EFRA vs. AIRR
Compare and contrast key facts about iShares Environmental Infrastructure and Industrials ETF (EFRA) and First Trust RBA American Industrial Renaissance ETF (AIRR).
EFRA and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFRA is a passively managed fund by iShares that tracks the performance of the FTSE Green Revenues Select Infrastructure and Industrials Index - USD - Benchmark TR Net. It was launched on Nov 1, 2022. 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. Both EFRA and AIRR 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: EFRA or AIRR.
Key characteristics
| EFRA | AIRR | |
|---|---|---|
| YTD Return | 13.55% | 22.97% |
| 1Y Return | 22.10% | 32.06% |
| Sharpe Ratio | 1.65 | 1.43 |
| Daily Std Dev | 14.57% | 24.30% |
| Max Drawdown | -15.74% | -42.37% |
| Current Drawdown | -0.92% | -4.83% |
Correlation
The correlation between EFRA and AIRR is 0.78, 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
EFRA vs. AIRR - Performance Comparison
In the year-to-date period, EFRA achieves a 13.55% return, which is significantly lower than AIRR's 22.97% 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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EFRA vs. AIRR - Expense Ratio Comparison
EFRA has a 0.47% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
EFRA vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Environmental Infrastructure and Industrials ETF (EFRA) 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.
Dividends
EFRA vs. AIRR - Dividend Comparison
EFRA's dividend yield for the trailing twelve months is around 1.44%, more than AIRR's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EFRA iShares Environmental Infrastructure and Industrials ETF | 1.44% | 1.85% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% |
Drawdowns
EFRA vs. AIRR - Drawdown Comparison
The maximum EFRA drawdown since its inception was -15.74%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for EFRA and AIRR. For additional features, visit the drawdowns tool.
Volatility
EFRA vs. AIRR - Volatility Comparison
The current volatility for iShares Environmental Infrastructure and Industrials ETF (EFRA) is 3.91%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.51%. This indicates that EFRA 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.