AIRR vs. RSHO
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and Tema American Reshoring ETF (RSHO).
AIRR and RSHO 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. RSHO is an actively managed fund by Tema. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIRR or RSHO.
Correlation
The correlation between AIRR and RSHO is 0.71, 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.
Performance
AIRR vs. RSHO - Performance Comparison
Key characteristics
AIRR:
0.42
RSHO:
0.03
AIRR:
0.80
RSHO:
0.23
AIRR:
1.10
RSHO:
1.03
AIRR:
0.44
RSHO:
0.03
AIRR:
1.25
RSHO:
0.09
AIRR:
9.76%
RSHO:
8.72%
AIRR:
28.83%
RSHO:
25.59%
AIRR:
-42.37%
RSHO:
-27.31%
AIRR:
-18.51%
RSHO:
-18.18%
Returns By Period
The year-to-date returns for both investments are quite close, with AIRR having a -9.00% return and RSHO slightly higher at -8.86%.
AIRR
-9.00%
-2.29%
-7.90%
9.32%
28.22%
14.52%
RSHO
-8.86%
-4.35%
-10.35%
-0.70%
N/A
N/A
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AIRR vs. RSHO - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is lower than RSHO's 0.75% expense ratio.
Risk-Adjusted Performance
AIRR vs. RSHO — Risk-Adjusted Performance Rank
AIRR
RSHO
AIRR vs. RSHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and Tema American Reshoring ETF (RSHO). 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. RSHO - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.29%, which matches RSHO's 0.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.29% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
RSHO Tema American Reshoring ETF | 0.29% | 0.26% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AIRR vs. RSHO - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, which is greater than RSHO's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for AIRR and RSHO. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. RSHO - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) and Tema American Reshoring ETF (RSHO) have volatilities of 15.66% and 15.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.