SDVD vs. AIRR

Last updated Jun 4, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - SDVD is a Derivative Income fund tracking the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance (TR). Both are passively managed. Over the past year, SDVD returned 19.64% vs 65.82% for AIRR. Their correlation of 0.82 suggests significant overlap in exposure. SDVD charges 0.85%/yr vs 0.70%/yr for AIRR.

Performance

SDVD vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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, SDVD achieves a 7.75% return, which is significantly lower than AIRR's 31.77% return.

SDVD

• 1D: -0.22%
• 1M: -1.53%
• YTD: 7.75%
• 6M: 8.14%
• 1Y: 19.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

SDVD vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	7.75%	8.66%	11.82%	10.25%
AIRR First Trust RBA American Industrial Renaissance ETF	31.77%	27.92%	33.45%	6.44%

Correlation

The correlation between SDVD and AIRR is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023	0.82

The correlation between SDVD and AIRR has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

SDVD vs. AIRR — Risk / Return Rank

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

SDVD

SDVD Risk / Return Rank: 43
SDVD Sharpe Ratio Rank: 39
SDVD Sortino Ratio Rank: 43
SDVD Omega Ratio Rank: 38
SDVD Calmar Ratio Rank: 47
SDVD Martin Ratio Rank: 47

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.

SDVD vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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.

	SDVD	AIRR	Difference
Sharpe ratio Return per unit of total volatility	1.38	2.61	-1.23
Sortino ratio Return per unit of downside risk	2.13	3.37	-1.25
Omega ratio Gain probability vs. loss probability	1.25	1.41	-0.17
Calmar ratio Return relative to maximum drawdown	2.25	5.05	-2.80
Martin ratio Return relative to average drawdown	7.65	18.68	-11.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDVD vs. AIRR - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.38, which is lower than the AIRR Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SDVD 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

	SDVD	AIRR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.61	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.67	+0.10

Drawdowns

SDVD vs. AIRR - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for SDVD and AIRR.

Drawdown Indicators

	SDVD	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-42.37%	+18.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-13.09%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.95%	—
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	-3.31%	-1.86%	-1.45%
Average Drawdown Average peak-to-trough decline	-4.86%	-7.43%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	3.53%	-0.96%

Volatility

SDVD vs. AIRR - Volatility Comparison

The current volatility for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is 3.78%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.87%. This indicates that SDVD 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

	SDVD	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	7.87%	-4.09%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	19.82%	-9.49%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	25.40%	-11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	25.29%	-7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	26.29%	-8.10%

SDVD vs. AIRR - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is higher than AIRR's 0.70% expense ratio.

Dividends

SDVD vs. AIRR - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.95%, 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%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.95%	8.36%	9.26%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDVD and AIRR in my portfolio?

SDVD and AIRR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVD or AIRR?

AIRR has higher volatility (7.87%) compared to SDVD (3.78%). In terms of maximum drawdown, SDVD dropped -24.17% vs AIRR's -42.37%.

Which ETF is better, SDVD or AIRR?

On 1-year performance, AIRR leads with 65.82% vs 19.64% for SDVD. On fees, AIRR is cheaper at 0.70% per year. On volatility, SDVD has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or AIRR?

Over the 1-year period, AIRR has performed better with a 65.82% return vs 19.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or AIRR?

AIRR is cheaper with a 0.70% expense ratio, compared with 0.85% for SDVD.

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

SDVD has the higher dividend yield at 8.95%, compared with 0.13% for AIRR.

What is the main difference between SDVD and AIRR?

SDVD is categorized as Derivative Income, while AIRR is Building & Construction. SDVD tracks Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while AIRR tracks Richard Bernstein Advisors American Industrial Renaissance (TR). Their fees differ too: 0.85% for SDVD and 0.70% for AIRR.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (2.61 vs 1.38), 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.