Do AIRR and ARKK hold the same stocks?

By their latest filings, 2% of their books are the same securities at the same weight. 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 15% of its weight in S&P 500 names and ARKK has 36%, 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.

Data as of Oct 28, 2026.

Thematic ETFs

AIRR vs ARKK: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, AIRR returned −0.2% to ARKK's −3.5%; 2% of their weight is in the same names.

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Net assets on Oct 27, 2026: $8.4bn for First Trust RBA American Industrial Renaissance ETF and $6.6bn for ARK Innovation ETF.

AIRR on its own →ARKK on its own →

At a glance

14.7%

AIRR in the S&P 500

36.0%

ARKK in the S&P 500

−0.2%

AIRR total return, 1 year

−3.5%

ARKK total return, 1 year

AIRR · 1 year to Oct 28, 2026 85% of its weight is outside the S&P 500

15% of AIRR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Oct 27, 2026.

ARKK · 1 year to Oct 28, 2026 64% of its weight is outside the S&P 500

36% of ARKK's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

AIRR costs 0.06 points a year less; their one-year returns differ by 3.3 points; AIRR is 1.3 times larger.

Points (pts) are percentage points.

AIRR vs ARKK: Holdings Overlap & Returns
Measure	AIRR	ARKK
Return
Measure	AIRR	ARKK
Total return, 1 year	−0.2%	−3.5%
Drawdown
Measure	AIRR	ARKK
Below its all-time high	25.5%, high on Jun 22, 2026	44.2%, high on Feb 12, 2021
Against its benchmark
Measure	AIRR	ARKK
What it tracks	Reshoring and manufacturing	Broad innovation and megatrends
Against the S&P 500, 1 year	behind by 13.9 pts	behind by 17.2 pts
Its benchmark, total return, 1 year	+13.7%	+13.7%
Against its benchmark, 1 year	behind by 13.9 pts	behind by 17.2 pts
Cost and size
Measure	AIRR	ARKK
Expense ratio	0.69%	0.75%
Net assets, as of Oct 27, 2026	$8.4bn	$6.6bn
Holdings
Measure	AIRR	ARKK
Holdings in common	2%

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

Risk and return

Nov 7, 2014 to Oct 23, 2026 · 624 weekly returns · each against VOO

AIRR ARKK

Return

Total return edge AIRR +412.2% +350.6%

Annualized edge AIRR (slight) +14.6% +13.4%

Price return edge AIRR +398.8% +307.5%

Risk

Volatility edge AIRR 25.5% 37.4%

Max drawdown edge AIRR −40.6% −80.1%

Downside capture 111.2% 139.9%

Beta 1.20 1.68

Risk-adjusted

Sharpe edge AIRR 0.58 0.46

Sortino edge AIRR 0.87 0.70

Treynor 0.123 0.103

Calmar edge AIRR 0.36 0.17

Against the benchmark

Alpha +0.4% a year −2.7% a year

Alpha t-stat 0.08 −0.37

Information ratio 0.17 0.20

Tracking error 16.4% 27.5%

Reading

AIRR returned more: +412.2% to +350.6%. AIRR swung less: 25.5% to 37.4%. AIRR fell less at its worst: −40.6% to −80.1%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AIRR vs ARKK: Holdings Overlap & Returns
Measure	AIRR	ARKK	VOO	Edge	How it is measured
Return
Total return	+412.2%	+350.6%		AIRR	Price change plus distributions, reinvested.
Annualized	+14.6%	+13.4%		AIRR (slight)	Total return as a yearly rate.
Price return	+398.8%	+307.5%		AIRR	Price change alone, distributions left out.
Risk
Volatility	25.5%	37.4%		AIRR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.9%	24.8%		AIRR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.6%	−80.1%		AIRR	Deepest fall from a high to the low after it.
Upside capture	125.8%	236.0%	100.0%	ARKK	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	111.2%	139.9%	100.0%	AIRR	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.20	1.68	1.00	AIRR lower	How far it moves for each 1% its benchmark moves.
R squared	0.60	0.55	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.58	0.46		AIRR	Return above Treasury bills per unit of volatility.
Sortino	0.87	0.70		AIRR	Return above Treasury bills per unit of downside deviation.
Treynor	0.123	0.103	0.120	AIRR	Return above Treasury bills per unit of beta.
Calmar	0.36	0.17		AIRR	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	VOO	VOO		The ETF each fund is measured against.
Alpha	+0.4% a year	−2.7% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.08	−0.37		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−8.8% to +9.5%	−17.0% to +11.6%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.17	0.20		ARKK	Return against its benchmark per unit of tracking error.
Tracking error	16.4%	27.5%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 624 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AIRR and ARKK hold 2% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first AIRR ARKK

