DEED vs. AIRR
Compare and contrast key facts about First Trust TCW Securitized Plus ETF (DEED) and First Trust RBA American Industrial Renaissance ETF (AIRR).
DEED and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEED is an actively managed fund by First Trust. It was launched on Apr 29, 2020. 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.
Performance
DEED vs. AIRR - Performance Comparison
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DEED vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DEED First Trust TCW Securitized Plus ETF | -0.19% | 8.91% | 3.19% | 6.43% | -16.03% | 1.62% | 4.71% |
AIRR First Trust RBA American Industrial Renaissance ETF | 12.74% | 27.92% | 33.45% | 31.43% | -2.08% | 33.01% | 53.99% |
Returns By Period
In the year-to-date period, DEED achieves a -0.19% return, which is significantly lower than AIRR's 12.74% return.
DEED
- 1D
- 0.14%
- 1M
- -2.55%
- YTD
- -0.19%
- 6M
- 1.82%
- 1Y
- 5.20%
- 3Y*
- 4.61%
- 5Y*
- 0.32%
- 10Y*
- —
AIRR
- 1D
- 4.60%
- 1M
- -6.21%
- YTD
- 12.74%
- 6M
- 14.68%
- 1Y
- 62.71%
- 3Y*
- 32.43%
- 5Y*
- 22.20%
- 10Y*
- 20.48%
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DEED vs. AIRR - Expense Ratio Comparison
DEED has a 0.65% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Return for Risk
DEED vs. AIRR — Risk / Return Rank
DEED
AIRR
DEED vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Securitized Plus ETF (DEED) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
| DEED | AIRR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 2.23 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.92 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 4.78 | -2.99 |
Martin ratioReturn relative to average drawdown | 5.20 | 16.89 | -11.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DEED | AIRR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 2.23 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.89 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.62 | -0.44 |
Correlation
The correlation between DEED and AIRR is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DEED vs. AIRR - Dividend Comparison
DEED's dividend yield for the trailing twelve months is around 4.17%, more than AIRR's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEED First Trust TCW Securitized Plus ETF | 4.17% | 4.10% | 5.73% | 5.59% | 2.43% | 1.93% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
Drawdowns
DEED vs. AIRR - Drawdown Comparison
The maximum DEED drawdown since its inception was -19.96%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for DEED and AIRR.
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Drawdown Indicators
| DEED | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -42.37% | +22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -13.09% | +9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | -27.95% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -2.55% | -9.09% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -7.50% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 3.71% | -2.64% |
Volatility
DEED vs. AIRR - Volatility Comparison
The current volatility for First Trust TCW Securitized Plus ETF (DEED) is 1.75%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 10.92%. This indicates that DEED experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEED | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 10.92% | -9.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 19.67% | -16.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 28.26% | -23.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 25.07% | -18.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | 26.14% | -20.10% |