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Data as of Nov 4, 2026.

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Thematic ETFs

AIRR vs WELD: Holdings Overlap & Returns

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AIRR and WELD hold 6% 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 $251m for Tema U.S. Manufacturing & Reshoring ETF.

AIRR on its own →WELD on its own →
At a glance
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.

WELD · 3 months to Nov 4, 2026 61% of its weight is outside the S&P 500
61% of its weight is outside the S&P 50039% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.39%61%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 63% of the fund · 21 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 5% in61% of its weight is outside the S&P 50039% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.39%61%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 5% in

39% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

AIRR costs 0.06 points a year less; AIRR is far larger, $8.6bn against $251m.

Points (pts) are percentage points.

AIRR vs WELD: Holdings Overlap & Returns
MeasureAIRRWELD
Return
Total return, 1 year−0.7%not published
Drawdown
Below its all-time high26.9%, high on Jun 22, 202621.1%, 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 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 15.5 pts
Cost and size
Expense ratio0.69%0.75%
Net assets, as of Nov 3, 2026$8.6bn$251m
Holdings
Holdings in common6%

Method

What they share

6%

By the books each fund has filed, AIRR and WELD hold 6% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

0 half 100%

half

6% in common

Positions both hold · largest shared weight first AIRR WELD
SPX Technologies 2.10% 3.11%
Applied Industrial Technologies, Inc. 1.82% 6.62%
Powell Industries, Inc. 1.82% 4.13%
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 WELD
TIMKEN CO 7.13%
GATES INDUSTRIAL CORP LTD 7.04%
PARKER-HANNIFIN CORP 6.93%
COGNEX CORP 6.90%
TEREX CORP 6.45%
INGERSOLL RAND INC 6.07%
NOVANTA INC 5.51%
AMETEK INC 5.30%
Check overlap with more funds →

Window by window

Window by window: AIRR vs WELD: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIRRWELDAIRRWELD
3 months−20.2%−15.4%−20.1 pts vs VOOnot measured
6 months−26.2%–−31.2 pts vs VOO–
1 year−0.7%–−15.5 pts vs VOO–
3 years+96.7%–+13.4 pts vs VOO–
Since launch+409.0%–−1.9 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 WELD Tema U.S. Manufacturing & Reshoring ETF · Holds 21 stocks in reshoring and manufacturing, 39% of its weight in S&P 500 companies
Issuer First Trust Tema
Theme Reshoring and manufacturing Reshoring and manufacturing
In the S&P 500 14.7% 38.9%
Active share vs the S&P 500 99.8% 98.0%
In the Nasdaq-100 not published 4.5%
Holdings 55 21
Top ten, share of the fund 33.5% 63.1%
Expense ratio 0.69% 0.75%
Fee for the differing part 0.69% 0.77%
Total return, 1 year −0.7% not available
vs its benchmark −15.5 pts vs VOO not available
Below its high −26.9% −21.1%
Net assets, as of Nov 3, 2026 $8.6bn $251m

As of Nov 4, 2026. Source: ETFIQ.

6% 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.

WELD

By weight, 39% of WELD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 63% of the fund across 21 positions, as published by its issuer for Nov 3, 2026. It sits 21.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do AIRR and WELD hold the same stocks?
By their latest filings, 6% 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 WELD?
AIRR has 15% of its weight in S&P 500 names and WELD has 39%, so AIRR differs more from the index.
Which is cheaper, AIRR or WELD?
AIRR charges 0.69% a year and WELD charges 0.75%, so AIRR is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIRR vs SUPPAIRR vs PIELAIRR vs MADEAIRR vs PEXLWELD vs MADEWELD vs PEXLWELD vs NRSHWELD 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 →WELD on its own →AIRR dividend history →AIRR holdings →WELD 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 ↗
WELD filings on SEC EDGAR ↗
WELD prospectus with the expense ratio (SEC) ↗
Tema page for WELD ↗

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

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