AIRR vs. BTC-USD
AIRR (First Trust RBA American Industrial Renaissance ETF) is Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, AIRR returned 22.05%/yr vs 57.32%/yr for BTC-USD. At a 0.12 correlation, their price movements are largely independent.
Performance
AIRR vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AIRR achieves a 31.74% return, which is significantly higher than BTC-USD's -27.32% return. Over the past 10 years, AIRR has underperformed BTC-USD with an annualized return of 22.05%, while BTC-USD has yielded a comparatively higher 57.32% annualized return.
AIRR
- 1D
- 0.83%
- 1M
- -0.02%
- YTD
- 31.74%
- 6M
- 28.77%
- 1Y
- 65.25%
- 3Y*
- 35.29%
- 5Y*
- 25.46%
- 10Y*
- 22.05%
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
AIRR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between AIRR and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2014 | 0.12 |
Over the past year, AIRR and BTC-USD have become more correlated (0.36) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
AIRR vs. BTC-USD — Risk / Return Rank
AIRR
BTC-USD
AIRR vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and Bitcoin (BTC-USD). 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.
| AIRR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.87 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | -0.78 | +5.79 |
| Martin ratioReturn relative to average drawdown | 18.33 | -1.36 | +19.69 |
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Drawdowns
AIRR vs. BTC-USD - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for AIRR and BTC-USD.
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Drawdown Indicators
| AIRR | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -85.30% | +42.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -51.21% | +38.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.95% | -51.21% | +23.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -76.67% | +48.72% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | -83.80% | +41.43% |
Current DrawdownCurrent decline from peak | -1.89% | -49.01% | +47.12% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -42.35% | +34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 35.02% | -31.45% |
Volatility
AIRR vs. BTC-USD - Volatility Comparison
The current volatility for First Trust RBA American Industrial Renaissance ETF (AIRR) is 9.32%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that AIRR experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIRR | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 12.11% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 34.59% | -13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 35.62% | -9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 44.71% | -19.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 56.62% | -30.26% |
Frequently Asked Questions
AIRR and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.11%) compared to AIRR (9.32%). In terms of maximum drawdown, AIRR dropped -42.37% vs BTC-USD's -85.30%.
AIRR currently has the higher Sharpe Ratio (2.50 vs -0.93), 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.
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