PPA
Generally safe
Limited data
ETF Comparison
PPA vs XSPC: Which Is the Better Pick in 2026?
A head-to-head comparison of Invesco Aerospace & Defense ETF and VegaShares SpaceX & Beyond Earth ETF covering yield, cost, risk, and income potential.
Updated November 6, 2026
No track record yet. XSPC launched within the last six months. The forward distribution rate is left blank until a payout is published.
How these figures are calculated: methodology.
Price and total return
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Distribution Safety Score
An estimate of distribution reliability, not price or principal safety, a probability, or a guarantee. Score methodology.
XSPC
Not rated
No published distribution safety rating is available.
Score snapshot as of . Method 1.11.
Side-by-side snapshot
| Metric |  PPA |  XSPC |
|---|---|---|
| Full name | Invesco Aerospace & Defense ETF | VegaShares SpaceX & Beyond Earth ETF |
| Issuer | Invesco | VegaShares |
| Last Close | $153.19 as of November 6, 2026 | $16.79 as of November 6, 2026 |
| Distribution rate | 0.43% | — |
| Trailing 12-month yield | 0.43% | — |
| Distribution Safety Score™ | 68 | — |
| Safety-Adjusted Yield | 0.29% | — |
| Expense ratio | 0.58% | 0.75% |
| AUM | $7.67B | $1.75M |
| Distribution frequency | Quarterly | None |
| Underlying index | — | — |
| Objective | — | Provide exposure to the fund's underlying index or strategy per issuer materials. |
| Asset class | Equity | Equity |
| Inception date | 10/26/2005 | 06/15/2026 |
| Beta | 0.89 | — |
| Last dividend | $0.479 | — |
| Ex-dividend date | 09/21/2026 | — |
— Distribution rate, Safety-Adjusted Yield, last dividend, and ex-dividend date are not yet available because XSPC launched June 2026; these fields will populate after the first distribution.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
PPA has outpaced XSPC over the year to date, posting a -3.27% total return against -39.49%. PPA has been the steadier holding, though — annualized volatility of 20.6% against 53.4% for XSPC. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD cumulative | Since Jun 2026 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|
| PPA | -3.27% | -14.18% | 20.6% | -2.08 | -2.59 | -18.2% |
| XSPC | -39.49% | -39.49% | 53.4% | -2.50 | -3.13 | -39.5% |
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of November 5, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jun 2026” measures every fund from June 16, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Jun 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Jun 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Not a distribution payer
XSPC (VegaShares SpaceX & Beyond Earth ETF) has no distribution rate on file and its distribution frequency is None. XSPC is not a payer. The blank yield is not a zero yield.
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Bottom lineWe won't call this one: XSPC launched June 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
ETFs248
Total AUM$971B
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.
See our curated list of related YouTube videos on PPA.
ETFs7
Total AUM$79.0M
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares specializes in options-based and thematic ETFs designed to generate income and capitalize on emerging trends. The issuer's lineup spans income-focused strategies, including covered call funds, alongside thematic offerings that target specific market segments and innovation themes. VegaShares serves investors seeking alternative approaches to traditional equity exposure, with a concentrated portfolio of strategically named funds addressing both income generation and sector-specific growth opportunities.
See our curated list of related YouTube videos on XSPC.
Quick verdict
PPA (Invesco Aerospace & Defense ETF) and XSPC (VegaShares SpaceX & Beyond Earth ETF) are both ETFs, but they take different approaches.
PPA currently shows a 0.43% distribution yield. XSPC has not yet established a full distribution history, so a comparable yield figure is not available.
PPA is cheaper with an expense ratio of 0.58% compared to 0.75%.
PPA has $7.67B in assets vs $1.75M for XSPC, but XSPC only launched June 2026 — AUM comparisons will become more meaningful as it builds a track record.
Top-holdings overlap
Positions that appear in every fund's top 10. Issuers disclose only the largest weights, so this captures the overlap of the concentrated end of each book — not the full portfolios.
0 shared positions
PPA 0.0% of its top-10 weight
XSPC 0.0% of its top-10 weight
No overlap among the top-10 disclosed holdings of PPA, XSPC. These funds draw from largely different positions at the top of their books.
