AIRR vs SLYG: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
SLYGState Street® SPDR® S&P 600™ Small Cap Growth ETF
State Street (SPDR) · 349 holdings · $5.3B · as of 2026-08-06
Holdings snapshots are 128 days apart (AIRR: 2026-03-31, SLYG: 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 SLYG?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; State Street® SPDR® S&P 600™ Small Cap Growth ETF (SLYG, by State Street (SPDR)) holds 349. They have 14 holdings in common, and by portfolio weight the two funds are 8.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14AIRR holds 52 · SLYG holds 349
- Weight in Shared Holdings
- AIRR 24%·SLYG 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 (76.4% of the fund) are not held by SLYG. Showing the top 30 by weight.
Only in SLYG
335 of 349 positions (91.3% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | SLYG |
|---|---|---|
| Industrials | 91.9% | 21.9% |
| Financials | 8.0% | 15.7% |
| Health Care | 0.0% | 15.0% |
| Information Technology | 0.0% | 13.8% |
| Consumer Discretionary | 0.0% | 12.0% |
| Other Sectors | 0.0% | 20.6% |
| 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 SLYG).
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% |
| SLYG | +1.2% | +25.9% | +33.5% | +15.2% | +6.7% | +11.2% | 0.64% |
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 SLYG →
Shared Holdings(14)
The top 10 shared positions account for 82% of the overlap, led by AGX, FSS and ZWS.
 AGXArgan Inc COM | 4.89% | 0.92% | 0.92% |
|---|---|---|---|
 FSSFederal Signal Corp. COM | 1.37% | 0.87% | 0.87% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.90% | 0.86% | 0.86% |
 ECGEverus Construction Group Inc. COM | 1.56% | 0.80% | 0.80% |
 POWLPowell Industries Inc. COM | 1.83% | 0.66% | 0.66% |
 MRCYMercury Systems Inc COM | 0.83% | 0.64% | 0.64% |
 GVAGranite Construction Inc COM | 1.86% | 0.59% | 0.59% |
 KRMNKarman Holdings Inc. COMMON STOCK | 2.31% | 0.56% | 0.56% |
 ROADConstruction Partners, Inc., Class A | 1.27% | 0.54% | 0.54% |
 ACAArcosa Inc COM | 0.56% | 0.50% | 0.50% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.49% | 0.49% |
 CSWCSW Industrials Inc. COM | 1.06% | 0.37% | 0.37% |
 TPCTutor Perini Corporation COM | 0.81% | 0.31% | 0.31% |
 MWAMueller Water Products, Inc. COM SER A | 0.91% | 0.31% | 0.31% |
Frequently Asked Questions
How much do AIRR and SLYG overlap?
AIRR and SLYG overlap by 8.4% of portfolio weight. They share 14 holdings (AIRR holds 52 positions and SLYG holds 349), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and SLYG?
The two portfolios are 8.4% 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 SLYG?
The largest positions held by both funds are AGX, FSS, ZWS, ECG and POWL. Together the top 10 shared positions account for 82% of the total overlap.
What does AIRR own that SLYG doesn't?
38 positions (76.4% of AIRR) are unique to AIRR, led by MTZ, FIX and STRL. In the other direction, 335 positions (91.3% of SLYG) are unique to SLYG.