FIIG vs. AIRR
Compare and contrast key facts about First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) and First Trust RBA American Industrial Renaissance ETF (AIRR).
FIIG and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIIG is an actively managed fund by First Trust. It was launched on Aug 1, 2023. 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
FIIG vs. AIRR - Performance Comparison
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FIIG vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | -0.98% | 8.80% | 2.15% | 6.83% |
AIRR First Trust RBA American Industrial Renaissance ETF | 12.74% | 27.92% | 33.45% | 5.78% |
Returns By Period
In the year-to-date period, FIIG achieves a -0.98% return, which is significantly lower than AIRR's 12.74% return.
FIIG
- 1D
- 0.68%
- 1M
- -1.85%
- YTD
- -0.98%
- 6M
- 0.28%
- 1Y
- 4.98%
- 3Y*
- —
- 5Y*
- —
- 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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FIIG vs. AIRR - Expense Ratio Comparison
FIIG has a 0.65% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Return for Risk
FIIG vs. AIRR — Risk / Return Rank
FIIG
AIRR
FIIG vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) 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.
| FIIG | AIRR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 2.23 | -1.25 |
Sortino ratioReturn per unit of downside risk | 1.37 | 2.92 | -1.55 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 4.78 | -3.10 |
Martin ratioReturn relative to average drawdown | 5.73 | 16.89 | -11.16 |
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
| FIIG | AIRR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.23 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.62 | +0.44 |
Correlation
The correlation between FIIG and AIRR is 0.21, 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
FIIG vs. AIRR - Dividend Comparison
FIIG's dividend yield for the trailing twelve months is around 4.92%, more than AIRR's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | 4.92% | 4.76% | 4.45% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
Drawdowns
FIIG vs. AIRR - Drawdown Comparison
The maximum FIIG drawdown since its inception was -5.50%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for FIIG and AIRR.
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Drawdown Indicators
| FIIG | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -42.37% | +36.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -13.09% | +9.94% |
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 | -1.92% | -9.09% | +7.17% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -7.50% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.71% | -2.79% |
Volatility
FIIG vs. AIRR - Volatility Comparison
The current volatility for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is 2.22%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 10.92%. This indicates that FIIG 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
| FIIG | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 10.92% | -8.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 19.67% | -16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 28.26% | -23.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 25.07% | -19.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 26.14% | -20.18% |