Kratos Defense & Security Solutions, Inc. 3.47% 1.10%

BWX Technologies, Inc. 3.33% 1.02%

Only in one fund ↓

Only in AIRR

C.H. Robinson Worldwide, Inc. 3.83%

Karman Holdings Inc. 3.51%

Herc Holdings, Inc. 3.30%

Owens Corning 3.20%

RBC Bearings Incorporated 3.19%

Dycom Industries, Inc. 3.13%

Huntington Ingalls Industries, Inc. 3.13%

Nextpower Inc. (Class A) 3.12%

Only in ARKK

TESLA INC 10.99%

SPACE EXPLORATION TECHN-CL A 6.42%

TEMPUS AI INC-CL A 5.47%

CIRCLE INTERNET GROUP INC 4.79%

CRISPR THERAPEUTICS AG 4.32%

COINBASE GLOBAL INC -CLASS A 4.01%

OPENAI GROUP PBC SERIES C 3.79%

TWIST BIOSCIENCE CORP 3.46%

Check overlap with more funds →

Window by window

Window by window: AIRR vs ARKK: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIRR	ARKK	AIRR	ARKK
3 months	−10.0%	+22.0%	−16.1 pts vs VOO	+15.9 pts vs VOO
6 months	−18.4%	+17.1%	−27.5 pts vs VOO	+8.0 pts vs VOO
1 year	−0.2%	−3.5%	−13.9 pts vs VOO	−17.2 pts vs VOO
3 years	+112.5%	+152.6%	+17.0 pts vs VOO	+57.1 pts vs VOO
Since launchNot the same days: AIRR Mar 2014 · ARKK Oct 2014	+418.8%	+367.2%	+4.1 pts vs VOO	−3.5 pts vs VOO

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Side by side

AIRR First Trust RBA American Industrial Renaissance ETF · Holds 55 stocks in reshoring and manufacturing, 15% of its weight in S&P 500 companies ARKK ARK Innovation ETF · Holds 46 stocks in broad innovation and megatrends, 36% of its weight in S&P 500 companies

Issuer First Trust ARK

Theme Reshoring and manufacturing Broad innovation and megatrends

In the S&P 500 14.7% 36.0%

Active share vs the S&P 500 99.8% 85.3%

In the Nasdaq-100 not published 28.9%

Holdings 55 46

Top ten, share of the fund 33.2% 49.4%

Expense ratio 0.69% 0.75%

Fee for the differing part 0.69% 0.88%

Total return, 1 year −0.2% −3.5%

vs its benchmark −13.9 pts vs VOO −17.2 pts vs VOO

Below its high −25.5% −44.2%

Net assets, as of Oct 27, 2026 $8.4bn $6.6bn

As of Oct 28, 2026. Source: ETFIQ.

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

Client brief · page 1 of 2 Report BR-7D70D08492

AIRR and ARKK are built for the same job. How do they differ in cost, holdings and results?

Theme. AIRR covers Reshoring and manufacturing and ARKK covers Broad innovation and megatrends.
Concentration. The top ten holdings are 33.2% of AIRR and 49.4% of ARKK, a gap of 16.2 points.
What each follows. AIRR follows Reshoring and manufacturing and ARKK follows Broad innovation and megatrends.

Data as of Oct 28, 2026.

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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.

ARKK

By weight, 36% 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 46 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −3.5% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 17.2 pts. It sits 44.2% 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. 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 15% of its weight in S&P 500 names and ARKK has 36%, 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

AIRR vs XT AIRR vs SHLD AIRR vs COPX AIRR vs PPA ARKK vs GDXJ ARKK vs PPA ARKK vs COPX ARKK vs SHLD

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIRR on its own →ARKK on its own →AIRR dividend history →AIRR holdings →ARKK holdings →Method →Standards and sources →

Sources and dates

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

ARKK filings on SEC EDGAR ↗

ARKK prospectus with the expense ratio (SEC) ↗

ARK page for ARKK ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIRR against ARKK, data as of Oct 28, 2026. https://etfiq.com/compare/themes/airr-vs-arkk

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