AIRR vs DON: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · as of 2026-03-31
How similar are AIRR and DON?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295. They have 20 holdings in common, and by portfolio weight the two funds are 4.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20AIRR holds 52 · DON holds 295
- Weight in Shared Holdings
- AIRR 38%·DON 5%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
32 of 52 positions (61.7% of the fund) are not held by DON. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | DON |
|---|---|---|
| Industrials | 91.9% | 17.1% |
| Financials | 8.0% | 22.3% |
| Consumer Discretionary | 0.0% | 10.2% |
| Real Estate | 0.0% | 9.8% |
| Materials | 0.0% | 8.9% |
| Other Sectors | 0.0% | 31.5% |
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.
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% |
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
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 DON →
Shared Holdings(20)
The top 10 shared positions account for 70% of the overlap, led by HII, OSK and MSM.
 HIIHuntington Ingalls Industries, Inc. COM | 3.01% | 0.48% | 0.48% |
|---|---|---|---|
 OSKOshkosh Corporation COM | 1.94% | 0.42% | 0.42% |
 MSMMSC Industrial Direct Co Inc. CL A | 1.30% | 0.41% | 0.41% |
 RRyder System, Inc. COM | 1.97% | 0.34% | 0.34% |
 ONBOld National Bancorp COM | 1.57% | 0.33% | 0.33% |
 BWXTBWX Technologies Inc. COM | 3.13% | 0.29% | 0.29% |
 LSTRLandstar System Inc. COM | 1.60% | 0.29% | 0.29% |
 DRSLeonardo DRS Inc COM | 0.77% | 0.28% | 0.28% |
 FNBF N B Corp (Pennsylvania) COM | 1.88% | 0.27% | 0.27% |
 AITApplied Industrial Technologies Inc. COM | 1.83% | 0.23% | 0.23% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.90% | 0.22% | 0.22% |
 WTFCWintrust Financial Corporation COM | 1.69% | 0.20% | 0.20% |
 AGXArgan Inc COM | 4.89% | 0.19% | 0.19% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.17% | 0.17% |
 FSSFederal Signal Corp. COM | 1.37% | 0.13% | 0.13% |
 GVAGranite Construction Inc COM | 1.86% | 0.13% | 0.13% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.12% | 0.12% |
 AAONAaon Inc COM PAR $0.004 | 1.96% | 0.11% | 0.11% |
 ACAArcosa Inc COM | 0.56% | 0.08% | 0.08% |
 CSWCSW Industrials Inc. COM | 1.06% | 0.05% | 0.05% |
Frequently Asked Questions
How much do AIRR and DON overlap?
AIRR and DON overlap by 4.8% of portfolio weight. They share 20 holdings (AIRR holds 52 positions and DON holds 295), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and DON?
The two portfolios are 4.8% 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 DON?
The largest positions held by both funds are HII, OSK, MSM, R and ONB. Together the top 10 shared positions account for 70% of the total overlap.
What does AIRR own that DON doesn't?
32 positions (61.7% of AIRR) are unique to AIRR, led by MTZ, FIX and STRL. In the other direction, 275 positions (95.0% of DON) are unique to DON.