AIRR vs. XHB
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and SPDR S&P Homebuilders ETF (XHB).
AIRR and XHB 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. XHB is a passively managed fund by State Street that tracks the performance of the S&P Homebuilders Select Industry Index. It was launched on Jan 31, 2006. Both AIRR and XHB 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 XHB.
Key characteristics
AIRR | XHB | |
---|---|---|
YTD Return | 16.03% | 15.86% |
1Y Return | 43.28% | 69.88% |
3Y Return (Ann) | 18.63% | 17.05% |
5Y Return (Ann) | 22.69% | 24.66% |
10Y Return (Ann) | 13.62% | 14.09% |
Sharpe Ratio | 2.00 | 3.14 |
Daily Std Dev | 22.23% | 22.58% |
Max Drawdown | -42.37% | -81.61% |
Current Drawdown | 0.00% | -0.36% |
Correlation
The correlation between AIRR and XHB is 0.72, 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. XHB - Performance Comparison
The year-to-date returns for both stocks are quite close, with AIRR having a 16.03% return and XHB slightly lower at 15.86%. Both investments have delivered pretty close results over the past 10 years, with AIRR having a 13.62% annualized return and XHB not far ahead at 14.09%. 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
AIRR vs. XHB - Expense Ratio Comparison
Risk-Adjusted Performance
AIRR vs. XHB - 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 Homebuilders ETF (XHB). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
First Trust RBA American Industrial Renaissance ETF | 2.00 | ||||
SPDR S&P Homebuilders ETF | 3.14 |
Dividends
AIRR vs. XHB - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.17%, less than XHB's 0.65% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
First Trust RBA American Industrial Renaissance ETF | 0.17% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% | 0.00% |
SPDR S&P Homebuilders ETF | 0.65% | 0.77% | 1.06% | 0.51% | 0.73% | 0.89% | 1.25% | 0.72% | 0.67% | 0.50% | 0.54% | 0.29% |
Drawdowns
AIRR vs. XHB - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum XHB drawdown of -81.61%. The drawdown chart below compares losses from any high point along the way for AIRR and XHB
Volatility
AIRR vs. XHB - Volatility Comparison
The current volatility for First Trust RBA American Industrial Renaissance ETF (AIRR) is 4.44%, while SPDR S&P Homebuilders ETF (XHB) has a volatility of 5.45%. This indicates that AIRR experiences smaller price fluctuations and is considered to be less risky than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.