AIRR vs XAR: Holdings Overlap
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (AIRR: 2026-03-31, XAR: 2026-08-06). 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 XAR?
First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52 positions; State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47. They have 6 holdings in common, and by portfolio weight the two funds are 11.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6AIRR holds 52 · XAR holds 47
- Weight in Shared Holdings
- AIRR 12%·XAR 15%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
46 of 52 positions (87.9% of the fund) are not held by XAR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AIRR | XAR |
|---|---|---|
| Industrials | 91.9% | 98.4% |
| Financials | 8.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 1.6% |
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, 2% of XAR).
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% |
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
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 XAR →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by HII, BWXT and KRMN.
 HIIHuntington Ingalls Industries, Inc. COM | 3.01% | 2.88% | 2.88% |
|---|---|---|---|
 BWXTBWX Technologies Inc. COM | 3.13% | 2.36% | 2.36% |
 KRMNKarman Holdings Inc. COMMON STOCK | 2.31% | 3.11% | 2.31% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.91% | 2.71% | 1.91% |
 MRCYMercury Systems Inc COM | 0.83% | 2.01% | 0.83% |
 DRSLeonardo DRS Inc COM | 0.77% | 2.11% | 0.77% |
Frequently Asked Questions
How much do AIRR and XAR overlap?
AIRR and XAR overlap by 11.1% of portfolio weight. They share 6 holdings (AIRR holds 52 positions and XAR holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AIRR and XAR?
The two portfolios are 11.1% 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 XAR?
The largest positions held by both funds are HII, BWXT, KRMN, KTOS and MRCY. Together the top 6 shared positions account for 100% of the total overlap.
What does AIRR own that XAR doesn't?
46 positions (87.9% of AIRR) are unique to AIRR, led by AGX, MTZ and FIX. In the other direction, 41 positions (84.8% of XAR) are unique to XAR.