QSR vs. AIRR

Last updated Apr 1, 2026

Compare and contrast key facts about Restaurant Brands International Inc. (QSR) and First Trust RBA American Industrial Renaissance ETF (AIRR).

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

QSR vs. AIRR - Performance Comparison

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

QSR vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QSR Restaurant Brands International Inc.	9.27%	8.64%	-13.80%	24.64%	10.72%	2.72%	-0.34%	25.61%	-12.15%	30.69%
AIRR First Trust RBA American Industrial Renaissance ETF	12.74%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	33.97%	-20.57%	16.28%

Returns By Period

In the year-to-date period, QSR achieves a 9.27% return, which is significantly lower than AIRR's 12.74% return. Over the past 10 years, QSR has underperformed AIRR with an annualized return of 9.86%, while AIRR has yielded a comparatively higher 20.48% annualized return.

QSR

• 1D: 0.19%
• 1M: 3.96%
• YTD: 9.27%
• 6M: 17.27%
• 1Y: 15.04%
• 3Y*: 6.78%
• 5Y*: 6.05%
• 10Y*: 9.86%

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)

Return for Risk

QSR vs. AIRR — Risk / Return Rank

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

QSR

QSR Risk / Return Rank: 64
QSR Sharpe Ratio Rank: 65
QSR Sortino Ratio Rank: 57
QSR Omega Ratio Rank: 56
QSR Calmar Ratio Rank: 71
QSR Martin Ratio Rank: 69

AIRR

AIRR Risk / Return Rank: 95
AIRR Sharpe Ratio Rank: 94
AIRR Sortino Ratio Rank: 95
AIRR Omega Ratio Rank: 91
AIRR Calmar Ratio Rank: 97
AIRR Martin Ratio Rank: 96

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.

QSR vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Restaurant Brands International Inc. (QSR) 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.

	QSR	AIRR	Difference
Sharpe ratio Return per unit of total volatility	0.64	2.23	-1.59
Sortino ratio Return per unit of downside risk	1.02	2.92	-1.91
Omega ratio Gain probability vs. loss probability	1.13	1.38	-0.25
Calmar ratio Return relative to maximum drawdown	1.42	4.78	-3.36
Martin ratio Return relative to average drawdown	3.11	16.89	-13.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QSR vs. AIRR - Sharpe Ratio Comparison

The current QSR Sharpe Ratio is 0.64, which is lower than the AIRR Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of QSR and AIRR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QSR	AIRR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	2.23	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.89	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.79	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.62	-0.27

Correlation

The correlation between QSR and AIRR is 0.38, 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

QSR vs. AIRR - Dividend Comparison

QSR's dividend yield for the trailing twelve months is around 3.40%, more than AIRR's 0.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QSR Restaurant Brands International Inc.	3.40%	3.63%	3.56%	2.82%	3.34%	3.49%	3.40%	3.14%	3.44%	1.27%	1.30%	1.18%
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

QSR vs. AIRR - Drawdown Comparison

The maximum QSR drawdown since its inception was -63.03%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for QSR and AIRR.

Drawdown Indicators

	QSR	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-63.03%	-42.37%	-20.66%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-13.09%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	-27.95%	-3.06%
Max Drawdown (10Y) Largest decline over 10 years	-63.03%	-42.37%	-20.66%
Current Drawdown Current decline from peak	-3.39%	-9.09%	+5.70%
Average Drawdown Average peak-to-trough decline	-12.18%	-7.50%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	3.71%	+2.34%

Volatility

QSR vs. AIRR - Volatility Comparison

The current volatility for Restaurant Brands International Inc. (QSR) is 6.92%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 10.92%. This indicates that QSR 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

	QSR	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	10.92%	-4.00%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	19.67%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	23.66%	28.26%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	25.07%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.48%	26.14%	+1.34%