AIRR vs. IGLD
AIRR (First Trust RBA American Industrial Renaissance ETF) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while IGLD is a Gold fund actively managed by First Trust. AIRR is passively managed, while IGLD is actively managed. Over the past 5 years, AIRR returned 23.37%/yr vs 12.09%/yr for IGLD. Their 0.14 correlation means their historical movements had little consistent relationship. AIRR charges 0.69%/yr vs 0.85%/yr for IGLD.
Performance
AIRR vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, AIRR achieves a 19.12% return, which is significantly higher than IGLD's -6.56% return.
AIRR
- 1D
- 1.59%
- 1M
- -7.04%
- 6M
- 6.28%
- YTD
- 19.12%
- 1Y
- 37.54%
- 3Y*
- 29.02%
- 5Y*
- 23.37%
- 10Y*
- 20.11%
- ALL TIME*
- 15.59%
IGLD
- 1D
- -1.09%
- 1M
- -1.14%
- 6M
- -15.05%
- YTD
- -6.56%
- 1Y
- 13.80%
- 3Y*
- 19.55%
- 5Y*
- 12.09%
- 10Y*
- —
- ALL TIME*
- 11.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.28M | $88.15M | $93.52M | |
| $4.80M | $5.50M | $7.14M |
AIRR vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 19.12% | 27.92% | 33.45% | 31.43% | -2.08% | 15.51% |
IGLD FT Vest Gold Strategy Target Income ETF | -6.56% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between AIRR and IGLD is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.14 |
The correlation between AIRR and IGLD shifts across timeframes, from 0.13 (5 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AIRR vs. IGLD — Risk / Return Rank
AIRR
IGLD
AIRR vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and FT Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 0.65 | +1.37 |
| Martin ratioReturn relative to average drawdown | 7.71 | 1.46 | +6.25 |
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Drawdowns
AIRR vs. IGLD - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, which is greater than IGLD's maximum drawdown of -23.84%. Use the drawdown chart below to compare losses from any high point for AIRR and IGLD.
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Drawdown Indicators
| AIRR | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -23.84% | -18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.18% | -23.84% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -27.95% | -23.84% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -23.84% | -4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | — | — |
Current DrawdownCurrent decline from peak | -12.16% | -22.04% | +9.88% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -5.70% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 10.55% | -6.07% |
Volatility
AIRR vs. IGLD - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 10.08% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 5.69%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIRR | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.08% | 5.69% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 22.06% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.07% | 25.10% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.72% | 15.74% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 15.43% | +11.04% |
AIRR vs. IGLD - Expense Ratio Comparison
AIRR has a 0.69% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
AIRR vs. IGLD - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.09%, less than IGLD's 21.34% 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% |
IGLD FT Vest Gold Strategy Target Income ETF | 20.71% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIRR and IGLD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIRR has higher volatility (10.08%) compared to IGLD (5.69%). In terms of maximum drawdown, AIRR dropped -42.37% vs IGLD's -23.84%.
On 5-year performance, AIRR leads with 23.37% vs 12.09% for IGLD. On fees, AIRR is cheaper at 0.69% per year. On volatility, IGLD has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AIRR has performed better with a 23.37% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIRR is cheaper with a 0.69% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 20.71%, compared with 0.09% for AIRR.
AIRR is categorized as Building & Construction, while IGLD is Gold. Their fees differ too: 0.69% for AIRR and 0.85% for IGLD.
AIRR currently has the higher Sharpe Ratio (1.23 vs 0.61), 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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