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VISvsPPAETF Comparison

ETF 1

VIS

Vanguard Industrials ETF

This fund is part of

US Industrials

-0.79%

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. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Materials. VIS is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.58% for PPA. VIS is up 12.88% year-to-date (YTD) with +$493M in YTD flows. PPA performs worse with 6.03% YTD performance, and +$716M 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 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VIS PPA	+6.11%-1.64%	+5.38%-5.25%	+12.88%+6.03%	+38.88%+40.62%	+83.79%+108.01%	+83.35%+130.09%
Flows	VIS PPA	+$104M+$99M	+$365M+$577M	+$493M+$716M	+$810M+$1.43B	+$892M+$2.97B	-$307M+$4.02B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VIS PPA	+20.90%+23.63%	+16.22%+18.21%	+17.11%+17.53%	+18.44%+18.26%
Max drawdown	VIS PPA	-12.25%-13.68%	-12.25%-13.68%	-20.58%-15.16%	-23.03%-18.41%
Max drawdown duration	VIS PPA	53d53d	53d53d	213d171d	584d227d

Trading data

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	VIS	PPA
Last sale 4/27/2026 at 1:30 PM	$336.15	$165.81
Previous close 04/24/2026	$336.01	$166.07
Consolidated volume 04/24/2026
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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	VIS	PPA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	VIS	PPA
Last price	$336.15	$165.81
1D performance	+0.04%	-0.16%
AuM	$7.66 B	$7.94 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	350	51
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

92.63%

Other

7.37%

PPA

USA

93.85%

Other

6.15%

Sectors

VIS

Industrials

88.7%

Other

11.3%

PPA

Industrials

87.55%

Other

12.45%

Diversification

VIS

Total weight of top 15 holdings out of 15

38.23%

PPA

Total weight of top 15 holdings out of 15

72.93%

Top 15 holdings

Data as of March 31, 2026

VIS

CATERPILLAR

5.09%

GENERAL ELECTRIC

4.59%

RAYTHEON TECHNOLOGIES CORPORD

3.97%

US36828A1016

3.64%

BOEING U

2.39%

DEERE

2.22%

HONEYWELL INTL

2.20%

UBER TECHNOLOGIES INC

2.18%

EATON CORP PLC

2.13%

LOCKHEED MARTIN

1.93%

UNION PACIFIC U

1.89%

PARKER HANNIFIN

1.73%

WASTE MANAGEMENT

1.42%

NORTHROP GRUMMAN

1.42%

TRANE TECHNOLOGIES PLC

1.42%

PPA

LOCKHEED MARTIN

9.36%

RAYTHEON TECHNOLOGIES CORPORD

8.76%

GENERAL ELECTRIC

7.70%

BOEING U

7.53%

NORTHROP GRUMMAN

6.36%

GENERAL DYNAMICS

5.21%

L3 HARRIS TECHNOLOGIES

4.52%

HONEYWELL INTL

4.43%

HOWMET AEROSPACE INC

4.26%

ELBIT SYSTEMS

3.57%

PARKER HANNIFIN

3.20%

TRANSDIGM GROUP

2.41%

AMPHENOL

2.28%

EATON CORP PLC

1.84%

CURTISS WRIGHT

1.49%

Frequently asked questions about VIS and PPA

How have the VIS and PPA ETFs performed in 2026?

As of April 24, 2026, VIS is up 12.88% year-to-date (YTD), while PPA has returned 6.03%. 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 +$493M in flows, compared to +$716M for PPA.

Which ETF is more volatile: VIS or PPA?

Over the past year, VIS had a volatility of 16.22%, while PPA experienced 18.21%.

Which ETF is bigger: VIS or PPA?

As of April 24, 2026, VIS holds $7.66 B in assets under management (AUM), while PPA manages $7.94 B.

What sectors do the VIS and PPA ETFs invest in?

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

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

VIS top holdings include CATERPILLAR, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

VISvsPPAETF Comparison

Vanguard Industrials ETF

Invesco Aerospace & Defense ETF

VIS vs PPA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the VIS and PPA ETFs performed in 2026?

As of April 24, 2026, VIS is up 12.88% year-to-date (YTD), while PPA has returned 6.03%. 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 +$493M in flows, compared to +$716M for PPA.

Which ETF is more volatile: VIS or PPA?

Over the past year, VIS had a volatility of 16.22%, while PPA experienced 18.21%.

Which ETF is bigger: VIS or PPA?

As of April 24, 2026, VIS holds $7.66 B in assets under management (AUM), while PPA manages $7.94 B.

What sectors do the VIS and PPA ETFs invest in?

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

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

VIS top holdings include CATERPILLAR, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

Which ETF is more diversified: VIS or PPA?

VIS holds 386 securities with 38.23% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.93%.

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