VAWvsPYZETF Comparison
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Vanguard Materials ETF (VAW) and Invesco DWA Basic Materials Momentum ETF (PYZ) belong to the same industry segment: US Materials. Both ETFs have the same top 3 sector exposures: and Materials. VAW is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.78% for PYZ. VAW is up 12.42% year-to-date (YTD) with -$80M in YTD flows. PYZ performs better with 14.84% YTD performance, and +$14M in YTD flows. Run a side-by-side ETF comparison of VAW and PYZ 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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VAW vs PYZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VAW PYZ | +5.54%+10.32% | +1.10%-1.94% | +12.42%+14.84% | +28.70%+53.55% | +38.51%+58.76% | +38.87%+51.29% |
| Flows | VAW PYZ | +$62M- | +$57M+$6M | -$80M+$14M | +$22M+$26M | -$500M-$81M | -$776M-$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VAW PYZ | +21.46%+32.32% | +17.13%+24.67% | +17.51%+22.52% | +19.69%+25.58% |
| Max drawdown | VAW PYZ | -13.41%-17.60% | -13.41%-17.60% | -23.20%-26.82% | -25.44%-33.01% |
| Max drawdown duration | VAW PYZ | 58d57d | 58d57d | 430d233d | 679d1184d |
Trading data
VAW | PYZ | |
Last sale 4/29/2026 at 1:30 PM | $229.57 | $124.89 |
| Previous close 04/28/2026 | $232.37 | $126.20 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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VAW | PYZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
VAW | PYZ | |
|---|---|---|
| Last price | $229.57 | $124.89 |
| 1D performance | -1.20% | -1.04% |
| AuM | $3.08 B | $100.99 M |
| E/R | 0.09% | 0.78% |
Characteristics
VAW | PYZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | MSCI US IMI Materials 25/50 Index | Dorsey Wright Basic Materials Technical Leaders Index |
| N° of holdings | 98 | 43 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 26, 2004 | October 12, 2006 |
| ESG | No | No |
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Exposure
Countries
VAW
USA
72.51%
Ireland
21.11%
Other
6.38%
PYZ
USA
97.6%
Other
2.4%
Sectors
VAW
Materials
77.69%
Other
22.31%
PYZ
Materials
90.53%
Other
9.47%
Diversification
VAW
Total weight of top 15 holdings out of 15
64.3%
PYZ
Total weight of top 15 holdings out of 15
55.93%
Top 15 holdings
Data as of March 31, 2026
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%
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%
Frequently asked questions about VAW and PYZ
How have the VAW and PYZ ETFs performed in 2026?
As of April 28, 2026, VAW is up 12.42% year-to-date (YTD), while PYZ has returned 14.84%. That puts PYZ better performer ahead so far this year.
Which ETF is attracting more investor money: VAW or PYZ?
Year-to-date, the VAW ETF saw -$80M in flows, compared to +$14M for PYZ.
Which ETF is more volatile: VAW or PYZ?
Over the past year, VAW had a volatility of 17.13%, while PYZ experienced 24.67%.
Which ETF is bigger: VAW or PYZ?
As of April 28, 2026, VAW holds $3.08 B in assets under management (AUM), while PYZ manages $100.99 M.
What sectors do the VAW and PYZ ETFs invest in?
VAW leans toward sectors like Materials. Meanwhile, PYZ focuses on Materials.
What are the top holdings of the VAW ETF and PYZ ETF?
VAW top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. PYZ holds in its top three: CARPENTER TECHNOLOGY, ATI INC and NEWMONT CORP.
Which ETF is more diversified: VAW or PYZ?
VAW holds 112 securities with 64.3% of its assets in the top 15. PYZ has 46 securities and a top 15 weight of 55.93%.
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Latest news about VAW & PYZ
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
December 1, 2023
VAW
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