AIRR vs VIOG: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
VIOGVanguard S&P Small-cap 600 Growth Index Fund
Vanguard · 342 holdings · $1.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (AIRR: 2026-03-31, VIOG: 2026-05-31). 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 VIOG?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Vanguard S&P Small-cap 600 Growth Index Fund (VIOG, by Vanguard) holds 342. They have 11 holdings in common, and by portfolio weight the two funds are 7.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11AIRR holds 52 · VIOG holds 342
- Weight in Shared Holdings
- AIRR 19%·VIOG 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
41 of 52 positions (80.8% of the fund) are not held by VIOG. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | VIOG |
|---|---|---|
| Industrials | 91.9% | 21.8% |
| Information Technology | 0.0% | 18.4% |
| Health Care | 0.0% | 14.7% |
| Financials | 8.0% | 14.2% |
| Consumer Discretionary | 0.0% | 10.8% |
| Other Sectors | 0.0% | 19.9% |
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.
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% |
| VIOG | +1.1% | +25.9% | +33.8% | +15.2% | +6.8% | +11.2% | 0.75% |
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 VIOG →
Shared Holdings(11)
The top 10 shared positions account for 96% of the overlap, led by AGX, POWL and ECG.
 AGXArgan Inc COM | 4.89% | 1.10% | 1.10% |
|---|---|---|---|
 POWLPowell Industries Inc. COM | 1.83% | 0.96% | 0.96% |
 ECGEverus Construction Group Inc. COM | 1.56% | 0.90% | 0.90% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.90% | 0.83% | 0.83% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.80% | 0.80% |
 FSSFederal Signal Corp. COM | 1.37% | 0.77% | 0.77% |
 GVAGranite Construction Inc COM | 1.86% | 0.70% | 0.70% |
 MRCYMercury Systems Inc COM | 0.83% | 0.70% | 0.70% |
 ACAArcosa Inc COM | 0.56% | 0.47% | 0.47% |
 CSWCSW Industrials Inc. COM | 1.06% | 0.31% | 0.31% |
 MWAMueller Water Products, Inc. COM SER A | 0.91% | 0.30% | 0.30% |
Frequently Asked Questions
How much do AIRR and VIOG overlap?
AIRR and VIOG overlap by 7.8% of portfolio weight. They share 11 holdings (AIRR holds 52 positions and VIOG holds 342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and VIOG?
The two portfolios are 7.8% 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 VIOG?
The largest positions held by both funds are AGX, POWL, ECG, ZWS and PRIM. Together the top 10 shared positions account for 96% of the total overlap.
What does AIRR own that VIOG doesn't?
41 positions (80.8% of AIRR) are unique to AIRR, led by MTZ, FIX and STRL. In the other direction, 331 positions (91.9% of VIOG) are unique to VIOG.