Know what you really own

Unwrap both →

Fund comparison · from official SEC filings

NATO vs PPA: how much do they overlap?

Themes Transatlantic Defense ETF and Invesco Aerospace & Defense ETF

Fund A

vs

Fund B

Holdings overlap

59%

of assets, by weight

Shared positions

34

of 81 / 63 holdings

NATO expense ratio

0.35%

net, per year

PPA expense ratio

0.58%

net, per year

NATO and PPA are largely redundant — holding both means most of your money tracks the same underlying companies.

Shared holdings

Company

NATO

PPA

R

RTXRTX CORP

8.76%

6.68%

B

BABOEING CO/THE

7.02%

8.53%

G

GEGENERAL ELECTRIC

7.40%

7.35%

L

LMTLOCKHEED MARTIN CORP

5.77%

5.98%

H

HONHONEYWELL INTERNATIONAL INC

5.39%

4.11%

N

NOCNORTHROP GRUMMAN CORP

4.72%

4.17%

H

HWMHOWMET AEROSPACE INC

4.45%

3.91%

G

GDGENERAL DYNAMICS CORP

3.68%

4.23%

L

LHXL3HARRIS TECHNOLOGIES INC

3.13%

3.52%

T

TDGTRANSDIGM GROUP INC

3.10%

2.45%

R

RKLBROCKET LAB CORP

1.52%

2.59%

C

CWCURTISS-WRIGHT CORP

1.24%

1.62%

A

AXONAXON ENTERPRISE INC

1.51%

1.57%

T

TDYTELEDYNE TECHNOLOGIES INC

1.36%

0.80%

H

HIIHUNTINGTON INGALLS INDUSTRIE

0.70%

1.18%

H

HEIHEICO CORP

0.54%

1.15%

T

TXTTEXTRON INC

0.76%

1.15%

B

BWXTBWX TECHNOLOGIES INC

0.91%

1.14%

K

KTOSKRATOS DEFENSE & SECURITY

0.57%

0.94%

A

AVAVAEROVIRONMENT INC

0.26%

0.82%

D

DRSLEONARDO DRS INC

0.11%

0.81%

H

HXLHEXCEL CORP

0.30%

0.60%

M

MOG.AMOOG INC-CLASS A

0.39%

0.58%

K

KRMNKARMAN HOLDINGS INC

0.30%

0.52%

M

MRCYMERCURY SYSTEMS INC

0.18%

0.41%

Only in NATO

R

RYCEFROLLS-ROYCE HOLDINGS PLC

5.87%

S

SAFRFSAFRAN SA

5.24%

E

EADSFAIRBUS SE

5.08%

B

BAESFBAE SYSTEMS PLC

4.26%

R

RNMBFRHEINMETALL AG

3.71%

F

FINMFLEONARDO SPA

1.28%

T

THLEFTHALES SA

1.22%

F

FTAIFTAI AVIATION LTD

1.21%

S

SAABFSAAB AB-B

0.95%

M

MTUAFMTU AERO ENGINES AG

0.93%

B

BDRBFBOMBARDIER INC-B

0.74%

F

FXFXXFIRST AM TREAS OBLI-X

0.45%

A

ASELSASELSAN ELEKTRONIK SANAYI

0.41%

M

MLSPFMELROSE INDUSTRIES PLC

0.41%

C

CRCRANE CO

0.40%

D

DUAVFDASSAULT AVIATION SA

0.31%

H

HNSDFHENSOLDT AG

0.26%

R

RNKGFRENK GROUP AG

0.23%

M

MIRMIRION TECHNOLOGIES INC

0.21%

J

JOBYJOBY AVIATION INC

0.21%

Q

QNTQFQINETIQ GROUP PLC

0.14%

A

ACHRARCHER AVIATION INC-A

0.13%

S

SATLSATELLOGIC INC-A

0.12%

L

LUNRINTUITIVE MACHINES INC

0.10%

A

ATROASTRONICS CORP

0.09%

Only in PPA

?

—Invesco Private Prime Fund

4.60%

P

PHPARKER HANNIFIN CORP

3.50%

E

ESLTELBIT SYSTEMS LTD

3.35%

E

ETNEATON CORP PLC

2.20%

A

APHAMPHENOL CORP-CL A

2.19%

?

—Invesco Private Government Fund

1.77%

A

ATIATI INC

1.27%

C

CRSCARPENTER TECHNOLOGY

1.27%

W

WWDWOODWARD INC

1.20%

P

PLTRPALANTIR TECHNOLOGIES INC-A

1.15%

P

PLPLANET LABS PBC

0.98%

K

KEYSKEYSIGHT TECHNOLOGIES IN

0.95%

L

LDOSLEIDOS HOLDINGS INC

0.94%

C

CACICACI INTERNATIONAL INC -CL A

0.83%

C

CAECAE INC

0.70%

S

SAROSTANDARDAERO INC

0.68%

V

VSATVIASAT INC

0.65%

T

TTMITTM TECHNOLOGIES

0.62%

B

BAHBOOZ ALLEN HAMILTON HOLDINGS

0.61%

K

KBRKBR INC

0.29%

O

OSKOSHKOSH CORP

0.28%

S

SAICSCIENCE APPLICATIONS INTE

0.27%

L

LASRNLIGHT INC

0.22%

P

PSNPARSONS CORP

0.20%

V

VVXV2X INC

0.16%

Hold NATO and PPA together? See your combined true holdings, overlap, and blended fees — free, no signup.

Unwrap your portfolio →

Other comparisons you might like

NATO vs ITAiShares U.S. Aerospace & Defense ETF

NATO vs DFENDirexion Daily Aerospace & Defense Bull 3X Shares

NATO vs XARState Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF

PPA vs VISVANGUARD INDUSTRIALS INDEX FUND

PPA vs FIDUFidelity MSCI Industrials Index ETF

NATO vs VISVANGUARD INDUSTRIALS INDEX FUND

Data source: official SEC Form N-PORT filings from each fund. Fund holdings are disclosed quarterly and may reflect a 60-day reporting delay.
Informational and educational only — not investment advice.