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Key Points

Invesco Aerospace & Defense ETF maintains a significantly larger pool of assets under management (AUM) and a lower expense ratio than ARK Space & Defense Innovation ETF. ARK Space & Defense Innovation ETF has delivered higher 1-year total returns but carries a much higher beta and more substantial max drawdown than its peer. The Invesco Aerospace & Defense ETF portfolio is heavily concentrated in industrials while ARK Space & Defense Innovation ETF provides broader exposure to technology companies.10 stocks we like better than Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF ›

The Invesco Aerospace & Defense ETF (NYSEMKT:PPA)offers a lower-cost, lower-volatility approach to defense than the ARK Space & Defense Innovation ETF (NYSEMKT:ARKX), which prioritizes high-growth technology companies disrupting the space sector.

Both funds target the expanding aerospace and defense industries but take fundamentally different paths. While ARKX actively hunts for disruptive innovation across space exploration and orbital technologies, PPA follows a more established index-based strategy, favoring traditional U.S. defense contractors and homeland security firms that provide a more stable market profile.

Snapshot (cost & size) MetricARKXPPAIssuerARKInvescoExpense ratio0.75%0.58%1-yr return (as of June 8, 2026)58.1%25.1%Dividend yieldNone0.4%Beta1.410.74AUM$717.3 million$8.0 billion

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The Invesco fund is more affordable for long-term holders, with a 0.58% expense ratio compared to the ARK fund’s 0.75%. This price gap reflects the difference between active management and index tracking.

Performance & risk comparison MetricARKXPPAMax drawdown (4 yr)(25.6%)(15.4%)Growth of $1,000 over 4 years (total return)$2,352$2,410

What's inside

TheInvesco Aerospace & Defense ETF is a seasoned fund launched in 2005 that tracks an index of 61 U.S. defense and homeland security holdings. Its portfolio is heavily concentrated in industrials at 91%, with just 9% in technology. Its largest positions include The Boeing Company(NYSE:BA) at 8.7%, GE Aerospace(NYSE:GE) at 8.3%, and RTX(NYSE:RTX) at 6.9%. Over the trailing 12 months, it paid $0.66 per share in dividends. With $8 billion in assets under management (AUM), it offers significantly greater scale and liquidity than newer, thematic competitors.

In contrast, the ARK Space & Defense Innovation ETF was launched in 2021 and manages $717.3 million in assets under management (AUM). It holds a tighter basket of 45 positions and has not paid a dividend over the trailing 12 months. The portfolio has a smaller industrial tilt at 56% while carrying significant technology exposure at 27% and 8% in communication services. Top holdings include Rocket Lab USA(NASDAQ:RKLB) at 8.7%, Advanced Micro Devices(NASDAQ:AMD) at 7.9%, and L3Harris Technologies(NYSE:LHX) at 7.1%. This composition reflects an active management style that targets disruptive space technologies and innovation rather than just traditional defense contractors.

Which fund is the better buy?

Not all ETFs are alike, even when they cover the same sector.

The key difference between the Invesco Aerospace & Defense ETF and the ARK Space & Defense Innovation ETF is that the Invesco offering is a passively managed ETF meant to reflect an index, the SPADE Defense Index, while the ARK offering is actively managed, meaning a person or team is making decisions to shift assets among its investment landscape. Indeed, the weightings of ARKX’s top 10 holdings have changed notably since the end of the first quarter, with some stocks weighted more heavily other more lightly, and some replaced by new names in the top holdings list.

The active hand is paying off. The year-to-date return of ARKX is about 19%, with a 54% one-year return, and a cumulative return since its early 2021 inception of close to 75%.

The Invesco fund has done decently, with year-to-date and 1-year returns of nearly 13% and 31%, respectively, but that’s left a lot of money on the table compared to the ARK ETF.

If you trust that the active managers who have posted such good returns are acting on skill and insight, then the ARK Space & Defense Innovation ETF is the better choice, given the flexibility active management gives the fund to go in whatever direction the team sees fit to find profits. PPA, meanwhile, has to wait for the index company’s quarterly rebalancing to make any significant adjustments.

For more guidance on ETF investing, check out the full guide at this link.

Should you buy stock in Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF right now?

Before you buy stock in Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $438,283! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,257,427!

Now, it’s worth noting Stock Advisor’s total average return is 938% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of June 12, 2026.

Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Boeing, GE Aerospace, L3Harris Technologies, RTX, and Rocket Lab. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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L3Harris Technologies, Inc. LHX recently secured a U.S. Army contract worth up to $106 million to deliver its VAMPIRE counter-unmanned systems (c-UxS), reinforcing its role in addressing the growing threat posed by hostile drones. The order supports the United States' layered c-UxS defense strategy and highlights rising demand for affordable, rapidly deployable drone defense capabilities.

LHX's Leadership in Counter-Unmanned Systems

L3Harris has leveraged decades of expertise to develop affordable, reliable and best-in-class solutions that swiftly counter the growing global threat posed by unmanned systems. The company has launched a new Counter-Unmanned Systems initiative, using its wide-ranging capabilities to tackle unmanned threats across air, land and sea domains.

L3Harris has already developed and proven counter-unmanned systems, including VAMPIRE, CORVUS-RAVEN, Nimble Finch and Drone Guardian.

The company's VAMPIRE is an affordable, compact Intelligence, Surveillance, and Reconnaissance and counter-unmanned weapons system engineered to deploy on nearly any platform, vehicle or vessel. This all-in-one system excels in Counter-small Unmanned Airborne System operations, providing precision strike capabilities against drones and remotely piloted aircraft with configurable sensors and weapons.

Such expertise may have attracted the interest of nations looking to incorporate L3Harris' counter-unmanned systems into their defense arsenals.

Growth Potential

According to a report by Market Research Future, the rising use of drones across military, commercial and recreational applications is driving the need for counter-unmanned aerial systems capable of detecting, tracking and neutralizing unauthorized drones. Per the same report, the market is projected to witness a CAGR of 24.72% between 2025 and 2035.

Such growth prospects are favorable for LHX, which is a trusted developer of counter-unmanned aerial systems. Other defense companies poised to benefit from the expanding counter-unmanned aerial systems market are discussed below:

RTX Corporation RTX: The company's Coyote counter-unmanned aircraft system is capable of neutralizing both single-drone threats and swarms, with shortened engagement timelines to address multiple targets. Its kinetic and non-kinetic variants can counter small to large unmanned aircraft systems at extended ranges and higher altitudes.

RTX boasts a long-term (three to five years) earnings growth rate of 10.2%. The Zacks Consensus Estimate for 2026 sales stands at $93.68 billion, which calls for an increase of 5.7%.

The Boeing Company BA: The company's Compact Laser Weapon System is a modular, high-energy laser platform that delivers proven air defense capabilities against unmanned aircraft systems. Its flexible design allows transport and operation by a single warfighter and can be configured for mobile deployment on various combat vehicles, offering exceptional adaptability to maintain readiness in any environment.

The Zacks Consensus Estimate for BA's 2026 loss is pegged at 15 cents, which suggests an improvement. The Zacks Consensus Estimate for 2026 sales is pegged at $96.70 billion, which suggests an increase of 8.1%.

BAE Systems plc BAESY: The company's TRIDON Mk2 is a high-precision, cost-effective anti-aircraft system that is simple to deploy and maintain. It can engage threats ranging from drones and cruise missiles to aircraft and armored vehicles, providing security and protection for both military forces and civilian infrastructure.

BAESY boasts a long-term earnings growth rate of 15%. The Zacks Consensus Estimate for 2026 sales stands at $44.65 billion, which calls for an increase of 56.8%.

Story Continues

LHX Stock Price Movement

In the past year, shares of L3Harris have risen 21% against the industry's decline of 0.3%.Zacks Investment Research

Image Source: Zacks Investment Research

LHX's Zacks Rank

L3Harris currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Boeing Company (BA) : Free Stock Analysis Report

Bae Systems PLC (BAESY) : Free Stock Analysis Report

L3Harris Technologies Inc (LHX) : Free Stock Analysis Report

RTX Corporation (RTX) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

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Flight or fight? In looking at your investment portfolio, you have the choice of both.

Invesco Aerospace & Defense ETF (NYSEMKT:PPA) offers broad exposure to defense contractors and aerospace manufacturing with lower historical volatility, while U.S. Global Jets ETF (NYSEMKT:JETS) provides a pure-play, more concentrated bet on global airline operators.

Investors looking for exposure to flight-related industries generally choose between two distinct paths: commercial travel or military defense. While both funds are housed primarily within the industrial sector, their underlying economic drivers differ significantly, ranging from consumer leisure demand and fuel costs to national security budgets and long-term government defense contracts.

