PRN vs VIS: Grades, Fees and Holdings Compared

Invesco Dorsey Wright Industrials Momentum ETF

PRNFNasdaq

Vanguard Industrials ETF

VISBNYSE Arca

Overlap

18.3%by weight

Expense ratio

VIS −0.51pt a year

PRN0.60%VIS0.09%

Avg volume · 30D

VIS 3.7×the volume

PRN35.3KVIS131K

10Y return · a year

PRN +2.5pt

PRN+15.3%VIS+12.8%

PRN vs VIS Performance

Nov 9, 2021 – Nov 9, 2026

+63.4%PRN+67.2%VIS

Expense ratio: PRN 0.60%; VIS 0.09%, better
Fund size: PRN $290M; VIS $8B
1Y total return: PRN +8.2%; VIS +10.9%, better
Yield (12M): PRN 0.00%; VIS 0.94%, better
Holdings: PRN 37; VIS 401
Avg volume (30D): PRN 35.3K sh; VIS 131K sh, better
NAV per share: PRN $184.57; VIS $312.53
52W range

ETF.net Grade

Pillar letters and Scores for PRN, VIS, with each pillar’s weight
Pillar	PRN	VIS
Cost30% weight	F11	A72Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	F17	C48Higher
Tradability15% weight	C54Higher	C53
Holdings10% weight	D31	B58Higher
Durability5% weight	C40	A81Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. PRN and VIS 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 ›

VIS ranks 3rd 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 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32
Rank 10FPRNInvesco Dorsey Wright Industrials Momentum ETFScore 25

Our read on each fund

ETF.net Research

PRNFInvesco Dorsey Wright Industrials Momentum ETF

VISBVanguard Industrials ETF

In short

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).

VIS Industrials, the whole aisle: jet engines and railroads down to small-cap machinery shops, roughly 400 names for 0.09% a year. Vanguard has run it as a straight index fund since 2004.

Stated mandate

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.

VIS The fund seeks to track the MSCI US Investable Market Industrials 25/50 Index and invests in multicapitalization equities focused on the industrials sector.

Why people hold it

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

VIS 0.09% a year against a 0.38% median for broad industrials funds. Index-fund pricing for index-fund work.
About 400 holdings spanning large, mid and small US industrials, so defense primes and railroads sit next to smaller machinery and services names.vanguard.com
Pure index mandate: it follows the MSCI US Investable Market Industrials 25/50 Index and has tracked it very tightly, with no manager stock-picking layered on.
One of the strongest implementations in the broad US industrials group, a multi-billion-dollar fund trading since 2004 and paying quarterly.

Worth knowing

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.

VIS One sector, one cycle. Industrials ride capital spending and freight demand, so this tends to move as a block rather than smooth anything out.
The small- and mid-cap tail is part of the design, and it adds bumpiness a large-cap-only sector fund would not carry.vanguard.com
Not the price floor in the group: XLI and FIDU both list 0.08%. One basis point, but worth knowing.

Full PRN profile⁠

Full VIS profile⁠

PRN vs VIS Holdings

How PRN and VIS differ

Overlap by weight

18.3%

Shared holdings make up 83.2% of PRN and 18.4% of VIS.

Level by level

Holdings26 in both18.3%
Sector10 Sectors79.7%
Asset classStocks100%
Countryby domicile100%

Sector

Sector weights in PRN and VIS, widest gap first
Sector	Gap	PRN	VIS
Industrials	VIS +19.5 points	72.5%	92.0%
Technology	PRN +9.6 points	16.0%	6.4%
Consumer Discretionary	PRN +5.4 points	6.2%	0.8%
Energy	PRN +5.3 points	5.3%	0.0%
Materials	VIS +0.5 points	0.0%	0.5%
Financials	VIS +0.2 points	0.0%	0.2%
Utilities	Same weight	0.0%	0.0%
Health Care	Same weight	0.0%	0.0%
Communication	Same weight	0.0%	0.0%
Consumer Staples	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PRN and VIS, widest gap first
Country	More in PRNMore in VIS	Gap	PRN	VIS
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

PRN44.5%
VIS30.8%

Securities held

PRN35
VIS399

Asset class

PRN: Stocks
VIS: Stocks

Holdings

Only in PRN9
In both26
Only in VIS373

Only in PRN

9 securities, 16.8% of PRN by weight

Sanmina Corp3.12%
International Seaways Inc3.03%
Versigent PLC2.21%
Avnet Inc2.15%
Frequency Electronics Inc1.90%
Dorian LPG Ltd1.78%
Greif Inc1.59%
New Era Energy & Digital Inc0.84%
Invesco Government & Agency Portfolio0.18%

Only in VIS

373 securities, 81.3% of VIS by weight

Caterpillar Inc5.60%
GE Vernova Inc3.83%
Eaton Corp PLC2.50%
Union Pacific Corp2.10%
Boeing Co/The2.09%
Uber Technologies Inc1.83%
Lockheed Martin Corp1.58%
Automatic Data Processing Inc1.55%
Trane Technologies PLC1.50%
Quanta Services Inc1.45%
Howmet Aerospace Inc1.36%
Vertiv Holdings Co1.32%
Emerson Electric Co1.30%
CSX Corp1.30%
3M Co1.28%
Waste Management Inc1.23%
General Dynamics Corp1.14%
Bloom Energy Corp1.12%
Cummins Inc1.07%
Illinois Tool Works Inc1.05%
United Parcel Service Inc1.05%
Norfolk Southern Corp1.04%
Honeywell International Inc1.00%
Northrop Grumman Corp0.98%
United Rentals Inc0.94%
FedEx Corp0.94%
TransDigm Group Inc0.91%
Comfort Systems USA Inc0.87%
PACCAR Inc0.87%
Fastenal Co0.85%
AMETEK Inc0.85%
Delta Air Lines Inc0.76%
Honeywell Aerospace Inc0.74%
Rockwell Automation Inc0.73%
L3Harris Technologies Inc0.66%
Ferguson Enterprises Inc0.65%
Republic Services Inc0.63%
Carrier Global Corp0.61%
Rocket Lab Corp0.56%
United Airlines Holdings Inc0.54%
Waste Connections Inc0.53%
EMCOR Group Inc0.50%
Old Dominion Freight Line Inc0.49%
Axon Enterprise Inc0.48%
Paychex Inc0.47%
Ingersoll Rand Inc0.44%
nVent Electric PLC0.39%
ATI Inc0.38%
Dover Corp0.38%
Otis Worldwide Corp0.37%

Weight gaps

All 26 Holdings in both funds, largest gap first.

Holding weights in PRN and VIS, widest gap first
Holding	Gap	PRN	VIS
WW Grainger IncGWW	PRN +5.44 points	6.26%	0.82%
Cintas CorpCTAS	PRN +4.97 points	5.96%	0.99%
Ryder System IncR	PRN +4.04 points	4.17%	0.13%
Paycom Software IncPAYC	PRN +3.97 points	4.10%	0.13%
Clean Harbors IncCLH	PRN +3.46 points	3.69%	0.23%
Westinghouse Air Brake Technologies CorpWAB	PRN +3.30 points	4.03%	0.73%
Moog IncMOG.A	PRN +2.88 points	3.04%	0.16%
Applied Industrial Technologies IncAIT	PRN +2.83 points	3.01%	0.18%
Robert Half IncRHI	PRN +2.70 points	2.75%	0.05%
Science Applications International CorpSAIC	PRN +2.56 points	2.64%	0.08%
Watts Water Technologies IncWTS	PRN +2.55 points	2.69%	0.14%
Matson IncMATX	PRN +2.50 points	2.60%	0.10%
Crane CoCR	PRN +2.31 points	2.46%	0.15%
Midera Food Processing IncMFP	PRN +2.26 points	2.28%	0.02%
CoreCivic IncCXW	PRN +2.21 points	2.25%	0.05%
ManpowerGroup IncMAN	PRN +2.16 points	2.20%	0.04%
Insperity IncNSP	PRN +2.15 points	2.18%	0.03%
Johnson Controls International plcJCI	PRN +2.15 points	3.51%	1.36%
Parker-Hannifin CorpPH	PRN +2.08 points	3.89%	1.81%
Interface IncTILE	PRN +2.04 points	2.07%	0.03%
DXP Enterprises Inc/TXDXPE	PRN +1.97 points	2.00%	0.03%
Pitney Bowes IncPBI	PRN +1.75 points	1.78%	0.03%
Proto Labs IncPRLB	PRN +1.61 points	1.64%	0.03%
Deere & CoDE	PRN +0.67 points	3.12%	2.45%
RTX CorpRTX	PRN +0.33 points	4.08%	3.75%
General Electric CoGE	VIS +0.06 points	4.80%	4.86%

All 35 PRN holdings⁠All 396 VIS 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.

PRN vs VIS Cost

Overpaying PRN vs VIS

$9,919

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

PRN 0.60%
$11,817
VIS 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

PRN 0.60%
VIS 0.09%
Overpaying

Year by year

Year	PRN	VIS	Overpaying
10	$1,076	$165	$911
20	$4,116	$646	$3,470
30	$11,817	$1,898	$9,919

Expense ratio

0.60%PRN
0.09%VIS, cheaper

VIS0.09%PRN0.60%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

VIS 3rd cheapest of 10 funds

PRN 9th cheapest of 10 funds

PRN vs VIS Dividends

Last 12 months to Nov 9, 2026

Yield (12M): PRN 0.00%; VIS 0.94%, better
Payout (12M): PRN None; VIS $3.06
Last payment: PRN No data; VIS $0.70
Ex-dividend: PRN No data; VIS Sep 23, 2026
Paid on: PRN No data; VIS Sep 25, 2026
Frequency: PRN No data; VIS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PRN29 paymentsAll PRN payments⁠

VISQuarterly · 39 paymentsAll VIS payments⁠

PRN vs VIS Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: PRN 26.8%VIS 16.9%, better
Return per unit of riskSharpe ratio, 3 years: PRN 0.85VIS 0.96, better
Worst fallMax drawdown, 5 years: PRN −34.8%VIS −23.0%, better
Market sensitivityBeta, 5 years: PRN 1.54VIS 1.05; Market = 1

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