ADI vs. AIRR

Last updated Jun 13, 2026

ADI (Analog Devices, Inc.) is a stock, while AIRR (First Trust RBA American Industrial Renaissance ETF) is Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. Over the past 10 years, ADI returned 24.34%/yr vs 22.05%/yr for AIRR. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

ADI vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Analog Devices, Inc. (ADI) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADI achieves a 54.96% return, which is significantly higher than AIRR's 31.74% return. Over the past 10 years, ADI has outperformed AIRR with an annualized return of 24.34%, while AIRR has yielded a comparatively lower 22.05% annualized return.

ADI

• 1D: 1.37%
• 1M: 0.35%
• YTD: 54.96%
• 6M: 50.45%
• 1Y: 88.15%
• 3Y*: 31.61%
• 5Y*: 22.09%
• 10Y*: 24.34%

AIRR

• 1D: 0.83%
• 1M: -1.26%
• YTD: 31.74%
• 6M: 28.77%
• 1Y: 67.12%
• 3Y*: 35.29%
• 5Y*: 25.46%
• 10Y*: 22.05%

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

ADI vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADI Analog Devices, Inc.	54.96%	29.75%	8.82%	23.36%	-4.91%	20.96%	26.87%	41.31%	-1.64%	25.30%
AIRR First Trust RBA American Industrial Renaissance ETF	31.74%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	33.97%	-20.57%	16.28%

Correlation

The correlation between ADI and AIRR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 11, 2014	0.54

The correlation between ADI and AIRR has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

ADI vs. AIRR — Risk / Return Rank

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

ADI

ADI Risk / Return Rank: 93
ADI Sharpe Ratio Rank: 94
ADI Sortino Ratio Rank: 93
ADI Omega Ratio Rank: 91
ADI Calmar Ratio Rank: 93
ADI Martin Ratio Rank: 93

AIRR

AIRR Risk / Return Rank: 86
AIRR Sharpe Ratio Rank: 88
AIRR Sortino Ratio Rank: 83
AIRR Omega Ratio Rank: 78
AIRR Calmar Ratio Rank: 91
AIRR Martin Ratio Rank: 90

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.

ADI vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Analog Devices, Inc. (ADI) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.

	ADI	AIRR	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.50	+0.08
Sortino ratio: Return per unit of downside risk	3.38	3.22	+0.15
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	5.27	5.01	+0.26
Martin ratio: Return relative to average drawdown	14.52	18.33	-3.81

ADI vs. AIRR - Sharpe Ratio Comparison

The current ADI Sharpe Ratio is 2.59, which is comparable to the AIRR Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of ADI and AIRR, 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

ADI vs. AIRR - Drawdown Comparison

The maximum ADI drawdown since its inception was -82.88%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for ADI and AIRR.

Drawdown Indicators

	ADI	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-42.37%	-40.51%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	-13.09%	-2.64%
Max Drawdown (3Y) Largest decline over 3 years	-32.20%	-27.95%	-4.25%
Max Drawdown (5Y) Largest decline over 5 years	-32.20%	-27.95%	-4.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.62%	-42.37%	+8.75%
Current Drawdown Current decline from peak	-4.54%	-1.89%	-2.65%
Average Drawdown Average peak-to-trough decline	-33.91%	-7.48%	-26.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	3.57%	+2.13%

Volatility

ADI vs. AIRR - Volatility Comparison

Analog Devices, Inc. (ADI) has a higher volatility of 14.81% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.32%. This indicates that ADI's price experiences larger fluctuations and is considered to be riskier than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADI	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	9.32%	+5.49%
Volatility (6M) Calculated over the trailing 6-month period	25.30%	20.81%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	32.01%	26.19%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.13%	25.45%	+7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.78%	26.36%	+6.42%

Dividends

ADI vs. AIRR - Dividend Comparison

ADI's dividend yield for the trailing twelve months is around 1.00%, more than AIRR's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADI Analog Devices, Inc.	1.00%	1.46%	1.73%	1.73%	1.85%	1.57%	1.68%	1.82%	2.24%	2.02%	2.31%	2.89%
AIRR First Trust RBA American Industrial Renaissance ETF	0.13%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%

Frequently Asked Questions

Can I hold both ADI and AIRR in my portfolio?

ADI and AIRR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADI or AIRR?

ADI has higher volatility (14.81%) compared to AIRR (9.32%). In terms of maximum drawdown, ADI dropped -82.88% vs AIRR's -42.37%.

Which has better risk-adjusted returns?

ADI currently has the higher Sharpe Ratio (2.59 vs 2.50), 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.