SHLD vs AIRR: Holdings Overlap
Global X · 48 holdings · $7.6B · as of 2026-05-31
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (SHLD: 2026-05-31, AIRR: 2026-03-31). 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 SHLD and AIRR?
Global X Defense Tech ETF (SHLD, by Global X) holds 48 positions; First Trust RBA American Industrial Renaissance ETF (AIRR, by First Trust) holds 52. They have 5 holdings in common, and by portfolio weight the two funds are 8.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5SHLD holds 48 · AIRR holds 52
- Weight in Shared Holdings
- SHLD 9%·AIRR 11%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 SHLD
43 of 48 positions (90.8% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | SHLD | AIRR |
|---|---|---|
| Industrials | 82.5% | 91.9% |
| Information Technology | 8.0% | 0.0% |
| Financials | 0.0% | 8.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 9.1% | 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. “Unclassified” is weight we could not classify (9% of SHLD, 0% of AIRR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
| 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 SHLD vs AIRR →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by BWXT, HII and KTOS.
 BWXTBWX Technologies Inc. COM | 3.05% | 3.13% | 3.05% |
|---|---|---|---|
 HIIHuntington Ingalls Industries, Inc. COM | 2.04% | 3.01% | 2.04% |
 KTOSKRATOS DEFENSE and SECURITY SOLU COMMON STOCK USD.001 | 1.81% | 1.91% | 1.81% |
 MRCYMercury Systems Inc COM | 1.13% | 0.83% | 0.83% |
 KRMNKarman Holdings Inc. COMMON STOCK | 0.83% | 2.31% | 0.83% |
Frequently Asked Questions
How much do SHLD and AIRR overlap?
SHLD and AIRR overlap by 8.6% of portfolio weight. They share 5 holdings (SHLD holds 48 positions and AIRR holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHLD and AIRR?
The two portfolios are 8.6% 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 SHLD and AIRR?
The largest positions held by both funds are BWXT, HII, KTOS, MRCY and KRMN. Together the top 5 shared positions account for 100% of the total overlap.
What does SHLD own that AIRR doesn't?
43 positions (90.8% of SHLD) are unique to SHLD, led by LMT, RTX and GD. In the other direction, 47 positions (88.7% of AIRR) are unique to AIRR.