Are AGG and AIRR in the same category?

AGG is a bond ETF and AIRR is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

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

In the year to Oct 28, 2026, with distributions reinvested, AGG returned −1.4% and AIRR −0.2%.

Which is cheaper, AGG or AIRR?

AGG is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

AGG vs AIRR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AGG returned −1.4% to AIRR's −0.2%, and AGG charges 0.03% to AIRR's 0.69%.

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Net assets on Oct 27, 2026: $139.4bn for iShares Core U.S. Aggregate Bond ETF and $8.4bn for First Trust RBA American Industrial Renaissance ETF.

AGG on its own →AIRR on its own →

At a glance

−1.4%

AGG total return, 1 year

−0.2%

AIRR total return, 1 year

0.03%

AGG expense ratio

0.69%

AIRR expense ratio

Pair scorecard

AGG costs 0.66 points a year less; their one-year returns differ by 1.2 points; AGG is 16.6 times larger.

AGG vs AIRR: Differences, Returns & Fees
Measure	AGG	AIRR
Return
Measure	AGG	AIRR
Total return, 1 year	−1.4%	−0.2%
Drawdown
Measure	AGG	AIRR
Below its high	3.4%, high on Aug 4, 2020
Below its all-time high		25.5%, high on Jun 22, 2026
Against its benchmark
Measure	AGG	AIRR
What it tracks	Bloomberg U.S. Aggregate Bond Index	Reshoring and manufacturing
Against the S&P 500, 1 year		behind by 13.9 pts
Against its benchmark, 1 year		behind by 13.9 pts
Cost and size
Measure	AGG	AIRR
Expense ratio	0.03%	0.69%
Net assets, as of Oct 27, 2026	$139.4bn	$8.4bn
Active share vs the S&P 500		100%
Holdings
Measure	AGG	AIRR
Holdings in common	0%
In the S&P 500, by weight		15%
Top ten holdings, share of the fund		33%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, AGG and AIRR hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AGG AIRR

Only in one fund ↓

Only in AGG

BLACKROCK CASH CL INST SL AGENCY 3.02%

TREASURY NOTE 0.40%

TREASURY NOTE (OLD) 0.40%

TREASURY NOTE 0.40%

TREASURY NOTE 0.39%

TREASURY NOTE 0.38%

Only in AIRR

C.H. Robinson Worldwide, Inc. 3.83%

Karman Holdings Inc. 3.51%

Kratos Defense & Security Solutions, Inc. 3.47%

BWX Technologies, Inc. 3.33%

Herc Holdings, Inc. 3.30%

Owens Corning 3.20%

RBC Bearings Incorporated 3.19%

Dycom Industries, Inc. 3.13%

Check overlap with more funds →

Side by side

AGG iShares Core U.S. Aggregate Bond ETF AIRR First Trust RBA American Industrial Renaissance ETF

Where it sits Bond ETF Thematic ETF

Issuer iShares First Trust

What it is Tracks an index of US aggregate bonds Reshoring and manufacturing

Total return, 1 year −1.4% −0.2%

Its benchmark over the same days −1.3% (SCHZ) +13.7% (VOO)

Gap to its benchmark −0.1 pts vs SCHZ −13.9 pts vs VOO

Expense ratio 0.03% 0.69%

Holdings 13469 55

Net assets, as of Oct 27, 2026 $139.4bn $8.4bn

AGG and AIRR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

AGG

AGG tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.3% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.4% below its high of Aug 4, 2020 on Oct 28, 2026.

AIRR

By weight, 15% of AIRR's portfolio is stocks that are also in the S&P 500, from its filing for Jun 30, 2026; its active share against the S&P 500 is 100%.

The top ten holdings are 33% of the fund across 55 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 25.5% below its all-time high of Jun 22, 2026.

Questions people ask

Are AGG and AIRR in the same category?: AGG is a bond ETF and AIRR is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, AGG or AIRR?: In the year to Oct 28, 2026, with distributions reinvested, AGG returned −1.4% and AIRR −0.2%.
Which is cheaper, AGG or AIRR?: AGG is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AGG vs XBI AGG vs IBB AGG vs GDX AGG vs REMX AIRR vs BND AIRR vs SGOV AIRR vs BNDX AIRR vs VCIT

Where to next

AGG on its own →AIRR on its own →Hold both: look the portfolio through →Rankings →AGG dividend history →AGG holdings →AIRR dividend history →AIRR holdings →Standards and sources →

Sources and dates

AGG filings on SEC EDGAR ↗

AGG prospectus with the expense ratio (SEC) ↗

iShares page for AGG ↗

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, AGG against AIRR, data as of Oct 28, 2026. https://etfiq.com/compare/any/agg-vs-airr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.