Are AIRR and DFUS in the same category?

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

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

In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and DFUS +13.8%.

Which is cheaper, AIRR or DFUS?

DFUS is cheaper, by 0.60 percentage points a year. That is about $60 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 15% of AIRR and 89% of DFUS by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AIRR vs DFUS: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AIRR returned −0.2% to DFUS's +13.8%, and DFUS charges 0.09% to AIRR's 0.69%.

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Net assets: $8.4bn on Oct 27, 2026 for First Trust RBA American Industrial Renaissance ETF, and $20.9bn on Jul 31, 2026 for Dimensional U.S. Equity Market ETF.

AIRR on its own →DFUS on its own →

At a glance

−0.2%

AIRR total return, 1 year

+13.8%

DFUS total return, 1 year

0.69%

AIRR expense ratio

0.09%

DFUS expense ratio

Pair scorecard

DFUS costs 0.60 points a year less; their one-year returns differ by 14.0 points.

AIRR vs DFUS: Differences, Returns & Fees
Measure	AIRR	DFUS
Return
Measure	AIRR	DFUS
Total return, 1 year	−0.2%	+13.8%
Drawdown
Measure	AIRR	DFUS
Below its all-time high	25.5%, high on Jun 22, 2026
Against its benchmark
Measure	AIRR	DFUS
What it tracks	Reshoring and manufacturing	No index, actively managed
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	AIRR	DFUS
Expense ratio	0.69%	0.09%
Net assets, AIRR as of Oct 27, 2026 and DFUS as of Jul 31, 2026	$8.4bn	$20.9bn
Active share vs the S&P 500	100%
Holdings
Measure	AIRR	DFUS
Holdings in common	1%
Top ten holdings, share of the fund	33%	34.6%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Jun 25, 2021 to Oct 23, 2026 · 278 weekly returns

AIRR DFUS

Return

Total return edge AIRR +133.6% +87.6%

Annualized edge AIRR +17.2% +12.5%

Price return edge AIRR +131.5% +76.2%

Risk

Volatility edge DFUS 24.3% 16.2%

Max drawdown edge DFUS −27.0% −24.2%

Downside capture 112.9% 99.4%

Beta 1.20 1.00

Risk-adjusted

Sharpe edge AIRR (slight) 0.62 0.58

Sortino edge AIRR (slight) 0.96 0.87

Treynor 0.115 0.094

Calmar edge AIRR 0.64 0.52

Against the benchmark

Alpha −0.8% a year +0.8% a year

Alpha t-stat −0.19 2.33

Information ratio 0.10 1.04

Tracking error 16.2% 0.8%

Each against its own benchmark: AIRR against VOO, Mar 21, 2014 to Oct 23, 2026; DFUS against IWV, Jun 25, 2021 to Oct 23, 2026.

Reading

AIRR returned more: +133.6% to +87.6%. DFUS swung less: 16.2% to 24.3%. DFUS fell less at its worst: −24.2% to −27.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AIRR vs DFUS: Differences, Returns & Fees
Measure	AIRR	DFUS	Edge	How it is measured
Return
Total return	+133.6%	+87.6%	AIRR	Price change plus distributions, reinvested.
Annualized	+17.2%	+12.5%	AIRR	Total return as a yearly rate.
Price return	+131.5%	+76.2%	AIRR	Price change alone, distributions left out.
Risk
Volatility	24.3%	16.2%	DFUS	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.8%	10.8%	DFUS	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−27.0%	−24.2%	DFUS	Deepest fall from a high to the low after it.
Upside capture	125.3%	101.4%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	112.9%	99.4%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.20	1.00	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.60	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.62	0.58	AIRR (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.96	0.87	AIRR (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.115	0.094		Return above Treasury bills per unit of beta.
Calmar	0.64	0.52	AIRR	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	IWV		The ETF each fund is measured against.
Alpha	−0.8% a year	+0.8% a year	AIRR not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.19	2.33	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−9.7% to +8.0%	+0.1% to +1.5%	AIRR includes zero	The 95% range for the yearly alpha.
Information ratio	0.10	1.04		Return against its benchmark per unit of tracking error.
Tracking error	16.2%	0.8%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 278 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AIRR and DFUS hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first AIRR DFUS

