AIRR vs ITA: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
ITAiShares U.S. Aerospace & Defense ETF
iShares · 44 holdings · $14.8B · as of 2026-03-31
How similar are AIRR and ITA?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; iShares U.S. Aerospace & Defense ETF (ITA, by iShares) holds 44. They have 6 holdings in common, and by portfolio weight the two funds are 5.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6AIRR holds 52 · ITA holds 44
- Weight in Shared Holdings
- AIRR 12%·ITA 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
46 of 52 positions (87.9% of the fund) are not held by ITA. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | ITA |
|---|---|---|
| Industrials | 91.9% | 99.8% |
| Financials | 8.0% | 0.0% |
| Consumer Discretionary | 0.0% | 0.1% |
| 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% |
| ITA | +2.3% | +16.9% | +28.0% | +29.8% | +19.2% | +15.5% | 0.42% |
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 ITA →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by BWXT, HII and KTOS.
 BWXTBWX Technologies Inc. COM | 3.13% | 1.58% | 1.58% |
|---|---|---|---|
 HIIHuntington Ingalls Industries, Inc. COM | 3.01% | 1.26% | 1.26% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.91% | 1.10% | 1.10% |
 KRMNKarman Holdings Inc. COMMON STOCK | 2.31% | 0.52% | 0.52% |
 MRCYMercury Systems Inc COM | 0.83% | 0.32% | 0.32% |
 DRSLeonardo DRS Inc COM | 0.77% | 0.29% | 0.29% |
Frequently Asked Questions
How much do AIRR and ITA overlap?
AIRR and ITA overlap by 5.1% of portfolio weight. They share 6 holdings (AIRR holds 52 positions and ITA holds 44), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and ITA?
The two portfolios are 5.1% 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 ITA?
The largest positions held by both funds are BWXT, HII, KTOS, KRMN and MRCY. Together the top 6 shared positions account for 100% of the total overlap.
What does AIRR own that ITA doesn't?
46 positions (87.9% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 38 positions (94.9% of ITA) are unique to ITA.