AIRR vs VBK: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
VBKVanguard Small-cap Growth Index Fund
Vanguard · 551 holdings · $24.3B · as of 2026-03-31
How similar are AIRR and VBK?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Vanguard Small-cap Growth Index Fund (VBK, by Vanguard) holds 551. They have 31 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
- 31AIRR holds 52 · VBK holds 551
- Weight in Shared Holdings
- AIRR 68%·VBK 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
21 of 52 positions (31.9% of the fund) are not held by VBK.
Sector Breakdown
| Sector | AIRR | VBK |
|---|---|---|
| Industrials | 91.9% | 24.6% |
| Information Technology | 0.0% | 21.6% |
| Health Care | 0.0% | 16.1% |
| Consumer Discretionary | 0.0% | 9.9% |
| Financials | 8.0% | 6.1% |
| 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 VBK).
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% |
| VBK | +1.8% | +19.6% | +29.4% | +16.6% | +5.3% | +11.4% | 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 VBK →
Shared Holdings(31)
The top 10 shared positions account for 62% of the overlap, led by FIX, MTZ and BWXT.
 FIXComfort Systems USA Inc. COM | 4.18% | 0.81% | 0.81% |
|---|---|---|---|
 MTZMastec, Inc. COM | 4.65% | 0.68% | 0.68% |
 BWXTBWX Technologies Inc. COM | 3.13% | 0.62% | 0.62% |
 RBCRBC Bearings Incorporated | 2.32% | 0.57% | 0.57% |
 EMEEmcor Group Inc COM | 3.54% | 0.55% | 0.55% |
 CLHClean Harbors, Inc. COM | 2.46% | 0.46% | 0.46% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.91% | 0.43% | 0.43% |
 STRLSterling Infrastructure Inc COM | 3.96% | 0.40% | 0.40% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.36% | 0.36% |
 SPXCSPX Technologies, Inc. COM | 3.13% | 0.33% | 0.33% |
 DYDycom Industries, Inc. COM | 3.07% | 0.32% | 0.32% |
 SAIASaia Inc COM | 3.17% | 0.31% | 0.31% |
 CNMCore & Main, Inc., Class A | 2.80% | 0.31% | 0.31% |
 FSSFederal Signal Corp. COM | 1.37% | 0.22% | 0.22% |
 AAONAaon Inc COM PAR $0.004 | 1.96% | 0.19% | 0.19% |
 AITApplied Industrial Technologies Inc. COM | 1.83% | 0.16% | 0.16% |
 ROADConstruction Partners, Inc., Class A | 1.27% | 0.16% | 0.16% |
 KRMNKarman Holdings Inc. COMMON STOCK | 2.31% | 0.15% | 0.15% |
 MWAMueller Water Products, Inc. COM SER A | 0.91% | 0.14% | 0.14% |
 CSWCSW Industrials Inc. COM | 1.06% | 0.14% | 0.14% |
 IESCIES Holdings Inc. COM | 1.83% | 0.14% | 0.14% |
 MRCYMercury Systems Inc COM | 0.83% | 0.13% | 0.13% |
 AGXArgan Inc COM | 4.89% | 0.12% | 0.12% |
 DRSLeonardo DRS Inc COM | 0.77% | 0.12% | 0.12% |
 HRIHerc Holdings Inc COM | 1.01% | 0.11% | 0.11% |
Frequently Asked Questions
How much do AIRR and VBK overlap?
AIRR and VBK overlap by 8.4% of portfolio weight. They share 31 holdings (AIRR holds 52 positions and VBK holds 551), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and VBK?
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 VBK?
The largest positions held by both funds are FIX, MTZ, BWXT, RBC and EME. Together the top 10 shared positions account for 62% of the total overlap.
What does AIRR own that VBK doesn't?
21 positions (31.9% of AIRR) are unique to AIRR, led by PRIM, CHRW and HII. In the other direction, 520 positions (91.3% of VBK) are unique to VBK.