# VIS ETF: fees, returns, drawdowns and holdings

> What VIS holds, its 0.09% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

Vanguard Industrials ETF (VIS) is an exchange-traded fund (ETF) run by Vanguard. This fund owns shares of about 400 US industrial companies. It charges 0.09% a year. From September 2004 to October 2026 it returned about 10.5% a year, and its worst drop was −63.5%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.09% a year (about $9 on $10,000).
- Started trading on September 23, 2004.
- Last close: $320.51 on October 16, 2026.
- Return over the last year: 10.2%.
- Worst drop since 2004: −63.5%.
- No Tactfolio classic strategies hold it.

## How has VIS done since 2004?

From September 2004 to October 2026, VIS returned about 10.5% a year. The S&P 500 returned about 11.1% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $89,980 at the end, with every dividend reinvested.

| Period | VIS | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | −0.8% | 1.5% |
| 3 months | −7.4% | 1.9% |
| 6 months | −2.9% | 9.3% |
| Year to date | 8.2% | 12.8% |
| 1 year | 10.2% | 16.8% |
| 3 years, per year | 19.0% | 22.0% |
| 5 years, per year | 11.6% | 12.8% |
| 10 years, per year | 13.1% | 15.4% |
| Since 2004, per year | 10.5% | 11.1% |

Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## VIS returns by month and year

VIS rose in 166 of its 266 months (62%). Its best month was April 2009, at 19.2%. Its worst was March 2020, at −20.1%.

| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Full year |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026 (part) | 7.3% | 6.8% | −8.4% | 8.9% | 0.2% | 6.0% | −4.4% | −2.5% | −4.3% | 0.0% |  |  | 8.2% |
| 2025 | 4.7% | −2.6% | −4.3% | 0.1% | 8.7% | 4.2% | 3.5% | 0.5% | 2.0% | 1.4% | −1.1% | 0.8% | 18.6% |
| 2024 | −1.2% | 7.1% | 4.9% | −4.1% | 2.4% | −1.5% | 5.6% | 1.8% | 3.2% | −1.0% | 8.6% | −8.7% | 16.9% |
| 2023 | 5.6% | −0.5% | −0.4% | −1.0% | −2.4% | 12.0% | 3.1% | −2.1% | −5.8% | −3.9% | 9.5% | 7.9% | 22.5% |
| 2022 | −6.3% | −0.5% | 3.0% | −7.9% | −0.8% | −7.7% | 10.6% | −2.6% | −10.0% | 12.9% | 7.2% | −3.9% | −8.6% |
| 2021 | −2.9% | 6.8% | 7.7% | 3.6% | 2.5% | −2.0% | 0.4% | 0.9% | −5.4% | 6.8% | −3.1% | 4.7% | 20.8% |
| 2020 | −0.6% | −9.2% | −20.1% | 9.5% | 5.9% | 1.9% | 4.5% | 8.3% | −1.1% | −1.1% | 16.8% | 2.0% | 12.3% |
| 2019 | 11.3% | 6.3% | −1.3% | 4.6% | −7.5% | 8.2% | 0.8% | −3.1% | 3.1% | 1.4% | 4.3% | 0.1% | 30.1% |
| 2018 | 4.6% | −4.4% | −2.0% | −2.7% | 3.3% | −2.5% | 6.7% | 0.8% | 1.5% | −11.2% | 3.6% | −11.0% | −14.0% |
| 2017 | 1.4% | 3.4% | −0.6% | 1.9% | 0.7% | 1.6% | 0.2% | 0.0% | 4.8% | 0.7% | 3.9% | 1.9% | 21.5% |
| 2016 | −6.4% | 3.9% | 7.7% | 1.1% | 0.1% | 0.3% | 3.8% | 1.1% | −0.1% | −2.2% | 9.7% | 0.7% | 20.4% |
| 2015 | −3.9% | 6.2% | −1.5% | −0.6% | 0.4% | −2.2% | 0.0% | −5.2% | −2.9% | 8.7% | 1.2% | −2.8% | −3.5% |
| 2014 | −4.0% | 4.1% | 0.7% | 0.9% | 1.8% | 0.9% | −4.5% | 4.4% | −2.4% | 3.9% | 2.8% | −1.4% | 6.8% |
| 2013 | 6.2% | 2.5% | 3.1% | −1.2% | 5.0% | −1.5% | 6.2% | −2.9% | 6.2% | 4.8% | 3.6% | 4.2% | 41.9% |
| 2012 | 7.5% | 2.9% | 1.3% | −0.9% | −6.2% | 2.9% | 0.1% | 1.9% | 1.8% | 0.1% | 2.0% | 3.2% | 17.2% |
| 2011 | 3.6% | 2.6% | 2.1% | 2.6% | −3.0% | −0.9% | −6.8% | −7.0% | −10.2% | 15.2% | 0.8% | 0.9% | −2.3% |
| 2010 | −2.1% | 4.9% | 8.7% | 4.4% | −8.9% | −7.0% | 9.9% | −7.6% | 11.8% | 3.5% | 1.8% | 7.8% | 27.3% |
| 2009 | −12.5% | −16.9% | 8.7% | 19.2% | 2.9% | −1.6% | 9.3% | 3.9% | 6.8% | −4.8% | 8.0% | 2.7% | 22.1% |
| 2008 | −5.3% | −2.1% | 2.0% | 2.9% | 2.1% | −11.2% | 1.8% | 1.5% | −12.8% | −19.5% | −8.7% | 3.0% | −39.8% |
| 2007 | 2.2% | −0.5% | 0.4% | 4.7% | 5.7% | −0.1% | 0.8% | −0.6% | 4.1% | 0.7% | −3.9% | −0.6% | 13.2% |
| 2006 | 1.9% | 2.9% | 4.6% | 2.1% | −2.4% | −0.3% | −5.6% | 1.2% | 3.2% | 3.3% | 2.9% | 0.8% | 15.2% |
| 2005 | −3.0% | 1.5% | −0.1% | −4.0% | 3.7% | −1.6% | 4.5% | −2.7% | 2.4% | −1.0% | 5.7% | 0.6% | 5.5% |
| 2004 (part) |  |  |  |  |  |  |  |  | 0.8% | 1.1% | 6.9% | 3.0% | 12.2% |