Sterling Infrastructure, Inc. 2.78% 0.03%

C.H. Robinson Worldwide, Inc. 3.83% 0.03%

Clean Harbors, Inc. 2.60% 0.02%

RBC Bearings Incorporated 3.19% 0.02%

BWX Technologies, Inc. 3.33% 0.02%

Mueller Industries, Inc. 2.19% 0.02%

Applied Industrial Technologies, Inc. 1.82% 0.02%

Nextpower Inc. (Class A) 3.12% 0.02%

Huntington Ingalls Industries, Inc. 3.13% 0.02%

Owens Corning 3.20% 0.02%

SPX Technologies 2.18% 0.02%

Wintrust Financial Corporation 1.48% 0.02%

Only in one fund ↓

Only in AIRR

Forgent Power Solutions, Inc. (Class A) 2.79%

Xometry, Inc. (Class A) 1.58%

Legence Corp. (Class A) 0.81%

SOLV Energy, Inc. (Class A) 0.67%

Applied Aerospace & Defense, Inc. 0.62%

Only in DFUS

NVIDIA CORPORATION 6.75%

APPLE INC. 6.45%

MICROSOFT CORPORATION 4.99%

AMAZON.COM, INC. 3.83%

ALPHABET INC. 3.00%

BROADCOM INC. 2.63%

ALPHABET INC. 2.48%

META PLATFORMS, INC. 1.77%

Check overlap with more funds →

Side by side

AIRR First Trust RBA American Industrial Renaissance ETF DFUS Dimensional U.S. Equity Market ETF

Where it sits Thematic ETF Stock ETF

Issuer First Trust Dimensional

What it is Reshoring and manufacturing Actively managed

Total return, 1 year −0.2% +13.8%

Its benchmark over the same days +13.7% (VOO) +13.3% (IWV)

Gap to its benchmark −13.9 pts vs VOO +0.5 pts vs IWV

Expense ratio 0.69% 0.09%

Already in the S&P 500 14.7% 89.4%

Holdings 55 2236

Net assets, AIRR as of Oct 27, 2026 and DFUS as of Jul 31, 2026 $8.4bn $20.9bn

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

Client brief · page 1 of 2 Report BR-E56A2BB0F4

AIRR and DFUS do different jobs. What does each one do in a portfolio?

What each follows. AIRR follows Reshoring and manufacturing and DFUS follows No index, actively managed.
Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 AIRR returned −0.2% and DFUS +13.8% with distributions reinvested, a gap of 14.0 points.

Data as of Oct 28, 2026.

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About each fund

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.

DFUS

Over the year to Oct 28, 2026 it returned +13.8% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

DFUS is actively managed and tracks no index. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jul 31, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 2,236 positions, with the top ten at 34.6%.

Questions people ask

Are AIRR and DFUS in the same category?: AIRR is a thematic ETF and DFUS is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, AIRR or DFUS?: In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and DFUS +13.8%.
Which is cheaper, AIRR or DFUS?: DFUS is cheaper, by 0.60 percentage points a year. That is about $60 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AIRR and DFUS overlap with the S&P 500?: By their latest filed holdings, 15% of AIRR and 89% of DFUS by weight is stocks the S&P 500 already holds.

Other comparisons

AIRR vs AVUS AIRR vs DIA AIRR vs SCHX AIRR vs ITOT DFUS vs XBI DFUS vs IBB DFUS vs GDX DFUS vs REMX

Where to next

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

Sources and dates

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

DFUS filings on SEC EDGAR ↗

DFUS prospectus with the expense ratio (SEC) ↗

Dimensional website ↗

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.

Cite this pageCitation, APA and Markdown

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

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