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IDEF vs. AIRR
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IDEF vs. AIRR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Defense Industrials Active ETF (IDEF) and First Trust RBA American Industrial Renaissance ETF (AIRR).

IDEF and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDEF is an actively managed fund by iShares. It was launched on May 19, 2025. 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

IDEF vs. AIRR - Performance Comparison

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

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IDEF vs. AIRR - Yearly Performance Comparison

2026 (YTD)2025
IDEF
iShares Defense Industrials Active ETF		6.20%23.05%
AIRR
First Trust RBA American Industrial Renaissance ETF		12.74%30.01%

Returns By Period

In the year-to-date period, IDEF achieves a 6.20% return, which is significantly lower than AIRR's 12.74% return.

IDEF

1D
4.15%
1M
-8.78%
YTD
6.20%
6M
3.09%
1Y
—
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Defense Industrials Active ETF

First Trust RBA American Industrial Renaissance ETF

Often compared with IDEF:
IDEF vs. SHLDIDEF vs. XARIDEF vs. PPAIDEF vs. EUADIDEF vs. MQQQIDEF vs. XLIIDEF vs. FSDAX
Often compared with AIRR:
AIRR vs. PAVEAIRR vs. XLIAIRR vs. RSHOAIRR vs. XHBAIRR vs. QQQAIRR vs. PSCIAIRR vs. CCOR

IDEF vs. AIRR - Expense Ratio Comparison

IDEF has a 0.55% expense ratio, which is lower than AIRR's 0.70% expense ratio.

AIRR
First Trust RBA American Industrial Renaissance ETF
IDEF
iShares Defense Industrials Active ETF

Return for Risk

IDEF vs. AIRR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDEF
AIRR
AIRR Risk / Return Rank: 9595
Overall Rank
AIRR Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
AIRR Sortino Ratio Rank: 9595
Sortino Ratio Rank
AIRR Omega Ratio Rank: 9191
Omega Ratio Rank
AIRR Calmar Ratio Rank: 9797
Calmar Ratio Rank
AIRR Martin Ratio Rank: 9696
Martin Ratio Rank
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.

IDEF vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDEF vs. AIRR - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IDEFAIRRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.23

—

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

1.85

0.62

+1.23

Correlation

The correlation between IDEF and AIRR is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IDEF vs. AIRR - Dividend Comparison

IDEF's dividend yield for the trailing twelve months is around 0.16%, which matches AIRR's 0.16% yield.

TTM20252024202320222021202020192018201720162015
IDEF
iShares Defense Industrials Active ETF		0.16%0.17%0.00%0.00%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

IDEF vs. AIRR - Drawdown Comparison

The maximum IDEF drawdown since its inception was -14.63%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for IDEF and AIRR.

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Drawdown Indicators

IDEFAIRRDifference

Max Drawdown

Largest peak-to-trough decline

-14.63%

-42.37%

+27.74%

Max Drawdown (1Y)

Largest decline over 1 year

—

-13.09%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.95%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.37%

—

Current Drawdown

Current decline from peak

-11.08%

-9.09%

-1.99%

Average Drawdown

Average peak-to-trough decline

-2.88%

-7.50%

+4.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.71%

—

Volatility

IDEF vs. AIRR - Volatility Comparison

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Volatility by Period

IDEFAIRRDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

10.92%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

19.67%

—

Volatility (1Y)

Calculated over the trailing 1-year period

20.00%

28.26%

-8.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.00%

25.07%

-5.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.00%

26.14%

-6.14%