TAN vs. PPA ETF Comparison

Comparison of Invesco Solar ETF (TAN) to PowerShares Aerospace & Defense (PPA)
TAN

Invesco Solar ETF

TAN Description

The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.21

Average Daily Volume

1,301,037

Number of Holdings *

18

* may have additional holdings in another (foreign) market
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

$102.72

Average Daily Volume

133,639

Number of Holdings *

47

* may have additional holdings in another (foreign) market
Performance
Period TAN PPA
30 Days -15.53% -0.14%
60 Days -3.39% 0.86%
90 Days -11.37% 1.27%
12 Months -41.60% 23.26%
0 Overlapping Holdings
Symbol Grade Weight in TAN Weight in PPA Overlap
TAN Overweight 18 Positions Relative to PPA
Symbol Grade Weight
FSLR C 16.68%
ENPH F 8.62%
HASI C 5.68%
RUN D 4.5%
ARRY F 3.47%
SEDG F 2.77%
CWEN C 2.17%
SHLS F 2.01%
NOVA D 1.77%
JKS F 1.7%
CSIQ F 1.68%
AY B 1.61%
DQ F 1.6%
RNW C 0.67%
SPWR C 0.64%
AMPS D 0.64%
RENB C 0.36%
MAXN F 0.11%
TAN Underweight 47 Positions Relative to PPA
Symbol Grade Weight
RTX D -6.75%
LMT A -6.73%
BA D -5.99%
GE D -5.8%
GD C -5.01%
NOC D -4.89%
HON B -4.72%
LHX A -4.68%
TDG C -4.2%
HWM C -4.11%
ETN D -3.73%
PH C -3.26%
AXON C -3.08%
BAH B -2.59%
LDOS B -2.43%
TXT D -2.39%
APH B -2.33%
HEI B -1.99%
HII D -1.83%
CACI B -1.42%
CW B -1.38%
BWXT B -1.34%
KBR C -1.29%
WWD C -1.27%
AVAV C -1.03%
TDY D -1.0%
ATI C -0.97%
HXL F -0.93%
PLTR B -0.89%
SAIC D -0.89%
J D -0.84%
SPR B -0.74%
MOG.A C -0.65%
PSN B -0.63%
KTOS B -0.59%
KEYS D -0.54%
AIR A -0.49%
OSK C -0.4%
MRCY F -0.32%
OSIS C -0.25%
CDRE C -0.24%
VSAT F -0.23%
TGI B -0.22%
TTMI B -0.17%
B B -0.16%
DCO B -0.15%
IRDM F -0.15%
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