{
  "page": "compare",
  "query": {
    "a": "PPA",
    "b": "DFEN"
  },
  "retrieved_at": "2026-07-07T18:17:40+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Invesco Aerospace & Defense ETF",
    "ticker": "PPA",
    "slug": "PPA",
    "series_id": "S000003039",
    "html_url": "https://fundwatcher.app/funds/PPA/"
  },
  "fund_b": {
    "name": "Direxion Daily Aerospace & Defense Bull 3X Shares",
    "ticker": "DFEN",
    "slug": "DFEN",
    "series_id": "S000057185",
    "html_url": "https://fundwatcher.app/funds/DFEN/"
  },
  "overlap": {
    "coverage_a_by_b": "0.5399198817358332079855362090",
    "coverage_b_by_a": "0.5399198817358332079855362090",
    "shared_count": 32,
    "as_of": {
      "a": "2026-01-31",
      "b": "2026-04-30"
    },
    "a_top": [
      {
        "name": "LOCKHEED MARTIN CORP",
        "value": "709177193.36",
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      },
      {
        "name": "RTX CORP",
        "value": "682957453.26",
        "weight": "0.08304515",
        "shared": true
      },
      {
        "name": "BOEING CO/THE",
        "value": "680254447.16",
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      },
      {
        "name": "GENERAL ELECTRIC CO",
        "value": "615207827.74",
        "weight": "0.07480704",
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      },
      {
        "name": "NORTHROP GRUMMAN CORP",
        "value": "477416416.74",
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      },
      {
        "name": "GENERAL DYNAMICS CORPORATION",
        "value": "388608530.67",
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      },
      {
        "name": "L3HARRIS TECHNOLOGIES INC",
        "value": "332487015.90",
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      },
      {
        "name": "HONEYWELL INTL INC",
        "value": "332274075.84",
        "weight": "0.04040332",
        "shared": false
      },
      {
        "name": "Invesco Private Prime Fund",
        "value": "293644484.93",
        "weight": "0.03570611",
        "shared": false
      },
      {
        "name": "HOWMET AEROSPACE INC",
        "value": "286069424.40",
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      },
      {
        "name": "PARKER HANNIFIN CORP",
        "value": "248357898.40",
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      },
      {
        "name": "TRANSDIGM GROUP INC",
        "value": "222280825.86",
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      },
      {
        "name": "Elbit Systems Ltd ILS1",
        "value": "212628595.08",
        "weight": "0.02585487",
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      },
      {
        "name": "AMPHENOL CORPORATION CL A",
        "value": "195370174.72",
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      },
      {
        "name": "ROCKET LAB CORP",
        "value": "139344780.09",
        "weight": "0.01694382",
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      },
      {
        "name": "EATON CORP PLC",
        "value": "133412385.96",
        "weight": "0.01622246",
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      },
      {
        "name": "AXON ENTERPRISE INC",
        "value": "114961956.98",
        "weight": "0.01397896",
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      },
      {
        "name": "Invesco Private Government Fund",
        "value": "114134462.38",
        "weight": "0.01387834",
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      },
      {
        "name": "KRATOS DEFENSE and SEC SOLTN INC",
        "value": "113329335.78",
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      },
      {
        "name": "CURTISS WRIGHT CORPORATION",
        "value": "108896275.94",
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      },
      {
        "name": "HEICO CORP",
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      },
      {
        "name": "LEIDOS HOLDINGS INC",
        "value": "104372076.60",
        "weight": "0.01269127",
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      },
      {
        "name": "HUNTINGTON INGALLS INDUSTRIES INC",
        "value": "102719239.23",
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      },
      {
        "name": "AEROVIRONMENT INC",
        "value": "90573629.72",
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      },
      {
        "name": "BWX TECHNOLOGIES INC",
        "value": "87203802.42",
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      },
      {
        "name": "PALANTIR TECHNOLOGIES INC",
        "value": "85582027.21",
        "weight": "0.01040646",
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      },
      {
        "name": "WOODWARD INC",
        "value": "82376182.00",
        "weight": "0.01001665",
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      },
      {
        "name": "TEXTRON INC",
        "value": "78885028.60",
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      },
      {
        "name": "CACI INTL-A",
        "value": "76307757.96",
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      },
      {
        "name": "ATI INC",
        "value": "75014869.50",
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      },
      {
        "name": "CAE INC",
        "value": "67132835.28",
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      },
      {
        "name": "LEONARDO DRS INC",
        "value": "65478833.66",
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      },
      {
        "name": "STANDARDAERO INC",
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      {
        "name": "KARMAN HOLDINGS INC",
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      {
        "name": "TELEDYNE TECHNOLOGIES INC",
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      },
      {
        "name": "BOOZ ALLEN HAMILTON HLDG CL A",
        "value": "48846833.22",
        "weight": "0.00593960",
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      },
      {
        "name": "PLANET LABS PBC A",
        "value": "47594542.93",
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      },
      {
        "name": "KEYSIGHT TECHNOLOGIES INC",
        "value": "44584747.68",
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      },
      {
        "name": "MOOG INC-CLASS A",
        "value": "42569148.85",
        "weight": "0.00517625",
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      },
      {
        "name": "HEXCEL CORPORATION",
        "value": "39957895.25",
        "weight": "0.00485874",
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      },
      {
        "name": "MERCURY SYSTEMS INC",
        "value": "36767444.84",
        "weight": "0.00447079",
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      },
      {
        "name": "AMENTUM HOLDINGS INC",
        "value": "36543473.64",
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      },
      {
        "name": "VIASAT INC",
        "value": "34405311.45",
        "weight": "0.00418356",
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      },
      {
        "name": "TTM TECHNOLOGIES INC",
        "value": "30416468.00",
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      },
      {
        "name": "AAR CORP",
        "value": "27319908.14",
        "weight": "0.00332200",
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      },
      {
        "name": "KBR INC",
        "value": "25681847.43",
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      },
      {
        "name": "SCIENCE APPLICATIONS INTERNATIONAL CORP",
        "value": "23261318.40",
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      },
      {
        "name": "LOAR HOLDINGS INC",
        "value": "21971523.24",
        "weight": "0.00267166",
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      },
      {
        "name": "PARSONS CORP",
        "value": "20905974.06",
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      },
      {
        "name": "OSI SYSTEMS INC",
        "value": "20480962.92",
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    ],
    "b_top": [
      {
        "name": "DREYFUS GOVT CASH MGMT FUND",
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      },
      {
        "name": "GENERAL ELECTRIC CO",
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      },
      {
        "name": "RTX CORP",
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      {
        "name": "BOEING CO/THE",
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      {
        "name": "GOLDMAN SACHS FIN GOV 465 INSTITUT",
        "value": "13888690.87",
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      {
        "name": "GOLDMAN FINL SQ TRSRY INST 506",
        "value": "13450893.91",
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      },
      {
        "name": "GENERAL DYNAMICS CORPORATION",
        "value": "12362091.50",
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      },
      {
        "name": "HOWMET AEROSPACE INC",
        "value": "12270117.44",
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      },
      {
        "name": "US ULTRA BOND CBT Sep25",
        "value": "11965055.07",
        "weight": "0.03201934",
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      },
      {
        "name": "TRANSDIGM GROUP INC",
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      },
      {
        "name": "L3HARRIS TECHNOLOGIES INC",
        "value": "11180142.90",
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      },
      {
        "name": "LOCKHEED MARTIN CORP",
        "value": "10132529.14",
        "weight": "0.02711537",
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      },
      {
        "name": "NORTHROP GRUMMAN CORP",
        "value": "10041229.44",
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      },
      {
        "name": "ROCKET LAB CORP",
        "value": "8450509.18",
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      },
      {
        "name": "AXON ENTERPRISE INC",
        "value": "6907459.68",
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      },
      {
        "name": "CURTISS WRIGHT CORPORATION",
        "value": "5784646.40",
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      },
      {
        "name": "FTAI AVIATION LT",
        "value": "5580124.50",
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      },
      {
        "name": "WOODWARD INC",
        "value": "4714514.12",
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      {
        "name": "CARPENTER TECHNOLOGY CORP",
        "value": "4647254.60",
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      {
        "name": "ATI INC",
        "value": "4601926.92",
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      {
        "name": "BWX TECHNOLOGIES INC",
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      {
        "name": "TEXTRON INC",
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      {
        "name": "HEICO CORP CL A",
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      {
        "name": "HUNTINGTON INGALLS INDUSTRIES INC",
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      {
        "name": "KRATOS DEFENSE and SEC SOLTN INC",
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      {
        "name": "HEICO CORP",
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      },
      {
        "name": "MOOG INC-CLASS A",
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      },
      {
        "name": "HEXCEL CORPORATION",
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      },
      {
        "name": "AEROVIRONMENT INC",
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      {
        "name": "DREYFUS TRSRY SECURITIES CASH MGMT",
        "value": "1209609.19",
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      },
      {
        "name": "KARMAN HOLDINGS INC",
        "value": "1136829.54",
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      },
      {
        "name": "VSE CORP",
        "value": "1077120.32",
        "weight": "0.00288245",
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      },
      {
        "name": "STANDARDAERO INC",
        "value": "1027264.92",
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      },
      {
        "name": "AAR CORP",
        "value": "938807.22",
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      },
      {
        "name": "MERCURY SYSTEMS INC",
        "value": "908017.37",
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      },
      {
        "name": "ARCHER AVIATION INC A",
        "value": "769630.68",
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      },
      {
        "name": "LEONARDO DRS INC",
        "value": "682990.30",
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      {
        "name": "INTUITIVE MACHINES INC A",
        "value": "620948.25",
        "weight": "0.00166170",
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      },
      {
        "name": "ASTRONICS CORP",
        "value": "491946.00",
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      },
      {
        "name": "LOAR HOLDINGS INC",
        "value": "434986.12",
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      {
        "name": "DUCOMMUN INC",
        "value": "425222.28",
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      },
      {
        "name": "V2X INC",
        "value": "302839.46",
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      },
      {
        "name": "RED CAT HOLDINGS INC",
        "value": "268235.64",
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      },
      {
        "name": "CADRE HOLDINGS I",
        "value": "186528.15",
        "weight": "0.00049916",
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      },
      {
        "name": "NATL PRESTO INDS",
        "value": "161235.52",
        "weight": "0.00043148",
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      },
      {
        "name": "REDWIRE CORP",
        "value": "155421.28",
        "weight": "0.00041592",
        "shared": true
      },
      {
        "name": "STURM RUGER & CO",
        "value": "150702.12",
        "weight": "0.00040329",
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      },
      {
        "name": "SMITH & WESSON B",
        "value": "150644.76",
        "weight": "0.00040314",
        "shared": false
      },
      {
        "name": "BETA TECHNOLOGIES INC",
        "value": "107161.11",
        "weight": "0.00028677",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001209466-26-000455",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1209466/000120946626000455/0001209466-26-000455-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001193125-26-287429",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1424958/000119312526287429/0001193125-26-287429-index.htm"
    }
  ]
}