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VAWvsPYZETF Comparison
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 7.21% year-to-date (YTD) with -$116M in YTD flows. PYZ performs worse with 6.62% 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.
VAW vs PYZ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VAW PYZ | -7.88%-8.67% | +7.89%+6.89% | +7.21%+6.62% | +20.77%+39.69% | +36.89%+47.01% | +41.81%+45.40% |
| Flows | VAW PYZ | -$8M+$5M | -$136M+$13M | -$116M+$14M | -$166M+$26M | -$606M-$88M | -$535M+$7M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VAW PYZ | +19.35%+29.87% | +21.06%+27.33% | +17.50%+22.43% | +19.64%+25.69% |
| Max drawdown | VAW PYZ | -8.85%-11.84% | -14.66%-17.37% | -23.20%-26.82% | -25.44%-33.01% |
| Max drawdown duration | VAW PYZ | 12d11d | 57d57d | 430d233d | 679d1184d |
VAW | PYZ | |
Last sale 3/13/2026 at 1:30 PM | $222.36 | $117.28 |
| Previous close 03/12/2026 | $225.04 | $120.39 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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VAW | PYZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
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VAW | PYZ | |
|---|---|---|
| Last price | $222.36 | $117.28 |
| 1D performance | -1.19% | -2.58% |
| AuM | $2.92 B | $93.87 M |
| E/R | 0.09% | 0.78% |
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 | 99 | 43 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 26, 2004 | October 12, 2006 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the VAW and PYZ ETFs performed in 2026?
As of March 13, 2026, VAW is up 7.21% year-to-date (YTD), while PYZ has returned 6.62%. That puts VAW better performer ahead so far this year.
Which ETF is attracting more investor money: VAW or PYZ?
Year-to-date, the VAW ETF saw -$116M in flows, compared to +$14M for PYZ.
Which ETF is more volatile: VAW or PYZ?
Over the past year, VAW had a volatility of 21.06%, while PYZ experienced 27.33%.
Which ETF is bigger: VAW or PYZ?
As of March 13, 2026, VAW holds $2.92 B in assets under management (AUM), while PYZ manages $93.87 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: HECLA MINING, NEWMONT CORP and URANIUM ENERGY.
Which ETF is more diversified: VAW or PYZ?
VAW holds 113 securities with 64.9% of its assets in the top 15. PYZ has 46 securities and a top 15 weight of 56.32%.
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
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