Each month runs from the last close of the month before. The first month counts from the first close.

## How risky is VIS compared with the S&P 500?

Measured from October 2021 to October 2026, on the days both traded.

- **Beta 0.93.** When the S&P 500 moved 1% in a day, VIS tended to move about 0.93%.
- **Correlation 0.86.** VIS mostly moved with the S&P 500.
- **Up and down months.** In months the S&P 500 rose, VIS rose 96% as much on average. In months it fell, VIS fell 96% as much.

| Measure | VIS | S&P 500 (SPY) |
| --- | --- | --- |
| Return per year | 11.6% | 12.8% |
| Volatility | 18.6% | 17.1% |
| Worst drop | −23.0% | −24.5% |
| Sharpe ratio | 0.68 | 0.79 |
| Sortino ratio | 1.00 | 1.15 |
| Calmar ratio | 0.50 | 0.52 |

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

## Is VIS above its 200-day average?

VIS closed 3.8% below its 200-day average on October 16, 2026. A rule that holds VIS only above that average would be out of it today.

- Its 50-day average is 0.1% above its 200-day average.
- It closed 10.9% below its highest close of the last 52 weeks.

A moving average is the average close over the last so many days. Trend rules such as [the 10-month moving average strategy](https://tactfolio.com/strategies/faber-10-month-moving-average.md) hold a fund only while it is above one. You can [build that rule for VIS](https://tactfolio.com/builder) and backtest it in a minute.

