VAW vs XAR: holdings overlap, shared companies and scores
As of October 28, 2026, VAW and XAR overlap 0.0% by weight. Vanguard Materials ETF (VAW): U.S. materials companies. State Street SPDR S&P Aerospace & Defense ETF (XAR): U.S. aerospace and defense companies.
Updated October 28, 2026
Where VAW and XAR trade against their own history
VAW trades at 21.5 times earnings, against its own median of 19.3, and is more expensive than 60% of its own last 9 years.
XAR trades at 31.2 times earnings, against its own median of 26.2, and is more expensive than 76% of its own last 9 years.
What moved XAR this week
XAR rose 1.1% in the week to October 28, 2026. The holdings that moved it most were Lockheed Martin (+14.2%), Honeywell Aerospace (+9.0%) and Rocket LAB (+9.2%); Carpenter Technology (−23.9%) pushed the other way.
What do VAW and XAR each hold?
What's inside VAW: Tech 0%.
58% of VAW is its ten largest holdings.
What's inside XAR: Tech 1%.
32% of XAR is its ten largest holdings.
How much do VAW and XAR overlap? 0.0% by weight
As of October 28, 2026, VAW and XAR overlap 0.0% by weight.
0% of VAW is already inside XAR.
0% of XAR is already inside VAW.
VAW holds 110 companies and XAR holds 50; 0 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score VAW and XAR? 4.3 and 4.9 out of 10
As of October 28, 2026, ETF Copilot scores VAW 4.3 out of 10 and XAR 4.9 out of 10.
They differ most on Return: VAW 3.4 and XAR 7.9.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | VAW | XAR |
|---|---|---|
| Growth | 5.3 | 8.2 |
| Value | 4.6 | 2.1 |
| Risk | 4.6 | 2.0 |
| Quality | 3.4 | 0.9 |
| Return | 3.4 | 7.9 |
VAW is the cheaper of the two at 0.09% a year
As of October 28, 2026, VAW charges 0.09% a year, yields 1.40% and holds $4.5B in assets across 110 positions.
As of October 28, 2026, XAR charges 0.35% a year, yields 0.16% and holds $5.0B in assets across 50 positions.
| Measure | VAW | XAR |
|---|---|---|
| Expense ratio | 0.09% | 0.35% |
| Dividend yield | 1.40% | 0.16% |
| Assets under management | $4.5B | $5.0B |
| Holdings | 110 | 50 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “VAW vs XAR holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/vaw-vs-xar
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