Defense ETFs SHLD and PPA offer different bets on military budgets and tech trends.

The Global X Defense Tech ETF (SHLD) and the Invesco Aerospace & Defense ETF (PPA) both target rising military budgets but with distinct strategies. SHLD focuses on international defense leaders and emerging tech like drones and AI, betting on allied rearmament outside the US. PPA centers on US defense primes and commercial aerospace, aligned with the growing US defense budget. PPA has outperformed recently with a longer track record, while SHLD appeals to investors bullish on European and tech-driven defense growth. The choice depends on preference for US-centric stability versus international and tech innovation exposure.