## What was VIS's worst drop?

A drawdown is how far a fund falls from its last high point. VIS's worst fall was −63.5%, from October 9, 2007 to March 9, 2009. It got back to that high on December 18, 2012. On October 16, 2026 it was 10.9% below its highest close.

| Drop | Started | Bottom | Back to the high | Fall took | Recovery took |
| --- | --- | --- | --- | --- | --- |
| −63.5% | Oct 9, 2007 | Mar 9, 2009 | Dec 18, 2012 | 17 months | 3.8 years |
| −42.4% | Feb 12, 2020 | Mar 23, 2020 | Nov 9, 2020 | 40 days | 8 months |
| −24.4% | Sep 21, 2018 | Dec 24, 2018 | Jul 24, 2019 | 3 months | 7 months |
| −23.0% | Nov 16, 2021 | Sep 30, 2022 | Jun 29, 2023 | 10 months | 9 months |
| −20.8% | Nov 29, 2024 | Apr 8, 2025 | Jun 27, 2025 | 4 months | 3 months |

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## What does VIS hold?

This fund owns shares of about 400 US industrial companies. They make things like machines and airplane parts, or run railroads, trucking, and business services. It holds only one part of the stock market, so it is less spread out than a broad fund.

It tracks the MSCI US Investable Market Industrials 25/50 Index. It had 396 holdings as of September 30, 2026, according to Vanguard.

| Fact | VIS |
| --- | --- |
| Full name | Vanguard Industrials ETF |
| Issuer | Vanguard |
| Expense ratio | 0.09% a year |
| Started trading | September 23, 2004 |
| Tracks | MSCI US Investable Market Industrials 25/50 Index |
| Type | US stocks, ETF |
| Holdings | 396 holdings as of September 30, 2026 |
| Facts checked | October 17, 2026 on the [Vanguard fund page](https://investor.vanguard.com/investment-products/etfs/profile/vis) |

## What is the VIS expense ratio?

VIS charges 0.09% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.09% fee comes to about $9 a year. Of the 162 ETFs on Tactfolio, 52% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## Which Tactfolio strategies hold VIS?

No classic strategy holds VIS yet. You can add it to your own rules in the [builder](https://tactfolio.com/builder) and see how they would have done.

## How does VIS compare with similar ETFs?

Funds that can stand in for VIS:

- [XLI](https://tactfolio.com/etf/XLI.md): State Street Industrial Select Sector SPDR ETF, 0.08% a year
- [XLB](https://tactfolio.com/etf/XLB.md): State Street Materials Select Sector SPDR ETF, 0.08% a year
- [VAW](https://tactfolio.com/etf/VAW.md): Vanguard Materials ETF, 0.09% a year
- [VTV](https://tactfolio.com/etf/VTV.md): Vanguard Morningstar Value ETF, 0.03% a year

See [all 8 VIS alternatives](https://tactfolio.com/alternatives/VIS.md), compared on the same dates as VIS.

## Test VIS in your own rules

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add VIS, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for VIS and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from Vanguard. We checked them on October 17, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of VIS?

VIS charges 0.09% a year, according to Vanguard as of October 17, 2026. That is about $9 a year for every $10,000 you hold.

### When did VIS start trading?

VIS started trading on September 23, 2004. It is run by Vanguard.

### What does VIS track?

VIS tracks the MSCI US Investable Market Industrials 25/50 Index. This fund owns shares of about 400 US industrial companies.

### How much has VIS returned per year?

From September 2004 to October 2026, VIS returned about 10.5% a year with dividends reinvested. Its worst drop was −63.5%. Past returns do not tell you what it will do next.

### Is VIS above its 200-day moving average?

On October 16, 2026, VIS closed 3.8% below its 200-day moving average. This page updates after each US market close.

### Which strategies use VIS?

None of Tactfolio's classic strategies hold VIS yet. You can test it in your own rules in the builder.

## Sources

- [Vanguard: Vanguard Industrials ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vis)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.