Snapshot (cost & size)

Metric JETS PPA Issuer US Global Invesco Expense ratio 0.60% 0.58% 1-yr return (as of June 8, 2026) 20.10% 25.10% Dividend yield 0.80% 0.40% Beta 1.21 0.74 AUM $860.4 million $8.0 billion

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The Invesco fund is slightly more affordable with a 0.58% expense ratio compared to the 0.60% charged by the U.S. Global fund. However, the airline-focused ETF provides a higher payout, yielding 0.80% over the trailing 12 months at its recent price of $27.55, versus the 0.40% yield from the defense fund when it was trading around $166.

Performance & risk comparison

Metric JETS PPA Max drawdown (5 yr) (44.00%) (18.40%) Growth of $1,000 over 5 years (total return) $1,060 $2,282

What's inside

The Invesco Aerospace & Defense ETF holds 60 positions and tracks the SPADE Defense Index, focusing on firms vital to U.S. homeland security and aerospace support. Its largest positions include Boeing Co. (NYSE:BA) at 8.1%, RTX Corp. (NYSE:RTX) at 7.91%, and GE Aerospace (NYSE:GE) at 7.77%. The portfolio is almost 94% Industrials, with the balance in technology and communication services. This fund was launched in 2005 and has a trailing-12-month dividend of $0.66 per share.

The U.S. Global Jets ETF offers a more concentrated portfolio of 50 positions, including both airline operators and aircraft manufacturers worldwide. Its largest positions include Delta Air Lines Inc (NYSE:DAL) at 12.69%, American Airlines Group Inc (NASDAQ:AAL) at 12.01%, and United Airlines Holdings Inc (NASDAQ:UAL) at 11.57%. The sector mix is 91% Industrials, 7% Consumer Cyclical, and 2% Technology. This fund was launched in 2015 and has a trailing-12-month dividend of $0.23 per share.

Story Continues

Which is the better buy?

The Invesco Aerospace & Defense ETF is the better buy, having outpaced the U.S. Global JETS fund year-to-date, over the past three years, and over the previous five years. In the three years through March 31, 2026, PPA has returned 27.87%, while avancing 17.85% over the previous five years. By comparison, the U.S. Global JETS ETF has returned 17.38% over the past three years and 2% over the past five years.

The primary difference is that JETS is focusing solely on the commercial aerospace business, mainly consumer travel on aircraft. That's a boom-and-bust industry, where intense competition over airfare pricing makes it difficult for most airlines to post consistent profits.

The Invesco PPA fund holds a number of stocks not seen in JETS, including defense contractors L3Harris Technologies (NYSE:LHX), GeneralDynamics (NYSE:GD), and Northrop Grumman (NYSE:NOC). All of those are stocks benefiting from the U.S. increasing defense spending amid multiple military campaigns in recent years.

With lower volatility than JETS, as indicated by its lower maximum drawdown, PPA is the choice for 2026.

For more guidance on ETF investing, check out the full guide at this link.

Should you buy stock in Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF right now?

Before you buy stock in Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $442,220! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,230,114!

Now, it's worth noting Stock Advisor's total average return is 926% — a market-crushing outperformance compared to 203% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of June 11, 2026.

Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing, GE Aerospace, L3Harris Technologies, and RTX. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.

Better Returns, Lower Risk: Invesco Aerospace ETF Tops Jets ETF was originally published by The Motley Fool

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President Donald Trump said Wednesday the U.S. would resume attacks on Iran, after a Shahed drone downed a U.S. Apache helicopter. “We’re gonna be attacking them, attacking them very hard,” Trump told reporters, according to The Wall Street Journal. Defense stocks were down in midday trading.

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Cognyte Software Ltd. CGNT hat ein gemischtes Start in das Geschäftsjahr 2027 gezeigt, wodurch Investoren zwischen starkem operativen Erfolg und bestehenden Bedenken abwägen müssen.

Die Firma bietet Datenverarbeitungs- und AI-getriebene Ermittlungsanalyse-Lösungen hauptsächlich an Regierungen und Strafverfolgungsbehörden. Da sich schwelende geopolitische Spannungen zu komplexen und riesigen Datenmengen führen, explodiert der Bedarf nach solchen Lösungen.

