TRUI vs VIS: Grades, Fees and Holdings Compared

VanEck Industrials TruSector ETF

TRUICNasdaq

Vanguard Industrials ETF

VISBNYSE Arca

Overlap

78.0%by weight

Expense ratio

VIS −0.01pt a year

TRUI0.10%VIS0.09%

Avg volume · 30D

VIS 413.1×the volume

TRUI316VIS131K

TRUI vs VIS Performance

Aug 7, 2026 – Nov 9, 2026

−8.6%TRUI−8.7%VIS

Expense ratio: TRUI 0.10%; VIS 0.09%, better
Fund size: TRUI $0; VIS $8B
1Y total return: TRUI No data; VIS +10.9%
Yield (12M): TRUI No data; VIS 0.94%
Holdings: TRUI 84; VIS 401
Avg volume (30D): TRUI 316 sh; VIS 131K sh, better
NAV per share: TRUI $23.24; VIS $312.53
52W range

ETF.net Grade

Pillar letters and Scores for TRUI, VIS, with each pillar’s weight
Pillar	TRUI	VIS
Cost30% weight	A72	A72
Mission25% weight	Not scored	Not scored
Risk15% weight	C47	C48Higher
Tradability15% weight	F14	C53Higher
Holdings10% weight	C41	B58Higher
Durability5% weight	F5	A81Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. TRUI 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 TRUI 8th 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 7CRSPNInvesco S&P 500 Equal Weight Industrials ETFScore 48
Rank 8CTRUIVanEck Industrials TruSector ETFScore 40
Rank 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32

Our read on each fund

ETF.net Research

TRUICVanEck Industrials TruSector ETF

VISBVanguard Industrials ETF

In short

TRUI Index sector funds get trimmed by diversification rules that cap their biggest names. TRUI is VanEck's actively managed answer for industrials: full market-cap sector weights, priced at 0.10%.

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

TRUI The Fund is actively managed and seeks long-term capital appreciation through securities or instruments providing exposure to industrials-related companies.

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

TRUI Cheap for an active fund: 0.10%, a rounding error from the group's cheapest index options (XLI and FIDU at 0.08%) and well under the typical industrials ETF.
The design: own sector stocks up to regulatory limits, then add sector-ETF positions for the rest, so the biggest names aren't shaved down the way capped indexes shave them.vaneck.com vaneck.com 2
One unified fee: VanEck's adviser pays the fund's ordinary operating costs, with carve-outs for items like acquired fund fees, interest, trading costs and taxes.vaneck.com
Built as a building block. TruSector now covers all 11 GICS sectors, so a sector sleeve can be assembled without mixing methodologies.vaneck.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

TRUI The ETF sleeve carries acquired fund fees, which ride on top of the 0.10% management fee rather than inside it.vaneck.com
Industrials spreads across many names rather than one dominant mega-cap, so the capping distortion this structure targets does less work here than in tech or media.vaneck.com
Launched in 2026 and actively run: short history, a small asset base, and light trading that can leave spreads wider than the sector's long-established giants.

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 TRUI profile⁠

Full VIS profile⁠

TRUI vs VIS Holdings

How TRUI and VIS differ

Overlap by weight

78.0%

Shared holdings make up 99.98% of TRUI and 78.7% of VIS.

Level by level

Holdings83 in both78.0%
Sector9 Sectors99.0%
Asset classStocks100%
Countryby domicile100%

Sector

Sector weights in TRUI and VIS, widest gap first
Sector	Gap	TRUI	VIS
Consumer Discretionary	VIS +0.6 points	0.2%	0.8%
Technology	TRUI +0.5 points	6.9%	6.4%
Industrials	TRUI +0.5 points	92.5%	92.0%
Financials	VIS +0.2 points	0.0%	0.2%
Materials	VIS +0.1 points	0.4%	0.5%
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 TRUI and VIS, widest gap first
Country	More in TRUIMore in VIS	Gap	TRUI	VIS
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

