Are AIRR and VTEB in the same category?

AIRR is a thematic ETF and VTEB 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 VTEB?

In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and VTEB −0.4%.

Which is cheaper, AIRR or VTEB?

VTEB 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

AIRR vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AIRR returned −0.2% to VTEB's −0.4%, and VTEB 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 $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

AIRR on its own →VTEB on its own →

At a glance

−0.2%

AIRR total return, 1 year

−0.4%

VTEB total return, 1 year

0.69%

AIRR expense ratio

0.03%

VTEB expense ratio

Pair scorecard

VTEB costs 0.66 points a year less; their one-year returns differ by 0.2 points.

AIRR vs VTEB: Differences, Returns & Fees
Measure	AIRR	VTEB
Return
Measure	AIRR	VTEB
Total return, 1 year	−0.2%	−0.4%
Drawdown
Measure	AIRR	VTEB
Below its all-time high	25.5%, high on Jun 22, 2026
Against its benchmark
Measure	AIRR	VTEB
What it tracks	Reshoring and manufacturing	S&P National AMT-Free Municipal Bond Index
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	VTEB
Expense ratio	0.69%	0.03%
Net assets, AIRR as of Oct 27, 2026 and VTEB as of Sep 30, 2026	$8.4bn	$49.6bn
Active share vs the S&P 500	100%
Holdings
Measure	AIRR	VTEB
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 Sep 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, AIRR and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AIRR VTEB

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 VTEB

Vanguard Municipal Low Duration Fund 0.69%

State of California 0.15%

State of California 0.14%

New York State Dormitory Authority 0.13%

State of Illinois 0.12%

Ohio State University 0.12%

City of New York NY 0.10%

State of Wisconsin 0.10%

Check overlap with more funds →

Side by side

AIRR First Trust RBA American Industrial Renaissance ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Thematic ETF Bond ETF

Issuer First Trust Vanguard

What it is Reshoring and manufacturing Tracks an index of Tax-Exempt Bond

Total return, 1 year −0.2% −0.4%

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% 0.03%

Holdings 55 11155

Net assets, AIRR as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $8.4bn $49.6bn

AIRR and VTEB 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.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Are AIRR and VTEB in the same category?: AIRR is a thematic ETF and VTEB 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 VTEB?: In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and VTEB −0.4%.
Which is cheaper, AIRR or VTEB?: VTEB 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

AIRR vs VCSH AIRR vs BND AIRR vs BOND AIRR vs TLT VTEB vs XBI IBB vs VTEB GDX vs VTEB REMX vs VTEB

Where to next

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

Sources and dates

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

VTEB filings on SEC EDGAR ↗

VTEB prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEB ↗

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

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