Industrials Equities category with shallower 1-year drawdowns, going as shallow as -5.18%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares DJ Brookfield Global Infrastructure ETF | -5.18% | 174.29M | Mar 2014 | PPA vs TOLZ | |
| iShares Global Infrastructure ETF | -5.87% | 10.60B | Dec 2007 | PPA vs IGF | |
| Russell Investments Global Infrastructure ETF | -6.80% | — | May 2025 | PPA vs RIFR | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | -7.19% | 35.28M | Oct 2008 | PPA vs RBLD | |
| iShares U.S. Infrastructure ETF | -8.40% | 4.14B | Apr 2018 | PPA vs IFRA |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | PPA vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | PPA vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | PPA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | PPA vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | PPA vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | PPA vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 54 | 15.48% | 18.88B | Dec 2005 | PPA vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 21 | 4.38% | 3.23B | Oct 2012 | PPA vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | PPA vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Global Equities | 40 | 7.74% | 3.81B | Feb 2012 | PPA vs IDMO |
Often Compared With PPA
Investors most often compare PPA with ITA, XAR, SHLD. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare PPA with Any Fund or Stock
Compare PPA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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Pair PPA with funds that move differently
Invesco Aerospace & Defense ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PPA.
Explore PPA Diversifiers