PSCI vs VIS: Grades, Fees and Holdings Compared

Invesco S&P SmallCap Industrials ETF

PSCICNasdaq

Vanguard Industrials ETF

VISBNYSE Arca

Overlap

4.3%by weight

Expense ratio

VIS −0.20pt a year

PSCI0.29%VIS0.09%

Avg volume · 30D

VIS 5.7×the volume

PSCI22.6KVIS130K

10Y return · a year

PSCI +1.0pt

PSCI+14.1%VIS+13.1%

PSCI vs VIS Performance

Oct 29, 2021 – Oct 30, 2026

+79.7%PSCI+70.4%VIS

Expense ratio: PSCI 0.29%; VIS 0.09%, better
Fund size: PSCI $166M; VIS $8.6B
1Y total return: PSCI +10.7%, better; VIS +7.8%
Yield (12M): PSCI 1.46%, better; VIS 0.96%
Holdings: PSCI 97; VIS 399
Avg volume (30D): PSCI 22.6K sh; VIS 130K sh, better
NAV per share: PSCI $163.05; VIS $320.68
52W range

ETF.net Grade

Pillar letters and Scores for PSCI, VIS, with each pillar’s weight
Pillar	PSCI	VIS
Cost30% weight	B57	A72Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D27	B60Higher
Tradability15% weight	C51	C53Higher
Holdings10% weight	B69Higher	B58
Durability5% weight	D36	A83Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. PSCI 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 PSCI 6th of 10 funds in the Industrials (Broad) Category.

Rank 1AXLIState Street Industrial Select Sector SPDR ETFScore 79
Rank 2AFIDUFidelity MSCI Industrials Index ETFScore 72
Rank 3BVISVanguard Industrials ETFScore 64
Rank 4CEXIiShares Global Industrials ETFScore 52
Rank 4CIYJiShares U.S. Industrials ETFScore 52
Rank 6CPSCIInvesco S&P SmallCap Industrials ETFScore 49
Rank 7CRSPNInvesco S&P 500 Equal Weight Industrials ETFScore 48

Our read on each fund

ETF.net Research

PSCICInvesco S&P SmallCap Industrials ETF

VISBVanguard Industrials ETF

In short

PSCI Industrials ETFs usually mean large-cap machinery and aerospace. PSCI works the other end of the market: about 100 small US industrial companies from the S&P SmallCap 600, indexed the same way since 2010.

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

PSCI The fund seeks to track, before fees and expenses, the investment results of the S&P SmallCap 600 Capped Industrials Index.

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

PSCI Costs 0.29% a year, under the typical industrials sector fund and less than Invesco's own equal-weight RSPN at 0.40%.
A small-cap industrials sleeve in one ticker: about 100 names set by an S&P index, not by a stock picker.
Has followed the S&P SmallCap 600 Capped Industrials Index closely since its 2010 launch, so the index is a good read on the fund.
Pays out quarterly, so income arrives on a set schedule rather than in lumps.

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

PSCI One of the less traded funds in the industrials group and one of the smaller ones, so spreads can run wider than the category heavyweights.
Small companies in a single cyclical sector move harder in both directions than broad large-cap industrials funds.
XLI (0.08%) and VIS (0.09%) charge less, but they hold large-cap industrials, not the small-cap end PSCI covers.

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 PSCI profile⁠

Full VIS profile⁠

PSCI vs VIS Holdings

How PSCI and VIS differ

Overlap by weight

4.3%

Shared holdings make up 98.2% of PSCI and 4.3% of VIS.

