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Data as of Nov 4, 2026.

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Thematic ETFs

AIRR vs PIEL: Holdings Overlap & Returns

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AIRR and PIEL hold 0% of their weight 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 $1.1m for Pacer International Export Leaders ETF.

AIRR on its own →PIEL on its own →
At a glance
14.7%
AIRR in the S&P 500
0.0%
PIEL in the S&P 500
−0.7%
AIRR total return, 1 year
+14.1%
PIEL total return, since launch, Dec 23, 2025
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.

PIEL · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 39% of the fund · 100 holdings as filed for Jul 31, 2026 · Nasdaq-100: 3% in100% of its weight is outside the S&P 5000% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 3% in

0% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

PIEL costs 0.20 points a year less; AIRR is far larger, $8.6bn against $1.1m.

Points (pts) are percentage points.

AIRR vs PIEL: Holdings Overlap & Returns
MeasureAIRRPIEL
Return
Total return, 1 year−0.7%not published
Drawdown
Below its all-time high26.9%, high on Jun 22, 2026
Against its benchmark
What it tracksReshoring and manufacturingReshoring and manufacturing
Against the S&P 500, 1 yearbehind by 15.5 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 15.5 pts
Cost and size
Expense ratio0.69%0.49%
Net assets, as of Nov 3, 2026$8.6bn$1.1m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, AIRR and PIEL 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 PIEL
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 PIEL
ASML Holding NV 4.92%
SK hynix Inc 4.54%
Novartis AG 4.38%
Samsung Electronics Co Ltd 4.32%
Roche Holding AG 4.21%
LVMH Moet Hennessy Louis Vuitt 3.69%
AstraZeneca PLC 3.62%
Nestle SA 3.52%
Check overlap with more funds →

Window by window

Window by window: AIRR vs PIEL: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIRRPIELAIRRPIEL
3 months−20.2%−1.3%−20.1 pts vs VOO+0.3 pts vs EFA
6 months−26.2%+5.4%−31.2 pts vs VOO+2.9 pts vs EFA
1 year−0.7%–−15.5 pts vs VOO–
3 years+96.7%–+13.4 pts vs VOO–
Since launchNot the same days: AIRR Mar 2014 · PIEL Dec 2025+409.0%+14.1%−1.9 pts vs VOO+2.6 pts vs EFA

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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 PIEL Pacer International Export Leaders ETF · Holds 100 stocks in reshoring and manufacturing, 0% 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% 0.0%
Active share vs the S&P 500 99.8% 100.0%
In the Nasdaq-100 not published 2.6%
Holdings 55 100
Top ten, share of the fund 33.5% 39.2%
Expense ratio 0.69% 0.49%
Fee for the differing part 0.69% 0.49%
Total return, 1 year −0.7% +14.1% (since launch, Dec 23, 2025)
vs its benchmark −15.5 pts vs VOO +2.6 pts vs EFA (since launch, Dec 23, 2025)
Below its high −26.9% −4.2%
Net assets, as of Nov 3, 2026 $8.6bn $1.1m

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.

PIEL

By weight, 0% of PIEL'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 39% of the fund across 100 positions, as filed for Jul 31, 2026. Since it first traded on Dec 23, 2025 the fund returned +14.1% with distributions reinvested.

Questions people ask

Do AIRR and PIEL 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 PIEL?
AIRR has 15% of its weight in S&P 500 names and PIEL has 0%, so PIEL differs more from the index.
Which is cheaper, AIRR or PIEL?
AIRR charges 0.69% a year and PIEL charges 0.49%, so PIEL is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIRR vs KMCAAIRR vs NRSHAIRR vs PEXLAIRR vs WELDPIEL vs WELDPIEL vs SUPPPIEL vs MADEPIEL vs NRSH
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIRR on its own →PIEL on its own →AIRR dividend history →AIRR holdings →PIEL 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 ↗
PIEL filings on SEC EDGAR ↗
PIEL 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 PIEL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/airr-vs-piel

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