AIRR vs. IBID
AIRR (First Trust RBA American Industrial Renaissance ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, AIRR returned 41.30% vs 3.56% for IBID. Their -0.03 correlation means they have often moved in opposite directions in the past. AIRR charges 0.69%/yr vs 0.10%/yr for IBID.
Performance
AIRR vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, AIRR achieves a 22.38% return, which is significantly higher than IBID's 2.39% return.
AIRR
- 1D
- 2.73%
- 1M
- -4.50%
- 6M
- 6.93%
- YTD
- 22.38%
- 1Y
- 41.30%
- 3Y*
- 31.02%
- 5Y*
- 24.25%
- 10Y*
- 20.17%
- ALL TIME*
- 15.83%
IBID
- 1D
- -0.02%
- 1M
- 0.18%
- 6M
- 2.09%
- YTD
- 2.39%
- 1Y
- 3.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.28M | $87.33M | $93.05M | |
| $770.97K | $775.91K | $730.76K |
AIRR vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 22.38% | 27.92% | 33.45% | 7.39% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.39% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between AIRR and IBID is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.03 |
The correlation between AIRR and IBID shifts across timeframes, from -0.21 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIRR vs. IBID — Risk / Return Rank
AIRR
IBID
AIRR vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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 | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.66 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 6.50 | -4.08 |
| Martin ratioReturn relative to average drawdown | 9.17 | 22.86 | -13.69 |
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Drawdowns
AIRR vs. IBID - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for AIRR and IBID.
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Drawdown Indicators
| AIRR | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -1.28% | -41.09% |
Max Drawdown (1Y)Largest decline over 1 year | -17.18% | -0.55% | -16.63% |
Max Drawdown (3Y)Largest decline over 3 years | -27.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | — | — |
Current DrawdownCurrent decline from peak | -9.76% | -0.11% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -0.22% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 0.16% | +4.35% |
Volatility
AIRR vs. IBID - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 10.27% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIRR | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 0.32% | +9.95% |
Volatility (6M)Calculated over the trailing 6-month period | 22.42% | 0.92% | +21.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.14% | 1.16% | +26.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 2.21% | +23.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.50% | 2.21% | +24.29% |
AIRR vs. IBID - Expense Ratio Comparison
AIRR has a 0.69% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
AIRR vs. IBID - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.09%, less than IBID's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.09% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 4.90% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIRR and IBID have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIRR has higher volatility (10.27%) compared to IBID (0.32%). In terms of maximum drawdown, AIRR dropped -42.37% vs IBID's -1.28%.
On 1-year performance, AIRR leads with 41.30% vs 3.56% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIRR has performed better with a 41.30% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.69% for AIRR.
IBID has the higher dividend yield at 4.90%, compared with 0.09% for AIRR.
AIRR is categorized as Building & Construction, while IBID is Inflation-Protected Bonds. AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.69% for AIRR and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.10 vs 1.48), 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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