AIRR vs FVD: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
How similar are AIRR and FVD?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236. They have 2 holdings in common, and by portfolio weight the two funds are 0.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2AIRR holds 52 · FVD holds 236
- Weight in Shared Holdings
- AIRR 3%·FVD 1%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
50 of 52 positions (97.0% of the fund) are not held by FVD. Showing the top 30 by weight.
Only in FVD
234 of 236 positions (98.9% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | FVD |
|---|---|---|
| Industrials | 91.9% | 15.1% |
| Utilities | 0.0% | 18.9% |
| Financials | 8.0% | 18.5% |
| Consumer Staples | 0.0% | 10.4% |
| Real Estate | 0.0% | 8.0% |
| Other Sectors | 0.0% | 24.2% |
| Unclassified | 0.0% | 4.7% |
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, 5% of FVD).
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% |
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
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 FVD →
Shared Holdings(2)
Frequently Asked Questions
How much do AIRR and FVD overlap?
AIRR and FVD overlap by 0.9% of portfolio weight. They share 2 holdings (AIRR holds 52 positions and FVD holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and FVD?
The two portfolios are 0.9% 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 FVD?
The largest positions held by both funds are LSTR and MSM. Together the top 2 shared positions account for 100% of the total overlap.
What does AIRR own that FVD doesn't?
50 positions (97.0% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 234 positions (98.9% of FVD) are unique to FVD.