AIRR vs. VIU.TO

Last updated Jun 13, 2026

AIRR (First Trust RBA American Industrial Renaissance ETF) and VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index. Both are passively managed. Over the past 10 years, AIRR returned 22.05%/yr vs 10.26%/yr for VIU.TO. At a 0.50 correlation, their price movements are largely independent. AIRR charges 0.69%/yr vs 0.23%/yr for VIU.TO.

Performance

AIRR vs. VIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RBA American Industrial Renaissance ETF (AIRR) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIRR is traded in USD, while VIU.TO is traded in CAD. To make them comparable, the VIU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIRR achieves a 31.74% return, which is significantly higher than VIU.TO's 15.00% return. Over the past 10 years, AIRR has outperformed VIU.TO with an annualized return of 22.05%, while VIU.TO has yielded a comparatively lower 10.26% annualized 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%

VIU.TO

• 1D: 0.35%
• 1M: 1.31%
• YTD: 15.00%
• 6M: 17.45%
• 1Y: 29.95%
• 3Y*: 18.62%
• 5Y*: 8.83%
• 10Y*: 10.26%

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

AIRR vs. VIU.TO - 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%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	14.93%	34.50%	2.09%	18.49%	-15.95%	9.81%	10.18%	20.27%	-14.56%	27.89%

Correlation

The correlation between AIRR and VIU.TO is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 8, 2015	0.50

The correlation between AIRR and VIU.TO has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

AIRR vs. VIU.TO - Sectors Allocation Comparison

Sectors	AIRR	VIU.TO
Industrials	84.6%	19.0%
Financial Services	9.6%	22.7%
Energy	3.8%	3.8%
Technology	0.5%	15.0%
Basic Materials	-	6.2%
Communication Services	-	3.5%
Consumer Cyclical	-	7.6%
Consumer Defensive	-	6.3%
Healthcare	-	9.2%
Real Estate	-	2.4%
Utilities	-	3.5%

Return for Risk

AIRR vs. VIU.TO — 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

VIU.TO

VIU.TO Risk / Return Rank: 71
VIU.TO Sharpe Ratio Rank: 73
VIU.TO Sortino Ratio Rank: 73
VIU.TO Omega Ratio Rank: 75
VIU.TO Calmar Ratio Rank: 64
VIU.TO Martin Ratio Rank: 70

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. VIU.TO - 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 FTSE Developed All Cap ex North America Index ETF (VIU.TO). 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	VIU.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.78	+0.73
Sortino ratio: Return per unit of downside risk	3.22	2.50	+0.72
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.06
Calmar ratio: Return relative to maximum drawdown	5.01	2.50	+2.51
Martin ratio: Return relative to average drawdown	18.33	9.71	+8.62

AIRR vs. VIU.TO - Sharpe Ratio Comparison

The current AIRR Sharpe Ratio is 2.50, which is higher than the VIU.TO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of AIRR and VIU.TO, 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. VIU.TO - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, which is greater than VIU.TO's maximum drawdown of -35.26%. Use the drawdown chart below to compare losses from any high point for AIRR and VIU.TO.

Drawdown Indicators

	AIRR	VIU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-35.26%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-12.04%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-27.95%	-13.88%	-14.07%
Max Drawdown (5Y) Largest decline over 5 years	-27.95%	-31.74%	+3.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.37%	-35.26%	-7.11%
Current Drawdown Current decline from peak	-1.89%	-0.88%	-1.01%
Average Drawdown Average peak-to-trough decline	-7.48%	-7.25%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	3.09%	+0.48%

Volatility

AIRR vs. VIU.TO - Volatility Comparison

First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 9.32% compared to Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) at 6.92%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than VIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIRR	VIU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	6.92%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	20.81%	14.50%	+6.31%
Volatility (1Y) Calculated over the trailing 1-year period	26.19%	16.94%	+9.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	15.43%	+10.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	16.51%	+9.85%

AIRR vs. VIU.TO - Expense Ratio Comparison

AIRR has a 0.69% expense ratio, which is higher than VIU.TO's 0.23% expense ratio.

Dividends

AIRR vs. VIU.TO - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.13%, less than VIU.TO's 2.15% 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%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	2.15%	2.48%	2.56%	2.66%	2.76%	2.38%	1.98%	2.68%	2.76%	2.13%	1.72%	0.28%

Frequently Asked Questions

Can I hold both AIRR and VIU.TO in my portfolio?

AIRR and VIU.TO have a correlation of 0.55, 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 VIU.TO?

On fees, VIU.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIRR or VIU.TO?

VIU.TO is cheaper with a 0.23% expense ratio, compared with 0.69% for AIRR.

What is the main difference between AIRR and VIU.TO?

AIRR is categorized as Building & Construction, while VIU.TO is International Equity. AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index, while VIU.TO tracks FTSE Developed All Cap ex North America Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.69% for AIRR and 0.23% for VIU.TO.