Which returned more over the last year, AIRR or IWF?

In the year to Sep 12, 2026, with distributions reinvested, AIRR returned +15.0% and IWF returned +7.0%, so AIRR returned more. One year is one year; the longer windows are in the table.

Which is cheaper, AIRR or IWF?

AIRR charges 0.69% a year and IWF charges 0.18%, so IWF is cheaper. Fees come from each fund's prospectus.

How much do AIRR and IWF overlap with the S&P 500?

By their latest filed holdings, 6% of AIRR and 94% of IWF by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.

Are AIRR and IWF the same kind of fund?

No. AIRR is a thematic ETF and IWF is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

AIRR vs IWF: how they differ

Over the year AIRR returned more, +15.0% against +7.0%, and IWF charges 0.18% against 0.69%.

First Trust RBA American Industrial Renaissance ETF and iShares Russell 1000 Growth ETF.

What they hold in common

By the books each fund has filed, AIRR and IWF hold 1% of their money in the same securities at the same weight.

Positions AIRR and IWF both hold, largest shared weight first
Holding	AIRR	IWF
COMFORT SYSTEMS USA INC	4.42%	0.20%
EMCOR GROUP INC	3.75%	0.11%
MASTEC INC	4.18%	0.08%
STERLING INFRASTRUCTURE INC	6.00%	0.07%
CH ROBINSON WORLDWIDE INC	4.08%	0.06%
BWX TECHNOLOGIES INC	2.97%	0.05%
AAON INC	1.57%	0.03%
POWELL INDUSTRIES INC	2.48%	0.03%
EVERUS CONSTRUCTION GROUP INC	1.17%	0.02%
IES HOLDINGS INC	2.02%	0.02%
DYCOM INDUSTRIES INC	3.76%	0.02%
RBC BEARINGS INC	1.85%	0.01%

Largest positions each one holds and the other does not
Only in AIRR	Only in IWF
ARGAN INC 4.73%	NVIDIA CORPORATION 13.85%
OWENS CORNING 3.90%	APPLE INC. 6.72%
SAIA INC 3.54%	ALPHABET INC. 6.18%
HUNTINGTON INGALLS INDUSTRIES INC 2.45%	BROADCOM INC. 5.21%
F.N.B. CORP (PENNSYLVANIA) 2.44%	ALPHABET INC. 4.98%
ADVANCED DRAINAGE SYSTEMS INC 2.29%	MICROSOFT CORPORATION 4.11%
CORE & MAIN INC 2.07%	MICRON TECHNOLOGY, INC. 3.86%
APPLIED INDUSTRIAL TECHNOLOGIES INC 1.80%	TESLA, INC. 3.65%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.

AIRR and IWF on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	AIRR First Trust RBA American Industrial Renaissance ETF	IWF iShares Russell 1000 Growth ETF
Where it sits	Thematic ETF	Core index fund
Issuer	First Trust	iShares
What it is	Reshoring and manufacturing	Russell 1000 growth
Total return, 1 year	+15.0%	+7.0%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−2.5 pts	−10.5 pts
Expense ratio	0.69%	0.18%
Already in the S&P 500	5.5%	93.6%
Holdings	58	368

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.

IWF in plain words

IWF is an index equity fund tracking the Russell 1000 growth. Over the year to Sep 11, 2026 it returned +7.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 368 positions, with the top ten at 54.4%. It sat 5.0% below its high of Jun 1, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, AIRR or IWF?: In the year to Sep 12, 2026, with distributions reinvested, AIRR returned +15.0% and IWF returned +7.0%, so AIRR returned more. One year is one year; the longer windows are in the table.
Which is cheaper, AIRR or IWF?: AIRR charges 0.69% a year and IWF charges 0.18%, so IWF is cheaper. Fees come from each fund's prospectus.
How much do AIRR and IWF overlap with the S&P 500?: By their latest filed holdings, 6% of AIRR and 94% of IWF by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
Are AIRR and IWF the same kind of fund?: No. AIRR is a thematic ETF and IWF 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.

AIRR against IWF, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AIRR against IWF, data as of Sep 12, 2026. https://etfiq.com/compare/any/AIRR-IWF Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources