VAW vs IYJ: Holdings Overlap
VAWVanguard Materials Index Fund
Vanguard · 110 holdings · $3.0B · as of 2026-05-31
IYJiShares U.S. Industrials ETF
iShares · 196 holdings · $2.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (VAW: 2026-05-31, IYJ: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are VAW and IYJ?
Vanguard Materials Index Fund (VAW, by Vanguard) holds 110 positions; iShares U.S. Industrials ETF (IYJ, by iShares) holds 196. They have 20 holdings in common, and by portfolio weight the two funds are 5.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20VAW holds 110 · IYJ holds 196
- Weight in Shared Holdings
- VAW 27%·IYJ 6%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in VAW
90 of 110 positions (72.7% of the fund) are not held by IYJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | VAW | IYJ |
|---|---|---|
| Materials | 99.5% | 5.5% |
| Industrials | 0.0% | 71.0% |
| Financials | 0.0% | 18.9% |
| Information Technology | 0.0% | 3.9% |
| Health Care | 0.0% | 0.3% |
| Other Sectors | 0.3% | 0.3% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VAW | +3.2% | +14.7% | +20.8% | +10.3% | +7.0% | +10.1% | 1.34% |
| IYJ | +2.4% | +14.0% | +19.0% | +16.9% | +9.3% | +12.7% | 0.70% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in VAW vs IYJ →
Shared Holdings(20)
The top 10 shared positions account for 82% of the overlap, led by CRH, SHW and VMC.
 CRHCRH plc | 4.68% | 1.00% | 1.00% |
|---|---|---|---|
 SHWThe Sherwin-Williams Company COM | 4.59% | 0.94% | 0.94% |
 VMCVulcan Materials Company COM | 2.40% | 0.50% | 0.50% |
 MLMMartin Marietta Materials Inc COM | 2.25% | 0.47% | 0.47% |
 DOWDow Inc COM | 1.54% | 0.36% | 0.36% |
 PPGPPG Industries, Inc. COM | 1.63% | 0.31% | 0.31% |
 SWSmurfit WestRock plc COM USD0.001 | 1.38% | 0.25% | 0.25% |
 DDDupont De Nemours Inc COM | 1.30% | 0.24% | 0.24% |
 PKGPackaging Corporation of America COM | 1.26% | 0.24% | 0.24% |
 AMCRAmcor PLC COM NEW | 1.15% | 0.22% | 0.22% |
 BALLBall Corporation COM | 0.89% | 0.21% | 0.21% |
 RPMRPM International Inc. COM | 0.87% | 0.16% | 0.16% |
 CCKCrown Holdings Inc COM | 0.70% | 0.14% | 0.14% |
 ATRAptargroup Inc. COM | 0.49% | 0.10% | 0.10% |
 EXPEagle Materials Inc. COM | 0.46% | 0.08% | 0.08% |
 AXTAAxalta Coating Systems Limited COM USD1.00 | 0.42% | 0.08% | 0.08% |
 SONSonoco Products Company COM | 0.31% | 0.06% | 0.06% |
 LPXLouisiana Pacific Corporation COM | 0.31% | 0.06% | 0.06% |
 SLGNSilgan Holdings Inc. COM | 0.22% | 0.05% | 0.05% |
 GPKGraphic Packaging Holding Company COM | 0.21% | 0.04% | 0.04% |
Frequently Asked Questions
How much do VAW and IYJ overlap?
VAW and IYJ overlap by 5.5% of portfolio weight. They share 20 holdings (VAW holds 110 positions and IYJ holds 196), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VAW and IYJ?
The two portfolios are 5.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of VAW and IYJ?
The largest positions held by both funds are CRH, SHW, VMC, MLM and DOW. Together the top 10 shared positions account for 82% of the total overlap.
What does VAW own that IYJ doesn't?
90 positions (72.7% of VAW) are unique to VAW, led by LIN, NEM and FCX. In the other direction, 176 positions (94.3% of IYJ) are unique to IYJ.