First Trust RBA American Industrial Renaissance ETF (AIRR) belongs to the Building & Construction category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AIRR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AIRR
AIRR charges 0.69% annually. There are 4 ETFs in the Building & Construction category with lower expense ratios, going as low as 0.30%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Hoya Capital Housing ETF | 0.30% | 34.76M | Mar 2019 | AIRR vs HOMZ | |
| SPDR S&P Homebuilders ETF | 0.35% | 2.07B | Jan 2006 | AIRR vs XHB | |
| iShares U.S. Home Construction ETF | 0.38% | 2.45B | May 2006 | AIRR vs ITB | |
| Invesco Dynamic Building & Construction ETF | 0.60% | 442.33M | Oct 2005 | AIRR vs PKB | |
| Defiance AI & Power Infrastructure ETF | 0.69% | 933.18M | Jul 2025 | AIRR vs AIPO |
Best Risk-Adjusted Alternatives to AIRR
AIRR has a PortfoliosLab risk / return rank of 66. No ETFs in the Building & Construction category have higher risk-adjusted ranks; the top alternatives shown here go as high as 35.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Building & Construction ETF | 35 | 442.33M | Oct 2005 | AIRR vs PKB | |
| Hoya Capital Housing ETF | 13 | 34.76M | Mar 2019 | AIRR vs HOMZ | |
| SPDR S&P Homebuilders ETF | 11 | 2.07B | Jan 2006 | AIRR vs XHB | |
| iShares U.S. Home Construction ETF | 9 | 2.45B | May 2006 | AIRR vs ITB |
Top Performing AIRR Alternatives (YTD)
AIRR is at 23.60% YTD. There is 1 ETF in the Building & Construction category with a higher YTD return, going as high as 36.75%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance AI & Power Infrastructure ETF | 36.75% | 933.18M | Jul 2025 | AIRR vs AIPO | |
| Invesco Dynamic Building & Construction ETF | 10.49% | 442.33M | Oct 2005 | AIRR vs PKB | |
| SPDR S&P Homebuilders ETF | 4.30% | 2.07B | Jan 2006 | AIRR vs XHB | |
| Hoya Capital Housing ETF | 2.69% | 34.76M | Mar 2019 | AIRR vs HOMZ | |
| iShares U.S. Home Construction ETF | 0.36% | 2.45B | May 2006 | AIRR vs ITB |
Lowest Volatility Alternatives to AIRR
AIRR has 27.11% 1-year volatility. There are 2 ETFs in the Building & Construction category with lower 1-year volatility, going as low as 20.06%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Hoya Capital Housing ETF | 20.06% | 34.76M | Mar 2019 | AIRR vs HOMZ | |
| Invesco Dynamic Building & Construction ETF | 24.57% | 442.33M | Oct 2005 | AIRR vs PKB | |
| SPDR S&P Homebuilders ETF | 28.68% | 2.07B | Jan 2006 | AIRR vs XHB | |
| iShares U.S. Home Construction ETF | 30.26% | 2.45B | May 2006 | AIRR vs ITB | |
| Defiance AI & Power Infrastructure ETF | 36.01% | 933.18M | Jul 2025 | AIRR vs AIPO |
Lowest Drawdown Alternatives to AIRR
AIRR has a 1-year max drawdown of -13.09%. No ETFs in the Building & Construction category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -15.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Building & Construction ETF | -15.41% | 442.33M | Oct 2005 | AIRR vs PKB | |
| Hoya Capital Housing ETF | -16.71% | 34.76M | Mar 2019 | AIRR vs HOMZ | |
| SPDR S&P Homebuilders ETF | -21.71% | 2.07B | Jan 2006 | AIRR vs XHB | |
| iShares U.S. Home Construction ETF | -26.04% | 2.45B | May 2006 | AIRR vs ITB |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 14 categories. AUM among these funds goes as high as $24B.
Often Compared With AIRR
Investors most often compare AIRR with PAVE, XLI, QQQ. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare AIRR with Any Fund or Stock
Compare AIRR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AIRR with funds that move differently
First Trust RBA American Industrial Renaissance ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AIRR.
Explore AIRR Diversifiers