AIRR vs SHLD: holdings overlap, shared companies and scores
As of October 9, 2026, AIRR and SHLD overlap 6.3% by weight. First Trust RBA American Industrial RenaissanceTM ETF (AIRR): U.S. industrial and banking stocks. Global X Defense Tech ETF (SHLD): Global defense technology companies.
Updated October 9, 2026
Where AIRR and SHLD trade against their own history
AIRR trades at 26.1 times earnings, against its own median of 17.9, and is more expensive than 88% of its own last 9 years.
SHLD trades at 27.4 times earnings, against its own median of 29.7, and is cheaper than 82% of its own last 3 years.
What moved AIRR and SHLD this week
AIRR fell 2.4% in the week to October 9, 2026. The holdings that moved it most were IES (−12.3%), C.H. Robinson Worldwide (−9.8%) and Herc (−10.8%); BWX Technologies (+6.7%) pushed the other way.
SHLD fell 0.6% in the week to October 9, 2026. The holdings that moved it most were Hanwha Aerospace (−16.6%), Elbit Systems (−5.8%) and LIG NEX1 (−18.8%); Palantir Technologies (+10.8%) pushed the other way.
What do AIRR and SHLD each hold?
What's inside AIRR: Tech 3%.
31% of AIRR is its ten largest holdings.
What's inside SHLD: Tech 17%, AI 13%.
65% of SHLD is its ten largest holdings.
How much do AIRR and SHLD overlap? 6.3% by weight
As of October 9, 2026, AIRR and SHLD overlap 6.3% by weight.
12% of AIRR is already inside SHLD.
6% of SHLD is already inside AIRR.
AIRR holds 57 companies and SHLD holds 50; 5 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score AIRR and SHLD? 4.7 and 4.9 out of 10
As of October 9, 2026, ETF Copilot scores AIRR 4.7 out of 10 and SHLD 4.9 out of 10.
They differ most on Value: AIRR 0.9 and SHLD 7.4.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | AIRR | SHLD |
|---|---|---|
| Growth | 7.2 | 4.6 |
| Value | 0.9 | 7.4 |
| Risk | 2.0 | 2.8 |
| Quality | 1.4 | 2.7 |
| Return | 8.6 | 6.3 |
SHLD is the cheaper of the two at 0.50% a year
As of October 9, 2026, AIRR charges 0.69% a year, yields 0.07% and holds $9.0B in assets across 57 positions.
As of October 9, 2026, SHLD charges 0.50% a year, yields 0.72% and holds $6.3B in assets across 50 positions.
| Measure | AIRR | SHLD |
|---|---|---|
| Expense ratio | 0.69% | 0.50% |
| Dividend yield | 0.07% | 0.72% |
| Assets under management | $9.0B | $6.3B |
| Holdings | 57 | 50 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “AIRR vs SHLD holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/airr-vs-shld
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