First Trust RBA American Industrial… (AIRR) Performance
AIRR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.7% since Dec 31, 2025
- 1 year
- −1.4% total return
- 5 years
- +17.4% a year
- 10 years
- +17.3% a year
- Since first price
- +13.6% a year since 2014
AIRR trailing returns vs SPY, QQQ, AGG
| Period | AIRR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.2% | −9.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −23.0% | −23.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −23.8% | −23.8% | +7.8% | +8.4% | −1.5% |
| YTD | −2.7% | −2.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −1.4% | −1.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +102.3%+26.5%/yr | +101.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +123.1%+17.4%/yr | +121.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +393.2%+17.3%/yr | +383.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMar 11, 2014 | +399.8%+13.6%/yr | +385.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AIRR vs SPY
From Mar 11, 2014: AIRR grew to $49,976, SPY to $50,225.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AIRR returns by calendar year
8 of 11 full years positive. Best 2016 (+43.4%), worst 2018 (−20.6%). 2026 is year to date.
AIRR annual returns table
| Year | AIRR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.7% | −28.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +27.9% | −26.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +33.4% | −10.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +31.4% | −15.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −2.1% | −21.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +33.0% | −11.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +17.2% | −42.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +34.0% | −9.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −20.6% | −28.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +16.3% | −9.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +43.4% | −12.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −9.5% | −22.7% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AIRR largest drawdowns
Now 28.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 13, 2020 | −42.4% | Mar 23, 2020 | Nov 9, 2020 | 39 days | 9 months |
| Apr 2, 2014 | −28.4% | Feb 11, 2016 | Aug 23, 2016 | 1.9 years | 2.4 years |
| Jun 30, 2026 | −28.2% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
| Sep 21, 2018 | −28.1% | Dec 24, 2018 | Nov 1, 2019 | 3 months | 1.1 years |
| Nov 25, 2024 | −28.0% | Apr 8, 2025 | Jul 24, 2025 | 4 months | 8 months |
| Nov 16, 2021 | −24.1% | Jun 16, 2022 | Jan 13, 2023 | 7 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AIRR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +26.3% | +20.5% | +17.8% | +14.5% |
| Volatility (annualized) | 26.6% | 26.6% | 25.0% | 24.3% |
| Sharpe ratio | 0.85 | 0.70 | 0.69 | 0.61 |
| Sortino ratio | 1.52 | 1.25 | 1.14 | 0.99 |
| Best month | +14.7% | +17.5% | +18.1% | +18.1% |
| Worst month | −12.2% | −12.2% | −21.5% | −21.5% |
| Best 12 months | +82.5% | +82.5% | +103.3% | +103.3% |
| Worst 12 months | +1.6% | −6.7% | −20.6% | −20.6% |
| Positive months | 58% | 60% | 65% | 63% |
| Beta vs S&P 500 | 1.46 | 1.28 | 1.29 | — |
| Correlation with S&P 500 | 0.68 | 0.75 | 0.79 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AIRR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 140 | −20.6% | +15.9% | +103.3% | 73% |
| 3-year (a year) | 116 | −5.5% | +17.6% | +40.4% | 97% |
| 5-year (a year) | 92 | +1.3% | +15.4% | +30.6% | 100% |
| 10-year (a year) | 32 | +13.0% | +17.3% | +22.5% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
AIRR performance overview
First Trust RBA American Industrial… (AIRR) returned −1.4% over the past year and +17.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +13.6% a year, turning $10,000 into about $49,976. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −42.4%, from Feb 13, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. AIRR finished 8 of its 11 full calendar years with a gain; the best year was 2016 (+43.4%) and the worst 2018 (−20.6%). Volatility has been 24.3% a year.
Related: AIRR chart, AIRR holdings, AIRR dividends, AIRR valuation. See the AIRR overview for the latest quote and fund facts.
AIRR performance FAQ
What is the AIRR return over the past year?
AIRR returned −1.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.4%.
What is the average annual return of AIRR?
AIRR has returned +17.4% a year over 5 years, +17.3% a year over 10 years, +13.6% a year since March 11, 2014 (total return, distributions reinvested).
How much would $10,000 invested in AIRR be worth?
$10,000 invested in AIRR at its first recorded close on March 11, 2014 would be worth about $49,976 on October 23, 2026 with distributions reinvested.
What was the worst year for AIRR?
The worst calendar year was 2018, with a total return of −20.6%. The best was 2016 at +43.4%.
What is the biggest drawdown of AIRR?
The largest peak-to-trough decline was −42.4% between February 13, 2020 and March 23, 2020. It recovered to the old high on November 9, 2020, 8 months after the bottom.
How volatile is AIRR?
Over the past 3 years AIRR had an annualized volatility of 26.6% and a Sharpe ratio of 0.85 (excess return over 1–3 month T-bills per unit of risk).