Level by level

Holdings92 in both4.3%
Sector8 Sectors88.8%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in PSCI and VIS, widest gap first
Sector	More in PSCIMore in VIS	PSCI	VIS
Industrials	VIS +10.9 points	81.1%	92.0%
Consumer Discretionary	PSCI +6.8 points	7.6%	0.8%
Technology	PSCI +3.2 points	9.6%	6.4%
Health Care	PSCI +0.5 points	0.5%	0.0%
Materials	PSCI +0.4 points	0.9%	0.5%
Communication	PSCI +0.3 points	0.3%	0.0%
Financials	VIS +0.2 points	0.0%	0.2%
Utilities	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PSCI and VIS, widest gap first
Country	More in PSCIMore in VIS	PSCI	VIS
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

PSCI22.7%
VIS30.9%

Securities held

PSCI96
VIS397

Asset class

PSCI: Equity
VIS: Equity

Holdings

Only in PSCI4
In both92
Only in VIS305

Only in PSCI

4 securities, 1.8% of PSCI by weight

CSW Industrials Inc1.55%
Rush Enterprises Inc0.23%
Invesco Government & Agency Portfolio0.02%
Securities Lending - Bnym0.00%

Only in VIS

305 securities, 95.4% of VIS by weight

Caterpillar Inc5.62%
General Electric Co4.87%
GE Vernova Inc3.84%
RTX Corp3.76%
Eaton Corp PLC2.51%
Deere & Co2.45%
Union Pacific Corp2.11%
Boeing Co/The2.10%
Uber Technologies Inc1.84%
Parker-Hannifin Corp1.81%
Lockheed Martin Corp1.59%
Automatic Data Processing Inc1.55%
Trane Technologies PLC1.50%
Quanta Services Inc1.45%
Johnson Controls International plc1.36%
Howmet Aerospace Inc1.36%
Vertiv Holdings Co1.32%
Emerson Electric Co1.31%
CSX Corp1.30%
3M Co1.29%
Waste Management Inc1.23%
General Dynamics Corp1.15%
Bloom Energy Corp1.13%
Cummins Inc1.07%
Illinois Tool Works Inc1.06%
United Parcel Service Inc1.05%
Norfolk Southern Corp1.04%
Honeywell International Inc1.01%
Cintas Corp1.00%
Northrop Grumman Corp0.98%
United Rentals Inc0.94%
FedEx Corp0.94%
TransDigm Group Inc0.91%
Comfort Systems USA Inc0.88%
PACCAR Inc0.87%
Fastenal Co0.86%
AMETEK Inc0.85%
WW Grainger Inc0.82%
Delta Air Lines Inc0.76%
Honeywell Aerospace Inc0.74%
Westinghouse Air Brake Technologies Corp0.73%
Rockwell Automation Inc0.73%
L3Harris Technologies Inc0.66%
Ferguson Enterprises Inc0.65%
Republic Services Inc0.63%
Carrier Global Corp0.62%
Rocket Lab Corp0.56%
United Airlines Holdings Inc0.54%
Waste Connections Inc0.53%
EMCOR Group Inc0.50%

Weight gaps

All 92 Holdings in both funds, largest gap first.

Holding weights in PSCI and VIS, widest gap first
Holding	More in PSCIMore in VIS	PSCI	VIS
Paycom Software IncPAYC	PSCI +3.15 points	3.28%	0.13%
Federal Signal CorpFSS	PSCI +2.19 points	2.29%	0.10%
Armstrong World Industries IncAWI	PSCI +2.19 points	2.29%	0.10%
Builders FirstSource IncBLDR	PSCI +2.12 points	2.21%	0.09%
Matson IncMATX	PSCI +2.11 points	2.21%	0.10%
Gates Industrial Corp LtdGTES	PSCI +2.07 points	2.17%	0.10%
Zurn Elkay Water Solutions CorpZWS	PSCI +2.04 points	2.15%	0.10%
ESCO Technologies IncESE	PSCI +1.97 points	2.07%	0.10%
Lyft IncLYFT	PSCI +1.94 points	2.03%	0.09%
Enpro IncNPO	PSCI +1.87 points	1.96%	0.09%
JBT Marel CorpJBTM	PSCI +1.79 points	1.87%	0.08%
Casella Waste Systems IncCWST	PSCI +1.77 points	1.85%	0.08%
Mobility Global IncMBGL	PSCI +1.74 points	1.82%	0.08%
Everus Construction Group IncECG	PSCI +1.72 points	1.80%	0.08%
Herc Holdings IncHRI	PSCI +1.69 points	1.75%	0.06%
Granite Construction IncGVA	PSCI +1.66 points	1.74%	0.08%
Karman Holdings IncKRMN	PSCI +1.65 points	1.69%	0.04%
Argan IncAGX	PSCI +1.55 points	1.63%	0.08%
Powell Industries IncPOWL	PSCI +1.50 points	1.58%	0.08%
RXO IncRXO	PSCI +1.46 points	1.49%	0.03%
Mercury Systems IncMRCY	PSCI +1.42 points	1.49%	0.07%
Construction Partners IncROAD	PSCI +1.37 points	1.44%	0.07%
MYR Group IncMYRG	PSCI +1.37 points	1.44%	0.07%
OPENLANE IncOPLN	PSCI +1.37 points	1.42%	0.05%
VSE CorpVSEC	PSCI +1.35 points	1.42%	0.07%
Robert Half IncRHI	PSCI +1.35 points	1.41%	0.06%
AZZ IncAZZ	PSCI +1.30 points	1.36%	0.06%
AAR CorpAIR	PSCI +1.29 points	1.35%	0.06%
Primoris Services CorpPRIM	PSCI +1.27 points	1.33%	0.06%
Franklin Electric Co IncFELE	PSCI +1.24 points	1.30%	0.06%
Rush Enterprises IncRUSHA	PSCI +1.24 points	1.30%	0.06%
Griffon CorpGFF	PSCI +1.23 points	1.28%	0.05%
Korn FerryKFY	PSCI +1.22 points	1.27%	0.05%
Atmus Filtration Technologies IncATMU	PSCI +1.19 points	1.24%	0.05%
UniFirst Corp/MAUNF	PSCI +1.17 points	1.22%	0.05%
SkyWest IncSKYW	PSCI +1.16 points	1.22%	0.06%
Tutor Perini CorpTPC	PSCI +1.16 points	1.22%	0.06%
GEO Group Inc/TheGEO	PSCI +1.14 points	1.20%	0.06%
Brady CorpBRC	PSCI +1.13 points	1.18%	0.05%
Mueller Water Products IncMWA	PSCI +1.11 points	1.16%	0.05%
HNI CorpHNI	PSCI +1.08 points	1.13%	0.05%
Amentum Holdings IncAMTM	PSCI +1.07 points	1.11%	0.04%
WillScot Holdings CorpWSC	PSCI +1.05 points	1.10%	0.05%
Hayward Holdings IncHAYW	PSCI +1.04 points	1.08%	0.04%
Kadant IncKAI	PSCI +1.00 points	1.05%	0.05%
ABM Industries IncABM	PSCI +0.99 points	1.03%	0.04%
CoreCivic IncCXW	PSCI +0.95 points	1.00%	0.05%
DNOW IncDNOW	PSCI +0.94 points	0.98%	0.04%
Standex International CorpSXI	PSCI +0.93 points	0.98%	0.05%
ArcBest CorpARCB	PSCI +0.88 points	0.92%	0.04%
Boise Cascade CoBCC	PSCI +0.85 points	0.89%	0.04%
V2X IncVVX	PSCI +0.79 points	0.82%	0.03%
Resideo Technologies IncREZI	PSCI +0.78 points	0.82%	0.04%
Kennametal IncKMT	PSCI +0.72 points	0.75%	0.03%
Trinity Industries IncTRN	PSCI +0.71 points	0.74%	0.03%
DXP Enterprises Inc/TXDXPE	PSCI +0.71 points	0.74%	0.03%
Pitney Bowes IncPBI	PSCI +0.71 points	0.74%	0.03%
Interface IncTILE	PSCI +0.67 points	0.69%	0.03%
ManpowerGroup IncMAN	PSCI +0.65 points	0.69%	0.04%
Enerpac Tool Group CorpEPAC	PSCI +0.63 points	0.66%	0.03%
Worthington Enterprises IncWOR	PSCI +0.63 points	0.66%	0.03%
First Advantage CorpFA	PSCI +0.63 points	0.65%	0.02%
Albany International CorpAIN	PSCI +0.57 points	0.60%	0.03%
Proto Labs IncPRLB	PSCI +0.58 points	0.61%	0.03%
Sunrun IncRUN	PSCI +0.57 points	0.60%	0.03%
Allegiant Travel CoALGT	PSCI +0.56 points	0.59%	0.03%
Midera Food Processing IncMFP	PSCI +0.53 points	0.56%	0.03%
Healthcare Services Group IncHCSG	PSCI +0.53 points	0.55%	0.02%
Vestis CorpVSTS	PSCI +0.53 points	0.55%	0.02%
Insperity IncNSP	PSCI +0.51 points	0.54%	0.03%
Werner Enterprises IncWERN	PSCI +0.51 points	0.54%	0.03%
Hub Group IncHUBG	PSCI +0.50 points	0.53%	0.03%
Alamo Group IncALG	PSCI +0.50 points	0.52%	0.02%
Concentrix CorpCNXC	PSCI +0.48 points	0.50%	0.02%
Masterbrand IncMBC	PSCI +0.46 points	0.48%	0.02%
Schneider National IncSNDR	PSCI +0.46 points	0.48%	0.02%
MillerKnoll IncMLKN	PSCI +0.45 points	0.47%	0.02%
Gibraltar Industries IncROCK	PSCI +0.37 points	0.39%	0.02%
Greenbrier Cos Inc/TheGBX	PSCI +0.37 points	0.39%	0.02%
Upwork IncUPWK	PSCI +0.36 points	0.37%	0.01%
Tennant CoTNC	PSCI +0.35 points	0.37%	0.02%
Liquidity Services IncLQDT	PSCI +0.33 points	0.35%	0.01%
Lindsay CorpLNN	PSCI +0.33 points	0.35%	0.02%
Deluxe CorpDLX	PSCI +0.32 points	0.34%	0.02%
Apogee Enterprises IncAPOG	PSCI +0.30 points	0.31%	0.01%
Quanex Building Products CorpNX	PSCI +0.30 points	0.31%	0.01%
JetBlue Airways CorpJBLU	PSCI +0.29 points	0.31%	0.02%
Astec Industries IncASTE	PSCI +0.29 points	0.30%	0.01%
National Presto Industries IncNPK	PSCI +0.24 points	0.25%	0.01%
Legalzoom.com IncLZ	PSCI +0.24 points	0.25%	<0.01%
Marten Transport LtdMRTN	PSCI +0.21 points	0.22%	0.01%
Heartland Express IncHTLD	PSCI +0.14 points	0.15%	<0.01%

