Data as of Oct 28, 2026.
AIRR vs VOO: Differences, Returns & Fees
Over the year to Oct 28, 2026, AIRR returned −0.2% to VOO's +13.7%, and VOO charges 0.03% 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 $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 0.66 points a year less; their one-year returns differ by 13.9 points.
| Measure | AIRR | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.2% | +13.7% |
| Drawdown | ||
| Below its all-time high | 25.5%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | Reshoring and manufacturing | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.69% | 0.03% |
| Net assets, AIRR as of Oct 27, 2026 and VOO as of Sep 30, 2026 | $8.4bn | $1.0tn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 33% | 39.1% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Mar 21, 2014 to Oct 23, 2026 · 657 weekly returnsEach against its own benchmark: AIRR against VOO, Mar 21, 2014 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.
VOO returned slightly more: +406.7% to +394.7%. VOO swung less: 16.2% to 25.2%. VOO fell less at its worst: −31.8% to −40.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AIRR | VOO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +394.7% | +406.7% | VOO (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.5% | +13.7% | Tie | Total return as a yearly rate. |
| Price return | +380.7% | +307.5% | AIRR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 25.2% | 16.2% | VOO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.7% | 11.3% | VOO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −40.6% | −31.8% | VOO | Deepest fall from a high to the low after it. |
| Upside capture | 125.3% | 99.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 112.9% | 99.9% | 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 | 0.55 | 0.75 | VOO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 1.08 | VOO | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.115 | 0.134 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.33 | 0.43 | VOO | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | IVV | The ETF each fund is measured against. | |
| Alpha | −0.8% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.19 | 0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −9.7% to +8.0% | −0.1% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.10 | 0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 16.2% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 657 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIRR and VOO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AIRR and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AIRR and VOO do different jobs. What does each one do in a portfolio?
- What each follows. AIRR follows Reshoring and manufacturing and VOO follows S&P 500 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AIRR returned −0.2% and VOO +13.7% with distributions reinvested, a gap of 13.9 points.
Data as of Oct 28, 2026.
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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.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Are AIRR and VOO in the same category?
- AIRR is a thematic ETF and VOO 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 VOO?
- In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and VOO +13.7%.
- Which is cheaper, AIRR or VOO?
- VOO 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.
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, AIRR against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/airr-vs-voo
ETFIQ. (Oct 28, 2026). AIRR against VOO. Retrieved from https://etfiq.com/compare/any/airr-vs-voo
[AIRR against VOO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/airr-vs-voo)
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