PPA vs VGT ETF holdings comparison
Invesco Aerospace & Defense ETF (PPA) · Vanguard Information Technology ETF (VGT)
PPA and VGT overlap by 2.7% by portfolio weight. The remaining 97.3 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.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
PPA and VGT 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 PPA | in VGT |
|---|---|---|---|
| Palantir Technologies Inc. | PLTR | 1.23% | 1.35% |
| Amphenol Corp. | APH | 2.34% | 0.73% |
| Keysight Technologies, Inc. | KEYS | 1.02% | 0.27% |
| Teledyne Technologies Inc. | TDY | 0.86% | 0.16% |
| TTM Technologies, Inc. | TTMI | 0.67% | 0.14% |
| Viasat, Inc. | VSAT | 0.70% | 0.10% |
| nLight, Inc. | LASR | 0.24% | 0.05% |
| OSI Systems, Inc. | OSIS | 0.32% | 0.05% |
Holdings only in PPA or VGT
PPA has 52 fund-only positions representing approximately 92.9 percentage points of reported exposure; VGT has 308 fund-only positions representing approximately 97.0 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 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% |
Largest positions only in VGT
| Company | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 16.82% |
| Apple Inc | AAPL | 14.57% |
| Microsoft Corp | MSFT | 9.46% |
| Broadcom Inc | AVGO | 4.21% |
| Micron Technology Inc | MU | 4.20% |
| Advanced Micro Devices Inc | AMD | 3.21% |
| Intel Corp | INTC | 2.03% |
| Cisco Systems Inc | CSCO | 1.85% |
| Lam Research Corp | LRCX | 1.56% |
| Oracle Corp | ORCL | 1.45% |
FAQ
How much do PPA and VGT overlap?
PPA and VGT have 2.7% overlap by weight, sharing 8 equity positions (out of 60 in PPA and 316 in VGT). The official holdings files used are dated 2026-04-30 for PPA and 2026-05-31 for VGT.
What does 2.7% overlap mean?
PPA and VGT 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 PPA and VGT 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 PPA and VGT?
PPA has 52 positions not found in VGT, while VGT has 308 positions not found in PPA. The largest fund-only positions and their weights are shown on this page.