AIRR vs. XAR
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and SPDR S&P Aerospace & Defense ETF (XAR).
AIRR and XAR 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. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. Both AIRR and XAR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIRR or XAR.
Key characteristics
| AIRR | XAR | |
|---|---|---|
| YTD Return | 6.86% | -2.33% |
| 1Y Return | 34.57% | 13.18% |
| 3Y Return (Ann) | 14.31% | 1.64% |
| 5Y Return (Ann) | 19.10% | 7.72% |
| 10Y Return (Ann) | 12.64% | 11.18% |
| Sharpe Ratio | 1.53 | 0.85 |
| Daily Std Dev | 22.12% | 16.58% |
| Max Drawdown | -42.37% | -46.37% |
| Current Drawdown | -8.21% | -6.77% |
Correlation
The correlation between AIRR and XAR is 0.75, 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. XAR - Performance Comparison
In the year-to-date period, AIRR achieves a 6.86% return, which is significantly higher than XAR's -2.33% return. Over the past 10 years, AIRR has outperformed XAR with an annualized return of 12.64%, while XAR has yielded a comparatively lower 11.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AIRR vs. XAR - Expense Ratio Comparison
Risk-Adjusted Performance
AIRR vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and SPDR S&P Aerospace & Defense ETF (XAR). 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. XAR - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.18%, less than XAR's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% | 0.00% |
XAR SPDR S&P Aerospace & Defense ETF | 0.58% | 0.54% | 0.50% | 0.83% | 0.63% | 0.74% | 1.19% | 0.76% | 1.09% | 2.31% | 1.07% | 1.96% |
Drawdowns
AIRR vs. XAR - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum XAR drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for AIRR and XAR. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. XAR - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 6.04% compared to SPDR S&P Aerospace & Defense ETF (XAR) at 3.95%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.