VAW vs XAR: holdings overlap, shared companies and scores
As of September 11, 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 September 11, 2026
How much do VAW and XAR overlap?
As of September 11, 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 46; 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?
As of September 11, 2026, ETF Copilot scores VAW 3.6 out of 10 and XAR 4.8 out of 10.
They differ most on Return: VAW 3.0 and XAR 8.4.
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 | 5.2 | 7.9 |
| Valuation | 4.9 | 2.1 |
| Risk | 2.6 | 1.8 |
| Quality | 1.9 | 0.6 |
| Return | 3.0 | 8.4 |
VAW is the cheaper of the two at 0.09% a year
As of September 11, 2026, VAW charges 0.09% a year, yields 1.75% and holds $4.3B in assets across 110 positions.
As of September 11, 2026, XAR charges 0.35% a year, yields 0.83% and holds $5.7B in assets across 46 positions.
| Measure | VAW | XAR |
|---|---|---|
| Expense ratio | 0.09% | 0.35% |
| Dividend yield | 1.75% | 0.83% |
| Assets under management | $4.3B | $5.7B |
| Holdings | 110 | 46 |
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.
Where VAW and XAR trade against their own history
VAW trades at 22.2 times earnings, against its own median of 19.7, and is more expensive than 75% of its own 114 monthly readings since 2017.
XAR trades at 33.8 times earnings, against its own median of 24.4, and is more expensive than 89% of its own 114 monthly readings since 2017.
What moved VAW and XAR this week
VAW fell 3.3% in the week to September 11, 2026. The holdings that moved it most were Linde (−3.3%), Corteva (−5.3%) and Newmont (−2.8%); Materion (+7.0%) pushed the other way.
XAR fell 3.1% in the week to September 11, 2026. The holdings that moved it most were Axon Enterprise (−10.9%), Howmet Aerospace (−11.9%) and Karman (−12.9%); Ducommun (+3.7%) pushed the other way.
What do VAW and XAR each hold?
What's inside VAW: Tech 0%.
57% of VAW is its ten largest holdings.
What's inside XAR: Tech 2%.
31% of XAR is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “VAW vs XAR holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/vaw-vs-xar
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