AIRR vs. GLDM
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and SPDR Gold MiniShares Trust (GLDM).
AIRR and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both AIRR and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AIRR vs. GLDM - Performance Comparison
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AIRR vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 15.16% | 27.92% | 33.45% | 31.43% | -2.08% | 33.01% | 17.17% | 33.97% | -19.14% |
GLDM SPDR Gold MiniShares Trust | 10.46% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
Returns By Period
In the year-to-date period, AIRR achieves a 15.16% return, which is significantly higher than GLDM's 10.46% return.
AIRR
- 1D
- 2.15%
- 1M
- -5.23%
- YTD
- 15.16%
- 6M
- 16.89%
- 1Y
- 64.64%
- 3Y*
- 33.38%
- 5Y*
- 22.72%
- 10Y*
- 20.74%
GLDM
- 1D
- 1.74%
- 1M
- -10.65%
- YTD
- 10.46%
- 6M
- 23.17%
- 1Y
- 52.61%
- 3Y*
- 34.09%
- 5Y*
- 22.33%
- 10Y*
- —
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AIRR vs. GLDM - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Return for Risk
AIRR vs. GLDM — Risk / Return Rank
AIRR
GLDM
AIRR vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and SPDR Gold MiniShares Trust (GLDM). 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.
| AIRR | GLDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | 1.92 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.99 | 2.35 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 5.06 | 2.74 | +2.32 |
Martin ratioReturn relative to average drawdown | 17.74 | 10.04 | +7.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIRR | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.92 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 1.27 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.11 | -0.48 |
Correlation
The correlation between AIRR and GLDM is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AIRR vs. GLDM - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.15%, while GLDM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AIRR vs. GLDM - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for AIRR and GLDM.
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Drawdown Indicators
| AIRR | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -21.63% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -19.14% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -20.92% | -7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | — | — |
Current DrawdownCurrent decline from peak | -7.14% | -11.68% | +4.54% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -6.05% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 5.22% | -1.49% |
Volatility
AIRR vs. GLDM - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 11.05% compared to SPDR Gold MiniShares Trust (GLDM) at 10.44%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIRR | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 10.44% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 19.75% | 24.12% | -4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 27.58% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.08% | 17.65% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.15% | 16.78% | +9.37% |