Passive

Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the SPADE® Defense Index (the “Underlying Index”).

$153.18

Key Metrics

TER 0.58% per year
Distribution policy Distributing
Fund size USD 8,263 M
Inception date October 26, 2005
Holdings 64
Fund currency USD
Fund domicile US
Provider Invesco
For full official fund details, factsheets, and holdings, visit invesco.com (opens in new tab).

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Historical Return

Last updated: Nov 01, 2026
1 Year +0.7% +0.4% Div
3 Years (avg.) +24.7% +0.4% Div
5 Years (avg.) +16.5% +0.4% Div

Risk & Analysis Metrics

Last updated: Nov 01, 2026

Volatility

20.73% 1 Year
18.27% 3 Years
18.66% 5 Years
20.77% 10 Years

Max Drawdown

-17.64% 1 Year
-17.64% 3 Years
-18.94% 5 Years
-44.30% 10 Years

Sharpe Ratio

-0.07 1 Year
1.00 3 Years
0.66 5 Years
0.57 10 Years

Return Triangle (Heatmap)

Last updated: Nov 01, 2026
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2011 -3.6% 4.5% 16.5% 15.8% 13.0% 13.9% 15.8% 12.5% 15.1% 13.2% 12.9% 12.5% 12.9% 13.7% 15.1%
2012 13.4% 28.1% 23.0% 17.6% 17.8% 19.4% 15.0% 17.7% 15.2% 14.7% 14.1% 14.3% 15.2% 16.6%
2013 44.8% 28.2% 19.1% 18.9% 20.7% 15.3% 18.3% 15.5% 14.9% 14.1% 14.4% 15.3% 16.8%
2014 13.5% 8.0% 11.4% 15.3% 10.1% 14.4% 11.8% 11.6% 11.2% 11.8% 13.0% 14.8%
2015 2.8% 10.3% 15.9% 9.3% 14.6% 11.5% 11.3% 10.9% 11.6% 12.9% 14.9%
2016 18.4% 23.1% 11.6% 17.7% 13.3% 12.8% 12.1% 12.7% 14.1% 16.2%
2017 28.0% 8.3% 17.5% 12.1% 11.7% 11.0% 12.0% 13.6% 15.9%
2018 -8.3% 12.5% 7.2% 8.0% 7.9% 9.5% 11.6% 14.5%
2019 38.2% 16.0% 14.0% 12.4% 13.4% 15.4% 18.2%
2020 -2.6% 3.6% 5.0% 8.0% 11.3% 15.2%
2021 10.2% 9.0% 11.8% 15.0% 19.1%
2022 7.8% 12.6% 16.7% 21.5%
2023 17.5% 21.4% 26.4%
2024 25.4% 31.0%
2025 36.9%

Distributions

*by ETF Portfolio Weight Last updated: Nov 01, 2026

Profit Margin Distribution

< 0%
2%
1y 3y N/A N/A
0 - 5%
2%
1y 3y N/A N/A
5 - 10%
55%
1y 3y N/A N/A
10 - 15%
13%
1y 3y N/A N/A
15 - 20%
22%
1y 3y N/A N/A
20 - 30%
5%
1y 3y N/A N/A
30 - 40%
0%
1y 3y N/A N/A
> 40%
1%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
3%
1y 3y N/A N/A
0 - 10
0%
1y 3y N/A N/A
10 - 15
2%
1y 3y N/A N/A
15 - 20
16%
1y 3y N/A N/A
20 - 25
16%
1y 3y N/A N/A
25 - 35
43%
1y 3y N/A N/A
35 - 50
9%
1y 3y N/A N/A
> 50
12%
1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation
N/A
Undervalued
> 60%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
15 - 30%
0%
1y 3y N/A N/A
Fair (&plusmn;15%)
0%
1y 3y N/A N/A
Overvalued
15 - 30%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
> 60%
0%
1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap
0.0%
1y 3y N/A N/A
Small Cap
0.4%
1y 3y N/A N/A
Mid Cap
8.0%
1y 3y N/A N/A
Large Cap
58.6%
1y 3y N/A N/A
Mega Cap
33.0%
1y 3y N/A N/A
Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Portfolio Concentration

