AIRR vs. QQH

Last updated Jun 13, 2026

AIRR (First Trust RBA American Industrial Renaissance ETF) and QQH (HCM Defender 100 Index ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while QQH is a Technology Equities fund tracking the HCM Defender 100 Index. Both are passively managed. Over the past 5 years, AIRR returned 25.46%/yr vs 13.32%/yr for QQH. A 0.51 correlation means they provide meaningful diversification when combined. AIRR charges 0.69%/yr vs 1.14%/yr for QQH.

Performance

AIRR vs. QQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RBA American Industrial Renaissance ETF (AIRR) and HCM Defender 100 Index ETF (QQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIRR achieves a 31.74% return, which is significantly higher than QQH's 8.65% return.

AIRR

• 1D: 0.83%
• 1M: -0.02%
• YTD: 31.74%
• 6M: 28.77%
• 1Y: 65.25%
• 3Y*: 35.29%
• 5Y*: 25.46%
• 10Y*: 22.05%

QQH

• 1D: 0.72%
• 1M: -0.74%
• YTD: 8.65%
• 6M: 8.98%
• 1Y: 30.75%
• 3Y*: 22.44%
• 5Y*: 13.32%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIRR vs. QQH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIRR First Trust RBA American Industrial Renaissance ETF	31.74%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	12.46%
QQH HCM Defender 100 Index ETF	8.65%	15.66%	33.64%	48.05%	-39.60%	37.52%	41.71%	15.09%

Correlation

The correlation between AIRR and QQH is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019	0.51

The correlation between AIRR and QQH has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.

AIRR vs. QQH - Sectors Allocation Comparison

Sectors	AIRR	QQH
Industrials	84.6%	2.2%
Financial Services	9.6%	0.2%
Energy	3.8%	0.5%
Technology	0.5%	56.6%
Basic Materials	-	1.0%
Communication Services	-	14.9%
Consumer Cyclical	-	13.6%
Consumer Defensive	-	6.3%
Healthcare	-	3.5%
Real Estate	-	0.0%
Utilities	-	1.2%

Return for Risk

AIRR vs. QQH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIRR

AIRR Risk / Return Rank: 86
AIRR Sharpe Ratio Rank: 88
AIRR Sortino Ratio Rank: 83
AIRR Omega Ratio Rank: 78
AIRR Calmar Ratio Rank: 91
AIRR Martin Ratio Rank: 90

QQH

QQH Risk / Return Rank: 42
QQH Sharpe Ratio Rank: 45
QQH Sortino Ratio Rank: 40
QQH Omega Ratio Rank: 43
QQH Calmar Ratio Rank: 43
QQH Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIRR vs. QQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and HCM Defender 100 Index ETF (QQH). 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	QQH	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.39	+1.11
Sortino ratio: Return per unit of downside risk	3.22	1.84	+1.38
Omega ratio: Gain probability vs. loss probability	1.40	1.24	+0.15
Calmar ratio: Return relative to maximum drawdown	5.01	1.91	+3.10
Martin ratio: Return relative to average drawdown	18.33	5.10	+13.23

AIRR vs. QQH - Sharpe Ratio Comparison

The current AIRR Sharpe Ratio is 2.50, which is higher than the QQH Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AIRR and QQH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIRR vs. QQH - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, roughly equal to the maximum QQH drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for AIRR and QQH.

Drawdown Indicators

	AIRR	QQH	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-41.87%	-0.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-16.18%	+3.09%
Max Drawdown (3Y) Largest decline over 3 years	-27.95%	-24.84%	-3.11%
Max Drawdown (5Y) Largest decline over 5 years	-27.95%	-41.87%	+13.92%
Max Drawdown (10Y) Largest decline over 10 years	-42.37%	—	—
Current Drawdown Current decline from peak	-1.89%	-5.87%	+3.98%
Average Drawdown Average peak-to-trough decline	-7.48%	-12.90%	+5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	6.04%	-2.47%

Volatility

AIRR vs. QQH - Volatility Comparison

The current volatility for First Trust RBA American Industrial Renaissance ETF (AIRR) is 9.32%, while HCM Defender 100 Index ETF (QQH) has a volatility of 9.85%. This indicates that AIRR experiences smaller price fluctuations and is considered to be less risky than QQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIRR	QQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	9.85%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	20.81%	16.84%	+3.97%
Volatility (1Y) Calculated over the trailing 1-year period	26.19%	22.17%	+4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	21.81%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	24.89%	+1.47%

AIRR vs. QQH - Expense Ratio Comparison

AIRR has a 0.69% expense ratio, which is lower than QQH's 1.14% expense ratio.

Dividends

AIRR vs. QQH - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.13%, less than QQH's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRR First Trust RBA American Industrial Renaissance ETF	0.13%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%
QQH HCM Defender 100 Index ETF	0.19%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIRR and QQH in my portfolio?

AIRR and QQH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIRR or QQH?

QQH has higher volatility (9.85%) compared to AIRR (9.32%). In terms of maximum drawdown, AIRR dropped -42.37% vs QQH's -41.87%.

Which ETF is better, AIRR or QQH?

On 5-year performance, AIRR leads with 25.46% vs 13.32% for QQH. On fees, AIRR is cheaper at 0.69% per year. On volatility, AIRR has been the lower-risk option at 9.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIRR or QQH?

Over the 5-year period, AIRR has performed better with a 25.46% return vs 13.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIRR or QQH?

AIRR is cheaper with a 0.69% expense ratio, compared with 1.14% for QQH.

Which ETF pays a higher dividend yield, AIRR or QQH?

QQH has the higher dividend yield at 0.19%, compared with 0.13% for AIRR.

What is the main difference between AIRR and QQH?

AIRR is categorized as Building & Construction, while QQH is Technology Equities. AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index, while QQH tracks HCM Defender 100 Index. They also come from different issuers: First Trust and Howard Capital Management. Their fees differ too: 0.69% for AIRR and 1.14% for QQH.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (2.50 vs 1.39), 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.