IYJ vs PRN: Grades, Fees and Holdings Compared

iShares U.S. Industrials ETF

IYJCCboe

Invesco Dorsey Wright Industrials Momentum ETF

PRNFNasdaq

Overlap

14.8%by weight

Expense ratio

IYJ −0.23pt a year

IYJ0.37%PRN0.60%

Avg volume · 30D

IYJ 3.7×the volume

IYJ130KPRN35.3K

10Y return · a year

PRN +3.4pt

IYJ+11.9%PRN+15.3%

IYJ vs PRN Performance

Nov 9, 2021 – Nov 9, 2026

+48.3%IYJ+63.4%PRN

Expense ratio: IYJ 0.37%, better; PRN 0.60%
Fund size: IYJ $1.79B; PRN $290M
1Y total return: IYJ +11.2%, better; PRN +8.2%
Yield (12M): IYJ 0.66%, better; PRN 0.00%
Holdings: IYJ 217; PRN 37
Avg volume (30D): IYJ 130K sh, better; PRN 35.3K sh
NAV per share: IYJ $155.44; PRN $184.57
52W range

ETF.net Grade

Pillar letters and Scores for IYJ, PRN, with each pillar’s weight
Pillar	IYJ	PRN
Cost30% weight	C41Higher	F11
Mission25% weight	Not scored	Not scored
Risk15% weight	B62Higher	F17
Tradability15% weight	B68Higher	C54
Holdings10% weight	C45Higher	D31
Durability5% weight	B67Higher	C40

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. IYJ and PRN are both graded against the same 10 Industrials (Broad) funds, so their Grades compare head to head.

Industrials (Broad)⁠

Category · 10 funds

See all 10 ›

IYJ ranks 4th and PRN 10th of 10 funds in the Industrials (Broad) Category.

Rank 1AXLIState Street Industrial Select Sector SPDR ETFScore 80
Rank 2AFIDUFidelity MSCI Industrials Index ETFScore 69
Rank 3BVISVanguard Industrials ETFScore 61
Rank 4CIYJiShares U.S. Industrials ETFScore 53
Rank 5CEXIiShares Global Industrials ETFScore 52
Rank 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32
Rank 10FPRNInvesco Dorsey Wright Industrials Momentum ETFScore 25

Our read on each fund

ETF.net Research

IYJCiShares U.S. Industrials ETF

PRNFInvesco Dorsey Wright Industrials Momentum ETF

In short

IYJ Industrials with a wider net: roughly 200 construction, manufacturing and transport names drawn from the Russell 1000, not just the S&P 500 blue chips. An iShares original, trading since 2000.

PRN Most industrials ETFs hold the sector by size. PRN holds its momentum leaders: a few dozen US industrials ranked on relative strength and reshuffled quarterly, at 0.60% net of a waiver through August 31, 2028 (0.69% gross).

Stated mandate

IYJ The fund seeks to track an index of U.S. industrial-sector equities, providing diversified access to companies involved in construction, manufacturing, and transportation.

PRN The Fund normally invests at least 90% of its total assets in securities comprising the Dorsey Wright Industrials Technical Leaders Index. That index selects at least 30 Nasdaq US Benchmark Index securities exhibiting relative strength, or momentum.

Why people hold it

IYJ Casts a wider net than S&P 500 sector funds: roughly 200 holdings pulled from the Russell 1000 industrials, so mid-cap machinery, transport and services names make the cut.blackrock.com ssga.com
The index is a capped build, trimming outsized single-stock weights at rebalance to stay inside fund diversification limits. One mega-cap industrial can't quietly take over.lseg.com
Listed since June 2000 and now a multi-billion-dollar fund that pays quarterly. Long operating history through several industrial cycles, run by the biggest ETF shop around.

PRN Not a cap-weighted mirror of the sector. Nasdaq ranks industrials on a relative strength score built from intermediate and long term price moves, keeps at least 30 names, and gives higher scores bigger weights.nasdaqomx.com
The lineup is re-examined every quarter (January, April, July, October), so names that lose their relative strength standing get replaced rather than ridden down.nasdaqomx.com invesco.com
Listed in 2006, it is one of the longest-running momentum ETFs on the market. It fishes from the Nasdaq US Benchmark, so mid-cap industrials can outrank mega caps on score alone.invesco.com

Worth knowing

IYJ Breadth costs: 0.37% sits near the industrials category median, but plain-vanilla rivals XLI (0.08%), FIDU (0.084%) and VIS (0.09%) charge a fraction of it.
Still market-cap weighted under the caps, so the largest industrials set the tone while the long tail of mid caps carries small weights.blackrock.com
One sector, one cycle: construction, manufacturing and transportation earnings swing with the economy, so this moves on industrial news, not the whole market's.

PRN At 0.60% net of a waiver through August 31, 2028 (0.69% gross), it sits above the industrials category median, where plain index trackers like XLI (0.08%) and VIS (0.09%) live.
A few dozen holdings concentrates the bet: individual names carry real weight, and quarterly reshuffles can leave the portfolio looking different from one period to the next.nasdaqomx.com
It trades thinly next to the sector's household-name trackers, so bid-ask spreads and order size deserve more attention here.

Full IYJ profile⁠

Full PRN profile⁠

IYJ vs PRN Holdings

How IYJ and PRN differ

Overlap by weight

14.8%

Shared holdings make up 53.0% of PRN and 14.8% of IYJ.

Level by level

Sector15 Sectors0.0%
Holdings14 in both14.8%
Countryby domicile99.1%
Asset classStocks100%

Sector

Sector weights in IYJ and PRN, widest gap first
Sector	Gap	IYJ	PRN
Industrials	PRN +72.5 points	0.0%	72.5%
Capital Goods	IYJ +54.5 points	54.5%	0.0%
Financials	IYJ +22.4 points	22.4%	0.0%
Technology	PRN +16.0 points	0.0%	16.0%
Transportation	IYJ +8.2 points	8.2%	0.0%
Consumer Discretionary	PRN +6.2 points	0.0%	6.2%
Energy	PRN +5.3 points	0.0%	5.3%
Commercial & Professional Services	IYJ +5.2 points	5.2%	0.0%
Materials	IYJ +5.1 points	5.1%	0.0%
Software & Services	IYJ +2.3 points	2.3%	0.0%
Tech Hardware & Equip	IYJ +1.5 points	1.5%	0.0%
Pharma, Biotech & Life Sciences	IYJ +0.4 points	0.4%	0.0%
Consumer Durables	IYJ +0.2 points	0.2%	0.0%
Semiconductors & Semiconductor Equipment	IYJ +0.2 points	0.2%	0.0%
Consumer Services	IYJ +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IYJ and PRN, widest gap first
Country	More in IYJMore in PRN	Gap	IYJ	PRN
United States		PRN +0.9 points	99.1%	100.0%
Other countries (4)		IYJ +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

IYJ37.0%
PRN44.5%

Securities held

IYJ214
PRN35

Asset class

IYJ: Stocks
PRN: Stocks

Holdings

Only in IYJ200
In both14
Only in PRN21

Only in IYJ

200 securities, 85.1% of IYJ by weight

Visa Class A8.94%
Mastercard Class A6.58%
Caterpillar Inc3.17%
Ge Vernova2.60%
Union Pacific2.15%
American Express2.10%
Accenture PLC Class A1.99%
Eaton PLC1.66%
Boeing1.64%
Capital One Financial Corp1.52%
Automatic Data Processing Inc1.52%
Lockheed Martin1.44%
3M1.19%
Csx1.14%
Emerson Electric1.14%
General Dynamics Corp1.13%
Trane Technologies PLC1.11%
Howmet Aerospace1.02%
United Parcel Service Inc Class B1.01%
Illinois Tool Inc1.01%
Quanta Services Inc1.01%
Sherwin Williams0.98%
Norfolk Southern Corp0.90%
Vertiv Holdings Class A0.88%
Northrop Grumman Corp0.87%
Honeywell International Inc0.87%
Fedex Corp0.84%
Transdigm Group0.84%
United Rentals0.82%
Crh Public Limited PLC0.79%
Cummins Inc0.78%
Paccar Inc0.66%
Ametek Inc0.65%
PayPal Holdings0.63%
Honeywell Aerospace Inc0.61%
L3HARRIS Technologies0.60%
Bloom Energy Class A0.60%
Keysight Technologies0.58%
Ferguson Enterprises0.56%
Block Class A0.56%
Rockwell Automation Inc0.53%
Carrier Global0.51%
Paychex0.47%
Vulcan Materials0.46%
Comfort Systems Usa0.44%
Mettler Toledo0.43%
Fiserv Inc0.42%
Ingersoll Rand0.41%
Sunbelt Rentals Holdings Inc0.39%
Martin Marietta Materials0.39%

Only in PRN

21 securities, 47.0% of PRN by weight

Paycom Software Inc4.10%
Clean Harbors Inc3.69%
Sanmina Corp3.12%
Moog Inc3.04%
International Seaways Inc3.03%
Science Applications International Corp2.64%
Matson Inc2.60%
CoreCivic Inc2.25%
Versigent PLC2.21%
ManpowerGroup Inc2.20%
Insperity Inc2.18%
Avnet Inc2.15%
Interface Inc2.07%
DXP Enterprises Inc/TX2.00%
Frequency Electronics Inc1.90%
Pitney Bowes Inc1.78%
Dorian LPG Ltd1.78%
Proto Labs Inc1.64%
Greif Inc1.59%
New Era Energy & Digital Inc0.84%
Invesco Government & Agency Portfolio0.18%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in IYJ and PRN, widest gap first
Holding	Gap	IYJ	PRN
Ww Grainger IncGWW	PRN +5.48 points	0.78%	6.26%
CintasCTAS	PRN +5.01 points	0.95%	5.96%
Ryder SystemR	PRN +4.05 points	0.12%	4.17%
Westinghouse Air Brake TechnologieWAB	PRN +3.43 points	0.60%	4.03%
Applied Industrial TechnologiesAIT	PRN +2.88 points	0.13%	3.01%
Robert HalfRHI	PRN +2.70 points	0.05%	2.75%
Watts Water Technologies Class AWTS	PRN +2.57 points	0.12%	2.69%
Johnson Controls International PLCJCI	PRN +2.49 points	1.02%	3.51%
Parker-HannifinPH	PRN +2.44 points	1.45%	3.89%
CraneCR	PRN +2.34 points	0.12%	2.46%
Midera Food Processing IncMFP	PRN +2.26 points	0.02%	2.28%
DeereDE	PRN +1.05 points	2.07%	3.12%
RtxRTX	PRN +0.89 points	3.19%	4.08%
Ge AerospaceGE	PRN +0.63 points	4.17%	4.80%

All 214 IYJ holdings⁠All 35 PRN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IYJ vs PRN Cost

Overpaying PRN vs IYJ

$4,304

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IYJ 0.37%
$7,513
PRN 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

IYJ 0.37%
PRN 0.60%
Overpaying

Year by year

Year	IYJ	PRN	Overpaying
10	$670	$1,076	$406
20	$2,590	$4,116	$1,526
30	$7,513	$11,817	$4,304

Expense ratio

0.37%IYJ, cheaper
0.60%PRN

IYJ0.37%PRN0.60%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

IYJ 6th cheapest of 10 funds

PRN 9th cheapest of 10 funds

IYJ vs PRN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IYJ 0.66%, better; PRN 0.00%
Payout (12M): IYJ $1.06; PRN None
Last payment: IYJ $0.30; PRN No data
Ex-dividend: IYJ Sep 15, 2026; PRN No data
Paid on: IYJ Sep 18, 2026; PRN No data
Frequency: IYJ Quarterly; PRN No data

Distribution history

Per share, 2017 to 2026, same scale for both

IYJQuarterly · 39 paymentsAll IYJ payments⁠

PRN29 paymentsAll PRN payments⁠

IYJ vs PRN Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IYJ 15.3%, betterPRN 26.8%
Return per unit of riskSharpe ratio, 3 years: IYJ 0.92, betterPRN 0.85
Worst fallMax drawdown, 5 years: IYJ −26.0%, betterPRN −34.8%
Market sensitivityBeta, 5 years: IYJ 1.01PRN 1.54; Market = 1

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