Do AIRR and COPX hold the same stocks?

By their latest filings, 0% 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 COPX?

AIRR has 15% of its weight in S&P 500 names and COPX has 5%, so COPX differs more from the index.

Which is cheaper, AIRR or COPX?

AIRR charges 0.69% a year and COPX charges 0.65%, so COPX is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

AIRR vs COPX: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, AIRR returned −0.2% to COPX's +27.5%; 0% of their weight is in the same names.

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Net assets: $8.4bn on Oct 27, 2026 for First Trust RBA American Industrial Renaissance ETF, and $7.3bn on Oct 12, 2026 for Global X Copper Miners ETF.

AIRR on its own →COPX on its own →

At a glance

14.7%

AIRR in the S&P 500

4.8%

COPX in the S&P 500

−0.2%

AIRR total return, 1 year

+27.5%

COPX 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.

COPX · 1 year to Oct 28, 2026 95% of its weight is outside the S&P 500

5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

COPX costs 0.04 points a year less; their one-year returns differ by 27.7 points; AIRR is 1.2 times larger.

Points (pts) are percentage points.

AIRR vs COPX: Holdings Overlap & Returns
Measure	AIRR	COPX
Return
Measure	AIRR	COPX
Total return, 1 year	−0.2%	+27.5%
Drawdown
Measure	AIRR	COPX
Below its all-time high	25.5%, high on Jun 22, 2026	20.3%, high on Aug 27, 2026
Against its benchmark
Measure	AIRR	COPX
What it tracks	Reshoring and manufacturing	Copper
Against the S&P 500, 1 year	behind by 13.9 pts
Its benchmark, total return, 1 year	+13.7%	+13.4%
Against its benchmark, 1 year	behind by 13.9 pts	ahead by 14.1 pts
Cost and size
Measure	AIRR	COPX
Expense ratio	0.69%	0.65%
Net assets, as of Oct 12, 2026	$8.9bn	$7.3bn
Holdings
Measure	AIRR	COPX
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Mar 21, 2014 to Oct 23, 2026 · 657 weekly returns

AIRR COPX

Return

Total return edge AIRR +394.7% +251.7%

Annualized edge AIRR +13.5% +10.5%

Price return edge AIRR +380.7% +178.9%

Risk

Volatility edge AIRR 25.2% 37.7%

Max drawdown edge AIRR −40.6% −71.4%

Downside capture 112.9% 136.2%

Beta 1.20 1.64

Risk-adjusted

Sharpe edge AIRR 0.55 0.40

Sortino edge AIRR 0.83 0.60

Treynor 0.115 0.068

Calmar edge AIRR 0.33 0.15

Against the benchmark

Alpha −0.8% a year −4.5% a year

Alpha t-stat −0.19 −0.69

Information ratio 0.10 0.05

Tracking error 16.2% 28.4%

Each against its own benchmark: AIRR against VOO, Mar 21, 2014 to Oct 23, 2026; COPX against ACWI, Apr 30, 2010 to Oct 23, 2026.

Reading

AIRR returned more: +394.7% to +251.7%. AIRR swung less: 25.2% to 37.7%. AIRR fell less at its worst: −40.6% to −71.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AIRR vs COPX: Holdings Overlap & Returns
Measure	AIRR	COPX	Edge	How it is measured
Return
Total return	+394.7%	+251.7%	AIRR	Price change plus distributions, reinvested.
Annualized	+13.5%	+10.5%	AIRR	Total return as a yearly rate.
Price return	+380.7%	+178.9%	AIRR	Price change alone, distributions left out.
Risk
Volatility	25.2%	37.7%	AIRR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.7%	25.0%	AIRR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.6%	−71.4%	AIRR	Deepest fall from a high to the low after it.
Upside capture	125.3%	204.4%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	112.9%	136.2%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.20	1.64	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.60	0.50	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.55	0.40	AIRR	Return above Treasury bills per unit of volatility.
Sortino	0.83	0.60	AIRR	Return above Treasury bills per unit of downside deviation.
Treynor	0.115	0.068		Return above Treasury bills per unit of beta.
Calmar	0.33	0.15	AIRR	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	ACWI		The ETF each fund is measured against.
Alpha	−0.8% a year	−4.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.19	−0.69	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−9.7% to +8.0%	−17.4% to +8.3%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.10	0.05		Return against its benchmark per unit of tracking error.
Tracking error	16.2%	28.4%	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 COPX hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AIRR COPX

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 COPX

BHP GROUP LIMITED 5.48%

Teck Resources Limited 5.39%

Hudbay Minerals Inc. 5.26%

SOUTHERN COPPER CORPORATION 5.08%

FIRST QUANTUM MINERALS LTD. 5.04%

GLENCORE PLC 5.02%

ANTOFAGASTA PLC 5.00%

KGHM POLSKA MIEDZ SPOLKA AKCYJNA 4.76%

Check overlap with more funds →

Window by window

Window by window: AIRR vs COPX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIRR	COPX	AIRR	COPX
3 months	−10.0%	+0.9%	−16.1 pts vs VOO	−3.5 pts vs ACWI
6 months	−18.4%	−0.8%	−27.5 pts vs VOO	−8.2 pts vs ACWI
1 year	−0.2%	+27.5%	−13.9 pts vs VOO	+14.1 pts vs ACWI
3 years	+112.5%	+141.8%	+17.0 pts vs VOO	+52.9 pts vs ACWI
Since launchNot the same days: AIRR Mar 2014 · COPX Apr 2010	+418.8%	+146.6%	+4.1 pts vs VOO	−248.6 pts vs ACWI

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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 COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies

Issuer First Trust Global X

Theme Reshoring and manufacturing Copper

In the S&P 500 14.7% 4.8%

Active share vs the S&P 500 99.8% 99.9%

In the Nasdaq-100 not published 0.0%

Holdings 55 40

Top ten, share of the fund 33.2% 50.3%

Expense ratio 0.69% 0.65%

Fee for the differing part 0.69% 0.65%

Total return, 1 year −0.2% +27.5%

vs its benchmark −13.9 pts vs VOO +14.1 pts vs ACWI

Below its high −25.5% −20.3%

Net assets, AIRR as of Oct 27, 2026 and COPX as of Oct 12, 2026 $8.4bn $7.3bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-2F71C36264

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

Theme. AIRR covers Reshoring and manufacturing and COPX covers Copper.
Concentration. The top ten holdings are 33.2% of AIRR and 50.3% of COPX, a gap of 17.1 points.
What each follows. AIRR follows Reshoring and manufacturing and COPX follows Copper.

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.

COPX

By weight, 5% of COPX'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 50% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned +27.5% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 14.1 pts. It sits 20.3% below its all-time high of Aug 27, 2026.

Questions people ask

Do AIRR and COPX hold the same stocks?: By their latest filings, 0% 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 COPX?: AIRR has 15% of its weight in S&P 500 names and COPX has 5%, so COPX differs more from the index.
Which is cheaper, AIRR or COPX?: AIRR charges 0.69% a year and COPX charges 0.65%, so COPX is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIRR vs IDEF AIRR vs BOTZ AIRR vs NLR AIRR vs ARKG COPX vs GDXJ COPX vs PPA COPX vs SHLD COPX vs ITA

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIRR on its own →COPX on its own →AIRR dividend history →AIRR holdings →COPX dividend history →COPX 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 ↗

COPX filings on SEC EDGAR ↗

COPX prospectus with the expense ratio (SEC) ↗

Global X page for COPX ↗

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 COPX, data as of Oct 28, 2026. https://etfiq.com/compare/themes/airr-vs-copx

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