*by ETF Portfolio Weight Last updated: Nov 01, 2026
37.1% Top 5 Holdings
59.9% Top 10 Holdings
99.6% Top 50 Holdings
100.0% Top 100 Holdings
Top 5 Companies
RTX Raytheon Technologies Corporation
9.1%
GE General Electric Co.
7.8%
BA Boeing Co.
7.5%
LMT Lockheed Martin Corp.
7.3%
GD General Dynamics Corp.
5.4%

Latest News

11 days ago • globenewswire.com

INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Former Spirit AeroSystems Investors Who Received Shares of The Boeing Company (NYSE: BA) in Connection with The Boeing Company's Merger with Spirit AeroSystems in December 2025 to Contact the Firm

SAN FRANCISCO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Girard Sharp LLP, a national investment, securities, and consumer class action firm, is investigat...
11 days ago • fool.com

Boeing: 3 Key Takeaways for Long-Term Investors

Boeing targets $2 billion of free cash flow in 2026. Boeing delayed 737 "rate 52" production speed to late 2027.
11 days ago • fool.com

Boeing's Backlog Grew to $745 Billion. The Question Remains How Fast It Can Fulfill It

The backlog grew by $30 billion in the quarter. Boeing's long-awaited 737 Max 10 model recently received certification from the Federal Aviation Ad...

Average metrics of all companies in portfolio

Last updated: Nov 01, 2026
Market
Average
Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares. $53.6T -
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price. 0.79% 1.23%
Beta Indicates the relationship between the price performance of a share and the market. 0.75 -
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 38.22 33.69
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything -131.31 -
Profitable Companies 96% -
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued. 49.44 12.63
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 5.22 5.86
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 9.1 6.36
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 30.51 9.18
Enterprise Value to Revenue Enterprise value divided by revenue 6.86 3.88
Total Debt to Enterprise Value Total debt divided by enterprise value 0.12 0.06
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary. 2.22 -0.65
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. 10.65% 25.00%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago. +17.0% +54.2%
Return on Equity Equity divided by market cap. 33.23% 24.61%
Return on Assets Indicates a company's profitability in relation to its total assets. 7.59% 15.56%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. 14.21% 26.06%

Sectors

Manufacturing 78.9%
Industrials 4.3%
Professional, Scientific, and Technical Services 4.0%
Information 1.2%
Educational Services 0.8%
Construction 0.3%
Technology 0.3%
Other 10.3%

Countries

United States 95.9%
Israel 3.0%
Canada 1.1%

Stock Screener

Select filters to narrow down the 53 investments below

53 companies

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%
Market Cap
P/E Ratio
Dividends Ratio of dividends in the last 12 months to current share price
Total Investment
Weight

RTX Corp

RTX - Manufacturing

RTX Corp

RTX - Manufacturing
Market Cap $372.87T
P/E Ratio 30.4
Dividends 1.5%
Total Investment $686.09M
Weight 8.30%

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GE Aerospace

GE - Manufacturing

GE Aerospace

GE - Manufacturing
Market Cap $335.38B
P/E Ratio 37.1
Dividends 0.5%
Total Investment $587.73M
Weight 7.11%

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Boeing Co.

BA - Manufacturing

Boeing Co.

BA - Manufacturing
Market Cap $132.35B
P/E Ratio 18.2
Dividends 0.0%
Total Investment $567.33M
Weight 6.87%

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Lockheed Martin Corp.

LMT - Manufacturing

Lockheed Martin Corp.

LMT - Manufacturing
Market Cap $202.18T
P/E Ratio 20.1
Dividends 2.4%
Total Investment $548.67M
Weight 6.64%

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General Dynamics Corp.

GD - Manufacturing

General Dynamics Corp.

