Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
AIRR vs IWD: how they differ
Over the year IWD returned more, +27.4% against +15.0%, and IWD charges 0.18% against 0.69%.
First Trust RBA American Industrial Renaissance ETF and iShares Russell 1000 Value ETF.
What they hold in common
By the books each fund has filed, AIRR and IWD hold 0% of their money in the same securities at the same weight.
| Only in AIRR | Only in IWD |
|---|---|
| IES Holdings, Inc. 3.83% | AMAZON.COM INC 6.04% |
| Kratos Defense & Security Solutions, Inc 3.38% | APPLE 5.83% |
| SPX Technologies 3.10% | MICROSOFT 4.93% |
| BWX Technologies, Inc. 3.09% | BERKSHIRE HATHAWAY INC CLASS B 2.54% |
| Owens Corning 3.03% | JPMORGAN CHASE & CO 2.54% |
| Nextpower Inc. (Class A) 2.89% | EXXONMOBIL HOLDINGS CORP 1.85% |
| Saia, Inc. 2.83% | JOHNSON & JOHNSON 1.73% |
| C.H. Robinson Worldwide, Inc. 2.77% | INTEL CORPORATION 1.23% |
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 Sep 10, 2026.
| AIRR First Trust RBA American Industrial Renaissance ETF | IWD iShares Russell 1000 Value ETF | |
|---|---|---|
| Where it sits | Thematic ETF | Core index fund |
| Issuer | First Trust | iShares |
| What it is | Reshoring and manufacturing | Russell 1000 value |
| Total return, 1 year | +15.0% | +27.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −2.5 pts | +9.9 pts |
| Expense ratio | 0.69% | 0.18% |
| Already in the S&P 500 | 5.5% | 90.2% |
| Holdings | 58 | 814 |
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.
IWD in plain words
IWD is an index equity fund tracking the Russell 1000 value. Over the year to Sep 11, 2026 it returned +27.4% 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 Sep 10, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 814 positions, with the top ten at 29.0%.
Questions people ask
- Which returned more over the last year, AIRR or IWD?
- In the year to Sep 13, 2026, with distributions reinvested, AIRR returned +15.0% and IWD returned +27.4%, so IWD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, AIRR or IWD?
- AIRR charges 0.69% a year and IWD charges 0.18%, so IWD is cheaper. Fees come from each fund's prospectus.
- How much do AIRR and IWD overlap with the S&P 500?
- By their latest filed holdings, 6% of AIRR and 90% of IWD by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
- Are AIRR and IWD the same kind of fund?
- No. AIRR is a thematic ETF and IWD 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 IWD, data as of Sep 13, 2026. https://etfiq.com/compare/any/airr-vs-iwd Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources