AIRR vs FIDU: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
FIDUFidelity MSCI Industrials Index ETF
Fidelity · 359 holdings · $2.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (AIRR: 2026-03-31, FIDU: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AIRR and FIDU?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Fidelity MSCI Industrials Index ETF (FIDU, by Fidelity) holds 359. They have 46 holdings in common, and by portfolio weight the two funds are 6.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 46AIRR holds 52 · FIDU holds 359
- Weight in Shared Holdings
- AIRR 92%·FIDU 7%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
6 of 52 positions (8.0% of the fund) are not held by FIDU.
Sector Breakdown
| Sector | AIRR | FIDU |
|---|---|---|
| Industrials | 91.9% | 99.5% |
| Financials | 8.0% | 0.0% |
| Information Technology | 0.0% | 0.3% |
| Other Sectors | 0.0% | 0.0% |
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% |
| FIDU | +1.6% | +20.2% | +25.0% | +20.8% | +14.0% | +14.2% | 0.91% |
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 FIDU →
Shared Holdings(46)
The top 10 shared positions account for 52% of the overlap, led by FIX, EME and MTZ.
 FIXComfort Systems USA Inc. COM | 4.18% | 0.93% | 0.93% |
|---|---|---|---|
 EMEEmcor Group Inc COM | 3.54% | 0.57% | 0.57% |
 MTZMastec, Inc. COM | 4.65% | 0.35% | 0.35% |
 CHRWC.H. Robinson Worldwide Inc COM NEW | 3.05% | 0.31% | 0.31% |
 BWXTBWX Technologies Inc. COM | 3.13% | 0.28% | 0.28% |
 RBCRBC Bearings Inc COM | 2.32% | 0.26% | 0.26% |
 CLHClean Harbors, Inc. COM | 2.46% | 0.23% | 0.23% |
 STRLSterling Infrastructure Inc COM | 3.96% | 0.23% | 0.23% |
 HIIHuntington Ingalls Industries, Inc. COM | 3.01% | 0.20% | 0.20% |
 DYDycom Industries, Inc. COM | 3.07% | 0.18% | 0.18% |
 SAIASaia Inc COM | 3.17% | 0.17% | 0.17% |
 AITApplied Industrial Technologies Inc. COM | 1.83% | 0.17% | 0.17% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.16% | 0.16% |
 SPXCSPX Technologies, Inc. COM | 3.13% | 0.16% | 0.16% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.91% | 0.15% | 0.15% |
 RRyder System, Inc. COM | 1.97% | 0.15% | 0.15% |
 OCOwens Corning COM | 2.77% | 0.14% | 0.14% |
 OSKOshkosh Corporation COM | 1.94% | 0.14% | 0.14% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.14% | 0.14% |
 CNMCore & Main Inc CL A | 2.80% | 0.14% | 0.14% |
 AGXArgan Inc COM | 4.89% | 0.13% | 0.13% |
 POWLPowell Industries Inc. COM | 1.83% | 0.12% | 0.12% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.90% | 0.11% | 0.11% |
 FSSFederal Signal Corp. COM | 1.37% | 0.11% | 0.11% |
 ECGEverus Construction Group Inc. COM | 1.56% | 0.10% | 0.10% |
Frequently Asked Questions
How much do AIRR and FIDU overlap?
AIRR and FIDU overlap by 6.8% of portfolio weight. They share 46 holdings (AIRR holds 52 positions and FIDU holds 359), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and FIDU?
The two portfolios are 6.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of AIRR and FIDU?
The largest positions held by both funds are FIX, EME, MTZ, CHRW and BWXT. Together the top 10 shared positions account for 52% of the total overlap.
What does AIRR own that FIDU doesn't?
6 positions (8.0% of AIRR) are unique to AIRR, led by FNB, WTFC and ONB. In the other direction, 313 positions (93.0% of FIDU) are unique to FIDU.