VAW vs IFRA
Comparison between VANGUARD MATERIALS INDEX FUND ETF SHARES (VAW, ETF) and ISHARES U.S. INFRASTRUCTURE ETF (IFRA, ETF).
5-Year PerformanceIFRA has outperformed VAW, delivering a return of +12.8% compared to +7.4%
VAW vs IFRA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VAW
$4.40B
Winner
IFRA
$4.50B
Expense Ratio
Winner
VAW
0.09%
IFRA
0.30%
Max Drawdown
VAW
63.47%
Winner
IFRA
41.06%
Sharpe Ratio
VAW
0.84
Winner
IFRA
0.94
5Y Beta
VAW
0.86
Winner
IFRA
0.71
P/E Ratio
VAW
30.46
Winner
IFRA
24.85
Forward P/E
Winner
VAW
18.85
IFRA
20.74
5Y Dividends CAGR
VAW
8.64%
Winner
IFRA
11.43%
5Y EPS CAGR
Winner
VAW
15.54%
IFRA
13.91%
Debt to Equity
Winner
VAW
34.90%
IFRA
72.78%
P/S Ratio
Winner
VAW
2.03
IFRA
2.63
P/B Ratio
VAW
3.11
Winner
IFRA
3.06
VAW vs IFRA - Holdings Comparison
VAW and IFRA have 32 common holdings. Overlap is 12.04%
VAW's top 25 holdings weight is 77.74%. IFRA's top 25 holdings weight is 58.94%.
| Rank | VAW | IFRA |
|---|---|---|
| #1 | LINDE PLC (LIN) - 15.69% | UNION PACIFIC CORP (UNP) - 4.17% |
| #2 | NEWMONT CORP (NEM) - 6.58% | NEXTERA ENERGY INC (NEE) - 4.11% |
| #3 | FREEPORT-MCMORAN INC (FCX) - 5.90% | CATERPILLAR INC (CAT) - 4.07% |
| #4 | SHERWIN-WILLIAMS CO (SHW) - 5.28% | QUANTA SERVICES INC (PWR) - 3.51% |
| #5 | CRH PLC (CRH) - 4.67% | CSX CORP (CSX) - 3.31% |
| #6 | ECOLAB INC (ECL) - 4.62% | SOUTHERN CO (SO) - 2.97% |
| #7 | AIR PRODUCTS AND CHEMICALS INC (APD) - 3.87% | DUKE ENERGY CORP (DUK) - 2.71% |
| #8 | CORTEVA INC (CTVA) - 3.71% | NORFOLK SOUTHERN CORP (NSC) - 2.62% |
| #9 | NUCOR CORP (NUE) - 3.23% | WILLIAMS COMPANIES INC (WMB) - 2.55% |
| #10 | VULCAN MATERIALS CO (VMC) - 2.51% | CRH PLC (CRH) - 2.48% |
| #11 | MARTIN MARIETTA MATERIALS INC (MLM) - 2.27% | CONSTELLATION ENERGY CORP (CEG) - 2.38% |
| #12 | STEEL DYNAMICS INC (STLD) - 2.06% | UNITED RENTALS INC (URI) - 2.37% |
| #13 | PPG INDUSTRIES INC (PPG) - 1.77% | COMFORT SYSTEMS USA INC (FIX) - 2.21% |
| #14 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.73% | AMERICAN ELECTRIC POWER CO INC (AEP) - 2.01% |
| #15 | SMURFIT WESTROCK PLC (SW) - 1.58% | NUCOR CORP (NUE) - 1.90% |
| #16 | PACKAGING CORP OF AMERICA (PKG) - 1.38% | TC ENERGY CORP (TRP) - 1.88% |
| #17 | AMCOR PLC ORDINARY SHARES (AMCR) - 1.31% | KINDER MORGAN INC CLASS P (KMI) - 1.74% |
| #18 | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.29% | DOMINION ENERGY INC (D) - 1.72% |
| #19 | DOW INC (DOW) - 1.28% | SEMPRA (SRE) - 1.68% |
| #20 | INTERNATIONAL PAPER CO (IP) - 1.25% | ONEOK INC (OKE) - 1.59% |
| #21 | RELIANCE INC (RS) - 1.25% | VISTRA CORP (VST) - 1.46% |
| #22 | DUPONT DE NEMOURS INC (DD) - 1.21% | ENTERGY CORP (ETR) - 1.45% |
| #23 | ROYAL GOLD INC (RGLD) - 1.11% | XCEL ENERGY INC (XEL) - 1.38% |
| #24 | COEUR MINING INC (CDE) - 1.10% | VULCAN MATERIALS CO (VMC) - 1.35% |
| #25 | CF INDUSTRIES HOLDINGS INC (CF) - 1.09% | EXELON CORP (EXC) - 1.32% |
| Total Holdings | 115 | 167 |
VAW vs IFRA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VAW
+7.56%
IFRA
-2.29%
3M
Winner
VAW
+6.13%
IFRA
-1.02%
6M
Winner
VAW
+0.00%
IFRA
-0.21%
1Y
Winner
VAW
+19.28%
IFRA
+18.52%
5Y(CAGR)
VAW
+7.45%
Winner
IFRA
+12.84%
10Y(CAGR)
VAW
+10.18%
Winner
IFRA
+12.85%
Max(CAGR)
VAW
+9.30%
Winner
IFRA
+12.85%
VAW vs IFRA - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | VAW | IFRA |
|---|---|---|
| 2026 | +14.44% | +12.64% |
| 2025 | +13.45% | +16.09% |
| 2024 | +0.72% | +17.17% |
| 2023 | +13.72% | +13.50% |
| 2022 | -10.82% | -3.13% |
| 2021 | +28.37% | +32.19% |
| 2020 | +20.65% | +8.22% |
| 2019 | +22.95% | +26.84% |
| 2018 | -18.75% | -8.54% |
| 2017 | +22.77% | N/A |
| 2016 | +23.44% | N/A |
| 2015 | -10.48% | N/A |
| 2014 | +6.67% | N/A |
| 2013 | +21.70% | N/A |
| 2012 | +14.15% | N/A |
| 2011 | -10.25% | N/A |
| 2010 | +20.83% | N/A |
| 2009 | +45.94% | N/A |
| 2008 | -46.00% | N/A |
| 2007 | +26.82% | N/A |
| 2006 | +17.74% | N/A |
| 2005 | +4.50% | N/A |
| 2004 | +21.63% | N/A |
VAW vs IFRA Drawdown Comparison
The maximum drawdown for VAW was -62.12%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The maximum drawdown for IFRA was -41.06%, occurring on Mar 23, 2020. Recovery took 188 trading sessions.
The current VAW drawdown is -1.13%. The current IFRA drawdown is -6.81%.
| Rank | VAW | IFRA |
|---|---|---|
| #1 | -62.12% May 16, 2008 - Jan 9, 2013 | -41.06% Feb 20, 2020 - Nov 16, 2020 |
| #2 | -41.14% Jan 26, 2018 - Sep 1, 2020 | -19.93% Nov 25, 2024 - Jul 22, 2025 |
| #3 | -27.23% Feb 24, 2015 - Nov 15, 2016 | -19.49% Sep 18, 2018 - Jun 28, 2019 |
| #4 | -25.49% Apr 20, 2022 - Feb 29, 2024 | -18.48% Apr 20, 2022 - Feb 1, 2023 |
| #5 | -23.20% Oct 18, 2024 - Dec 26, 2025 | -13.99% Jul 26, 2023 - Dec 19, 2023 |
| #6 | -16.60% May 9, 2006 - Nov 22, 2006 | -11.09% Feb 2, 2023 - Jul 12, 2023 |
| #7 | -16.36% Mar 4, 2005 - Jan 26, 2006 | -8.40% Mar 2, 2026 - Apr 23, 2026 |
| #8 | -15.95% Jul 19, 2007 - Oct 9, 2007 | -8.22% Jan 4, 2022 - Mar 17, 2022 |
| #9 | -15.12% Dec 10, 2007 - Apr 4, 2008 | -7.85% Sep 2, 2021 - Nov 3, 2021 |
| #10 | -13.42% Feb 27, 2026 - Mar 20, 2026 | -7.60% May 7, 2021 - Aug 11, 2021 |
| #11 | -12.15% Sep 5, 2014 - Feb 13, 2015 | -7.12% Jul 5, 2019 - Sep 11, 2019 |
| #12 | -12.02% Mar 1, 2004 - Sep 2, 2004 | -7.03% May 21, 2024 - Jul 16, 2024 |
| #13 | -11.29% Oct 31, 2007 - Dec 10, 2007 | -6.81% Jun 25, 2026 - Aug 21, 2026 |
| #14 | -10.81% Jan 4, 2022 - Mar 25, 2022 | -6.62% Nov 23, 2021 - Dec 27, 2021 |
| #15 | -10.71% May 17, 2021 - Nov 8, 2021 | -6.34% Jul 31, 2024 - Sep 17, 2024 |
Correlation
Correlation between VAW and IFRA is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2004 - 2026)
VAW vs IFRA dividend yield comparison.
| Year | VAW | IFRA |
|---|---|---|
| 2026 | 0.66% | 0.77% |
| 2025 | 1.55% | 1.84% |
| 2024 | 1.70% | 1.75% |
| 2023 | 1.72% | 1.98% |
| 2022 | 1.98% | 1.98% |
| 2021 | 1.44% | 1.63% |
| 2020 | 1.67% | 2.08% |
| 2019 | 1.94% | 1.68% |
| 2018 | 2.03% | 2.50% |
| 2017 | 1.63% | 0.00% |
| 2016 | 1.67% | 0.00% |
| 2015 | 2.30% | 0.00% |
| 2014 | 1.76% | 0.00% |
| 2013 | 1.84% | 0.00% |
| 2012 | 1.87% | 0.00% |
| 2011 | 2.16% | 0.00% |
| 2010 | 2.18% | 0.00% |
| 2009 | 1.36% | 0.00% |
| 2008 | 3.52% | 0.00% |
| 2007 | 1.45% | 0.00% |
| 2006 | 1.61% | 0.00% |
| 2005 | 1.61% | 0.00% |
| 2004 | 1.66% | 0.00% |
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