Are AIRR and XLV in the same category?

AIRR is a thematic ETF and XLV 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 XLV?

In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and XLV +25.6%.

Which is cheaper, AIRR or XLV?

XLV is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 15% of AIRR and 100% of XLV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AIRR vs XLV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AIRR returned −0.2% to XLV's +25.6%, and XLV charges 0.08% 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 $47.0bn for State Street Health Care Select Sector SPDR ETF.

AIRR on its own →XLV on its own →

At a glance

−0.2%

AIRR total return, 1 year

+25.6%

XLV total return, 1 year

0.69%

AIRR expense ratio

0.08%

XLV expense ratio

Pair scorecard

XLV costs 0.61 points a year less; their one-year returns differ by 25.8 points; XLV is 5.6 times larger.

AIRR vs XLV: Differences, Returns & Fees
Measure	AIRR	XLV
Return
Measure	AIRR	XLV
Total return, 1 year	−0.2%	+25.6%
Drawdown
Measure	AIRR	XLV
Below its all-time high	25.5%, high on Jun 22, 2026
Against its benchmark
Measure	AIRR	XLV
What it tracks	Reshoring and manufacturing	Health Care Select Sector 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	XLV
Expense ratio	0.69%	0.08%
Net assets, as of Oct 27, 2026	$8.4bn	$47.0bn
Holdings
Measure	AIRR	XLV
Holdings in common	0%
Top ten holdings, share of the fund	33%	60.6%

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

What they share

By the books each fund has filed, AIRR and XLV 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 XLV

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 XLV

ELI LILLY + CO 15.77%

JOHNSON + JOHNSON 9.96%

ABBVIE INC 7.78%

UNITEDHEALTH GROUP INC 5.66%

MERCK + CO. INC. 5.38%

THERMO FISHER SCIENTIFIC INC 3.94%

AMGEN INC 3.72%

GILEAD SCIENCES INC 3.03%

Check overlap with more funds →

Side by side

AIRR First Trust RBA American Industrial Renaissance ETF XLV State Street Health Care Select Sector SPDR ETF

Where it sits Thematic ETF Stock ETF

Issuer First Trust State Street

What it is Reshoring and manufacturing Tracks an index of Health care

Total return, 1 year −0.2% +25.6%

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% 0.08%

Already in the S&P 500 14.7% 99.7%

Holdings 55 62

Net assets, as of Oct 27, 2026 $8.4bn $47.0bn

AIRR and XLV 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.

XLV

XLV tracks an index of Health care. Over the year to Oct 28, 2026 it returned +25.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 62 positions, with the top ten at 60.6%.

Questions people ask

Are AIRR and XLV in the same category?: AIRR is a thematic ETF and XLV 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 XLV?: In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and XLV +25.6%.
Which is cheaper, AIRR or XLV?: XLV is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AIRR and XLV overlap with the S&P 500?: By their latest filed holdings, 15% of AIRR and 100% of XLV by weight is stocks the S&P 500 already holds.

Other comparisons

AIRR vs XLK AIRR vs XLE AIRR vs XLF AIRR vs VNQ XBI vs XLV IBB vs XLV GDX vs XLV REMX vs XLV

Where to next

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

Sources and dates

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

XLV filings on SEC EDGAR ↗

XLV prospectus with the expense ratio (SEC) ↗

State Street 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.

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

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