FTXN vs. AIRR

Last updated Jun 26, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas Index, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. Both are passively managed. Over the past 5 years, FTXN returned 15.47%/yr vs 26.56%/yr for AIRR. At a 0.48 correlation, their price movements are largely independent. FTXN charges 0.60%/yr vs 0.69%/yr for AIRR.

Performance

FTXN vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) 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, FTXN achieves a 22.46% return, which is significantly lower than AIRR's 35.27% return.

FTXN

• 1D: 1.04%
• 1M: -6.30%
• YTD: 22.46%
• 6M: 23.65%
• 1Y: 27.86%
• 3Y*: 12.79%
• 5Y*: 15.47%
• 10Y*: —

AIRR

• 1D: 1.87%
• 1M: 3.60%
• YTD: 35.27%
• 6M: 30.88%
• 1Y: 67.84%
• 3Y*: 37.44%
• 5Y*: 26.56%
• 10Y*: 22.80%

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

FTXN vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTXN First Trust Nasdaq Oil & Gas ETF	22.46%	-0.17%	4.06%	4.91%	47.45%	69.21%	-28.10%	3.20%	-20.99%	-2.29%
AIRR First Trust RBA American Industrial Renaissance ETF	35.27%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	33.97%	-20.57%	16.28%

Correlation

The correlation between FTXN and AIRR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 23, 2016	0.48

Over the past year, the correlation between FTXN and AIRR has dropped to 0.08 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

FTXN vs. AIRR - Sectors Allocation Comparison

Sectors	FTXN	AIRR
Energy	100.0%	3.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	6.9%
Healthcare	-	-
Industrials	-	92.4%
Real Estate	-	-
Technology	-	0.7%
Utilities	-	-

Return for Risk

FTXN vs. AIRR — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 36
FTXN Sharpe Ratio Rank: 37
FTXN Sortino Ratio Rank: 35
FTXN Omega Ratio Rank: 32
FTXN Calmar Ratio Rank: 40
FTXN Martin Ratio Rank: 36

AIRR

AIRR Risk / Return Rank: 87
AIRR Sharpe Ratio Rank: 90
AIRR Sortino Ratio Rank: 85
AIRR Omega Ratio Rank: 79
AIRR Calmar Ratio Rank: 92
AIRR Martin Ratio Rank: 92

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.

FTXN vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

	FTXN	AIRR	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.59	-1.38
Sortino ratio: Return per unit of downside risk	1.67	3.29	-1.61
Omega ratio: Gain probability vs. loss probability	1.20	1.41	-0.20
Calmar ratio: Return relative to maximum drawdown	1.78	5.21	-3.43
Martin ratio: Return relative to average drawdown	4.97	19.01	-14.04

FTXN vs. AIRR - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.21, which is lower than the AIRR Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of FTXN 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.

Drawdowns

FTXN vs. AIRR - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for FTXN and AIRR.

Drawdown Indicators

	FTXN	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-42.37%	-31.12%
Max Drawdown (1Y) Largest decline over 1 year	-15.74%	-13.09%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-27.95%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-27.95%	-2.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.37%	—
Current Drawdown Current decline from peak	-14.53%	-0.25%	-14.28%
Average Drawdown Average peak-to-trough decline	-19.18%	-7.46%	-11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	3.58%	+2.04%

Volatility

FTXN vs. AIRR - Volatility Comparison

The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 7.68%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 8.64%. This indicates that FTXN 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

	FTXN	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	8.64%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	18.26%	20.62%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.24%	26.39%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.67%	25.44%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.77%	26.33%	+5.44%

FTXN vs. AIRR - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is lower than AIRR's 0.69% expense ratio.

Dividends

FTXN vs. AIRR - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.56%, 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%
FTXN First Trust Nasdaq Oil & Gas ETF	2.56%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%	0.00%

Frequently Asked Questions

Can I hold both FTXN and AIRR in my portfolio?

FTXN and AIRR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or AIRR?

AIRR has higher volatility (8.64%) compared to FTXN (7.68%). In terms of maximum drawdown, FTXN dropped -73.49% vs AIRR's -42.37%.

Which ETF is better, FTXN or AIRR?

On 5-year performance, AIRR leads with 26.56% vs 15.47% for FTXN. On fees, FTXN is cheaper at 0.60% per year. On volatility, FTXN has been the lower-risk option at 7.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXN or AIRR?

Over the 5-year period, AIRR has performed better with a 26.56% return vs 15.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or AIRR?

FTXN is cheaper with a 0.60% expense ratio, compared with 0.69% for AIRR.

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

FTXN has the higher dividend yield at 2.56%, compared with 0.13% for AIRR.

What is the main difference between FTXN and AIRR?

FTXN is categorized as Energy Equities, while AIRR is Building & Construction. FTXN tracks Nasdaq U.S. Smart Oil & Gas Index, while AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index. Their fees differ too: 0.60% for FTXN and 0.69% for AIRR.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (2.59 vs 1.21), 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.