FTDS vs. AIRR

Last updated Jun 4, 2026

FTDS (First Trust Dividend Strength ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - FTDS is a Mid Cap Blend Equities fund tracking the Dividend Strength Index, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance (TR). Both are passively managed. Over the past 10 years, FTDS returned 10.75%/yr vs 21.89%/yr for AIRR. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.

Performance

FTDS vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dividend Strength ETF (FTDS) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTDS achieves a 6.54% return, which is significantly lower than AIRR's 31.77% return. Over the past 10 years, FTDS has underperformed AIRR with an annualized return of 10.75%, while AIRR has yielded a comparatively higher 21.89% annualized return.

FTDS

• 1D: -0.21%
• 1M: -2.16%
• YTD: 6.54%
• 6M: 6.72%
• 1Y: 18.40%
• 3Y*: 16.04%
• 5Y*: 6.32%
• 10Y*: 10.75%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTDS vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTDS First Trust Dividend Strength ETF	6.54%	13.64%	11.12%	11.75%	-13.54%	24.79%	14.16%	24.29%	-10.35%	20.07%
AIRR First Trust RBA American Industrial Renaissance ETF	31.77%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	33.97%	-20.57%	16.28%

Correlation

The correlation between FTDS 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 (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 12, 2014	0.64

The correlation between FTDS and AIRR shifts across timeframes, from 0.53 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

FTDS vs. AIRR - Sectors Allocation Comparison

Sectors	FTDS	AIRR
Financial Services	27.9%	9.6%
Energy	20.2%	3.8%
Industrials	19.8%	84.6%
Healthcare	9.4%	-
Technology	9.4%	0.5%
Basic Materials	8.0%	-
Consumer Cyclical	3.4%	-
Consumer Defensive	1.9%	-
Communication Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTDS vs. AIRR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTDS

FTDS Risk / Return Rank: 45
FTDS Sharpe Ratio Rank: 40
FTDS Sortino Ratio Rank: 43
FTDS Omega Ratio Rank: 39
FTDS Calmar Ratio Rank: 57
FTDS Martin Ratio Rank: 46

AIRR

AIRR Risk / Return Rank: 78
AIRR Sharpe Ratio Rank: 79
AIRR Sortino Ratio Rank: 73
AIRR Omega Ratio Rank: 67
AIRR Calmar Ratio Rank: 87
AIRR Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTDS vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dividend Strength ETF (FTDS) 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.

	FTDS	AIRR	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.61	-1.18
Sortino ratio: Return per unit of downside risk	2.19	3.37	-1.19
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	2.81	5.05	-2.24
Martin ratio: Return relative to average drawdown	7.56	18.68	-11.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTDS vs. AIRR - Sharpe Ratio Comparison

The current FTDS Sharpe Ratio is 1.44, which is lower than the AIRR Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FTDS and AIRR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTDS	AIRR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.61	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	1.01	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.84	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.67	-0.35

Drawdowns

FTDS vs. AIRR - Drawdown Comparison

The maximum FTDS drawdown since its inception was -56.53%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for FTDS and AIRR.

Drawdown Indicators

	FTDS	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-56.53%	-42.37%	-14.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-13.09%	+6.52%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	-27.95%	+9.91%
Max Drawdown (5Y) Largest decline over 5 years	-23.35%	-27.95%	+4.60%
Max Drawdown (10Y) Largest decline over 10 years	-42.47%	-42.37%	-0.10%
Current Drawdown Current decline from peak	-4.46%	-1.86%	-2.60%
Average Drawdown Average peak-to-trough decline	-9.87%	-7.43%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	3.53%	-1.09%

Volatility

FTDS vs. AIRR - Volatility Comparison

The current volatility for First Trust Dividend Strength ETF (FTDS) is 3.48%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.87%. This indicates that FTDS 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.

Volatility by Period

	FTDS	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	7.87%	-4.39%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	19.82%	-10.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	25.40%	-12.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	25.29%	-7.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	26.29%	-6.15%

FTDS vs. AIRR - Expense Ratio Comparison

Both FTDS and AIRR have an expense ratio of 0.70%.

Dividends

FTDS vs. AIRR - Dividend Comparison

FTDS's dividend yield for the trailing twelve months is around 1.66%, more than AIRR's 0.13% yield.

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%
FTDS First Trust Dividend Strength ETF	1.66%	1.59%	2.05%	2.15%	2.31%	0.72%	0.99%	1.13%	1.14%	0.79%	1.24%	0.95%

Frequently Asked Questions

Can I hold both FTDS and AIRR in my portfolio?

FTDS 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.

Which is riskier, FTDS or AIRR?

AIRR has higher volatility (7.87%) compared to FTDS (3.48%). In terms of maximum drawdown, FTDS dropped -56.53% vs AIRR's -42.37%.

Which ETF is better, FTDS or AIRR?

On 10-year performance, AIRR leads with 21.89% vs 10.75% for FTDS. Both ETFs have the same 0.70% expense ratio. On volatility, FTDS has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTDS or AIRR?

Over the 10-year period, AIRR has performed better with a 21.89% return vs 10.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTDS or AIRR?

FTDS and AIRR have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, FTDS or AIRR?

FTDS has the higher dividend yield at 1.66%, compared with 0.13% for AIRR.

What is the main difference between FTDS and AIRR?

FTDS is categorized as Mid Cap Blend Equities, while AIRR is Building & Construction. FTDS tracks Dividend Strength Index, while AIRR tracks Richard Bernstein Advisors American Industrial Renaissance (TR).

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (2.61 vs 1.44), 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.