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Data as of .

AIRR vs ARKK: which is really different?

AIRR and ARKK hold 2% of their weight in the same names, and AIRR returned more over the year.

First Trust RBA American Industrial Renaissance ETF and ARK Innovation ETF, side by side, thematic ETFs on ETFIQ.

5.5%AIRR in the S&P 500
38.1%ARKK in the S&P 500
+15.0%AIRR total return, 1 year
+6.7%ARKK total return, 1 year

ETFIQ Off-Index Score: AIRR scores higher

How much of it is not the index it is sold as an alternative to?

AIRR 80.9ARKK 19.10.1, the lowest in this set91.4, the highest

A percentile among the 349 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

AIRR95% of its weight is outside the S&P 500 · 1 year to Sep 11, 2026
6%95%inof its weight outside the S&P 500active share 100% · top ten 30% of the fund · 58 holdings filed Sep 10, 2026 · Nasdaq-100: 0% in6%95%6% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 30% of the fund
ARKK62% of its weight is outside the S&P 500 · 1 year to Sep 11, 2026
38%62%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 85% · top ten 49% of the fund · 47 holdings filed Sep 11, 2026 · Nasdaq-100: 29% in38%62%in the S&P 500outside the S&P 500active share 85% · top ten 49% of the fund

2% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, AIRR and ARKK hold 2% of their money in the same securities at the same weight.

Positions AIRR and ARKK both hold, largest shared weight first
HoldingAIRRARKK
KRATOS DEFENSE & SECURITY SOLUTIONS INC2.43%1.01%
BWX TECHNOLOGIES INC2.97%0.88%
Largest positions each one holds and the other does not
Only in AIRROnly in ARKK
STERLING INFRASTRUCTURE INC 6.00%TESLA INC 9.75%
ARGAN INC 4.73%SPACE EXPLORATION TECHN-CL A 6.52%
COMFORT SYSTEMS USA INC 4.42%CIRCLE INTERNET GROUP INC 5.56%
MASTEC INC 4.18%TEMPUS AI INC-CL A 4.83%
CH ROBINSON WORLDWIDE INC 4.08%CRISPR THERAPEUTICS AG 4.52%
OWENS CORNING 3.90%COINBASE GLOBAL INC -CLASS A 4.47%
DYCOM INDUSTRIES INC 3.76%ROBINHOOD MARKETS INC - A 4.18%
EMCOR GROUP INC 3.75%TWIST BIOSCIENCE CORP 3.29%

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 Jun 30, 2026 and Sep 11, 2026.

Performance, window by window

AIRR and ARKK over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
AIRRARKKAIRRARKKAIRRARKK
3 months−17.1%+10.5%−20.4 pts+7.2 pts−16.3 pts+11.3 pts
6 months−1.1%+19.0%−17.1 pts+3.0 pts−21.8 pts−1.7 pts
1 year+15.0%+6.7%−2.5 pts−10.8 pts−8.0 pts−16.2 pts
3 years+102.4%+89.9%+24.5 pts+12.0 pts+7.3 pts−5.2 pts
Since launch+460.7%+353.4%+56.4 pts−8.3 pts−312.8 pts−318.1 pts
Open the live comparison on ETFIQ
AIRR and ARKK on the same fields, as of Sep 11, 2026. Source: ETFIQ.
AIRR
First Trust RBA American Industrial Renaissance ETF
Holds 58 stocks in reshoring and manufacturing, 6% of its weight in S&P 500 companies
ARKK
ARK Innovation ETF
Holds 47 stocks in broad innovation and megatrends, 38% of its weight in S&P 500 companies
IssuerFirst TrustARK
ThemeReshoring and manufacturingBroad innovation and megatrends
In the S&P 5005.5%38.1%
Active share vs the S&P 50099.9%85.0%
In the Nasdaq-1000.0%28.6%
Holdings5847
Top ten, share of the fund30.4%49.4%
Expense ratio0.69%0.75%
Fee for the differing part0.69%0.88%
Total return, 1 year+15.0%+6.7%
vs the S&P 500−2.5 pts−10.8 pts
vs the Nasdaq-100−8.0 pts−16.2 pts
Below its high−19.5%−45.9%

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.

ARKK in plain words

By weight, 38% of ARKK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 85%. The top ten holdings are 49% of the fund across 47 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned +6.7% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 10.8 pts. It sits 45.9% below its all-time high of Feb 12, 2021.

Questions people ask

Do AIRR and ARKK hold the same stocks?
By their latest filings, 2% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AIRR or ARKK?
AIRR has 6% of its weight in S&P 500 names and ARKK has 38%, so AIRR differs more from the index.
Which is cheaper, AIRR or ARKK?
AIRR charges 0.69% a year and ARKK charges 0.75%, so AIRR is cheaper. Fees come from each fund's prospectus.

Other comparisons

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.

AIRR against ARKK, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AIRR against ARKK, data as of Sep 11, 2026. https://etfiq.com/compare/themes/AIRR-ARKK Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources