AIRR vs IFRA: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
IFRAiShares U.S. Infrastructure ETF
iShares · 162 holdings · $4.6B · as of 2026-03-31
How similar are AIRR and IFRA?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; iShares U.S. Infrastructure ETF (IFRA, by iShares) holds 162. They have 14 holdings in common, and by portfolio weight the two funds are 7.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14AIRR holds 52 · IFRA holds 162
- Weight in Shared Holdings
- AIRR 38%·IFRA 8%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
38 of 52 positions (61.8% of the fund) are not held by IFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | IFRA |
|---|---|---|
| Industrials | 91.9% | 35.2% |
| Utilities | 0.0% | 41.4% |
| Materials | 0.0% | 13.6% |
| Energy | 0.0% | 8.5% |
| Financials | 8.0% | 0.0% |
| Other Sectors | 0.0% | 0.3% |
| Unclassified | 0.0% | 0.9% |
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 IFRA).
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% |
| IFRA | -1.1% | +17.1% | +22.3% | +17.8% | +13.3% | — | 1.59% |
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 IFRA →
Shared Holdings(14)
The top 10 shared positions account for 89% of the overlap, led by FIX, EME and MTZ.
 FIXComfort Systems USA Inc. COM | 4.18% | 2.01% | 2.01% |
|---|---|---|---|
 EMEEmcor Group Inc COM | 3.54% | 1.36% | 1.36% |
 MTZMastec, Inc. COM | 4.65% | 0.81% | 0.81% |
 STRLSterling Infrastructure Inc COM | 3.96% | 0.51% | 0.51% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.42% | 0.42% |
 IESCIES Holdings Inc. COM | 1.83% | 0.39% | 0.39% |
 OSKOshkosh Corporation COM | 1.94% | 0.38% | 0.38% |
 OCOwens Corning COM | 2.77% | 0.36% | 0.36% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.32% | 0.32% |
 AGXArgan Inc COM | 4.89% | 0.30% | 0.30% |
 ECGEverus Construction Group Inc. COM | 1.56% | 0.25% | 0.25% |
 ROADConstruction Partners, Inc., Class A | 1.27% | 0.22% | 0.22% |
 GVAGranite Construction Inc COM | 1.86% | 0.22% | 0.22% |
 TPCTutor Perini Corporation COM | 0.81% | 0.15% | 0.15% |
Frequently Asked Questions
How much do AIRR and IFRA overlap?
AIRR and IFRA overlap by 7.7% of portfolio weight. They share 14 holdings (AIRR holds 52 positions and IFRA holds 162), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and IFRA?
The two portfolios are 7.7% 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 IFRA?
The largest positions held by both funds are FIX, EME, MTZ, STRL and WMS. Together the top 10 shared positions account for 89% of the total overlap.
What does AIRR own that IFRA doesn't?
38 positions (61.8% of AIRR) are unique to AIRR, led by SAIA, BWXT and SPXC. In the other direction, 148 positions (92.1% of IFRA) are unique to IFRA.