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.
Performance
AIRR vs. XHB - Performance Comparison
Returns By Period
In the year-to-date period, AIRR achieves a 41.68% return, which is significantly higher than XHB's 21.42% return. Over the past 10 years, AIRR has outperformed XHB with an annualized return of 16.22%, while XHB has yielded a comparatively lower 14.62% annualized return.
AIRR
41.68%
5.31%
17.69%
62.37%
23.65%
16.22%
XHB
21.42%
-7.64%
8.21%
42.73%
21.49%
14.62%
Key characteristics
| AIRR | XHB | |
|---|---|---|
| Sharpe Ratio | 2.48 | 1.74 |
| Sortino Ratio | 3.26 | 2.48 |
| Omega Ratio | 1.40 | 1.30 |
| Calmar Ratio | 5.96 | 3.53 |
| Martin Ratio | 14.64 | 8.65 |
| Ulcer Index | 4.10% | 4.93% |
| Daily Std Dev | 24.17% | 24.51% |
| Max Drawdown | -42.37% | -81.61% |
| Current Drawdown | -4.31% | -7.85% |
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AIRR vs. XHB - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is higher than XHB's 0.35% expense ratio.
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.
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.
Dividends
AIRR vs. XHB - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.16%, less than XHB's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% | 0.00% |
XHB SPDR S&P Homebuilders ETF | 0.54% | 0.77% | 1.06% | 0.50% | 0.73% | 0.89% | 1.25% | 0.71% | 0.67% | 0.50% | 0.78% | 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%. Use the drawdown chart below to compare losses from any high point for AIRR and XHB. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. XHB - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 9.51% compared to SPDR S&P Homebuilders ETF (XHB) at 6.51%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.