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VISvsPPAETF Comparison

ETF 1
VIS

Vanguard Industrials ETF

This fund is part of
US Industrials
-0.57%
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 9.65% year-to-date (YTD) with +$330M in YTD flows. PPA performs better with 14.09% YTD performance, and +$551M 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

-4.0-2.00.02.04.06.0%Feb 10Feb 18Feb 25Mar 4

Cumulative Flows

0 M100 M200 M300 MFeb 10Feb 18Feb 25Mar 4

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Historic performance and flows
Data as of 03/10/2026
1M3MYTD1Y3Y5Y
Perf.
VIS
PPA
-2.94%+1.75%
+8.75%+17.23%
+9.65%+14.09%
+32.47%+57.03%
+81.86%+130.07%
+88.80%+161.92%
Flows
VIS
PPA
+$190M+$309M
+$338M+$624M
+$330M+$551M
+$360M+$1.20B
+$641M+$2.82B
-$127M+$3.86B
Volatility and drawdown
3M1Y3Y5Y
Volatility
VIS
PPA
+17.36%+21.94%
+20.10%+21.15%
+16.82%+17.07%
+18.19%+17.95%
Max drawdown
VIS
PPA
-5.41%-6.13%
-13.66%-13.09%
-20.58%-15.16%
-23.03%-18.41%
Max drawdown duration
VIS
PPA
8d30d
43d34d
213d171d
584d227d
Trading data

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VIS
PPA
Last sale
3/11/2026 at 1:30 PM
$326.65
$177.99
Previous close
03/10/2026
$327.19
$178.70
Consolidated volume
03/10/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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
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Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
VIS
PPA
Last price
$326.65
$177.99
1D performance
-0.17%
-0.40%
AuM$7.30 B$8.37 B
E/R0.09%0.58%
Characteristics
VIS
PPA
Management strategyPassivePassive
ProviderVanguardInvesco
BenchmarkMSCI US IMI Industrials 25/50 IndexSPADE Defense Index
N° of holdings35351
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateSeptember 23, 2004October 26, 2005
ESGNoNo
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Exposure

Countries

VIS
USA
92.75%
Other
7.25%
PPA
USA
94.79%
Other
5.21%

Sectors

VIS
Industrials
88.75%
Other
11.25%
PPA
Industrials
87.02%
Other
12.98%
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Diversification

VIS

Total weight of top 15 holdings out of 15

37.54%
PPA

Total weight of top 15 holdings out of 15

71.65%

Top 15 holdings

Data as of January 31, 2026
VIS
GENERAL ELECTRIC
4.86%
CATERPILLAR
4.60%
RAYTHEON TECHNOLOGIES CORPORD
4.01%
US36828A1016
2.95%
BOEING U
2.72%
UBER TECHNOLOGIES INC
2.37%
HONEYWELL INTL
2.16%
EATON CORP PLC
2.04%
DEERE
2.02%
LOCKHEED MARTIN
1.99%
UNION PACIFIC U
1.77%
PARKER HANNIFIN
1.77%
AUTOMATIC DATA PROCESSING
1.49%
NORTHROP GRUMMAN
1.41%
TRANE TECHNOLOGIES PLC
1.40%
PPA
BOEING U
9.21%
RAYTHEON TECHNOLOGIES CORPORD
8.40%
LOCKHEED MARTIN
8.28%
GENERAL ELECTRIC
7.53%
NORTHROP GRUMMAN
5.80%
GENERAL DYNAMICS
5.12%
L3 HARRIS TECHNOLOGIES
4.37%
HONEYWELL INTL
4.11%
HOWMET AEROSPACE INC
3.77%
PARKER HANNIFIN
3.15%
TRANSDIGM GROUP
2.85%
ELBIT SYSTEMS
2.73%
AMPHENOL
2.69%
AXON ENTERPRISE INC
1.83%
US7731211089
1.78%
Frequently asked questions about VIS and PPA

How have the VIS and PPA ETFs performed in 2026?

As of March 10, 2026, VIS is up 9.65% year-to-date (YTD), while PPA has returned 14.09%. That puts PPA better performer ahead so far this year.

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

Year-to-date, the VIS ETF saw +$330M in flows, compared to +$551M for PPA.

Which ETF is more volatile: VIS or PPA?

Over the past year, VIS had a volatility of 20.1%, while PPA experienced 21.15%.

Which ETF is bigger: VIS or PPA?

As of March 10, 2026, VIS holds $7.30 B in assets under management (AUM), while PPA manages $8.37 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 GENERAL ELECTRIC, CATERPILLAR and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: BOEING U, RAYTHEON TECHNOLOGIES CORPORD and LOCKHEED MARTIN.

Which ETF is more diversified: VIS or PPA?

VIS holds 389 securities with 37.54% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 71.65%.

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