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ETFs

First Trust Exchange-Traded Fund VI First Trust RBA American Industrial Renaissance ETF

AIRR
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Mar 11, 2014
Expense Ratio
0.7%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,113,386
AUM
$479,043,103
Associated Index
Richard Bernstein Advisors American Industrial Renaissance Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ARRY
Array Technologies Inc
4.17%
STRL
Sterling Infrastructure Inc
4.13%
EME
Emcor Group, Inc.
3.85%
RBC
RBC Bearings Inc.
3.82%
PRIM
Primoris Services Corp
3.64%
FIX
Comfort Systems USA, Inc.
3.5%
CLH
Clean Harbors, Inc.
3.5%
SPXC
SPX Technologies Inc
3.48%
WIRE
Encore Wire Corp.
3.44%
ACA
Arcosa Inc
3.34%
Invest with AIRR
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What is AIRR?

First Trust RBA American Industrial Renaissance ETF is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond to an index called the Richard Bernstein Advisors American Industrial Renaissance Index.The Index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

AIRR
Performance Measures**

for the time period Mar 11, 2014 to Dec 4, 2025

Returns

1M Trailing Return: 1.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 8.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -42.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 25.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.68

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.36

The annualized return divided by the max drawdown for the selected time period.

ETFs related toAIRR

ETFs correlated to AIRR include PAVE, FXR, DFAS

AIRR
First Trust Exchange-Traded Fund III - First Trust RBA American Industrial Renaissance ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toAIRR

Robots

Category

Thematic robotics/AI, momentum trend-following, equities, defense tech, industrials, EV/battery metals, commodities, core-satellite

OOS Cumulative Return

1.52%

Create your own algorithmic trading strategy with AIRR using Composer

FAQ

AIRR is a US Equities ETF. First Trust RBA American Industrial Renaissance ETF is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond to an index called the Richard Bernstein Advisors American Industrial Renaissance Index.The Index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.

AIRR tracks the Richard Bernstein Advisors American Industrial Renaissance Index.

No, AIRR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, AIRR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AIRR is -0.0217%. This is the percent change in the value of AIRR over the most recent 1-month period. The 3-month return on AIRR is 0.0081%. This is the percent change in the value of AIRR over the most recent 3-month period.

The standard deviation of AIRR for the past year is 0.2427%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AIRR include XLI, XLY, and XLV.

ETFs correlated to AIRR include PAVE, FXR, and DFAS.

ETFs that are inversely correlated to AIRR include RWM, TZA, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.