# Portfolio overlap — PPA vs DFEN

Comparing **Invesco Aerospace & Defense ETF** (2026-01-31) and **Direxion Daily Aerospace & Defense Bull 3X Shares** (2026-04-30).

- Shared positions: 32
- Invesco Aerospace & Defense ETF covered by Direxion Daily Aerospace & Defense Bull 3X Shares: 0.5399198817358332079855362090
- Direxion Daily Aerospace & Defense Bull 3X Shares covered by Invesco Aerospace & Defense ETF: 0.5399198817358332079855362090

## Invesco Aerospace & Defense ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| LOCKHEED MARTIN CORP | 0.086233 | ✓ |
| RTX CORP | 0.083045 | ✓ |
| BOEING CO/THE | 0.082716 | ✓ |
| GENERAL ELECTRIC CO | 0.074807 | ✓ |
| NORTHROP GRUMMAN CORP | 0.058052 | ✓ |
| GENERAL DYNAMICS CORPORATION | 0.047253 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.040429 | ✓ |
| HONEYWELL INTL INC | 0.040403 |  |
| Invesco Private Prime Fund | 0.035706 |  |
| HOWMET AEROSPACE INC | 0.034785 | ✓ |
| PARKER HANNIFIN CORP | 0.030199 |  |
| TRANSDIGM GROUP INC | 0.027029 | ✓ |
| Elbit Systems Ltd ILS1 | 0.025855 |  |
| AMPHENOL CORPORATION CL A | 0.023756 |  |
| ROCKET LAB CORP | 0.016944 | ✓ |
| EATON CORP PLC | 0.016222 |  |
| AXON ENTERPRISE INC | 0.013979 | ✓ |
| Invesco Private Government Fund | 0.013878 |  |
| KRATOS DEFENSE and SEC SOLTN INC | 0.013780 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.013241 | ✓ |
| HEICO CORP | 0.013028 | ✓ |
| LEIDOS HOLDINGS INC | 0.012691 |  |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.012490 | ✓ |
| AEROVIRONMENT INC | 0.011013 | ✓ |
| BWX TECHNOLOGIES INC | 0.010604 | ✓ |
| PALANTIR TECHNOLOGIES INC | 0.010406 |  |
| WOODWARD INC | 0.010017 | ✓ |
| TEXTRON INC | 0.009592 | ✓ |
| CACI INTL-A | 0.009279 |  |
| ATI INC | 0.009122 | ✓ |
| CAE INC | 0.008163 |  |
| LEONARDO DRS INC | 0.007962 | ✓ |
| STANDARDAERO INC | 0.007940 | ✓ |
| KARMAN HOLDINGS INC | 0.007813 | ✓ |
| TELEDYNE TECHNOLOGIES INC | 0.007152 |  |
| BOOZ ALLEN HAMILTON HLDG CL A | 0.005940 |  |
| PLANET LABS PBC A | 0.005787 |  |
| KEYSIGHT TECHNOLOGIES INC | 0.005421 |  |
| MOOG INC-CLASS A | 0.005176 | ✓ |
| HEXCEL CORPORATION | 0.004859 | ✓ |
| MERCURY SYSTEMS INC | 0.004471 | ✓ |
| AMENTUM HOLDINGS INC | 0.004444 |  |
| VIASAT INC | 0.004184 |  |
| TTM TECHNOLOGIES INC | 0.003699 |  |
| AAR CORP | 0.003322 | ✓ |
| KBR INC | 0.003123 |  |
| SCIENCE APPLICATIONS INTERNATIONAL CORP | 0.002828 |  |
| LOAR HOLDINGS INC | 0.002672 | ✓ |
| PARSONS CORP | 0.002542 |  |
| OSI SYSTEMS INC | 0.002490 |  |

## Direxion Daily Aerospace & Defense Bull 3X Shares — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DREYFUS GOVT CASH MGMT FUND | 0.200052 |  |
| GENERAL ELECTRIC CO | 0.134410 | ✓ |
| RTX CORP | 0.104466 | ✓ |
| BOEING CO/THE | 0.070908 | ✓ |
| GOLDMAN SACHS FIN GOV 465 INSTITUT | 0.037167 |  |
| GOLDMAN FINL SQ TRSRY INST 506 | 0.035996 |  |
| GENERAL DYNAMICS CORPORATION | 0.033082 | ✓ |
| HOWMET AEROSPACE INC | 0.032836 | ✓ |
| US ULTRA BOND CBT Sep25 | 0.032019 |  |
| TRANSDIGM GROUP INC | 0.031340 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.029919 | ✓ |
| LOCKHEED MARTIN CORP | 0.027115 | ✓ |
| NORTHROP GRUMMAN CORP | 0.026871 | ✓ |
| ROCKET LAB CORP | 0.022614 | ✓ |
| AXON ENTERPRISE INC | 0.018485 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.015480 | ✓ |
| FTAI AVIATION LT | 0.014933 |  |
| WOODWARD INC | 0.012616 | ✓ |
| CARPENTER TECHNOLOGY CORP | 0.012436 |  |
| ATI INC | 0.012315 | ✓ |
| BWX TECHNOLOGIES INC | 0.011536 | ✓ |
| TEXTRON INC | 0.009744 | ✓ |
| HEICO CORP CL A | 0.009449 |  |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.008336 | ✓ |
| KRATOS DEFENSE and SEC SOLTN INC | 0.006787 | ✓ |
| HEICO CORP | 0.006336 | ✓ |
| MOOG INC-CLASS A | 0.004994 | ✓ |
| HEXCEL CORPORATION | 0.004152 | ✓ |
| AEROVIRONMENT INC | 0.003617 | ✓ |
| DREYFUS TRSRY SECURITIES CASH MGMT | 0.003237 |  |
| KARMAN HOLDINGS INC | 0.003042 | ✓ |
| VSE CORP | 0.002882 |  |
| STANDARDAERO INC | 0.002749 | ✓ |
| AAR CORP | 0.002512 | ✓ |
| MERCURY SYSTEMS INC | 0.002430 | ✓ |
| ARCHER AVIATION INC A | 0.002060 |  |
| LEONARDO DRS INC | 0.001828 | ✓ |
| INTUITIVE MACHINES INC A | 0.001662 |  |
| ASTRONICS CORP | 0.001316 |  |
| LOAR HOLDINGS INC | 0.001164 | ✓ |
| DUCOMMUN INC | 0.001138 | ✓ |
| V2X INC | 0.000810 | ✓ |
| RED CAT HOLDINGS INC | 0.000718 |  |
| CADRE HOLDINGS I | 0.000499 | ✓ |
| NATL PRESTO INDS | 0.000431 |  |
| REDWIRE CORP | 0.000416 | ✓ |
| STURM RUGER & CO | 0.000403 |  |
| SMITH & WESSON B | 0.000403 |  |
| BETA TECHNOLOGIES INC | 0.000287 |  |


## Sources

- N-PORT (fund A) — accession `0001209466-26-000455` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1209466/000120946626000455/0001209466-26-000455-index.htm>
- N-PORT (fund B) — accession `0001193125-26-287429` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1424958/000119312526287429/0001193125-26-287429-index.htm>

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