AIRR vs NLR: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
NLRVanEck Uranium and Nuclear ETF
VanEck · 25 holdings · $4.0B · as of 2026-03-31
How similar are AIRR and NLR?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; VanEck Uranium and Nuclear ETF (NLR, by VanEck) holds 25. They have 1 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
- 1AIRR holds 52 · NLR holds 25
- Weight in Shared Holdings
- AIRR 3%·NLR 7%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
51 of 52 positions (96.8% of the fund) are not held by NLR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | NLR |
|---|---|---|
| Industrials | 91.9% | 14.6% |
| Energy | 0.0% | 43.6% |
| Utilities | 0.0% | 37.9% |
| Financials | 8.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 3.7% |
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, 4% of NLR).
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% |
| NLR | +6.4% | -5.1% | +1.2% | +27.4% | +20.4% | +12.2% | 2.69% |
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 NLR →
Shared Holdings(1)
 BWXTBWX Technologies Inc. COM | 3.13% | 6.66% | 3.13% |
|---|
Frequently Asked Questions
How much do AIRR and NLR overlap?
AIRR and NLR overlap by 3.1% of portfolio weight. They share 1 holdings (AIRR holds 52 positions and NLR holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and NLR?
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 NLR?
The largest positions held by both funds are BWXT. Together the top 1 shared positions account for 100% of the total overlap.
What does AIRR own that NLR doesn't?
51 positions (96.8% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 24 positions (93.1% of NLR) are unique to NLR.