AIRR vs VIOV: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
VIOVVanguard S&P Small-cap 600 Value Index Fund
Vanguard · 460 holdings · $1.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (AIRR: 2026-03-31, VIOV: 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 VIOV?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Vanguard S&P Small-cap 600 Value Index Fund (VIOV, by Vanguard) holds 460. They have 8 holdings in common, and by portfolio weight the two funds are 2.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8AIRR holds 52 · VIOV holds 460
- Weight in Shared Holdings
- AIRR 6%·VIOV 2%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
44 of 52 positions (94.1% of the fund) are not held by VIOV. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | VIOV |
|---|---|---|
| Industrials | 91.9% | 12.6% |
| Financials | 8.0% | 21.0% |
| Consumer Discretionary | 0.0% | 14.9% |
| Information Technology | 0.0% | 13.3% |
| Health Care | 0.0% | 7.4% |
| Other Sectors | 0.0% | 30.3% |
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% |
| VIOV | +3.7% | +23.2% | +39.7% | +13.8% | +8.4% | +10.4% | 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 VIOV →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by FULT, FFBC and WERN.
 FULTFulton Financial Corporation COM | 0.96% | 0.48% | 0.48% |
|---|---|---|---|
 FFBCFirst Financial Bancorp. COM | 0.55% | 0.37% | 0.37% |
 WERNWerner Enterprises Inc. COM | 0.63% | 0.29% | 0.29% |
 DNOWDNOW Inc. COM | 0.55% | 0.28% | 0.28% |
 ACAArcosa Inc COM | 0.56% | 0.26% | 0.26% |
 CSWCSW Industrials Inc. COM | 1.06% | 0.22% | 0.22% |
 SNDRSchneider National, Inc., Class B | 0.60% | 0.21% | 0.21% |
 MWAMueller Water Products, Inc. COM SER A | 0.91% | 0.16% | 0.16% |
Frequently Asked Questions
How much do AIRR and VIOV overlap?
AIRR and VIOV overlap by 2.3% of portfolio weight. They share 8 holdings (AIRR holds 52 positions and VIOV holds 460), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and VIOV?
The two portfolios are 2.3% 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 VIOV?
The largest positions held by both funds are FULT, FFBC, WERN, DNOW and ACA. Together the top 8 shared positions account for 100% of the total overlap.
What does AIRR own that VIOV doesn't?
44 positions (94.1% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 452 positions (97.3% of VIOV) are unique to VIOV.