Do AIRR and XT 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 XT?

AIRR has 15% of its weight in S&P 500 names and XT has 66%, so AIRR differs more from the index.

Which is cheaper, AIRR or XT?

AIRR charges 0.69% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

AIRR vs XT: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, AIRR returned −0.2% to XT's +22.1%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $8.4bn for First Trust RBA American Industrial Renaissance ETF and $4.1bn for iShares Future Exponential Technologies ETF.

AIRR on its own →XT on its own →

At a glance

14.7%

AIRR in the S&P 500

65.5%

XT in the S&P 500

−0.2%

AIRR total return, 1 year

+22.1%

XT total return, 1 year

AIRR · 1 year to Oct 28, 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 Oct 27, 2026.

XT · 1 year to Oct 28, 2026 35% of its weight is outside the S&P 500

66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XT costs 0.23 points a year less; their one-year returns differ by 22.3 points; AIRR is 2.0 times larger.

Points (pts) are percentage points.

AIRR vs XT: Holdings Overlap & Returns
Measure	AIRR	XT
Return
Measure	AIRR	XT
Total return, 1 year	−0.2%	+22.1%
Drawdown
Measure	AIRR	XT
Below its all-time high	25.5%, high on Jun 22, 2026
Against its benchmark
Measure	AIRR	XT
What it tracks	Reshoring and manufacturing	Broad innovation and megatrends
Against the S&P 500, 1 year	behind by 13.9 pts
Its benchmark, total return, 1 year	+13.7%	+13.4%
Against its benchmark, 1 year	behind by 13.9 pts	ahead by 8.7 pts
Cost and size
Measure	AIRR	XT
Expense ratio	0.69%	0.46%
Net assets, as of Oct 27, 2026	$8.4bn	$4.1bn
Holdings
Measure	AIRR	XT
Holdings in common	0%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 2, 2015 to Oct 23, 2026 · 603 weekly returns

AIRR XT

Return

Total return edge AIRR +413.8% +292.0%

Annualized edge AIRR +15.2% +12.5%

Price return edge AIRR +401.2% +225.6%

Risk

Volatility edge XT 25.6% 19.0%

Max drawdown edge XT −40.6% −34.3%

Downside capture 112.9% 108.7%

Beta 1.20 1.11

Risk-adjusted

Sharpe edge Tie 0.59 0.60

Sortino edge AIRR (slight) 0.90 0.87

Treynor 0.115 0.103

Calmar edge AIRR (slight) 0.37 0.36

Against the benchmark

Alpha −0.8% a year +1.1% a year

Alpha t-stat −0.19 0.61

Information ratio 0.10 0.33

Tracking error 16.2% 6.5%

Each against its own benchmark: AIRR against VOO, Mar 21, 2014 to Oct 23, 2026; XT against ACWI, Apr 2, 2015 to Oct 23, 2026.

Reading

AIRR returned more: +413.8% to +292.0%. XT swung less: 19.0% to 25.6%. XT fell less at its worst: −34.3% to −40.6%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AIRR vs XT: Holdings Overlap & Returns
Measure	AIRR	XT	Edge	How it is measured
Return
Total return	+413.8%	+292.0%	AIRR	Price change plus distributions, reinvested.
Annualized	+15.2%	+12.5%	AIRR	Total return as a yearly rate.
Price return	+401.2%	+225.6%	AIRR	Price change alone, distributions left out.
Risk
Volatility	25.6%	19.0%	XT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.9%	13.2%	XT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.6%	−34.3%	XT	Deepest fall from a high to the low after it.
Upside capture	125.3%	123.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	112.9%	108.7%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.20	1.11	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.60	0.89	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.59	0.60	Tie	Return above Treasury bills per unit of volatility.
Sortino	0.90	0.87	AIRR (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.115	0.103		Return above Treasury bills per unit of beta.
Calmar	0.37	0.36	AIRR (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	ACWI		The ETF each fund is measured against.
Alpha	−0.8% a year	+1.1% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.19	0.61	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−9.7% to +8.0%	−2.5% to +4.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.10	0.33		Return against its benchmark per unit of tracking error.
Tracking error	16.2%	6.5%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 603 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AIRR and XT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AIRR XT

Nextpower Inc. (Class A) 3.12% 0.11%

Only in one fund ↓

Only in AIRR

C.H. Robinson Worldwide, Inc. 3.83%

Karman Holdings Inc. 3.51%

Kratos Defense & Security Solutions, Inc. 3.47%

BWX Technologies, Inc. 3.33%

Herc Holdings, Inc. 3.30%

Owens Corning 3.20%

RBC Bearings Incorporated 3.19%

Dycom Industries, Inc. 3.13%

Only in XT

TEXAS INSTRUMENT 4.56%

TESLA INC 4.45%

ELI LILLY 4.32%

MICROSOFT 4.11%

PALO ALTO NETWORKS 3.67%

NVIDIA 3.66%

ANALOG DEVICES 3.33%

JOHNSON & JOHNSON 3.02%

Check overlap with more funds →

Window by window

Window by window: AIRR vs XT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIRR	XT	AIRR	XT
3 months	−10.0%	+10.2%	−16.1 pts vs VOO	+5.8 pts vs ACWI
6 months	−18.4%	+14.0%	−27.5 pts vs VOO	+6.6 pts vs ACWI
1 year	−0.2%	+22.1%	−13.9 pts vs VOO	+8.7 pts vs ACWI
3 years	+112.5%	+93.2%	+17.0 pts vs VOO	+4.3 pts vs ACWI
Since launchNot the same days: AIRR Mar 2014 · XT Mar 2015	+418.8%	+297.8%	+4.1 pts vs VOO	+71.7 pts vs ACWI

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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 XT iShares Future Exponential Technologies ETF · Holds 197 stocks in broad innovation and megatrends, 66% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Reshoring and manufacturing Broad innovation and megatrends

In the S&P 500 14.7% 65.5%

Active share vs the S&P 500 99.8% 69.2%

In the Nasdaq-100 not published 41.6%

Holdings 55 197

Top ten, share of the fund 33.2% 36.6%

Expense ratio 0.69% 0.46%

Fee for the differing part 0.69% 0.66%

Total return, 1 year −0.2% +22.1%

vs its benchmark −13.9 pts vs VOO +8.7 pts vs ACWI

Below its high −25.5% −0.5%

Net assets, as of Oct 27, 2026 $8.4bn $4.1bn

As of Oct 28, 2026. Source: ETFIQ.

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

Client brief · page 1 of 2 Report BR-CE812B10FE

AIRR and XT are built for the same job. How do they differ in cost, holdings and results?

Theme. AIRR covers Reshoring and manufacturing and XT covers Broad innovation and megatrends.
What each follows. AIRR follows Reshoring and manufacturing and XT follows Broad innovation and megatrends.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).

Data as of Oct 28, 2026.

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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 33% of the fund across 55 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 25.5% below its all-time high of Jun 22, 2026.

By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.

Questions people ask

Do AIRR and XT 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 XT?: AIRR has 15% of its weight in S&P 500 names and XT has 66%, so AIRR differs more from the index.
Which is cheaper, AIRR or XT?: AIRR charges 0.69% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIRR vs ARKK AIRR vs XME AIRR vs BAI AIRR vs IGV XT vs GDXJ XT vs COPX XT vs ARKK XT vs FDN

Where to next

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

XT filings on SEC EDGAR ↗

XT prospectus with the expense ratio (SEC) ↗

iShares page for XT ↗

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 XT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/airr-vs-xt

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