Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
AIRR vs GLDM: how they differ
Over the year GLDM returned more, +19.4% against +15.0%.
First Trust RBA American Industrial Renaissance ETF and SPDR Gold MiniShares Trust.
| AIRR First Trust RBA American Industrial Renaissance ETF | GLDM SPDR Gold MiniShares Trust | |
|---|---|---|
| Where it sits | Thematic ETF | Core index fund |
| Issuer | First Trust | iShares |
| What it is | Reshoring and manufacturing | Gold MiniShares |
| Total return, 1 year | +15.0% | +19.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −2.5 pts | +1.9 pts |
| Expense ratio | 0.69% | not published |
| Holdings | 58 | not filed |
AIRR in plain words
By weight, 6% of AIRR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 30% of the fund across 58 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +15.0% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 2.5 pts. It sits 19.5% below its all-time high of Jun 22, 2026.
GLDM in plain words
GLDM is a commodity fund tracking the Gold MiniShares. Over the year to Sep 11, 2026 it returned +19.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. It sat 19.4% below its high of Jan 29, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, AIRR or GLDM?
- In the year to Sep 12, 2026, with distributions reinvested, AIRR returned +15.0% and GLDM returned +19.4%, so GLDM returned more. One year is one year; the longer windows are in the table.
- Are AIRR and GLDM the same kind of fund?
- No. AIRR is a thematic ETF and GLDM is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AIRR against GLDM, data as of Sep 12, 2026. https://etfiq.com/compare/any/AIRR-GLDM Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources