VAW vs SPY
Comparison between VANGUARD MATERIALS INDEX FUND ETF SHARES (VAW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VAW, delivering a return of +13.3% compared to +5.7%
VAW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VAW
$4.30B
Winner
SPY
$652B
Expense Ratio
VAW
0.09%
SPY
0.09%
Max Drawdown
VAW
63.47%
Winner
SPY
56.47%
Sharpe Ratio
VAW
1.33
Winner
SPY
2.07
5Y Beta
Winner
VAW
0.85
SPY
1.00
P/E Ratio
VAW
33.83
Winner
SPY
28.24
Forward P/E
Winner
VAW
18.45
SPY
21.85
5Y Dividends CAGR
Winner
VAW
14.00%
SPY
5.43%
5Y EPS CAGR
VAW
19.68%
Winner
SPY
25.79%
Debt to Equity
VAW
53.11%
Winner
SPY
22.35%
P/S Ratio
Winner
VAW
2.09
SPY
3.55
P/B Ratio
Winner
VAW
3.04
SPY
5.29
VAW vs SPY - Holdings Comparison
VAW and SPY have 27 common holdings. Overlap is 1.93%
VAW's top 25 holdings weight is 77.73%. SPY's top 25 holdings weight is 51.32%.
| Rank | VAW | SPY |
|---|---|---|
| #1 | LINDE PLC (LIN) - 14.44% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | NEWMONT CORP (NEM) - 8.63% | APPLE INC (AAPL) - 6.48% |
| #3 | FREEPORT-MCMORAN INC (FCX) - 5.95% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | SHERWIN-WILLIAMS CO (SHW) - 5.20% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | CRH PLC (CRH) - 4.89% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ECOLAB INC (ECL) - 4.78% | BROADCOM INC (AVGO) - 3.09% |
| #7 | AIR PRODUCTS AND CHEMICALS INC (APD) - 3.58% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CORTEVA INC (CTVA) - 3.29% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | VULCAN MATERIALS CO (VMC) - 2.49% | TESLA INC (TSLA) - 1.73% |
| #10 | MARTIN MARIETTA MATERIALS INC (MLM) - 2.48% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | NUCOR CORP (NUE) - 2.46% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.97% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | PPG INDUSTRIES INC (PPG) - 1.68% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | STEEL DYNAMICS INC (STLD) - 1.63% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ROYAL GOLD INC (RGLD) - 1.54% | WALMART INC (WMT) - 0.91% |
| #16 | SMURFIT WESTROCK PLC (SW) - 1.49% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | AMCOR PLC ORDINARY SHARES (AMCR) - 1.36% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | DOW INC (DOW) - 1.33% | VISA INC CLASS A (V) - 0.85% |
| #19 | INTERNATIONAL PAPER CO (IP) - 1.33% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.28% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | DUPONT DE NEMOURS INC (DD) - 1.28% | INTEL CORP (INTC) - 0.65% |
| #22 | ALBEMARLE CORP (ALB) - 1.28% | NETFLIX INC (NFLX) - 0.64% |
| #23 | PACKAGING CORP OF AMERICA (PKG) - 1.27% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | COEUR MINING INC (CDE) - 1.06% | CHEVRON CORP (CVX) - 0.58% |
| #25 | BALL CORP (BALL) - 1.04% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 117 | 505 |
VAW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
VAW
-0.60%
Winner
SPY
+9.11%
3M
VAW
-1.58%
Winner
SPY
+6.59%
6M
Winner
VAW
+20.78%
SPY
+10.56%
1Y
VAW
+26.93%
Winner
SPY
+32.04%
5Y(CAGR)
VAW
+5.67%
Winner
SPY
+13.35%
10Y(CAGR)
VAW
+10.80%
Winner
SPY
+15.49%
Max(CAGR)
Winner
VAW
+9.27%
SPY
+8.50%
VAW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VAW | SPY |
|---|---|---|
| 2026 | +10.98% | +8.27% |
| 2025 | +13.45% | +18.00% |
| 2024 | +0.72% | +25.59% |
| 2023 | +13.72% | +26.72% |
| 2022 | -10.82% | -18.64% |
| 2021 | +28.37% | +30.52% |
| 2020 | +20.65% | +17.28% |
| 2019 | +22.95% | +31.09% |
| 2018 | -18.75% | -5.24% |
| 2017 | +22.77% | +20.78% |
| 2016 | +23.44% | +13.59% |
| 2015 | -10.48% | +1.31% |
| 2014 | +6.67% | +14.56% |
| 2013 | +21.70% | +29.00% |
| 2012 | +14.15% | +14.17% |
| 2011 | -10.25% | +0.85% |
| 2010 | +20.83% | +13.14% |
| 2009 | +45.94% | +22.67% |
| 2008 | -46.00% | -36.25% |
| 2007 | +26.82% | +5.32% |
| 2006 | +17.74% | +13.85% |
| 2005 | +4.50% | +5.32% |
| 2004 | +21.63% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
VAW vs SPY Drawdown Comparison
The maximum drawdown for VAW was -62.12%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VAW drawdown is -4.11%.
| Rank | VAW | SPY |
|---|---|---|
| #1 | -62.12% May 16, 2008 - Jan 9, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.14% Jan 26, 2018 - Sep 1, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.23% Feb 24, 2015 - Nov 15, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.49% Apr 20, 2022 - Feb 29, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.20% Oct 18, 2024 - Dec 26, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -16.60% May 9, 2006 - Nov 22, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -16.36% Mar 4, 2005 - Jan 26, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.95% Jul 19, 2007 - Oct 9, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.12% Dec 10, 2007 - Apr 4, 2008 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.42% Feb 27, 2026 - Mar 20, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.15% Sep 5, 2014 - Feb 13, 2015 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.02% Mar 1, 2004 - Sep 2, 2004 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.29% Oct 31, 2007 - Dec 10, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.81% Jan 4, 2022 - Mar 25, 2022 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.71% May 17, 2021 - Nov 8, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VAW and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
VAW vs SPY dividend yield comparison.
| Year | VAW | SPY |
|---|---|---|
| 2026 | 0.34% | 0.24% |
| 2025 | 1.55% | 1.07% |
| 2024 | 1.70% | 1.21% |
| 2023 | 1.72% | 1.40% |
| 2022 | 1.98% | 1.65% |
| 2021 | 1.44% | 1.20% |
| 2020 | 1.67% | 1.52% |
| 2019 | 1.94% | 1.75% |
| 2018 | 2.03% | 2.04% |
| 2017 | 1.63% | 1.80% |
| 2016 | 1.67% | 2.03% |
| 2015 | 2.30% | 2.06% |
| 2014 | 1.76% | 1.87% |
| 2013 | 1.84% | 1.81% |
| 2012 | 1.87% | 2.18% |
| 2011 | 2.16% | 2.05% |
| 2010 | 2.18% | 1.80% |
| 2009 | 1.36% | 1.95% |
| 2008 | 3.52% | 3.02% |
| 2007 | 1.45% | 1.85% |
| 2006 | 1.61% | 1.73% |
| 2005 | 1.61% | 1.73% |
| 2004 | 1.66% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: VAW vs SPY
More Comparisons
Compare with similar stocks