Data as of .
AIRR vs FDN: which is really different?
FDN holds 82.4% of its weight in S&P 500 companies and AIRR 5.5%.
ETFIQ Off-Index Score: AIRR scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 371 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
What they hold in common
By the books each fund has filed, AIRR and FDN hold 0% of their money in the same securities at the same weight.
| Holding | AIRR | FDN |
|---|---|---|
| US Dollar | 0.23% | 0.07% |
| Only in AIRR | Only in FDN |
|---|---|
| IES Holdings, Inc. 3.83% | Meta Platforms, Inc. (Class A) 10.43% |
| Kratos Defense & Security Solutions, Inc 3.38% | Amazon.com, Inc. 9.78% |
| SPX Technologies 3.10% | Cisco Systems, Inc. 7.25% |
| BWX Technologies, Inc. 3.09% | Salesforce, Inc. 5.91% |
| Owens Corning 3.03% | Arista Networks, Inc. 5.18% |
| Nextpower Inc. (Class A) 2.89% | Alphabet Inc. (Class A) 4.79% |
| Saia, Inc. 2.83% | Booking Holdings Inc. 4.51% |
| C.H. Robinson Worldwide, Inc. 2.77% | Oracle Corporation 4.44% |
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 Sep 10, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AIRR | FDN | AIRR | FDN | AIRR | FDN | |
| 3 months | −17.1% | +9.3% | −20.4 pts | +6.0 pts | −16.3 pts | +10.1 pts |
| 6 months | −1.1% | +20.3% | −17.1 pts | +4.3 pts | −21.8 pts | −0.4 pts |
| 1 year | +15.0% | +1.9% | −2.5 pts | −15.6 pts | −8.0 pts | −21.0 pts |
| 3 years | +102.4% | +69.5% | +24.5 pts | −8.4 pts | +7.3 pts | −25.6 pts |
| Since launch | +460.7% | +1031.5% | +56.4 pts | +227.1 pts | −312.8 pts | −642.4 pts |
| AIRR First Trust RBA American Industrial Renaissance ETF Holds 58 stocks in reshoring and manufacturing, 6% of its weight in S&P 500 companies | FDN First Trust Dow Jones Internet Index Fund Holds 42 stocks in internet and e-commerce, 82% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | First Trust |
| Theme | Reshoring and manufacturing | Internet and e-commerce |
| In the S&P 500 | 5.5% | 82.4% |
| Active share vs the S&P 500 | 99.9% | 85.5% |
| In the Nasdaq-100 | 0.0% | 57.1% |
| Holdings | 58 | 42 |
| Top ten, share of the fund | 30.4% | 60.5% |
| Expense ratio | 0.69% | 0.49% |
| Fee for the differing part | 0.69% | 0.57% |
| Total return, 1 year | +15.0% | +1.9% |
| vs the S&P 500 | −2.5 pts | −15.6 pts |
| vs the Nasdaq-100 | −8.0 pts | −21.0 pts |
| Below its high | −19.5% | −2.1% |
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.
FDN in plain words
By weight, 82% of FDN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 60% of the fund across 42 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +1.9% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 15.6 pts.
Questions people ask
- Which is more different from the S&P 500, AIRR or FDN?
- AIRR has 6% of its weight in S&P 500 names and FDN has 82%, so AIRR differs more from the index.
- Which is cheaper, AIRR or FDN?
- AIRR charges 0.69% a year and FDN charges 0.49%, so FDN 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.
Cite this page. ETFIQ, AIRR against FDN, data as of Sep 11, 2026. https://etfiq.com/compare/themes/airr-vs-fdn Free to use with attribution; the underlying files are at Open data.