AIRR vs MDYV: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
MDYVState Street® SPDR® S&P 400™ Mid Cap Value ETF
State Street (SPDR) · 297 holdings · $2.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (AIRR: 2026-03-31, MDYV: 2026-08-06). 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 MDYV?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; State Street® SPDR® S&P 400™ Mid Cap Value ETF (MDYV, by State Street (SPDR)) holds 297. They have 15 holdings in common, and by portfolio weight the two funds are 6.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15AIRR holds 52 · MDYV holds 297
- Weight in Shared Holdings
- AIRR 30%·MDYV 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
37 of 52 positions (70.1% of the fund) are not held by MDYV. Showing the top 30 by weight.
Only in MDYV
282 of 297 positions (93.9% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | MDYV |
|---|---|---|
| Industrials | 91.9% | 18.7% |
| Financials | 8.0% | 23.4% |
| Consumer Discretionary | 0.0% | 12.5% |
| Information Technology | 0.0% | 8.3% |
| Real Estate | 0.0% | 8.2% |
| Other Sectors | 0.0% | 28.8% |
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.
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% |
| MDYV | +3.1% | +15.2% | +23.9% | +12.9% | +9.2% | +10.6% | 1.64% |
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 MDYV →
Shared Holdings(15)
The top 10 shared positions account for 79% of the overlap, led by OC, WTFC and R.
 OCOwens Corning COM | 2.77% | 0.69% | 0.69% |
|---|---|---|---|
 WTFCWintrust Financial Corporation COM | 1.69% | 0.61% | 0.61% |
 RRyder System, Inc. COM | 1.97% | 0.58% | 0.58% |
 SAIASaia Inc COM | 3.17% | 0.55% | 0.55% |
 ONBOld National Bancorp COM | 1.57% | 0.52% | 0.52% |
 CLHClean Harbors, Inc. COM | 2.46% | 0.42% | 0.42% |
 FNBF N B Corp (Pennsylvania) COM | 1.88% | 0.38% | 0.38% |
 LSTRLandstar System Inc. COM | 1.60% | 0.34% | 0.34% |
 AITApplied Industrial Technologies Inc. COM | 1.83% | 0.34% | 0.34% |
 OSKOshkosh Corporation COM | 1.94% | 0.29% | 0.29% |
 ASBAssociated Banc-Corp COM | 1.36% | 0.29% | 0.29% |
 CNMCore & Main, Inc., Class A | 2.80% | 0.27% | 0.27% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.27% | 0.27% |
 KEXKirby Corporation | 1.90% | 0.22% | 0.22% |
 MSMMSC Industrial Direct Co., Inc., Class A | 1.30% | 0.19% | 0.19% |
Frequently Asked Questions
How much do AIRR and MDYV overlap?
AIRR and MDYV overlap by 6.0% of portfolio weight. They share 15 holdings (AIRR holds 52 positions and MDYV holds 297), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and MDYV?
The two portfolios are 6.0% 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 MDYV?
The largest positions held by both funds are OC, WTFC, R, SAIA and ONB. Together the top 10 shared positions account for 79% of the total overlap.
What does AIRR own that MDYV doesn't?
37 positions (70.1% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 282 positions (93.9% of MDYV) are unique to MDYV.