FAI vs. AIRR
FAI (First Trust Bloomberg Artificial Intelligence ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance (TR). Both are passively managed. Over the past year, FAI returned 76.77% vs 65.82% for AIRR. A 0.62 correlation means they provide meaningful diversification when combined. FAI charges 0.65%/yr vs 0.70%/yr for AIRR.
Performance
FAI vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, FAI achieves a 39.08% return, which is significantly higher than AIRR's 31.77% return.
FAI
- 1D
- -1.21%
- 1M
- 21.45%
- YTD
- 39.08%
- 6M
- 37.64%
- 1Y
- 76.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIRR
- 1D
- 0.54%
- 1M
- 3.36%
- YTD
- 31.77%
- 6M
- 31.32%
- 1Y
- 65.82%
- 3Y*
- 37.10%
- 5Y*
- 25.40%
- 10Y*
- 21.89%
FAI vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 39.08% | 33.37% | 2.06% |
AIRR First Trust RBA American Industrial Renaissance ETF | 31.77% | 27.92% | -8.40% |
Correlation
The correlation between FAI and AIRR is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024 | 0.62 |
The correlation between FAI and AIRR has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
FAI vs. AIRR — Risk / Return Rank
FAI
AIRR
FAI vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) 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.
| FAI | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.41 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 5.05 | -0.96 |
| Martin ratioReturn relative to average drawdown | 13.35 | 18.68 | -5.33 |
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
| FAI | AIRR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.16 | 2.61 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.76 | 0.67 | +1.09 |
Drawdowns
FAI vs. AIRR - Drawdown Comparison
The maximum FAI drawdown since its inception was -27.82%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for FAI and AIRR.
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Drawdown Indicators
| FAI | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.82% | -42.37% | +14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -18.84% | -13.09% | -5.75% |
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 | -1.21% | -1.86% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -7.43% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 3.53% | +2.24% |
Volatility
FAI vs. AIRR - Volatility Comparison
First Trust Bloomberg Artificial Intelligence ETF (FAI) and First Trust RBA American Industrial Renaissance ETF (AIRR) have volatilities of 8.24% and 7.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAI | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 7.87% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 19.82% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 25.40% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.89% | 25.29% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.89% | 26.29% | +3.60% |
FAI vs. AIRR - Expense Ratio Comparison
FAI has a 0.65% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Dividends
FAI vs. AIRR - Dividend Comparison
FAI has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.13% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAI and AIRR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAI has higher volatility (8.24%) compared to AIRR (7.87%). In terms of maximum drawdown, FAI dropped -27.82% vs AIRR's -42.37%.
On 1-year performance, FAI leads with 76.77% vs 65.82% for AIRR. On fees, FAI is cheaper at 0.65% per year. On volatility, AIRR has been the lower-risk option at 7.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAI has performed better with a 76.77% return vs 65.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAI is cheaper with a 0.65% expense ratio, compared with 0.70% for AIRR.
AIRR has the higher dividend yield at 0.13%, compared with 0.00% for FAI.
FAI is categorized as Technology Equities, while AIRR is Building & Construction. FAI tracks Bloomberg Artificial Intelligence Index, while AIRR tracks Richard Bernstein Advisors American Industrial Renaissance (TR). Their fees differ too: 0.65% for FAI and 0.70% for AIRR.
FAI currently has the higher Sharpe Ratio (3.16 vs 2.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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