All 95 PSCI holdings⁠All 387 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.

PSCI vs VIS Cost

Overpaying PSCI vs VIS

$4,054

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

PSCI 0.29%
$5,952
VIS 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

PSCI 0.29%
VIS 0.09%
Overpaying

Year by year

Year	PSCI	VIS	Overpaying
10	$527	$165	$362
20	$2,044	$646	$1,398
30	$5,952	$1,898	$4,054

Expense ratio

0.29%PSCI
0.09%VIS, cheaper

VIS0.09%PSCI0.29%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

VIS 3rd cheapest of 10 funds

PSCI 5th cheapest of 10 funds

PSCI vs VIS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PSCI 1.46%, better; VIS 0.96%
Payout (12M): PSCI $2.39; VIS $3.06
Last payment: PSCI $0.21; VIS $0.70
Ex-dividend: PSCI Sep 21, 2026; VIS Sep 23, 2026
Paid on: PSCI Sep 25, 2026; VIS Sep 25, 2026
Frequency: PSCI Quarterly; VIS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PSCIQuarterly · 38 paymentsAll PSCI payments⁠

VISQuarterly · 39 paymentsAll VIS payments⁠

PSCI vs VIS Risk

Fall from peak · 5 years

PSCI
VIS

Risk facts

VolatilityStd dev, 3 years: PSCI 22.2%VIS 16.9%, better
Return per unit of riskSharpe ratio, 3 years: PSCI 0.77VIS 0.96, better
Worst fallMax drawdown, 5 years: PSCI −29.4%VIS −23.0%, better
Market sensitivityBeta, 5 years: PSCI 1.14VIS 1.05; Market = 1

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