PPA vs SPMO: how much do they overlap?
Invesco Aerospace & Defense ETF (PPA) · Invesco S&P 500 Momentum ETF (SPMO)
overlap by weight · 9 shared holdings
PPA: 60 holdings (as of 2026-04-30) · SPMO: 99 holdings (as of 2026-02-28)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
PPA and SPMO hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
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.
Top shared holdings
| Company | Ticker | in PPA | in SPMO |
|---|---|---|---|
| General Electric Co. | GE | 7.87% | 2.6% |
| RTX Corp. | RTX | 7.15% | 1.63% |
| Amphenol Corp. | APH | 2.34% | 1.3% |
| Palantir Technologies Inc. | PLTR | 1.23% | 3.54% |
| Howmet Aerospace Inc. | HWM | 4.19% | 0.94% |
| Parker-Hannifin Corp. | PH | 3.75% | 0.59% |
| Axon Enterprise, Inc. | AXON | 1.68% | 0.41% |
| TransDigm Group Inc. | TDG | 2.63% | 0.38% |
| Teledyne Technologies Inc. | TDY | 0.86% | 0.18% |
FAQ
How much do PPA and SPMO overlap?
PPA and SPMO have a 9.3% overlap by weight, sharing 9 holdings (out of 60 in PPA and 99 in SPMO), based on official issuer holdings as of 2026-04-30.
What does 9.3% overlap mean?
PPA and SPMO hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do PPA and SPMO both hold?
The largest shared positions are General Electric Co., RTX Corp., Amphenol Corp., Palantir Technologies Inc., Howmet Aerospace Inc.. The full list of top shared holdings with weights in each fund is shown on this page.