AIRR vs FNDA: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (AIRR: 2026-03-31, FNDA: 2026-05-31). 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 FNDA?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930. They have 36 holdings in common, and by portfolio weight the two funds are 5.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 36AIRR holds 52 · FNDA holds 930
- Weight in Shared Holdings
- AIRR 64%·FNDA 6%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
16 of 52 positions (35.4% of the fund) are not held by FNDA.
Sector Breakdown
| Sector | AIRR | FNDA |
|---|---|---|
| Industrials | 91.9% | 20.0% |
| Financials | 8.0% | 15.3% |
| Information Technology | 0.0% | 15.0% |
| Consumer Discretionary | 0.0% | 12.1% |
| Real Estate | 0.0% | 8.5% |
| Other Sectors | 0.0% | 28.0% |
| Unclassified | 0.0% | 0.8% |
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, 1% of FNDA).
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% |
| FNDA | +2.5% | +21.8% | +32.0% | +14.5% | +9.0% | +11.0% | 1.09% |
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 FNDA →
Shared Holdings(36)
The top 10 shared positions account for 46% of the overlap, led by FIX, SAIA and DY.
 FIXComfort Systems USA Inc. COM | 4.18% | 0.41% | 0.41% |
|---|---|---|---|
 SAIASaia Inc COM | 3.17% | 0.32% | 0.32% |
 DYDycom Industries, Inc. COM | 3.07% | 0.31% | 0.31% |
 WERNWerner Enterprises Inc. COM | 0.63% | 0.29% | 0.29% |
 AITApplied Industrial Technologies Inc. COM | 1.83% | 0.26% | 0.26% |
 KEXKirby Corp COM | 1.90% | 0.23% | 0.23% |
 CNMCore & Main Inc CL A | 2.80% | 0.20% | 0.20% |
 WTFCWintrust Financial Corporation COM | 1.69% | 0.20% | 0.20% |
 ECGEverus Construction Group Inc. COM | 1.56% | 0.20% | 0.20% |
 STRLSterling Infrastructure Inc COM | 3.96% | 0.19% | 0.19% |
 FNBF N B Corp (Pennsylvania) COM | 1.88% | 0.19% | 0.19% |
 CLHClean Harbors, Inc. COM | 2.46% | 0.19% | 0.19% |
 BWXTBWX Technologies Inc. COM | 3.13% | 0.18% | 0.18% |
 HRIHerc Holdings Inc COM | 1.01% | 0.17% | 0.17% |
 ACAArcosa Inc COM | 0.56% | 0.17% | 0.17% |
 ONBOld National Bancorp COM | 1.57% | 0.17% | 0.17% |
 GVAGranite Construction Inc COM | 1.86% | 0.16% | 0.16% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.16% | 0.16% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.16% | 0.16% |
 SNDRSchneider National Inc CL B | 0.60% | 0.13% | 0.13% |
 ASBAssociated Banc-Corp COM | 1.36% | 0.13% | 0.13% |
 DNOWDNOW Inc. COM | 0.55% | 0.13% | 0.13% |
 TPCTutor Perini Corporation COM | 0.81% | 0.12% | 0.12% |
 RBCRBC Bearings Inc COM | 2.32% | 0.12% | 0.12% |
 FULTFulton Financial Corporation COM | 0.96% | 0.12% | 0.12% |
Frequently Asked Questions
How much do AIRR and FNDA overlap?
AIRR and FNDA overlap by 5.7% of portfolio weight. They share 36 holdings (AIRR holds 52 positions and FNDA holds 930), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and FNDA?
The two portfolios are 5.7% 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 FNDA?
The largest positions held by both funds are FIX, SAIA, DY, WERN and AIT. Together the top 10 shared positions account for 46% of the total overlap.
What does AIRR own that FNDA doesn't?
16 positions (35.4% of AIRR) are unique to AIRR, led by AGX, MTZ and EME. In the other direction, 894 positions (94.1% of FNDA) are unique to FNDA.