PPA vs VTV: how much do they overlap?
Invesco Aerospace & Defense ETF (PPA) · Vanguard Value ETF (VTV)
overlap by weight · 12 shared holdings
PPA: 60 holdings (as of 2026-04-30) · VTV: 311 holdings (as of 2026-03-31)
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 VTV 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 VTV |
|---|---|---|---|
| RTX Corp. | RTX | 7.15% | 1.06% |
| Honeywell International Inc. | HON | 4.4% | 0.59% |
| General Electric Co. | GE | 7.87% | 0.58% |
| Lockheed Martin Corp. | LMT | 6.41% | 0.57% |
| Eaton Corp. PLC | ETN | 2.36% | 0.57% |
| Parker-Hannifin Corp. | PH | 3.75% | 0.46% |
| Northrop Grumman Corp. | NOC | 4.47% | 0.4% |
| General Dynamics Corp. | GD | 4.54% | 0.34% |
| L3Harris Technologies, Inc. | LHX | 3.77% | 0.26% |
| Keysight Technologies, Inc. | KEYS | 1.02% | 0.2% |
FAQ
How much do PPA and VTV overlap?
PPA and VTV have a 5.2% overlap by weight, sharing 12 holdings (out of 60 in PPA and 311 in VTV), based on official issuer holdings as of 2026-04-30.
What does 5.2% overlap mean?
PPA and VTV hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do PPA and VTV both hold?
The largest shared positions are RTX Corp., Honeywell International Inc., General Electric Co., Lockheed Martin Corp., Eaton Corp. PLC. The full list of top shared holdings with weights in each fund is shown on this page.