AIRR vs. SGRT

Last updated Jun 14, 2026

AIRR (First Trust RBA American Industrial Renaissance ETF) and SGRT (SMART Earnings Growth 30 ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while SGRT is a Large Cap Growth Equities fund. AIRR is passively managed, while SGRT is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. AIRR charges 0.69%/yr vs 0.59%/yr for SGRT.

Performance

AIRR vs. SGRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RBA American Industrial Renaissance ETF (AIRR) and SMART Earnings Growth 30 ETF (SGRT). 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 lower than SGRT's 44.22% return.

AIRR

• 1D: 0.83%
• 1M: 1.32%
• YTD: 31.74%
• 6M: 28.77%
• 1Y: 67.12%
• 3Y*: 35.29%
• 5Y*: 25.46%
• 10Y*: 22.05%

SGRT

• 1D: 2.15%
• 1M: 2.76%
• YTD: 44.22%
• 6M: 48.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIRR vs. SGRT - Yearly Performance Comparison

	2026 (YTD)	2025
AIRR First Trust RBA American Industrial Renaissance ETF	31.74%	9.44%
SGRT SMART Earnings Growth 30 ETF	44.22%	26.83%

Correlation

The correlation between AIRR and SGRT is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.69

Return for Risk

AIRR vs. SGRT — 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

SGRT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and SMART Earnings Growth 30 ETF (SGRT). 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	SGRT	Difference
Sharpe ratio: Return per unit of total volatility	2.50	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	5.01	—	—
Martin ratio: Return relative to average drawdown	18.33	—	—

Drawdowns

AIRR vs. SGRT - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, which is greater than SGRT's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for AIRR and SGRT.

Drawdown Indicators

	AIRR	SGRT	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-17.87%	-24.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	—	—
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 Drawdown Current decline from peak	-1.89%	-4.78%	+2.89%
Average Drawdown Average peak-to-trough decline	-7.48%	-3.24%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	—	—

Volatility

Volatility by Period

	AIRR	SGRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.19%	34.85%	-8.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	34.85%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	34.85%	-8.49%

AIRR vs. SGRT - Expense Ratio Comparison

AIRR has a 0.69% expense ratio, which is higher than SGRT's 0.59% expense ratio.

Dividends

AIRR vs. SGRT - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.13%, more than SGRT's 0.11% 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%
SGRT SMART Earnings Growth 30 ETF	0.11%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIRR and SGRT in my portfolio?

AIRR and SGRT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIRR or SGRT?

On fees, SGRT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIRR or SGRT?

SGRT is cheaper with a 0.59% expense ratio, compared with 0.69% for AIRR.

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

AIRR has the higher dividend yield at 0.13%, compared with 0.11% for SGRT.

What is the main difference between AIRR and SGRT?

AIRR is categorized as Building & Construction, while SGRT is Large Cap Growth Equities. Their fees differ too: 0.69% for AIRR and 0.59% for SGRT.