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AIRR vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AIRR and QQQ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.7

Performance

AIRR vs. QQQ - Performance Comparison

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

200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
262.94%
473.94%
AIRR
QQQ

Key characteristics

Sharpe Ratio

AIRR:

0.29

QQQ:

0.47

Sortino Ratio

AIRR:

0.62

QQQ:

0.82

Omega Ratio

AIRR:

1.08

QQQ:

1.11

Calmar Ratio

AIRR:

0.30

QQQ:

0.52

Martin Ratio

AIRR:

0.84

QQQ:

1.79

Ulcer Index

AIRR:

9.84%

QQQ:

6.64%

Daily Std Dev

AIRR:

28.84%

QQQ:

25.28%

Max Drawdown

AIRR:

-42.37%

QQQ:

-82.98%

Current Drawdown

AIRR:

-19.05%

QQQ:

-12.28%

Returns By Period

In the year-to-date period, AIRR achieves a -9.60% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, AIRR has underperformed QQQ with an annualized return of 14.35%, while QQQ has yielded a comparatively higher 16.64% annualized return.


AIRR

YTD

-9.60%

1M

-1.40%

6M

-8.11%

1Y

8.63%

5Y*

28.03%

10Y*

14.35%

QQQ

YTD

-7.43%

1M

-2.44%

6M

-4.30%

1Y

12.01%

5Y*

17.97%

10Y*

16.64%

*Annualized

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AIRR vs. QQQ - Expense Ratio Comparison

AIRR has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Expense ratio chart for AIRR: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AIRR: 0.70%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

AIRR vs. QQQ — Risk-Adjusted Performance Rank

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

AIRR
The Risk-Adjusted Performance Rank of AIRR is 4242
Overall Rank
The Sharpe Ratio Rank of AIRR is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of AIRR is 4545
Sortino Ratio Rank
The Omega Ratio Rank of AIRR is 4242
Omega Ratio Rank
The Calmar Ratio Rank of AIRR is 4545
Calmar Ratio Rank
The Martin Ratio Rank of AIRR is 3737
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5757
Overall Rank
The Sharpe Ratio Rank of QQQ is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5656
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5656
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6262
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AIRR vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and Invesco QQQ (QQQ). 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.


The chart of Sharpe ratio for AIRR, currently valued at 0.29, compared to the broader market-1.000.001.002.003.004.00
AIRR: 0.29
QQQ: 0.47
The chart of Sortino ratio for AIRR, currently valued at 0.62, compared to the broader market-2.000.002.004.006.008.00
AIRR: 0.62
QQQ: 0.82
The chart of Omega ratio for AIRR, currently valued at 1.08, compared to the broader market0.501.001.502.002.50
AIRR: 1.08
QQQ: 1.11
The chart of Calmar ratio for AIRR, currently valued at 0.30, compared to the broader market0.002.004.006.008.0010.0012.00
AIRR: 0.30
QQQ: 0.52
The chart of Martin ratio for AIRR, currently valued at 0.84, compared to the broader market0.0020.0040.0060.00
AIRR: 0.84
QQQ: 1.79

The current AIRR Sharpe Ratio is 0.29, which is lower than the QQQ Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of AIRR and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.29
0.47
AIRR
QQQ

Dividends

AIRR vs. QQQ - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.30%, less than QQQ's 0.63% yield.


TTM20242023202220212020201920182017201620152014
AIRR
First Trust RBA American Industrial Renaissance ETF
0.30%0.18%0.23%0.12%0.05%0.10%0.20%0.43%0.30%0.08%0.47%0.37%
QQQ
Invesco QQQ
0.63%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

AIRR vs. QQQ - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AIRR and QQQ. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-19.05%
-12.28%
AIRR
QQQ

Volatility

AIRR vs. QQQ - Volatility Comparison

The current volatility for First Trust RBA American Industrial Renaissance ETF (AIRR) is 15.60%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that AIRR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.60%
16.86%
AIRR
QQQ