AIRR vs VIS: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
VISVanguard Industrials Index Fund
Vanguard · 381 holdings · $8.5B · as of 2026-05-31
Holdings snapshots are 61 days apart (AIRR: 2026-03-31, VIS: 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 VIS?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Vanguard Industrials Index Fund (VIS, by Vanguard) holds 381. They have 46 holdings in common, and by portfolio weight the two funds are 6.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 46AIRR holds 52 · VIS holds 381
- Weight in Shared Holdings
- AIRR 92%·VIS 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
6 of 52 positions (8.0% of the fund) are not held by VIS.
Sector Breakdown
| Sector | AIRR | VIS |
|---|---|---|
| Industrials | 91.9% | 99.3% |
| Financials | 8.0% | 0.0% |
| Information Technology | 0.0% | 0.3% |
| Other Sectors | 0.0% | 0.0% |
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% |
| VIS | +1.5% | +20.1% | +25.2% | +20.8% | +14.0% | +14.1% | 0.87% |
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 VIS →
Shared Holdings(46)
The top 10 shared positions account for 51% of the overlap, led by FIX, EME and STRL.
 FIXComfort Systems USA Inc. COM | 4.18% | 0.91% | 0.91% |
|---|---|---|---|
 EMEEmcor Group Inc COM | 3.54% | 0.52% | 0.52% |
 STRLSterling Infrastructure Inc COM | 3.96% | 0.37% | 0.37% |
 MTZMastec, Inc. COM | 4.65% | 0.34% | 0.34% |
 CHRWC.H. Robinson Worldwide Inc COM NEW | 3.05% | 0.30% | 0.30% |
 BWXTBWX Technologies Inc. COM | 3.13% | 0.25% | 0.25% |
 RBCRBC Bearings Incorporated | 2.32% | 0.24% | 0.24% |
 DYDycom Industries, Inc. COM | 3.07% | 0.22% | 0.22% |
 CLHClean Harbors, Inc. COM | 2.46% | 0.20% | 0.20% |
 SAIASaia Inc COM | 3.17% | 0.18% | 0.18% |
 HIIHuntington Ingalls Industries, Inc. COM | 3.01% | 0.17% | 0.17% |
 AITApplied Industrial Technologies Inc. COM | 1.83% | 0.16% | 0.16% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.91% | 0.15% | 0.15% |
 SPXCSPX Technologies, Inc. COM | 3.13% | 0.15% | 0.15% |
 OCOwens Corning COM | 2.77% | 0.15% | 0.15% |
 WMSAdvanced Drainage System Inc COM | 1.53% | 0.15% | 0.15% |
 RRyder System, Inc. COM | 1.97% | 0.14% | 0.14% |
 AAONAaon Inc COM PAR $0.004 | 1.96% | 0.14% | 0.14% |
 CNMCore & Main, Inc., Class A | 2.80% | 0.13% | 0.13% |
 AGXArgan Inc COM | 4.89% | 0.13% | 0.13% |
 POWLPowell Industries Inc. COM | 1.83% | 0.12% | 0.12% |
 OSKOshkosh Corporation COM | 1.94% | 0.12% | 0.12% |
 KEXKirby Corporation | 1.90% | 0.11% | 0.11% |
 ECGEverus Construction Group Inc. COM | 1.56% | 0.10% | 0.10% |
 LSTRLandstar System Inc. COM | 1.60% | 0.10% | 0.10% |
Frequently Asked Questions
How much do AIRR and VIS overlap?
AIRR and VIS overlap by 6.9% of portfolio weight. They share 46 holdings (AIRR holds 52 positions and VIS holds 381), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and VIS?
The two portfolios are 6.9% 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 VIS?
The largest positions held by both funds are FIX, EME, STRL, MTZ and CHRW. Together the top 10 shared positions account for 51% of the total overlap.
What does AIRR own that VIS doesn't?
6 positions (8.0% of AIRR) are unique to AIRR, led by FNB, WTFC and ONB. In the other direction, 335 positions (92.7% of VIS) are unique to VIS.