PRN vs. VIS

Last updated Jun 23, 2026

PRN (Invesco DWA Industrials Momentum ETF) and VIS (Vanguard Industrials ETF) are both exchange-traded funds - PRN is a Momentum fund tracking the DWA Industrials Technical Leaders Index, while VIS is a Industrials Equities fund tracking the MSCI US Investable Market Industrials 25/50 Index. Both are passively managed. Over the past 10 years, PRN returned 19.46%/yr vs 14.60%/yr for VIS. Their correlation of 0.88 suggests significant overlap in exposure. PRN charges 0.60%/yr vs 0.09%/yr for VIS.

Performance

PRN vs. VIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Industrials Momentum ETF (PRN) and Vanguard Industrials ETF (VIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRN achieves a 50.44% return, which is significantly higher than VIS's 17.02% return. Over the past 10 years, PRN has outperformed VIS with an annualized return of 19.46%, while VIS has yielded a comparatively lower 14.60% annualized return.

PRN

• 1D: 2.86%
• 1M: 10.92%
• YTD: 50.44%
• 6M: 44.68%
• 1Y: 74.79%
• 3Y*: 37.93%
• 5Y*: 21.85%
• 10Y*: 19.46%

VIS

• 1D: -2.14%
• 1M: 3.63%
• YTD: 17.02%
• 6M: 15.14%
• 1Y: 28.65%
• 3Y*: 22.20%
• 5Y*: 13.58%
• 10Y*: 14.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRN vs. VIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRN Invesco DWA Industrials Momentum ETF	50.44%	13.74%	30.35%	37.96%	-25.09%	25.21%	36.39%	34.52%	-16.19%	22.82%
VIS Vanguard Industrials ETF	17.02%	18.57%	16.85%	22.50%	-8.57%	20.80%	12.34%	30.09%	-14.01%	21.47%

Correlation

The correlation between PRN and VIS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 12, 2006	0.88

The correlation between PRN and VIS has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

PRN vs. VIS - Sectors Allocation Comparison

Sectors	PRN	VIS
Industrials	78.2%	90.2%
Technology	20.4%	4.2%
Basic Materials	1.8%	0.1%
Energy	1.6%	0.2%
Consumer Cyclical	1.2%	1.1%
Financial Services	0.1%	0.2%
Communication Services	-	0.0%
Consumer Defensive	-	-
Healthcare	-	0.0%
Real Estate	-	0.0%
Utilities	-	3.8%

Return for Risk

PRN vs. VIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRN

PRN Risk / Return Rank: 79
PRN Sharpe Ratio Rank: 81
PRN Sortino Ratio Rank: 69
PRN Omega Ratio Rank: 69
PRN Calmar Ratio Rank: 90
PRN Martin Ratio Rank: 86

VIS

VIS Risk / Return Rank: 50
VIS Sharpe Ratio Rank: 50
VIS Sortino Ratio Rank: 50
VIS Omega Ratio Rank: 46
VIS Calmar Ratio Rank: 49
VIS Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRN vs. VIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Industrials Momentum ETF (PRN) and Vanguard Industrials ETF (VIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PRN	VIS	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.66	+0.83
Sortino ratio: Return per unit of downside risk	3.03	2.36	+0.67
Omega ratio: Gain probability vs. loss probability	1.39	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	5.31	2.34	+2.97
Martin ratio: Return relative to average drawdown	17.44	9.68	+7.76

PRN vs. VIS - Sharpe Ratio Comparison

The current PRN Sharpe Ratio is 2.49, which is higher than the VIS Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PRN and VIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRN vs. VIS - Drawdown Comparison

The maximum PRN drawdown since its inception was -59.88%, smaller than the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for PRN and VIS.

Drawdown Indicators

	PRN	VIS	Difference
Max Drawdown Largest peak-to-trough decline	-59.88%	-63.51%	+3.63%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-12.29%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-20.80%	-9.98%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-22.96%	-11.88%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	-42.42%	+6.15%
Current Drawdown Current decline from peak	0.00%	-2.14%	+2.14%
Average Drawdown Average peak-to-trough decline	-10.82%	-8.36%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	2.97%	+1.33%

Volatility

PRN vs. VIS - Volatility Comparison

Invesco DWA Industrials Momentum ETF (PRN) has a higher volatility of 11.27% compared to Vanguard Industrials ETF (VIS) at 6.60%. This indicates that PRN's price experiences larger fluctuations and is considered to be riskier than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRN	VIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.27%	6.60%	+4.67%
Volatility (6M) Calculated over the trailing 6-month period	24.13%	14.33%	+9.80%
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	17.37%	+12.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.36%	18.49%	+6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	20.46%	+3.91%

PRN vs. VIS - Expense Ratio Comparison

PRN has a 0.60% expense ratio, which is higher than VIS's 0.09% expense ratio.

Dividends

PRN vs. VIS - Dividend Comparison

PRN's dividend yield for the trailing twelve months is around 0.11%, less than VIS's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRN Invesco DWA Industrials Momentum ETF	0.08%	0.17%	0.39%	0.52%	0.82%	0.11%	0.10%	0.42%	0.29%	0.60%	0.57%	0.44%
VIS Vanguard Industrials ETF	0.87%	1.01%	1.23%	1.36%	1.52%	1.11%	1.38%	1.68%	1.90%	1.60%	1.81%	1.94%

Frequently Asked Questions

Can I hold both PRN and VIS in my portfolio?

PRN and VIS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRN or VIS?

PRN has higher volatility (11.27%) compared to VIS (6.60%). In terms of maximum drawdown, PRN dropped -59.88% vs VIS's -63.51%.

Which ETF is better, PRN or VIS?

On 10-year performance, PRN leads with 19.46% vs 14.60% for VIS. On fees, VIS is cheaper at 0.09% per year. On volatility, VIS has been the lower-risk option at 6.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRN or VIS?

Over the 10-year period, PRN has performed better with a 19.46% return vs 14.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRN or VIS?

VIS is cheaper with a 0.09% expense ratio, compared with 0.60% for PRN.

Which ETF pays a higher dividend yield, PRN or VIS?

VIS has the higher dividend yield at 0.87%, compared with 0.11% for PRN.

What is the main difference between PRN and VIS?

PRN is categorized as Momentum, while VIS is Industrials Equities. PRN tracks DWA Industrials Technical Leaders Index, while VIS tracks MSCI US Investable Market Industrials 25/50 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.60% for PRN and 0.09% for VIS.

Which has better risk-adjusted returns?

PRN currently has the higher Sharpe Ratio (2.49 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.