TRUI37.4%
VIS30.8%

Securities held

TRUI83
VIS399

Asset class

TRUI: Stocks
VIS: Stocks

Holdings

Only in TRUI0
In both83
Only in VIS316

Only in TRUI

0 securities, 0.0% of TRUI by weight

Only in VIS

316 securities, 20.9% of VIS by weight

Rocket Lab Corp0.56%
Waste Connections Inc0.53%
nVent Electric PLC0.39%
ATI Inc0.38%
TRS:UNION PACIFIC CORP USD 2027-Aug-310.32%
XPO Inc0.30%
Curtiss-Wright Corp0.30%
Woodward Inc0.29%
Carpenter Technology Corp0.28%
ITT Inc0.27%
WESCO International Inc0.26%
HEICO Corp0.26%
FTAI Aviation Ltd0.25%
SS&C Technologies Holdings Inc0.24%
Clean Harbors Inc0.23%
Sterling Infrastructure Inc0.22%
RBC Bearings Inc0.21%
Lincoln Electric Holdings Inc0.21%
CACI International Inc0.20%
API Group Corp0.20%
MasTec Inc0.20%
Carlisle Cos Inc0.20%
HEICO Corp0.20%
Mueller Industries Inc0.19%
BWX Technologies Inc0.19%
Graco Inc0.19%
Applied Industrial Technologies Inc0.18%
TransUnion0.18%
Nextpower Inc0.17%
CNH Industrial NV0.17%
QXO Inc0.16%
Moog Inc0.16%
Watsco Inc0.16%
Donaldson Co Inc0.15%
Knight-Swift Transportation Holdings Inc0.15%
Regal Rexnord Corp0.15%
Crane Co0.15%
Watts Water Technologies Inc0.14%
Modine Manufacturing Co0.14%
Owens Corning0.14%
Allison Transmission Holdings Inc0.14%
Flowserve Corp0.14%
Toro Co/The0.14%
Valmont Industries Inc0.13%
American Airlines Group Inc0.13%
Paycom Software Inc0.13%
Acuity Inc0.13%
Advanced Drainage Systems Inc0.13%
Saia Inc0.13%
Ryder System Inc0.13%

Weight gaps

All 83 Holdings in both funds, largest gap first.

Holding weights in TRUI and VIS, widest gap first
Holding	Gap	TRUI	VIS
General Aerospace CoGE	TRUI +1.68 points	6.54%	4.86%
Union Pacific CorpUNP	TRUI +1.27 points	3.37%	2.10%
Rtx CorpRTX	TRUI +1.23 points	4.98%	3.75%
Uber Technologies IncUBER	TRUI +0.89 points	2.72%	1.83%
Automatic Data Processing IncADP	TRUI +0.80 points	2.35%	1.55%
Deere & CoDE	TRUI +0.73 points	3.18%	2.45%
Lockheed Martin CorpLMT	TRUI +0.62 points	2.20%	1.58%
Boeing Co/TheBA	TRUI +0.60 points	2.69%	2.09%
Parker-Hannifin CorpPH	TRUI +0.56 points	2.37%	1.81%
3m CoMMM	TRUI +0.55 points	1.83%	1.28%
Caterpillar IncCAT	VIS +0.55 points	5.05%	5.60%
United Parcel Service IncUPS	TRUI +0.53 points	1.58%	1.05%
General Dynamics CorpGD	TRUI +0.54 points	1.68%	1.14%
Waste Management IncWM	TRUI +0.50 points	1.73%	1.23%
Csx CorpCSX	TRUI +0.45 points	1.75%	1.30%
Emerson Electric CoEMR	TRUI +0.45 points	1.75%	1.30%
Cintas CorpCTAS	TRUI +0.45 points	1.44%	0.99%
United Rentals IncURI	TRUI +0.42 points	1.36%	0.94%
Ww Grainger IncGWW	TRUI +0.42 points	1.24%	0.82%
Illinois Tool Works IncITW	TRUI +0.40 points	1.45%	1.05%
Fedex CorpFDX	TRUI +0.39 points	1.33%	0.94%
Northrop Grumman CorpNOC	TRUI +0.38 points	1.36%	0.98%
Norfolk Southern CorpNSC	TRUI +0.34 points	1.38%	1.04%
Fastenal CoFAST	TRUI +0.34 points	1.19%	0.85%
Republic Services IncRSG	TRUI +0.33 points	0.96%	0.63%
Honeywell International IncHON	TRUI +0.33 points	1.33%	1.00%
Ferguson Enterprises IncFERG	TRUI +0.26 points	0.91%	0.65%
Delta Air Lines IncDAL	TRUI +0.25 points	1.01%	0.76%
Westinghouse Air Brake Technologies CorWAB	TRUI +0.25 points	0.98%	0.73%
Howmet Aerospace IncHWM	TRUI +0.23 points	1.59%	1.36%
L3harris Technologies IncLHX	TRUI +0.23 points	0.89%	0.66%
Paychex IncPAYX	TRUI +0.24 points	0.71%	0.47%
Trane Technologies PlcTT	TRUI +0.23 points	1.73%	1.50%
Carrier Global CorpCARR	TRUI +0.22 points	0.83%	0.61%
Johnson Controls International PlcJCI	TRUI +0.21 points	1.57%	1.36%
Otis Worldwide CorpOTIS	TRUI +0.21 points	0.58%	0.37%
Veralto CorpVLTO	TRUI +0.20 points	0.55%	0.35%
Verisk Analytics IncVRSK	TRUI +0.20 points	0.53%	0.33%
United Airlines Holdings IncUAL	TRUI +0.19 points	0.73%	0.54%
Paccar IncPCAR	TRUI +0.18 points	1.05%	0.87%
Honeywell Aerospace IncHONA	TRUI +0.18 points	0.92%	0.74%
Quanta Services IncPWR	TRUI +0.18 points	1.63%	1.45%
Copart IncCPRT	TRUI +0.17 points	0.52%	0.35%
Ge Vernova LlcGEV	TRUI +0.17 points	4.00%	3.83%
Equifax IncEFX	TRUI +0.17 points	0.41%	0.24%
Fortive CorpFTV	TRUI +0.16 points	0.39%	0.23%
Bloom Energy CorpBE	VIS +0.15 points	0.97%	1.12%
Dover CorpDOV	TRUI +0.15 points	0.53%	0.38%
Stanley Black & Decker IncSWK	TRUI +0.14 points	0.35%	0.21%
Ametek IncAME	TRUI +0.13 points	0.98%	0.85%
Southwest Airlines CoLUV	TRUI +0.13 points	0.42%	0.29%
Ingersoll Rand IncIR	TRUI +0.13 points	0.57%	0.44%
Broadridge Financial Solutions IncBR	TRUI +0.13 points	0.41%	0.28%
Leidos Holdings IncLDOS	TRUI +0.12 points	0.34%	0.22%
Transdigm Group IncTDG	TRUI +0.12 points	1.03%	0.91%
Allegion PlcALLE	TRUI +0.12 points	0.32%	0.20%
Dupont De Nemours IncDD	TRUI +0.12 points	0.38%	0.26%
Expeditors International Of WashingtonEXPD	TRUI +0.12 points	0.48%	0.36%
Masco CorpMAS	TRUI +0.12 points	0.32%	0.20%
Cummins IncCMI	TRUI +0.09 points	1.16%	1.07%
Huntington Ingalls Industries IncHII	TRUI +0.09 points	0.25%	0.16%
Textron IncTXT	TRUI +0.09 points	0.29%	0.20%
Rockwell Automation IncROK	TRUI +0.08 points	0.81%	0.73%
Fedex Freight Holding Co IncFDXF	TRUI +0.09 points	0.27%	0.18%
Rollins IncROL	TRUI +0.08 points	0.21%	0.13%
Jacobs Solutions IncJ	TRUI +0.08 points	0.32%	0.24%
Old Dominion Freight Line IncODFL	TRUI +0.08 points	0.57%	0.49%
Pentair PlcPNR	TRUI +0.08 points	0.21%	0.13%
Xylem Inc/NyXYL	TRUI +0.06 points	0.42%	0.36%
Axon Enterprise IncAXON	TRUI +0.06 points	0.54%	0.48%
Generac Holdings IncGNRC	TRUI +0.05 points	0.23%	0.18%
A O Smith CorpAOS	TRUI +0.05 points	0.14%	0.09%
Idex CorpIEX	TRUI +0.04 points	0.29%	0.25%
Jb Hunt Transport Services IncJBHT	TRUI +0.03 points	0.28%	0.25%
Snap-On IncSNA	TRUI +0.04 points	0.32%	0.28%
Emcor Group IncEME	TRUI +0.02 points	0.52%	0.50%
Lennox International IncLII	VIS +0.02 points	0.15%	0.17%
Vertiv Holdings CoVRT	TRUI +0.02 points	1.34%	1.32%
Hubbell IncHUBB	TRUI +0.01 points	0.37%	0.36%
Ch Robinson Worldwide IncCHRW	TRUI +0.01 points	0.27%	0.26%
Nordson CorpNDSN	TRUI +0.01 points	0.27%	0.26%
Comfort Systems Usa IncFIX	TRUI +0.01 points	0.88%	0.87%
Eaton Corp PlcETN	Same weight	2.50%	2.50%

