Do AIRR and MADE hold the same stocks?

By their latest filings, 3% 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 MADE?

AIRR has 15% of its weight in S&P 500 names and MADE has 81%, so AIRR differs more from the index.

Which is cheaper, AIRR or MADE?

AIRR charges 0.69% a year and MADE charges 0.40%, so MADE is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AIRR vs MADE: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIRR returned −0.7% to MADE's +12.2%; 3% of their weight is in the same names.

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Net assets on Nov 3, 2026: $8.6bn for First Trust RBA American Industrial Renaissance ETF and $56m for iShares U.S. Manufacturing ETF.

AIRR on its own →MADE on its own →

At a glance

14.7%

AIRR in the S&P 500

80.7%

MADE in the S&P 500

−0.7%

AIRR total return, 1 year

+12.2%

MADE total return, 1 year

AIRR · 1 year to Nov 4, 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 Nov 3, 2026.

MADE · 1 year to Nov 4, 2026 19% of its weight is outside the S&P 500

81% of MADE's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

MADE costs 0.29 points a year less; their one-year returns differ by 12.9 points; AIRR is far larger, $8.6bn against $56m.

Points (pts) are percentage points.

AIRR vs MADE: Holdings Overlap & Returns
Measure	AIRR	MADE
Return
Measure	AIRR	MADE
Total return, 1 year	−0.7%	+12.2%
Drawdown
Measure	AIRR	MADE
Below its all-time high	26.9%, high on Jun 22, 2026	14.7%, high on Jun 22, 2026
Against its benchmark
Measure	AIRR	MADE
What it tracks	Reshoring and manufacturing	Reshoring and manufacturing
Against the S&P 500, 1 year	behind by 15.5 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 15.5 pts
Cost and size
Measure	AIRR	MADE
Expense ratio	0.69%	0.40%
Net assets, as of Nov 3, 2026	$8.6bn	$56m
Holdings
Measure	AIRR	MADE
Holdings in common	3%

Method

What they share

By the books each fund has filed, AIRR and MADE hold 3% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first AIRR MADE

Nextpower Inc. (Class A) 3.67% 0.51%

Oshkosh Corporation 2.11% 0.43%

Federal Signal Corporation 1.07% 0.35%

SPX Technologies 2.10% 0.26%

Zurn Elkay Water Solutions Corp. 0.82% 0.21%

Huntington Ingalls Industries, Inc. 3.44% 0.19%

BWX Technologies, Inc. 3.19% 0.18%

Powell Industries, Inc. 1.82% 0.17%

AAON, Inc. 1.67% 0.15%

CSW Industrials, Inc. 0.78% 0.15%

Mueller Water Products, Inc. 0.76% 0.12%

Kratos Defense & Security Solutions, Inc. 3.35% 0.11%

Only in one fund ↓

Only in AIRR

Herc Holdings, Inc. 3.49%

C.H. Robinson Worldwide, Inc. 3.46%

RBC Bearings Incorporated 3.19%

Owens Corning 3.15%

Dycom Industries, Inc. 3.02%

Argan, Inc. 2.95%

Core & Main, Inc. (Class A) 2.93%

Forgent Power Solutions, Inc. (Class A) 2.73%

Only in MADE

AMPHENOL CORP CLASS A 4.29%

RTX 4.09%

DEERE 4.07%

EATON PLC 3.91%

PARKER-HANNIFIN 3.84%

GENERAL MOTORS 3.76%

HONEYWELL INTERNATIONAL INC 3.45%

CUMMINS INC 3.35%

Check overlap with more funds →

Window by window

Window by window: AIRR vs MADE: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIRR	MADE	AIRR	MADE
3 months	−20.2%	−12.5%	−20.1 pts vs VOO	not measured
6 months	−26.2%	−10.6%	−31.2 pts vs VOO	not measured
1 year	−0.7%	+12.2%	−15.5 pts vs VOO	not measured
3 years	+96.7%	–	+13.4 pts vs VOO	–
Since launchNot the same days: AIRR Mar 2014 · MADE Jul 2024	+409.0%	+40.8%	−1.9 pts vs VOO	not measured

– means no data for this window. Open this comparison in the app →

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 MADE iShares U.S. Manufacturing ETF · Holds 112 stocks in reshoring and manufacturing, 81% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Reshoring and manufacturing Reshoring and manufacturing

In the S&P 500 14.7% 80.7%

Active share vs the S&P 500 99.8% 94.8%

In the Nasdaq-100 not published 9.4%

Holdings 55 112

Top ten, share of the fund 33.5% 37.1%

Expense ratio 0.69% 0.40%

Fee for the differing part 0.69% 0.42%

Total return, 1 year −0.7% +12.2%

vs its benchmark −15.5 pts vs VOO not measured

Below its high −26.9% −14.7%

Net assets, as of Nov 3, 2026 $8.6bn $56m

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

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 34% of the fund across 55 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −0.7% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 15.5 pts. It sits 26.9% below its all-time high of Jun 22, 2026.

MADE

By weight, 81% of MADE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 37% of the fund across 112 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +12.2% with distributions reinvested. It sits 14.7% below its all-time high of Jun 22, 2026.

Questions people ask

Do AIRR and MADE hold the same stocks?: By their latest filings, 3% 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 MADE?: AIRR has 15% of its weight in S&P 500 names and MADE has 81%, so AIRR differs more from the index.
Which is cheaper, AIRR or MADE?: AIRR charges 0.69% a year and MADE charges 0.40%, so MADE is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIRR vs KMCA AIRR vs PEXL AIRR vs NRSH AIRR vs WELD MADE vs WELD MADE vs PEXL MADE vs NRSH MADE vs SUPP

Where to next

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

MADE filings on SEC EDGAR ↗

MADE prospectus with the expense ratio (SEC) ↗

iShares page for MADE ↗

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 MADE, data as of Nov 4, 2026. https://etfiq.com/compare/themes/airr-vs-made

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