AIRR vs DES: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
How similar are AIRR and DES?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530. They have 8 holdings in common, and by portfolio weight the two funds are 2.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8AIRR holds 52 · DES holds 530
- Weight in Shared Holdings
- AIRR 8%·DES 2%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AIRR
44 of 52 positions (92.3% of the fund) are not held by DES. Showing the top 30 by weight.
Only in DES
522 of 530 positions (97.4% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | DES |
|---|---|---|
| Industrials | 91.9% | 13.1% |
| Financials | 8.0% | 23.2% |
| Consumer Discretionary | 0.0% | 13.8% |
| Energy | 0.0% | 11.3% |
| Real Estate | 0.0% | 9.4% |
| Other Sectors | 0.0% | 24.7% |
| Unclassified | 0.0% | 4.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of AIRR, 4% of DES).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AIRR | +0.6% | +25.7% | +39.9% | +32.0% | +24.5% | +20.5% | 0.09% |
| DES | +3.2% | +24.6% | +33.0% | +13.6% | +8.4% | +8.2% | 2.22% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AIRR vs DES →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by ASB, FULT and FFBC.
 ASBAssociated Banc-Corp COM | 1.36% | 0.50% | 0.50% |
|---|---|---|---|
 FULTFulton Financial Corporation COM | 0.96% | 0.44% | 0.44% |
 FFBCFirst Financial Bancorp. COM | 0.55% | 0.32% | 0.32% |
 POWLPowell Industries Inc. COM | 1.83% | 0.29% | 0.29% |
 MWAMueller Water Products, Inc. COM SER A | 0.91% | 0.27% | 0.27% |
 SNDRSchneider National Inc CL B | 0.60% | 0.21% | 0.21% |
 ATKRAtkore Inc COM | 0.59% | 0.21% | 0.21% |
 TPCTutor Perini Corporation COM | 0.81% | 0.18% | 0.18% |
Frequently Asked Questions
How much do AIRR and DES overlap?
AIRR and DES overlap by 2.4% of portfolio weight. They share 8 holdings (AIRR holds 52 positions and DES holds 530), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and DES?
The two portfolios are 2.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AIRR and DES?
The largest positions held by both funds are ASB, FULT, FFBC, POWL and MWA. Together the top 8 shared positions account for 100% of the total overlap.
What does AIRR own that DES doesn't?
44 positions (92.3% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 522 positions (97.4% of DES) are unique to DES.