AIRR vs VTWO: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (AIRR: 2026-03-31, VTWO: 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 VTWO?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 27 holdings in common, and by portfolio weight the two funds are 5.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27AIRR holds 52 · VTWO holds 1952
- Weight in Shared Holdings
- AIRR 42%·VTWO 5%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
25 of 52 positions (57.9% of the fund) are not held by VTWO.
Only in VTWO
1925 of 1952 positions (94.4% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | VTWO |
|---|---|---|
| Industrials | 91.9% | 19.4% |
| Information Technology | 0.0% | 17.8% |
| Health Care | 0.0% | 15.5% |
| Financials | 8.0% | 14.3% |
| Consumer Discretionary | 0.0% | 7.3% |
| Other Sectors | 0.0% | 20.8% |
| Unclassified | 0.0% | 4.8% |
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, 5% of VTWO).
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% |
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
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 VTWO →
Shared Holdings(27)
The top 10 shared positions account for 60% of the overlap, led by STRL, DY and KTOS.
 STRLSterling Infrastructure Inc COM | 3.96% | 0.75% | 0.75% |
|---|---|---|---|
 DYDycom Industries, Inc. COM | 3.07% | 0.44% | 0.44% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.91% | 0.34% | 0.34% |
 SPXCSPX Technologies, Inc. COM | 3.13% | 0.31% | 0.31% |
 AGXArgan Inc COM | 4.89% | 0.26% | 0.26% |
 ONBOld National Bancorp COM | 1.57% | 0.25% | 0.25% |
 POWLPowell Industries Inc. COM | 1.83% | 0.24% | 0.24% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.90% | 0.21% | 0.21% |
 PRIMPrimoris Services Corp. COM | 3.34% | 0.20% | 0.20% |
 FSSFederal Signal Corp. COM | 1.37% | 0.19% | 0.19% |
 ACAArcosa Inc COM | 0.56% | 0.18% | 0.18% |
 IESCIES Holdings Inc. COM | 1.83% | 0.18% | 0.18% |
 MRCYMercury Systems Inc COM | 0.83% | 0.18% | 0.18% |
 GVAGranite Construction Inc COM | 1.86% | 0.18% | 0.18% |
 ROADConstruction Partners, Inc., Class A | 1.27% | 0.16% | 0.16% |
 ASBAssociated Banc-Corp COM | 1.36% | 0.14% | 0.14% |
 CSWCSW Industrials Inc. COM | 1.06% | 0.13% | 0.13% |
 HRIHerc Holdings Inc COM | 1.01% | 0.13% | 0.13% |
 XMTRXometry Inc CLASS A COM | 0.67% | 0.12% | 0.12% |
 FULTFulton Financial Corporation COM | 0.96% | 0.12% | 0.12% |
 MWAMueller Water Products, Inc. COM SER A | 0.91% | 0.12% | 0.12% |
 FFBCFirst Financial Bancorp. COM | 0.55% | 0.09% | 0.09% |
 TPCTutor Perini Corporation COM | 0.81% | 0.09% | 0.09% |
 ATKRAtkore Inc COM | 0.59% | 0.08% | 0.08% |
 WERNWerner Enterprises Inc. COM | 0.63% | 0.07% | 0.07% |
Frequently Asked Questions
How much do AIRR and VTWO overlap?
AIRR and VTWO overlap by 5.3% of portfolio weight. They share 27 holdings (AIRR holds 52 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and VTWO?
The two portfolios are 5.3% 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 VTWO?
The largest positions held by both funds are STRL, DY, KTOS, SPXC and AGX. Together the top 10 shared positions account for 60% of the total overlap.
What does AIRR own that VTWO doesn't?
25 positions (57.9% of AIRR) are unique to AIRR, led by MTZ, FIX and EME. In the other direction, 1925 positions (94.4% of VTWO) are unique to VTWO.