Are AIRR and SGOV in the same category?

AIRR is a thematic ETF and SGOV is a bond 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 SGOV?

In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and SGOV +3.7%.

Which is cheaper, AIRR or SGOV?

SGOV 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.

Data as of Oct 28, 2026.

Across categories

AIRR vs SGOV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AIRR returned −0.2% to SGOV's +3.7%, and SGOV charges 0.09% to AIRR's 0.69%.

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Net assets on Oct 27, 2026: $8.4bn for First Trust RBA American Industrial Renaissance ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.

AIRR on its own →SGOV on its own →

At a glance

−0.2%

AIRR total return, 1 year

+3.7%

SGOV total return, 1 year

0.69%

AIRR expense ratio

0.09%

SGOV expense ratio

Pair scorecard

SGOV costs 0.60 points a year less; their one-year returns differ by 3.9 points; SGOV is 13.9 times larger.

AIRR vs SGOV: Differences, Returns & Fees
Measure	AIRR	SGOV
Return
Measure	AIRR	SGOV
Total return, 1 year	−0.2%	+3.7%
Drawdown
Measure	AIRR	SGOV
Below its all-time high	25.5%, high on Jun 22, 2026
Against its benchmark
Measure	AIRR	SGOV
What it tracks	Reshoring and manufacturing	ICE 0-3 Month US Treasury Securities Index
Against the S&P 500, 1 year	behind by 13.9 pts
Cost and size
Measure	AIRR	SGOV
Expense ratio	0.69%	0.09%
Net assets, as of Oct 27, 2026	$8.4bn	$117.0bn
Active share vs the S&P 500	100%
Holdings
Measure	AIRR	SGOV
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, AIRR and SGOV 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 AIRR SGOV

Only in one fund ↓

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%

Only in SGOV

TREASURY BILL 8.53%

TREASURY BILL 8.19%

TREASURY BILL 7.63%

TREASURY BILL 6.87%

TREASURY BILL 6.80%

TREASURY BILL 6.00%

TREASURY BILL 5.22%

Check overlap with more funds →

Side by side

AIRR First Trust RBA American Industrial Renaissance ETF SGOV iShares 0-3 Month Treasury Bond ETF

Where it sits Thematic ETF Bond ETF

Issuer First Trust iShares

What it is Reshoring and manufacturing Tracks an index of 0-3 month T-bills

Total return, 1 year −0.2% +3.7%

Its benchmark over the same days +13.7% (VOO) not measured

Gap to its benchmark −13.9 pts vs VOO not measured

Expense ratio 0.69% 0.09%

Holdings 55 22

Net assets, as of Oct 27, 2026 $8.4bn $117.0bn

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

Alert

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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Are AIRR and SGOV in the same category?: AIRR is a thematic ETF and SGOV is a bond 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 SGOV?: In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and SGOV +3.7%.
Which is cheaper, AIRR or SGOV?: SGOV 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.

Other comparisons

AIRR vs BOXX AIRR vs BIL AIRR vs VBIL AIRR vs BND IBB vs SGOV SGOV vs XBI GDX vs SGOV REMX vs SGOV

Where to next

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

Sources and dates

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

SGOV filings on SEC EDGAR ↗

SGOV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

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 SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/airr-vs-sgov

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