All TRUI 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.

TRUI vs VIS Cost

Overpaying TRUI vs VIS

$208

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

TRUI 0.10%
$2,106
VIS 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

TRUI 0.10%
VIS 0.09%
Overpaying

Year by year

Year	TRUI	VIS	Overpaying
10	$183	$165	$18
20	$717	$646	$71
30	$2,106	$1,898	$208

Expense ratio

0.10%TRUI
0.09%VIS, cheaper

VIS0.09%TRUI0.10%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

VIS 3rd cheapest of 10 funds

TRUI 4th cheapest of 10 funds

TRUI vs VIS Dividends

Last 12 months to Nov 9, 2026

Yield (12M): TRUI No data; VIS 0.94%
Payout (12M): TRUI No data; VIS $3.06
Last payment: TRUI $0.08; VIS $0.70
Ex-dividend: TRUI Oct 1, 2026; VIS Sep 23, 2026
Paid on: TRUI Oct 6, 2026; VIS Sep 25, 2026
Frequency: TRUI Irregular; VIS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TRUIIrregular · 1 paymentAll TRUI payments⁠

VISQuarterly · 39 paymentsAll VIS payments⁠

TRUI vs VIS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TRUI No dataVIS 16.9%
Return per unit of riskSharpe ratio, 3 years: TRUI No dataVIS 0.96
Worst fallMax drawdown, 5 years: TRUI No dataVIS −23.0%
Market sensitivityBeta, 5 years: TRUI 0.35VIS 1.05; Market = 1

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