FITE vs. PPA ETF Comparison
Comparison of SPDR S&P Kensho Future Security ETF (FITE) to PowerShares Aerospace & Defense (PPA)
FITE
SPDR S&P Kensho Future Security ETF
FITE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by the index provider. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$54.60
Average Daily Volume
9,187
55
PPA
PowerShares Aerospace & Defense
PPA Description
The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE⢠Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$102.93
Average Daily Volume
146,432
47
Performance
| Period | FITE | PPA |
|---|---|---|
| 30 Days | -2.68% | 2.69% |
| 60 Days | -4.91% | 4.07% |
| 90 Days | -1.21% | 11.54% |
| 12 Months | 26.01% | 32.34% |
23 Overlapping Holdings
| Symbol | Grade | Weight in FITE | Weight in PPA | Overlap | |
|---|---|---|---|---|---|
| APH | A | 1.86% | 2.15% | 1.86% | |
| AVAV | B | 2.21% | 0.88% | 0.88% | |
| BA | D | 1.25% | 5.9% | 1.25% | |
| DCO | A | 1.02% | 0.15% | 0.15% | |
| GD | A | 1.61% | 4.91% | 1.61% | |
| HEI | A | 2.09% | 1.85% | 1.85% | |
| HII | D | 1.62% | 2.06% | 1.62% | |
| HXL | D | 1.6% | 0.97% | 0.97% | |
| IRDM | C | 1.39% | 0.2% | 0.2% | |
| KBR | A | 1.77% | 1.34% | 1.34% | |
| KTOS | B | 1.67% | 0.55% | 0.55% | |
| LDOS | A | 2.1% | 2.19% | 2.1% | |
| LHX | A | 1.91% | 4.58% | 1.91% | |
| LMT | B | 1.82% | 6.78% | 1.82% | |
| MOG.A | A | 2.11% | 0.65% | 0.65% | |
| MRCY | D | 1.17% | 0.34% | 0.34% | |
| NOC | B | 1.77% | 5.61% | 1.77% | |
| OSIS | C | 1.94% | 0.26% | 0.26% | |
| PSN | D | 2.23% | 0.64% | 0.64% | |
| RTX | B | 2.17% | 6.9% | 2.17% | |
| TDY | D | 1.64% | 1.0% | 1.0% | |
| TXT | D | 2.0% | 2.4% | 2.0% | |
| VSAT | F | 1.25% | 0.3% | 0.3% |
FITE Overweight 32 Positions Relative to PPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| AVGO | D | 2.63% | |
| CRWD | D | 2.25% | |
| FTNT | F | 2.19% | |
| CYBR | D | 2.14% | |
| JNPR | D | 2.13% | |
| BRKR | F | 2.11% | |
| DDOG | C | 2.04% | |
| NET | F | 2.03% | |
| COHR | D | 2.01% | |
| TENB | F | 1.97% | |
| ERJ | A | 1.96% | |
| FFIV | F | 1.91% | |
| ATEN | A | 1.9% | |
| ASGN | D | 1.88% | |
| CHKP | D | 1.85% | |
| VRNS | D | 1.84% | |
| PANW | B | 1.8% | |
| CSCO | F | 1.78% | |
| MIR | C | 1.74% | |
| NTCT | F | 1.68% | |
| S | D | 1.64% | |
| QLYS | D | 1.62% | |
| ZS | D | 1.58% | |
| AKAM | F | 1.57% | |
| RKLB | F | 1.5% | |
| NABL | D | 1.5% | |
| RPD | F | 1.46% | |
| ZD | D | 1.44% | |
| VREX | F | 1.14% | |
| RDWR | F | 0.75% | |
| PL | F | 0.61% | |
| MVIS | F | 0.57% |
FITE Underweight 24 Positions Relative to PPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| GE | A | -6.04% | |
| HON | C | -4.31% | |
| TDG | A | -4.05% | |
| ETN | A | -3.84% | |
| PH | C | -3.6% | |
| HWM | A | -3.57% | |
| AXON | A | -3.35% | |
| BAH | B | -2.48% | |
| BWXT | D | -1.41% | |
| CACI | A | -1.35% | |
| CW | A | -1.31% | |
| WWD | A | -1.08% | |
| SAIC | D | -1.0% | |
| ATI | B | -0.95% | |
| J | B | -0.88% | |
| PLTR | D | -0.85% | |
| SPR | D | -0.74% | |
| KEYS | D | -0.6% | |
| AIR | B | -0.48% | |
| OSK | D | -0.45% | |
| CDRE | D | -0.26% | |
| TGI | D | -0.2% | |
| B | C | -0.15% | |
| TTMI | A | -0.14% |
FITE: Top Represented Industries & Keywords
PPA: Top Represented Industries & Keywords
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