ESBG vs. AIRR
ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - ESBG is a Tactical Allocation fund actively managed by First Trust, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. ESBG is actively managed, while AIRR is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. ESBG charges 0.95%/yr vs 0.69%/yr for AIRR.
Performance
ESBG vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, ESBG achieves a -2.86% return, which is significantly lower than AIRR's 23.60% return.
ESBG
- 1D
- -2.33%
- 1M
- -2.85%
- 6M
- -8.17%
- YTD
- -2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIRR
- 1D
- -1.76%
- 1M
- -6.18%
- 6M
- 11.62%
- YTD
- 23.60%
- 1Y
- 43.19%
- 3Y*
- 31.65%
- 5Y*
- 25.07%
- 10Y*
- 20.37%
ESBG vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | -2.86% | 5.67% |
AIRR First Trust RBA American Industrial Renaissance ETF | 23.60% | 6.31% |
Correlation
The correlation between ESBG and AIRR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.52 |
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Return for Risk
ESBG vs. AIRR — Risk / Return Rank
ESBG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AIRR
ESBG vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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.
| ESBG | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.32 | — |
| Martin ratioReturn relative to average drawdown | — | 11.47 | — |
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Drawdowns
ESBG vs. AIRR - Drawdown Comparison
The maximum ESBG drawdown since its inception was -18.84%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for ESBG and AIRR.
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Drawdown Indicators
| ESBG | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -42.37% | +23.53% |
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 | -17.63% | -8.86% | -8.77% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -7.45% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.78% | — |
Volatility
ESBG vs. AIRR - Volatility Comparison
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Volatility by Period
| ESBG | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.71% | 27.11% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 25.53% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 26.35% | -0.64% |
ESBG vs. AIRR - Expense Ratio Comparison
ESBG has a 0.95% expense ratio, which is higher than AIRR's 0.69% expense ratio.
Dividends
ESBG vs. AIRR - Dividend Comparison
ESBG's dividend yield for the trailing twelve months is around 1.12%, 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% |
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 1.12% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESBG and AIRR have a correlation of 0.52, 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 0.95% for ESBG.
ESBG has the higher dividend yield at 1.12%, compared with 0.09% for AIRR.
ESBG is categorized as Tactical Allocation, while AIRR is Building & Construction. Their fees differ too: 0.95% for ESBG and 0.69% for AIRR.
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