Deep dive
Yield & income
On a $10,000 investment at current distribution rates, PPA would pay about $43.00 a year (about $10.75 per quarterly distribution), while XSPC has no reported distribution yield yet, so a cash estimate is not available.
PPA yield0.43%
XSPC yield—
Cost & efficiency
Over 10 years on $10,000, PPA would cost approximately $580 in fees vs $750 for XSPC (simplified, not compounded). The $170.00 difference may be offset by yield or performance.
PPA ER0.58%
XSPC ER0.75%
Strategy & risk
PPA is an ETF built around industrials exposure, while XSPC is an ETF built around a thematic strategy.
PPA beta0.89
XSPC beta—
Fund details
PPA is managed by Invesco (launched 10/26/2005) with $7.67B in assets. XSPC is managed by VegaShares (launched 06/15/2026) with $1.75M in assets.
PPA AUM$7.67B
XSPC AUM$1.75M
Frequently asked questions
Which of PPA or XSPC pays more dividend income?
PPA currently reports a distribution yield, while XSPC has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between PPA and XSPC?
PPA (Invesco Aerospace & Defense ETF) is an ETF built around industrials exposure, while XSPC (VegaShares SpaceX & Beyond Earth ETF) is an ETF built around a thematic strategy. They are issued by Invesco and VegaShares respectively.
Can I hold both PPA and XSPC?
Yes. Their disclosed top-10 holdings share no positions, so combining both spreads your money across different underlying names — see the holdings-overlap section above for the details. Overlap outside the disclosed top 10 can still exist.
Which has lower fees, PPA or XSPC?
PPA has an expense ratio of 0.58% while XSPC charges 0.75%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in PPA vs XSPC generate?
At current distribution rates, $10,000 in PPA would pay about $43.00 a year (about $10.75 per quarterly distribution). XSPC does not pay distributions, so there is no cash income to estimate.
Which has performed better historically, PPA or XSPC?
PPA has outpaced XSPC over the year to date, posting a -3.27% total return against -39.49%. PPA has been the steadier holding, though — annualized volatility of 20.6% against 53.4% for XSPC. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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PPA vs XSPC — at a glance
Generated October 31, 2026.
Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Overview
PPA and XSPC both offer equity exposure to the space industry, but they approach it very differently. PPA is a large, established aerospace-and-defense fund that includes traditional defense contractors and established space suppliers. XSPC is a newer, thematic ETF focused specifically on space exploration and related technologies, with a much narrower mandate and a tiny asset base.
How they differ
The biggest difference is scope and vintage. PPA has $7.67B in assets and 21 years of history, tracking mature aerospace and defense companies. XSPC launched 06/15/2026, carries only $1.75M, and focuses narrowly on space exploration—a more speculative segment within the broader industry. PPA charges 0.58% in fees; XSPC charges 0.75%, a 17-basis-point premium despite its microscopic scale.
Who each is best for
- PPA: Fits investors seeking broad exposure to aerospace and defense as a diversified industrial sector, with an established track record and modest income generation from quarterly distributions.
- XSPC: Fits investors with a concentrated conviction in the commercial space industry and the specific companies pursuing orbital and deep-space ventures, accepting illiquidity and extreme early-stage fund risk. Bid-ask spreads and trading costs are likely material; redemptions or market stress could force manager decisions that significantly affect remaining holders.
- New-fund operational risk: XSPC launched 06/15/2026 and has no performance track record. The fund's viability, index methodology, and manager execution are unproven; closure or forced restructuring is a real possibility for funds at this scale.
- Thematic concentration in XSPC: The fund's narrow focus on commercial space exploration means it lacks diversification across sectors, geographies, or business models. A downturn in space venture funding or regulatory obstacles could hit the portfolio uniformly.
- Sector-specific demand risk: Both funds depend on aerospace and defense demand. XSPC's exposure to early-stage space companies adds technology and commercialization risk on top of sector cyclicality. If you're betting on commercial space as a transformative growth story and can tolerate illiquidity, tracking error, and the risk of fund closure, XSPC offers a more concentrated play—but at the cost of execution risk and expense-ratio headwinds that dwarf any cost benefit. Past performance does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
These comparisons follow the Dividend Vision methodology.