AIRR vs. XLI
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and Industrial Select Sector SPDR Fund (XLI).
AIRR and XLI 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. XLI is a passively managed fund by State Street that tracks the performance of the Industrial Select Sector Index. It was launched on Dec 16, 1998. Both AIRR and XLI 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 XLI.
Key characteristics
| AIRR | XLI | |
|---|---|---|
| YTD Return | 11.39% | 8.30% |
| 1Y Return | 41.04% | 24.08% |
| 3Y Return (Ann) | 15.75% | 8.36% |
| 5Y Return (Ann) | 20.49% | 11.78% |
| 10Y Return (Ann) | 13.20% | 10.98% |
| Sharpe Ratio | 1.90 | 1.85 |
| Daily Std Dev | 22.27% | 13.16% |
| Max Drawdown | -42.37% | -62.26% |
| Current Drawdown | -4.32% | -2.29% |
Correlation
The correlation between AIRR and XLI is 0.81, 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. XLI - Performance Comparison
In the year-to-date period, AIRR achieves a 11.39% return, which is significantly higher than XLI's 8.30% return. Over the past 10 years, AIRR has outperformed XLI with an annualized return of 13.20%, while XLI has yielded a comparatively lower 10.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIRR vs. XLI - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is higher than XLI's 0.13% expense ratio.
Risk-Adjusted Performance
AIRR vs. XLI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and Industrial Select Sector SPDR Fund (XLI). 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. XLI - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.18%, less than XLI's 1.49% 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% |
XLI Industrial Select Sector SPDR Fund | 1.49% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% | 1.85% | 1.68% |
Drawdowns
AIRR vs. XLI - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for AIRR and XLI. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. XLI - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 6.31% compared to Industrial Select Sector SPDR Fund (XLI) at 3.57%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.