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Data as of Nov 4, 2026.

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Thematic ETFs

AIRR vs PEXL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIRR returned −0.7% to PEXL's +22.3%; 0% 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 $52m for Pacer US Export Leaders ETF.

AIRR on its own →PEXL on its own →
At a glance
14.7%
AIRR in the S&P 500
97.7%
PEXL in the S&P 500
−0.7%
AIRR total return, 1 year
+22.3%
PEXL total return, 1 year
AIRR · 1 year to Nov 4, 2026 85% of its weight is outside the S&P 500
85% of its weight is outside the S&P 50015% of AIRR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Nov 3, 2026.15%85%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 34% of the fund · 55 holdings as published by its issuer for Nov 3, 202685% of its weight is outside the S&P 50015% of AIRR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Nov 3, 2026.15%85%inof its weight outside the S&P 500active share 100% · top ten 34% of the fund

15% of AIRR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Nov 3, 2026.

PEXL · 1 year to Nov 4, 2026 2% of its weight is outside the S&P 500
2% of its weight is outside the S&P 50098% of PEXL's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Jul 31, 2026.98%2%of its weight in S&P 500 companies2% of its weight outside the S&P 500active share 67% · top ten 45% of the fund · 100 holdings as filed for Jul 31, 2026 · Nasdaq-100: 63% in2% of its weight is outside the S&P 50098% of PEXL's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Jul 31, 2026.98%2%of its weight in S&P 500 companies2% of its weight outside the S&P 500active share 67% · Nasdaq-100: 63% in

98% of PEXL's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

PEXL costs 0.20 points a year less; their one-year returns differ by 23.0 points; AIRR is far larger, $8.6bn against $52m.

Points (pts) are percentage points.

AIRR vs PEXL: Holdings Overlap & Returns
MeasureAIRRPEXL
Return
Total return, 1 year−0.7%+22.3%
Drawdown
Below its all-time high26.9%, high on Jun 22, 20266.7%, high on Jun 30, 2026
Against its benchmark
What it tracksReshoring and manufacturingReshoring and manufacturing
Against the S&P 500, 1 yearbehind by 15.5 ptsahead by 7.5 pts
Its benchmark, total return, 1 year+14.8%+14.8%
Against its benchmark, 1 yearbehind by 15.5 ptsahead by 7.5 pts
Cost and size
Expense ratio0.69%0.49%
Net assets, as of Nov 3, 2026$8.6bn$52m
Holdings
Holdings in common0%
Top ten holdings, share of the fund34%44%

Method

What they share

0%

By the books each fund has filed, AIRR and PEXL hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AIRR PEXL
Only in one fund ↓
Only in AIRR
Nextpower Inc. (Class A) 3.67%
Karman Holdings Inc. 3.57%
Herc Holdings, Inc. 3.49%
C.H. Robinson Worldwide, Inc. 3.46%
Huntington Ingalls Industries, Inc. 3.44%
Kratos Defense & Security Solutions, Inc. 3.35%
BWX Technologies, Inc. 3.19%
RBC Bearings Incorporated 3.19%
Only in PEXL
Microsoft Corp 6.18%
Apple Inc 5.51%
Broadcom Inc 5.29%
Alphabet Inc 5.14%
Meta Platforms Inc 5.10%
Advanced Micro Devices Inc 4.83%
Applied Materials Inc 3.31%
Coca-Cola Co 3.09%
Check overlap with more funds →

Window by window

Window by window: AIRR vs PEXL: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIRRPEXLAIRRPEXL
3 months−20.2%−2.9%−20.1 pts vs VOO−2.8 pts vs VOO
6 months−26.2%+1.1%−31.2 pts vs VOO−3.9 pts vs VOO
1 year−0.7%+22.3%−15.5 pts vs VOO+7.5 pts vs VOO
3 years+96.7%+76.6%+13.4 pts vs VOO−6.7 pts vs VOO
Since launchNot the same days: AIRR Mar 2014 · PEXL Jul 2018+409.0%+191.7%−1.9 pts vs VOO−18.1 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 PEXL Pacer US Export Leaders ETF · Holds 100 stocks in reshoring and manufacturing, 98% of its weight in S&P 500 companies
Issuer First Trust Pacer
Theme Reshoring and manufacturing Reshoring and manufacturing
In the S&P 500 14.7% 97.7%
Active share vs the S&P 500 99.8% 67.1%
In the Nasdaq-100 not published 63.3%
Holdings 55 100
Top ten, share of the fund 33.5% 44.5%
Expense ratio 0.69% 0.49%
Fee for the differing part 0.69% 0.73%
Total return, 1 year −0.7% +22.3%
vs its benchmark −15.5 pts vs VOO +7.5 pts vs VOO
Below its high −26.9% −6.7%
Net assets, as of Nov 3, 2026 $8.6bn $52m

As of Nov 4, 2026. Source: ETFIQ.

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

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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 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.

PEXL

By weight, 98% of PEXL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 67%. The top ten holdings are 44% of the fund across 100 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +22.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was ahead by 7.5 pts. It sits 6.7% below its all-time high of Jun 30, 2026.

Questions people ask

Do AIRR and PEXL 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 PEXL?
AIRR has 15% of its weight in S&P 500 names and PEXL has 98%, so AIRR differs more from the index.
Which is cheaper, AIRR or PEXL?
AIRR charges 0.69% a year and PEXL charges 0.49%, so PEXL is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIRR vs NRSHAIRR vs MADEAIRR vs WELDAIRR vs KMCAPEXL vs WELDPEXL vs SUPPPEXL vs PIELPEXL vs KMCA
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIRR on its own →PEXL on its own →AIRR dividend history →AIRR holdings →PEXL dividend history →PEXL 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 ↗
PEXL filings on SEC EDGAR ↗
PEXL prospectus with the expense ratio (SEC) ↗
Pacer website ↗

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.

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ETFIQ, AIRR against PEXL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/airr-vs-pexl

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