AIRR vs. HDV
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and iShares Core High Dividend ETF (HDV).
AIRR and HDV 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. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both AIRR and HDV 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 HDV.
Key characteristics
| AIRR | HDV | |
|---|---|---|
| YTD Return | 12.29% | 7.29% |
| 1Y Return | 43.08% | 10.40% |
| 3Y Return (Ann) | 15.89% | 8.35% |
| 5Y Return (Ann) | 20.59% | 6.78% |
| 10Y Return (Ann) | 13.37% | 7.82% |
| Sharpe Ratio | 2.14 | 1.03 |
| Daily Std Dev | 22.11% | 10.75% |
| Max Drawdown | -42.37% | -37.04% |
| Current Drawdown | -3.55% | -1.48% |
Correlation
The correlation between AIRR and HDV is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AIRR vs. HDV - Performance Comparison
In the year-to-date period, AIRR achieves a 12.29% return, which is significantly higher than HDV's 7.29% return. Over the past 10 years, AIRR has outperformed HDV with an annualized return of 13.37%, while HDV has yielded a comparatively lower 7.82% annualized 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. HDV - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is higher than HDV's 0.08% expense ratio.
Risk-Adjusted Performance
AIRR vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and iShares Core High Dividend ETF (HDV). 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. HDV - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.17%, less than HDV's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.17% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% | 0.00% |
HDV iShares Core High Dividend ETF | 3.40% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
AIRR vs. HDV - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for AIRR and HDV. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. HDV - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 5.94% compared to iShares Core High Dividend ETF (HDV) at 2.90%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.