ITA vs AIRR: Holdings Overlap
ITAiShares U.S. Aerospace & Defense ETF
iShares · 44 holdings · $14.8B · as of 2026-03-31
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
How similar are ITA and AIRR?
iShares U.S. Aerospace & Defense ETF (ITA, by iShares) holds 44 positions; First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52. They have 6 holdings in common, and by portfolio weight the two funds are 5.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6ITA holds 44 · AIRR holds 52
- Weight in Shared Holdings
- ITA 5%·AIRR 12%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 ITA
38 of 44 positions (94.9% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | ITA | AIRR |
|---|---|---|
| Industrials | 99.8% | 91.9% |
| Financials | 0.0% | 8.0% |
| Consumer Discretionary | 0.1% | 0.0% |
| 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 |
|---|---|---|---|---|---|---|---|
| ITA | +2.3% | +16.9% | +28.0% | +29.8% | +19.2% | +15.5% | 0.42% |
| AIRR | +0.6% | +25.7% | +39.9% | +32.0% | +24.5% | +20.5% | 0.09% |
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 ITA vs AIRR →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by BWXT, HII and KTOS.
 BWXTBWX Technologies Inc. COM | 1.58% | 3.13% | 1.58% |
|---|---|---|---|
 HIIHuntington Ingalls Industries, Inc. COM | 1.26% | 3.01% | 1.26% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 1.10% | 1.91% | 1.10% |
 KRMNKarman Holdings Inc. COMMON STOCK | 0.52% | 2.31% | 0.52% |
 MRCYMercury Systems Inc COM | 0.32% | 0.83% | 0.32% |
 DRSLeonardo DRS Inc COM | 0.29% | 0.77% | 0.29% |
Frequently Asked Questions
How much do ITA and AIRR overlap?
ITA and AIRR overlap by 5.1% of portfolio weight. They share 6 holdings (ITA holds 44 positions and AIRR holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ITA and AIRR?
The two portfolios are 5.1% 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 ITA and AIRR?
The largest positions held by both funds are BWXT, HII, KTOS, KRMN and MRCY. Together the top 6 shared positions account for 100% of the total overlap.
What does ITA own that AIRR doesn't?
38 positions (94.9% of ITA) are unique to ITA, led by GE, RTX and BA. In the other direction, 46 positions (87.9% of AIRR) are unique to AIRR.