Umsätze für das erste Quartal stiegen um 10,4 % im Vergleich zum Vorjahr auf 105,5 Millionen US-Dollar und übertrafen die Zacks-Konsensschätzung um 0,2 %. Allerdings kamen non-GAAP-Erträge pro Aktie bei 3 Cent an, niedriger als 7 Cent im Vorjahresquartal und der Zacks-Konsensschätzung von 10 Cent.

Der Aktienkurs fiel am 3. Juni um 20,6 %. Seitdem hat sich der Kurs um 22 % verringert. Gestern schloss er bei 9,06 US-Dollar, was einem Anstieg von 0,8 % entspricht.

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Investoren, die sich für diese Fonds interessieren, zielen oft auf den Schnittpunkt von nationaler Sicherheit und Luft- und Raumfahrttechnologie ab. Der iShares-Fonds verfolgt einen marktkapitalgewichteten Index von domestischen Luftfahrtunternehmen und verwaltet ein Massiv von 13,6 Milliarden US-Dollar in Vermögenswerten unter Verwaltung (AUM). Im Gegensatz dazu nimmt der ARK-Fonds eine kleinere, thematischere Herangehensweise mit etwa 717,3 Millionen US-Dollar in AUM an, die sich auf Unternehmen konzentriert, die unabhängig von ihrer primären Branchenklassifizierung die Rauminnovation ermöglichen.

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Der ARK Space & Defense Innovation ETF (ARKX) bietet aktiv gemangete Exposition zu disruptiven Raumtechnologien an, während der State Street SPDR S&P Aerospace & Defense ETF (XAR) einen niedrigkostenindexbasierten Zugang zu etablierten Luft- und Verteidigungsunternehmen bietet. Beide Sektoren haben mehr Aufmerksamkeit erlangt, da technologische Innovationen in Orbit und auf dem Boden beschleunigt werden. Beide Fonds bieten Möglichkeiten, diesen Trend zu fangen, obwohl sie sich deutlich in ihren Kostenstrukturen, historischen Volatilitäten und Sektorkonzentrationen unterscheiden.

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L3Harris Technologies (NYSE:LHX) erweitert seine Produktionsstätten in Huntsville, um die Kapazität zu erhöhen und neue Arbeitsplätze zu schaffen. Das Unternehmen investiert in neue Produktionsanlagen, um den steigenden Bedarf an Munitionen und verwandten Verteidigungssystemen zu unterstützen. L3Harris hat auch einen neuen Kooperationsvertrag mit Airbus Helicopters abgeschlossen, um zukünftige kanadische Verteidigungschancen zu verfolgen. Die Partnerschaft konzentriert sich auf die Integration von L3Harris-Bild- und Aufklärungssystemen in Airbus-Plattformen für potenzielle kanadische Verträge.

L3Harris Technologies, der an der NYSE unter dem Ticker LHX notiert ist, liegt im Bereich der Verteidigungsindustrie, wo der Bedarf an fortschrittlichen Munitionen und Sensoren ein wichtiger Fokus für Regierungen bleibt. Der Aktienkurs hat sich in den letzten 12 Monaten um 28,2% erhöht und in den letzten 3 Jahren um 76,5%, während die 5-Jahresrendite bei 54,7% liegt. Für Investoren, die NYSE:LHX verfolgen, kommen diese Maßnahmen in Huntsville und Kanada hinzu zu einem bereits etablierten Leistungsbild.

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Der Zacks Research Daily präsentiert die besten Forschungsergebnisse unseres Analystenteams. Heute werden neue Forschungsberichte zu 16 wichtigen Aktien vorgestellt, darunter Microsoft Corp., Dell Technologies Inc. und Thermo Fisher Scientific Inc.

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Rohstoffinvestoren drängen sich in den Raumfahrtmarkt vor dem SpaceX-IPO und ein ETF hat davon profitiert. Der NASA-ETF des Anbieters Tema ETFs, der am 30. März gestartet ist und unter dem Ticker-Symbol NASA gehandelt wird, erreichte innerhalb von nur 37 Handelstagen einen Vermögenswert von über einer Milliarde Dollar und hatte Ende der vergangenen Handelswoche bereits über 2,6 Milliarden Dollar an Vermögenswerten. Diese schnelle Steigerung ist zum Teil auf die Suche nach dem Zugriff auf SpaceX durch private Investoren zurückzuführen, bevor das Unternehmen an der Börse kotiert wird.