In a word...yes.
As Katie mentioned, you need an appropriate length fastener and a cap nail is ideal.
What you haven't mentioned is what the wall depth is as well as climate. If you have 2x6 walls, 1 ... read more
I think you really need to see both on a home and decide what looks better to you. Vinyl will be cheaper and is a more modular system and less prone to leakage and installation errors.