AIRR vs. VCR
AIRR (First Trust RBA American Industrial Renaissance ETF) and VCR (Vanguard Consumer Discretionary ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while VCR is a Consumer Discretionary Equities fund tracking the MSCI US Investable Market Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, AIRR returned 22.05%/yr vs 13.76%/yr for VCR. A 0.67 correlation means they provide meaningful diversification when combined. AIRR charges 0.69%/yr vs 0.10%/yr for VCR.
Performance
AIRR vs. VCR - Performance Comparison
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Returns By Period
In the year-to-date period, AIRR achieves a 31.74% return, which is significantly higher than VCR's -0.09% return. Over the past 10 years, AIRR has outperformed VCR with an annualized return of 22.05%, while VCR has yielded a comparatively lower 13.76% annualized return.
AIRR
- 1D
- 0.83%
- 1M
- -1.26%
- YTD
- 31.74%
- 6M
- 28.77%
- 1Y
- 67.12%
- 3Y*
- 35.29%
- 5Y*
- 25.46%
- 10Y*
- 22.05%
VCR
- 1D
- 0.20%
- 1M
- 0.16%
- YTD
- -0.09%
- 6M
- -1.17%
- 1Y
- 12.37%
- 3Y*
- 13.30%
- 5Y*
- 6.00%
- 10Y*
- 13.76%
AIRR vs. VCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 31.74% | 27.92% | 33.45% | 31.43% | -2.08% | 33.01% | 17.17% | 33.97% | -20.57% | 16.28% |
VCR Vanguard Consumer Discretionary ETF | -0.09% | 5.77% | 24.27% | 40.38% | -35.15% | 24.86% | 48.36% | 27.45% | -2.31% | 22.82% |
Correlation
The correlation between AIRR and VCR is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2014 | 0.67 |
The correlation between AIRR and VCR has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
AIRR vs. VCR — Risk / Return Rank
AIRR
VCR
AIRR vs. VCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and Vanguard Consumer Discretionary ETF (VCR). 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 | VCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.11 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 0.72 | +4.29 |
| Martin ratioReturn relative to average drawdown | 18.33 | 2.21 | +16.12 |
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Drawdowns
AIRR vs. VCR - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum VCR drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for AIRR and VCR.
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Drawdown Indicators
| AIRR | VCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -61.54% | +19.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -15.59% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.95% | -27.36% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -39.20% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | -39.20% | -3.17% |
Current DrawdownCurrent decline from peak | -1.89% | -4.64% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -9.39% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 5.05% | -1.48% |
Volatility
AIRR vs. VCR - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 9.32% compared to Vanguard Consumer Discretionary ETF (VCR) at 6.17%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than VCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIRR | VCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 6.17% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 13.48% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 18.62% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 24.03% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 22.43% | +3.93% |
AIRR vs. VCR - Expense Ratio Comparison
AIRR has a 0.69% expense ratio, which is higher than VCR's 0.10% expense ratio.
Dividends
AIRR vs. VCR - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.13%, less than VCR's 0.73% 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% |
VCR Vanguard Consumer Discretionary ETF | 0.73% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
AIRR and VCR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIRR has higher volatility (9.32%) compared to VCR (6.17%). In terms of maximum drawdown, AIRR dropped -42.37% vs VCR's -61.54%.
On 10-year performance, AIRR leads with 22.05% vs 13.76% for VCR. On fees, VCR is cheaper at 0.10% per year. On volatility, VCR has been the lower-risk option at 6.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AIRR has performed better with a 22.05% return vs 13.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCR is cheaper with a 0.10% expense ratio, compared with 0.69% for AIRR.
VCR has the higher dividend yield at 0.73%, compared with 0.13% for AIRR.
AIRR is categorized as Building & Construction, while VCR is Consumer Discretionary Equities. AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index, while VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.69% for AIRR and 0.10% for VCR.
AIRR currently has the higher Sharpe Ratio (2.50 vs 0.60), 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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