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VISvsPPAETF Comparison

ETF 1

VIS

Vanguard Industrials ETF

This fund is part of

US Industrials

-1.25%

Full VIS fund page

VS

ETF 2

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

Vanguard Industrials ETF (VIS) belongs to the US Industrials segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. VIS's top 3 sector exposures are Industrials, Business Services and Non-Energy Materials. In contrast, PPA's top sector exposures are Industrials, Technology and Business Services. VIS is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.58% for PPA. VIS is up 6.26% year-to-date (YTD) with +$924M in YTD flows. PPA performs worse with -1.33% YTD performance, and +$656M in YTD flows. Run a side-by-side ETF comparison of VIS and PPA 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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VIS vs PPA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VIS PPA	-3.63%-3.54%	-9.79%-11.42%	+6.26%-1.33%	+6.29%-2.41%	+73.73%+95.36%	+66.46%+111.01%
Flows	VIS PPA	-$261M-$28M	+$111M+$41M	+$924M+$656M	+$938M+$718M	+$1.10B+$2.72B	+$150M+$4.00B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VIS PPA	+15.52%+18.01%	+18.18%+21.21%	+17.58%+18.64%	+18.64%+18.84%
Max drawdown	VIS PPA	-12.10%-17.14%	-12.49%-17.34%	-20.58%-17.34%	-23.03%-18.41%
Max drawdown duration	VIS PPA	68d68d	115d235d	213d235d	584d227d

Trading data

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	VIS	PPA
Last sale 10/23/2026 at 1:30 PM	$314.80	$154.03
Previous close 10/23/2026	$318.48	$154.53
Consolidated volume 10/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	VIS	PPA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	VIS	PPA
Last price	$314.80	$154.03
1D performance	-1.16%	-0.32%
AuM	$7.57 B	$7.28 B
E/R	0.09%	0.58%

Characteristics

	VIS	PPA
Management strategy	Passive	Passive
Provider	Vanguard	Invesco
Benchmark	MSCI US IMI Industrials 25/50 Index	SPADE Defense Index
N° of holdings	395	61
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 23, 2004	October 26, 2005
ESG	No	No

More VIS data on Trackinsight

More PPA data on Trackinsight

Exposure

Countries

VIS

USA

92.88%

Other

7.12%

PPA

USA

93.91%

Other

6.09%

Sectors

VIS

Industrials

83.13%

Business Services

7.92%

Other

8.95%

PPA

Industrials

86.69%

Other

13.31%

Diversification

VIS

Total weight of top 15 holdings out of 15

37.86%

PPA

Total weight of top 15 holdings out of 15

68.17%

Top 15 holdings

Data as of August 31, 2026

VIS

Caterpillar, Inc.

5.27%

GE Aerospace

4.99%

RTX Corp.

4.01%

GE Vernova, Inc.

3.46%

Deere & Co.

2.28%

Eaton Corp. Plc

2.24%

The Boeing Co.

2.23%

Union Pacific Corp.

2.21%

Uber Technologies, Inc.

1.93%

Parker-Hannifin Corp.

1.77%

Lockheed Martin Corp.

1.67%

Automatic Data Processing, Inc.

1.64%

Trane Technologies Plc

1.41%

Howmet Aerospace, Inc.

1.41%

Vertiv Holdings Co.

1.35%

PPA

RTX Corp.

8.32%

GE Aerospace

6.88%

The Boeing Co.

6.78%

Lockheed Martin Corp.

6.56%

General Dynamics Corp.

5.00%

Northrop Grumman Corp.

4.86%

Howmet Aerospace, Inc.

4.31%

Parker-Hannifin Corp.

3.89%

Axon Enterprise, Inc.

3.77%

L3Harris Technologies, Inc.

3.68%

Honeywell Aerospace, Inc.

3.24%

Elbit Systems Ltd.

3.16%

TransDigm Group, Inc.

2.97%

Amphenol Corp.

2.57%

Eaton Corp. Plc

2.19%

Frequently asked questions about VIS and PPA

VISvsPPAETF Comparison

Vanguard Industrials ETF

Invesco Aerospace & Defense ETF

VIS vs PPA performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the VIS and PPA ETFs performed in 2026?

As of October 23, 2026, VIS is up 6.26% year-to-date (YTD), while PPA has lost -1.33%. That puts VIS better performer ahead so far this year.

Which ETF is attracting more investor money: VIS or PPA?

Year-to-date, the VIS ETF saw +$924M in flows, compared to +$656M for PPA.

Which ETF is more volatile: VIS or PPA?

Over the past year, VIS had a volatility of 18.18%, while PPA experienced 21.21%.

Which ETF is bigger: VIS or PPA?

As of October 23, 2026, VIS holds $7.57 B in assets under management (AUM), while PPA manages $7.28 B.

What sectors do the VIS and PPA ETFs invest in?

VIS leans toward sectors like Industrials and Business Services. Meanwhile, PPA focuses on Industrials.

What are the top holdings of the VIS ETF and PPA ETF?

VIS top holdings include Caterpillar, Inc., GE Aerospace and RTX Corp.. PPA holds in its top three: RTX Corp., GE Aerospace and The Boeing Co..

Which ETF is more diversified: VIS or PPA?

VIS holds 396 securities with 37.86% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 68.17%.

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