PYZvsVAWETF Comparison
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Invesco DWA Basic Materials Momentum ETF (PYZ) and Vanguard Materials ETF (VAW) belong to the same industry segment: US Materials. PYZ's top 3 sector exposures are Materials and Energy. In contrast, VAW's top sector exposures are Materials PYZ is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.09% for VAW. PYZ is up 16.68% year-to-date (YTD) with +$14M in YTD flows. VAW performs worse with 12.09% YTD performance, and -$80M in YTD flows. Run a side-by-side ETF comparison of PYZ and VAW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PYZ vs VAW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PYZ VAW | +5.22%+1.52% | +5.35%+2.49% | +16.68%+12.09% | +55.93%+27.29% | +61.94%+38.23% | +53.04%+36.95% |
| Flows | PYZ VAW | -+$62M | +$6M+$44M | +$14M-$80M | +$27M+$26M | -$81M-$500M | -$15M-$803M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PYZ VAW | +31.18%+21.13% | +24.83%+17.19% | +22.55%+17.52% | +25.58%+19.68% |
| Max drawdown | PYZ VAW | -17.60%-13.41% | -17.60%-13.41% | -26.82%-23.20% | -33.01%-25.44% |
| Max drawdown duration | PYZ VAW | 60d61d | 60d61d | 233d430d | 1184d679d |
Trading data
PYZ | VAW | |
Last sale 5/1/2026 at 1:30 PM | $128.33 | $231.85 |
| Previous close 05/01/2026 | $128.49 | $232.32 |
| Consolidated volume 05/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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PYZ | VAW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
PYZ | VAW | |
|---|---|---|
| Last price | $128.33 | $231.85 |
| 1D performance | -0.12% | -0.20% |
| AuM | $102.62 M | $3.07 B |
| E/R | 0.78% | 0.09% |
Characteristics
PYZ | VAW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | Dorsey Wright Basic Materials Technical Leaders Index | MSCI US IMI Materials 25/50 Index |
| N° of holdings | 43 | 98 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2006 | January 26, 2004 |
| ESG | No | No |
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Exposure
Countries
PYZ
USA
97.6%
Other
2.4%
VAW
USA
72.51%
Ireland
21.11%
Other
6.38%
Sectors
PYZ
Materials
90.53%
Other
9.47%
VAW
Materials
77.69%
Other
22.31%
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Diversification
PYZ
Total weight of top 15 holdings out of 15
55.93%
VAW
Total weight of top 15 holdings out of 15
64.3%
Top 15 holdings
Data as of March 31, 2026
PYZ
CARPENTER TECHNOLOGY
5.47%
ATI INC
4.55%
NEWMONT CORP
4.37%
ALBEMARLE
4.30%
HECLA MINING
4.14%
CORTEVA INC
3.80%
URANIUM ENERGY
3.80%
ALCOA CORP
3.67%
ROYAL GOLD
3.65%
CENTURY ALUMINUM
3.31%
MP MATERIALS CORPORATION
3.22%
FREEPORT-MCMORAN INC
3.08%
DUPONT DE NEMOURS INC
2.98%
COEUR MINING INC
2.82%
STEEL DYNAMICS
2.78%
VAW
IE000S9YS762
15.14%
NEWMONT CORP
7.73%
FREEPORT-MCMORAN INC
5.52%
SHERWIN WILLIAMS
4.94%
CRH PLC
4.61%
ECOLAB
4.44%
AIR PRODUCTS AND CHEMICALS
4.05%
CORTEVA INC
3.70%
NUCOR
2.53%
VULCAN MATERIALS
2.35%
MARTIN MARIETTA
2.32%
DOW INC
1.94%
CH1430134226
1.82%
STEEL DYNAMICS
1.63%
PPG INDUSTRIES
1.57%
Frequently asked questions about PYZ and VAW
How have the PYZ and VAW ETFs performed in 2026?
As of May 1, 2026, PYZ is up 16.68% year-to-date (YTD), while VAW has returned 12.09%. That puts PYZ better performer ahead so far this year.
Which ETF is attracting more investor money: PYZ or VAW?
Year-to-date, the PYZ ETF saw +$14M in flows, compared to -$80M for VAW.
Which ETF is more volatile: PYZ or VAW?
Over the past year, PYZ had a volatility of 24.83%, while VAW experienced 17.19%.
Which ETF is bigger: PYZ or VAW?
As of May 1, 2026, PYZ holds $102.62 M in assets under management (AUM), while VAW manages $3.07 B.
What sectors do the PYZ and VAW ETFs invest in?
PYZ leans toward sectors like Materials. Meanwhile, VAW focuses on Materials.
What are the top holdings of the PYZ ETF and VAW ETF?
PYZ top holdings include CARPENTER TECHNOLOGY, ATI INC and NEWMONT CORP. VAW holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.
Which ETF is more diversified: PYZ or VAW?
PYZ holds 46 securities with 55.93% of its assets in the top 15. VAW has 112 securities and a top 15 weight of 64.3%.
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Latest news about PYZ & VAW
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
December 1, 2023
VAW
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