PPA vs. ARKX ETF Comparison

Comparison of PowerShares Aerospace & Defense (PPA) to ARK Space Exploration & Innovation ETF (ARKX)

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADEâ¢ 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

$99.00

Average Daily Volume

146,800

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARKX

ARK Space Exploration & Innovation ETF

ARKX Description

The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.

Grade (RS Rating)

Last Trade

$14.25

Average Daily Volume

65,752

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPA	ARKX
30 Days	-1.38%	-3.59%
60 Days	2.99%	-1.62%
90 Days	9.04%	-2.93%
12 Months	22.78%	5.02%

9 Overlapping Holdings

Symbol	Grade	Weight in PPA	Weight in ARKX	Overlap
AVAV	A	0.83%	8.92%	0.83%
HEI	A	1.76%	1.45%	1.45%
HON	B	4.45%	1.51%	1.51%
IRDM	D	0.16%	7.37%	0.16%
KTOS	D	0.54%	9.11%	0.54%
LHX	B	4.34%	5.16%	4.34%
LMT	A	6.67%	1.17%	1.17%
PLTR	D	0.87%	1.07%	0.87%
TDY	D	1.07%	1.16%	1.07%

PPA Overweight 39 Positions Relative to ARKX

Symbol	Grade	Weight
RTX	A	6.9%
BA	F	6.0%
GE	A	5.89%
NOC	B	5.37%
GD	A	4.98%
TDG	A	4.04%
ETN	A	3.79%
PH	B	3.67%
HWM	C	3.54%
AXON	B	3.52%
TXT	A	2.67%
BAH	B	2.46%
LDOS	B	2.14%
APH	A	2.08%
HII	B	2.08%
BWXT	D	1.42%
KBR	A	1.32%
CW	A	1.31%
CACI	A	1.25%
WWD	A	1.09%
SAIC	C	0.99%
ATI	A	0.97%
HXL	D	0.96%
J	C	0.89%
SPR	A	0.8%
PSN	C	0.66%
MOG.A	A	0.65%
KEYS	D	0.65%
OSK	A	0.48%
AIR	B	0.44%
MRCY	F	0.34%
VSAT	F	0.32%
OSIS	A	0.27%
CDRE	D	0.27%
TGI	D	0.2%
KAMN	A	0.19%
DCO	A	0.15%
B	C	0.15%
TTMI	D	0.13%

PPA Underweight 18 Positions Relative to ARKX

Symbol	Grade	Weight
TRMB	C	-7.41%
TER	D	-5.15%
ACHR	F	-3.68%
AMZN	B	-3.66%
BLDE	D	-3.28%
DE	A	-3.05%
PRNT	D	-3.04%
PATH	F	-2.97%
GRMN	A	-2.65%
RKLB	F	-2.15%
GOOG	A	-2.12%
JOBY	F	-2.08%
SNPS	D	-1.45%
U	F	-1.43%
ANSS	C	-1.22%
MYNA	A	-1.21%
OSPN	C	-0.71%
DDD	F	-0.41%