DGLO vs. AIRR
DGLO (First Trust RBA Deglobalization ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - DGLO is a Large Cap Blend Equities fund actively managed by First Trust, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. DGLO is actively managed, while AIRR is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. DGLO charges 0.70%/yr vs 0.69%/yr for AIRR.
Performance
DGLO vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, DGLO achieves a 16.25% return, which is significantly lower than AIRR's 25.81% return.
DGLO
- 1D
- 0.01%
- 1M
- -1.20%
- 6M
- 9.42%
- YTD
- 16.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIRR
- 1D
- -0.59%
- 1M
- -3.72%
- 6M
- 14.96%
- YTD
- 25.81%
- 1Y
- 45.75%
- 3Y*
- 32.33%
- 5Y*
- 25.29%
- 10Y*
- 20.57%
DGLO vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGLO First Trust RBA Deglobalization ETF | 16.25% | 1.61% |
AIRR First Trust RBA American Industrial Renaissance ETF | 25.81% | 12.50% |
Correlation
The correlation between DGLO and AIRR is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025 | 0.80 |
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Return for Risk
DGLO vs. AIRR — Risk / Return Rank
DGLO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AIRR
DGLO vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA Deglobalization ETF (DGLO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DGLO | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.48 | — |
| Martin ratioReturn relative to average drawdown | — | 12.18 | — |
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Drawdowns
DGLO vs. AIRR - Drawdown Comparison
The maximum DGLO drawdown since its inception was -7.74%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for DGLO and AIRR.
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Drawdown Indicators
| DGLO | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.74% | -42.37% | +34.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -1.59% | -7.23% | +5.64% |
Average DrawdownAverage peak-to-trough decline | -1.96% | -7.45% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.74% | — |
Volatility
DGLO vs. AIRR - Volatility Comparison
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Volatility by Period
| DGLO | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 27.01% | -11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 25.53% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 26.33% | -11.10% |
DGLO vs. AIRR - Expense Ratio Comparison
DGLO has a 0.70% expense ratio, which is higher than AIRR's 0.69% expense ratio.
Dividends
DGLO vs. AIRR - Dividend Comparison
DGLO's dividend yield for the trailing twelve months is around 0.58%, more than AIRR's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.09% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
DGLO First Trust RBA Deglobalization ETF | 0.58% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGLO and AIRR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIRR is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIRR is cheaper with a 0.69% expense ratio, compared with 0.70% for DGLO.
DGLO has the higher dividend yield at 0.58%, compared with 0.09% for AIRR.
DGLO is categorized as Large Cap Blend Equities, while AIRR is Building & Construction. Their fees differ too: 0.70% for DGLO and 0.69% for AIRR.
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