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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIRR or GLDM.
Key characteristics
| AIRR | GLDM | |
|---|---|---|
| YTD Return | 11.05% | 13.05% |
| 1Y Return | 45.63% | 17.21% |
| 3Y Return (Ann) | 15.59% | 9.28% |
| 5Y Return (Ann) | 20.33% | 12.54% |
| Sharpe Ratio | 1.91 | 1.36 |
| Daily Std Dev | 22.22% | 12.22% |
| Max Drawdown | -42.37% | -21.63% |
| Current Drawdown | -4.62% | -2.41% |
Correlation
The correlation between AIRR and GLDM is 0.02, 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.
Performance
AIRR vs. GLDM - Performance Comparison
In the year-to-date period, AIRR achieves a 11.05% return, which is significantly lower than GLDM's 13.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIRR vs. GLDM - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
AIRR vs. GLDM - Risk-Adjusted Performance 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.
Dividends
AIRR vs. GLDM - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.18%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% |
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% |
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. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. GLDM - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 6.29% compared to SPDR Gold MiniShares Trust (GLDM) at 5.08%. 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.