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

In the year to Sep 12, 2026, with distributions reinvested, AIRR returned +15.0% and IWM returned +21.2%, so IWM returned more. One year is one year; the longer windows are in the table.

Which is cheaper, AIRR or IWM?

AIRR charges 0.69% a year and IWM charges 0.19%, so IWM is cheaper. Fees come from each fund's prospectus.

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

By their latest filed holdings, 6% of AIRR and 0% of IWM by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.

Are AIRR and IWM the same kind of fund?

No. AIRR is a thematic ETF and IWM 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 IWM: how they differ

Over the year IWM returned more, +21.2% against +15.0%, and IWM charges 0.19% against 0.69%.

First Trust RBA American Industrial Renaissance ETF and iShares Russell 2000 ETF.

What they hold in common

By the books each fund has filed, AIRR and IWM hold 3% of their money in the same securities at the same weight.

Positions AIRR and IWM both hold, largest shared weight first
Holding	AIRR	IWM
ARGAN INC	4.73%	0.34%
OLD NATIONAL BANCORP	1.41%	0.28%
FEDERAL SIGNAL CORP	1.07%	0.24%
ZURN ELKAY WATER SOLUTIONS CORP	0.77%	0.24%
ARCOSA INC	0.84%	0.22%
GRANITE CONSTRUCTION INC	1.66%	0.22%
MERCURY SYSTEMS INC	1.25%	0.21%
CONSTRUCTION PARTNERS INC	1.15%	0.18%
LEGENCE CORP	1.19%	0.15%
HERC HOLDINGS INC	1.58%	0.15%
CSW INDUSTRIALS INC	0.59%	0.14%
ASSOCIATED BANC-CORP	1.29%	0.14%

Largest positions each one holds and the other does not
Only in AIRR	Only in IWM
STERLING INFRASTRUCTURE INC 6.00%	Moog, Inc. 0.38%
COMFORT SYSTEMS USA INC 4.42%	Hut 8 Corp. 0.37%
MASTEC INC 4.18%	Viasat, Inc. 0.35%
CH ROBINSON WORLDWIDE INC 4.08%	BrightSpring Health Services, Inc. 0.35%
OWENS CORNING 3.90%	Cytokinetics, Inc. 0.35%
DYCOM INDUSTRIES INC 3.76%	MaxLinear, Inc. 0.34%
EMCOR GROUP INC 3.75%	UMB Financial Corp. 0.33%
SAIA INC 3.54%	JFrog Ltd. 0.31%

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 IWM on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	AIRR First Trust RBA American Industrial Renaissance ETF	IWM iShares Russell 2000 ETF
Where it sits	Thematic ETF	Core index fund
Issuer	First Trust	iShares
What it is	Reshoring and manufacturing	Russell 2000
Total return, 1 year	+15.0%	+21.2%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−2.5 pts	+3.7 pts
Expense ratio	0.69%	0.19%
Already in the S&P 500	5.5%	0.0%
Holdings	58	2014

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.

IWM in plain words

IWM is an index equity fund tracking the Russell 2000. Over the year to Sep 11, 2026 it returned +21.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.19% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2014 positions, with the top ten at 3.4%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, AIRR or IWM?: In the year to Sep 12, 2026, with distributions reinvested, AIRR returned +15.0% and IWM returned +21.2%, so IWM returned more. One year is one year; the longer windows are in the table.
Which is cheaper, AIRR or IWM?: AIRR charges 0.69% a year and IWM charges 0.19%, so IWM is cheaper. Fees come from each fund's prospectus.
How much do AIRR and IWM overlap with the S&P 500?: By their latest filed holdings, 6% of AIRR and 0% of IWM by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Are AIRR and IWM the same kind of fund?: No. AIRR is a thematic ETF and IWM is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Other comparisons

Where to next

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

A comparison is not a recommendation. Standards and sources