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ETF comparison

AIRR vs SHLD

Both Industrials.

First Trust RBA American Industrial RenaissanceTM ETF · Global X Defense Tech ETF

Holdings overlap

Weighted by ISIN/CUSIP
9.4 %

5 positions appear in both funds. Buying equal dollars of AIRR and SHLD would leave roughly 9.4% of each dollar exposed to the same underlying securities.

AIRR only 90.6% Shared 9.4% SHLD only 90.5%
In AIRR only
48 positions
Shared
5 positions
In SHLD only
44 positions

Side by side

AIRR

First Trust RBA American Industrial RenaissanceTM ETF

First Trust · Industrials

64 composite / 100
Expense ratio
0.69%
Net assets
$11.49B
TTM yield
0.09%
Top-10 conc.
37.1%
SHLD

Global X Defense Tech ETF

Global X · Industrials

64 composite / 100
Expense ratio
0.50%
Net assets
$6.85B
TTM yield
0.70%
Top-10 conc.
59.8%

Sub-score comparison

31
Cost
50
85
Tax efficiency
84
100
Liquidity
93
61
Concentration
29
—
Tracking quality
—
AIRR sub-score SHLD

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SHLD is 19 bps cheaper than AIRR. On a $100,000 position that's about $190/yr more in fees for AIRR.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with AIRR vs SHLD.

Top shared holdings

5 shared in total
# Holding In AIRR In SHLD Overlap
1 BWX Technologies Inc. 3.13% 2.90% 2.90%
2 Huntington Ingalls Industries, Inc. 3.01% 2.67% 2.67%
3 Kratos Defense & Security Solutions, Inc. 1.91% 2.20% 1.91%
4 KARMAN HOLDINGS INC 2.31% 1.15% 1.15%
5 Mercury Systems Inc 0.83% 0.81% 0.81%

Only in AIRR

48 total
  • Argan Inc 4.89%
  • Mastec, Inc. 4.65%
  • Comfort Systems USA Inc. 4.18%
  • Sterling Infrastructure Inc 3.96%
  • Emcor Group Inc 3.54%
  • Primoris Services Corp. 3.34%
  • Saia Inc 3.17%
  • SPX TECHNOLOGIES INC 3.13%
  • Dycom Industries, Inc. 3.07%
  • C.H. Robinson Worldwide Inc 3.05%

Only in SHLD

44 total
  • LOCKHEED MARTIN CORPORATION 9.46%
  • RTX CORPORATION 7.92%
  • GENERAL DYNAMICS CORPORATION 7.15%
  • Rheinmetall Aktiengesellschaft 6.78%
  • PALANTIR TECHNOLOGIES INC. 5.60%
  • Northrop Grumman Corporation 4.92%
  • L3HARRIS TECHNOLOGIES, INC. 4.91%
  • BAE SYSTEMS PLC 4.60%
  • HANWHA AEROSPACE CO., LTD. 4.24%
  • THALES SA 4.17%

Open AIRR or SHLD at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.