XAR vs AIRR: Holdings Overlap
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
AIRRFirst Trust RBA American Industrial Renaissance ETF
First Trust · 52 holdings · $10.7B · as of 2026-03-31
Holdings snapshots are 128 days apart (XAR: 2026-08-06, 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 XAR and AIRR?
State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47 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 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
- 6XAR holds 47 · AIRR holds 52
- Weight in Shared Holdings
- XAR 15%·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 XAR
41 of 47 positions (84.8% of the fund) are not held by AIRR. Showing the top 30 by weight.
Sector Breakdown
| Sector | XAR | AIRR |
|---|---|---|
| Industrials | 98.4% | 91.9% |
| Financials | 0.0% | 8.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 1.6% | 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 (2% of XAR, 0% of AIRR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
| 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 XAR vs AIRR →
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 | 2.88% | 3.01% | 2.88% |
|---|---|---|---|
 BWXTBWX Technologies Inc. COM | 2.36% | 3.13% | 2.36% |
 KRMNKarman Holdings Inc. COMMON STOCK | 3.11% | 2.31% | 2.31% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 2.71% | 1.91% | 1.91% |
 MRCYMercury Systems Inc COM | 2.01% | 0.83% | 0.83% |
 DRSLeonardo DRS Inc COM | 2.11% | 0.77% | 0.77% |
Frequently Asked Questions
How much do XAR and AIRR overlap?
XAR and AIRR overlap by 11.1% of portfolio weight. They share 6 holdings (XAR holds 47 positions and AIRR holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XAR and AIRR?
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 XAR and AIRR?
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 XAR own that AIRR doesn't?
41 positions (84.8% of XAR) are unique to XAR, led by VSEC, RTX and ATI. In the other direction, 46 positions (87.9% of AIRR) are unique to AIRR.