GD - Manufacturing
Market Cap $87.65B
P/E Ratio 20.5
Dividends 1.8%
Total Investment $410.13M
Weight 4.96%

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Northrop Grumman Corp.

NOC - Manufacturing

Northrop Grumman Corp.

NOC - Manufacturing
Market Cap $67.01B
P/E Ratio 16.5
Dividends 1.8%
Total Investment $392.73M
Weight 4.75%

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Howmet Aerospace Inc

HWM - Manufacturing

Howmet Aerospace Inc

HWM - Manufacturing
Market Cap $73.7B
P/E Ratio 40.1
Dividends 0.3%
Total Investment $369.77M
Weight 4.48%

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Honeywell Aerospace Inc

HONA - Industrials

Honeywell Aerospace Inc

HONA - Industrials
Market Cap $67.89B
P/E Ratio 25.5
Dividends 0.0%
Total Investment $338.34M
Weight 4.09%

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L3Harris Technologies Inc

LHX - Manufacturing

L3Harris Technologies Inc

LHX - Manufacturing
Market Cap $43.55B
P/E Ratio 24.1
Dividends 1.9%
Total Investment $316.45M
Weight 3.83%

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Parker-Hannifin Corp.

PH - Manufacturing

Parker-Hannifin Corp.

PH - Manufacturing
Market Cap $116.15B
P/E Ratio 31.1
Dividends 0.8%
Total Investment $305.07M
Weight 3.69%

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Elbit Systems Ltd.

ESLT - Manufacturing

Elbit Systems Ltd.

ESLT - Manufacturing
Market Cap $101.44B
P/E Ratio 49.3
Dividends 0.5%
Total Investment $288.59M
Weight 3.49%

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Axon Enterprise Inc

AXON - Manufacturing

Axon Enterprise Inc

AXON - Manufacturing
Market Cap $25.52B
P/E Ratio 97.5
Dividends 0.0%
Total Investment $264.21M
Weight 3.20%

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Amphenol Corp. - Ordinary Shares - Class A

APH - Manufacturing

Amphenol Corp. - Ordinary Shares - Class A

APH - Manufacturing
Market Cap $54.52B
P/E Ratio 31.0
Dividends 0.7%
Total Investment $208.19M
Weight 2.52%

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Curtiss-Wright Corp.

CW - Manufacturing

Curtiss-Wright Corp.

CW - Manufacturing
Market Cap $17.12B
P/E Ratio 30.8
Dividends 0.2%
Total Investment $139.95M
Weight 1.69%

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Heico Corp.

HEI - Manufacturing

Heico Corp.

HEI - Manufacturing
Market Cap $40.91B
P/E Ratio 54.7
Dividends 0.1%
Total Investment $135.88M
Weight 1.64%

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Carpenter Technology Corp.

CRS - Manufacturing

Carpenter Technology Corp.

CRS - Manufacturing
Market Cap $13.79B
P/E Ratio 24.4
Dividends 0.3%
Total Investment $133M
Weight 1.61%

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ATI Inc

ATI - Manufacturing

ATI Inc

ATI - Manufacturing
Market Cap $23.88B
P/E Ratio 43.1
Dividends 0.0%
Total Investment $128.91M
Weight 1.56%

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Woodward Inc

WWD - Manufacturing

Woodward Inc

WWD - Manufacturing
Market Cap $18.74B
P/E Ratio 34.3
Dividends 0.4%
Total Investment $106.51M
Weight 1.29%

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Palantir Technologies Inc - Ordinary Shares - Class A

PLTR - Information

Palantir Technologies Inc - Ordinary Shares - Class A

PLTR - Information
Market Cap $27.75B
P/E Ratio 104.8
Dividends 0.0%
Total Investment $101.25M
Weight 1.23%

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Huntington Ingalls Industries Inc

HII - Manufacturing

Huntington Ingalls Industries Inc

HII - Manufacturing
Market Cap $11.36B
P/E Ratio 15.5
Dividends 1.9%
Total Investment $95.23M
Weight 1.15%

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