AIRR vs IWP: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
IWPiShares Russell Mid-Cap Growth ETF
iShares · 277 holdings · $20.5B · as of 2026-03-31
How similar are AIRR and IWP?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; iShares Russell Mid-Cap Growth ETF (IWP, by iShares) holds 277. They have 9 holdings in common, and by portfolio weight the two funds are 3.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9AIRR holds 52 · IWP holds 277
- Weight in Shared Holdings
- AIRR 26%·IWP 3%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
43 of 52 positions (74.2% of the fund) are not held by IWP. Showing the top 30 by weight.
Only in IWP
268 of 277 positions (96.8% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | IWP |
|---|---|---|
| Industrials | 91.9% | 24.4% |
| Consumer Discretionary | 0.0% | 21.2% |
| Information Technology | 0.0% | 15.6% |
| Health Care | 0.0% | 14.9% |
| Financials | 8.0% | 8.5% |
| Other Sectors | 0.0% | 15.3% |
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% |
| IWP | +1.5% | +5.4% | +3.1% | +14.6% | +5.1% | +12.1% | 0.34% |
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 IWP →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by FIX, EME and AAON.
 FIXComfort Systems USA Inc. COM | 4.18% | 1.73% | 1.73% |
|---|---|---|---|
 EMEEmcor Group Inc COM | 3.54% | 0.41% | 0.41% |
 AAONAaon Inc COM PAR $0.004 | 1.96% | 0.20% | 0.20% |
 CNMCore & Main, Inc., Class A | 2.80% | 0.20% | 0.20% |
 MTZMastec, Inc. COM | 4.65% | 0.15% | 0.15% |
 KRMNKarman Holdings Inc. COMMON STOCK | 2.31% | 0.15% | 0.15% |
 RBCRBC Bearings Inc COM | 2.32% | 0.12% | 0.12% |
 BWXTBWX Technologies Inc. COM | 3.13% | 0.12% | 0.12% |
 DRSLeonardo DRS Inc COM | 0.77% | 0.05% | 0.05% |
Frequently Asked Questions
How much do AIRR and IWP overlap?
AIRR and IWP overlap by 3.1% of portfolio weight. They share 9 holdings (AIRR holds 52 positions and IWP holds 277), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and IWP?
The two portfolios are 3.1% 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 IWP?
The largest positions held by both funds are FIX, EME, AAON, CNM and MTZ. Together the top 9 shared positions account for 100% of the total overlap.
What does AIRR own that IWP doesn't?
43 positions (74.2% of AIRR) are unique to AIRR, led by AGX, STRL and PRIM. In the other direction, 268 positions (96.8% of IWP) are unique to IWP.