FTEC vs PPA ETF holdings comparison
Fidelity MSCI Information Technology Index ETF (FTEC) · Invesco Aerospace & Defense ETF (PPA)
FTEC and PPA overlap by 3.1% by portfolio weight. The remaining 96.9 percentage points are not counted as shared holdings weight by this calculation. They share 8 stocks; the largest shared position is Palantir Technologies Inc (PLTR), contributing 1.23% to the overlap.
What this means
FTEC and PPA share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in FTEC | in PPA |
|---|---|---|---|
| Palantir Technologies Inc | PLTR | 1.40% | 1.23% |
| Amphenol Corp | APH | 0.86% | 2.34% |
| Keysight Technologies Inc | KEYS | 0.37% | 1.02% |
| Teledyne Technologies Inc | TDY | 0.20% | 0.86% |
| TTM Technologies Inc | TTMI | 0.20% | 0.67% |
| Viasat Inc | VSAT | 0.12% | 0.70% |
| OSI Systems Inc | OSIS | 0.08% | 0.32% |
| nLight Inc | LASR | 0.06% | 0.24% |
Holdings only in FTEC or PPA
FTEC has 273 fund-only positions representing approximately 96.6 percentage points of reported exposure; PPA has 52 fund-only positions representing approximately 92.9 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in FTEC
| Company | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 17.97% |
| Apple Inc | AAPL | 14.36% |
| Microsoft Corp | MSFT | 9.53% |
| Broadcom Inc | AVGO | 5.01% |
| Micron Technology Inc | MU | 2.63% |
| Advanced Micro Devices Inc | AMD | 2.59% |
| Intel Corp | INTC | 1.99% |
| Cisco Systems Inc | CSCO | 1.66% |
| Lam Research Corp | LRCX | 1.49% |
| Applied Materials Inc | AMAT | 1.44% |
Largest positions only in PPA
| Company | Ticker | Weight |
|---|---|---|
| Boeing Co. (The) | BA | 9.14% |
| General Electric Co. | GE | 7.87% |
| RTX Corp. | RTX | 7.15% |
| Lockheed Martin Corp. | LMT | 6.41% |
| General Dynamics Corp. | GD | 4.54% |
| Northrop Grumman Corp. | NOC | 4.47% |
| Honeywell International Inc. | HON | 4.40% |
| Howmet Aerospace Inc. | HWM | 4.19% |
| L3Harris Technologies, Inc. | LHX | 3.77% |
| Parker-Hannifin Corp. | PH | 3.75% |
FAQ
How much do FTEC and PPA overlap?
FTEC and PPA have 3.1% overlap by weight, sharing 8 equity positions (out of 281 in FTEC and 60 in PPA). The official holdings files used are dated 2026-04-30 for FTEC and 2026-04-30 for PPA.
What does 3.1% overlap mean?
FTEC and PPA share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do FTEC and PPA both hold?
The largest shared positions are Palantir Technologies Inc, Amphenol Corp, Keysight Technologies Inc, Teledyne Technologies Inc, TTM Technologies Inc. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between FTEC and PPA?
FTEC has 273 positions not found in PPA, while PPA has 52 positions not found in FTEC. The largest fund-only positions and their weights are shown on this page.