Skip to content
etf.net

AIRR vs IGF

First Trust RBA American Industrial RenaissanceTM ETF

AIRRCNasdaq

iShares Global Infrastructure ETF

IGFANasdaq

Overlap

Expense ratio

IGF −0.32pt a year

AIRR0.69%IGF0.37%

Avg volume · 30D

IGF 1.1×the volume

AIRR779KIGF874K

10Y return · a year

AIRR +9.6pt

AIRR+17.8%IGF+8.2%

AIRR vs IGF Performance

Oct 29, 2021 – Oct 30, 2026

+126.7%AIRR+59.9%IGF

Oct 29, 2021 to Oct 30, 2026. AIRR +126.7%. IGF +59.9%. Use the arrow keys to read each point.0%100%200%Oct 2021Apr 2024Oct 2026
Expense ratio
AIRR 0.69%
IGF 0.37%, better
Fund size
AIRR $8.37B
IGF $10.9B
1Y total return
AIRR −1.3%
IGF +11.2%, better
Yield (12M)
AIRR 0.10%
IGF 2.93%, better
Holdings
AIRR 56
IGF 89
Avg volume (30D)
AIRR 779K sh
IGF 874K sh, better
NAV per share
AIRR $98.55
IGF $65.84
52W range

ETF.net Grade

AIRR: Cost 27, Risk 25, Mission 41, Tradability 96, Holdings 76, Durability 87. IGF: Cost 92, Risk 72, Mission 85, Tradability 83, Holdings 72, Durability 92.
Pillar letters and Scores for AIRR, IGF, with each pillar’s weight
PillarAIRRIGF
Cost30% weightD27A92Higher
Mission25% weightC41A85Higher
Risk15% weightD25A72Higher
Tradability15% weightA96HigherA83
Holdings10% weightA76HigherA72
Durability5% weightA87A92Higher

Rank among Infrastructure funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AIRR and IGF are both graded against the same 33 Infrastructure funds, so their Grades compare head to head.

Infrastructure⁠

Category · 33 funds
See all 33 ›

IGF ranks 2nd and AIRR 15th of 33 funds in the Infrastructure Category.

  1. Rank 1AIFRAiShares U.S. Infrastructure ETFScore 86
  2. Rank 2AIGFiShares Global Infrastructure ETFScore 83
  3. Rank 3AGIIState Street SPDR S&P Global Infrastructure ETFScore 78
  4. Rank 14CEVXVanEck Environmental Services ETFScore 52
  5. Rank 15CAIRRFirst Trust RBA American Industrial RenaissanceTM ETFScore 50
  6. Rank 15CBILDNomura Global Listed Infrastructure ETFScore 50

Our read on each fund

ETF.net Research

AIRRCFirst Trust RBA American Industrial RenaissanceTM ETF

IGFAiShares Global Infrastructure ETF

In short

AIRR A 2014 bet on American factories from Richard Bernstein: about 60 small- and mid-cap US industrials plus the community banks that lend to them. Not toll roads and pipelines. Machine shops, truckers, Main Street lenders.

IGF About 80 developed-market infrastructure companies in one ticker, tracked against the S&P Global Infrastructure Index since 2007, for 0.37% a year (well under the category norm).

Stated mandate

AIRR The fund tracks an index of small- and mid-cap U.S. companies focused on industrial activity and community banking. The index emphasizes infrastructure, manufacturing, transportation, and related services.

IGF The Fund seeks to track an index of developed-market equities focused on the infrastructure industry.

Why people hold it

  • AIRR Unusual pairing: manufacturers and transport names sit next to community banks, the lenders that finance small-town factory expansion. Both sides of one idea.ftportfolios.com
  • Running since 2014, well before reshoring hit headlines, on a Richard Bernstein Advisors index that has kept the fund in the same lane.
  • A multi-billion-dollar fund that trades actively, so getting in and out is typically cheap in normal markets. Pays quarterly.
  • Sits in the upper half of its infrastructure peer group, with a portfolio that stays close to what its index describes.
  • IGF Costs 0.37% a year against a cohort median of 0.55%, so the toll on a long hold is smaller than most infrastructure funds charge.
  • The one other fund on the same S&P Global Infrastructure Index, GII, charges 0.40%. Same benchmark, cheaper wrapper here.
  • Trading since December 2007, now a multi-billion-dollar, actively traded fund that has tracked its index closely.
  • Goes global where the biggest peers stay home: IFRA and PAVE are US-only, while this one spans developed markets worldwide.

Worth knowing

  • AIRR At 0.69%, it charges more than the typical fund in its infrastructure group, and more than double index peers like IFRA at 0.30%.
  • Small caps, cyclicals and regional banks all swing with the economy, and a roughly 60-stock lineup means individual names carry real weight.
  • Filed under infrastructure, but it is not pipelines and airports. It can behave very differently from global infrastructure funds like IGF.
  • IGF About 80 holdings in one industry. A concentrated basket, so a bad stretch for utilities or transport operators shows up fast.
  • Distributions arrive once or twice a year, not monthly, and foreign holdings bring currency swings along with the dividends.
  • Developed markets only. The fast-building infrastructure of emerging economies sits outside the mandate.

Full AIRR profile⁠

Full IGF profile⁠

AIRR vs IGF Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AIRR vs IGF Cost

Overpaying AIRR vs IGF

$5,916

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AIRR 0.69%

    $13,429

  • IGF 0.37%

    $7,513

$10,000
30 years

Cost over time

  • AIRR 0.69%
  • IGF 0.37%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530AIRR $13,429IGF $7,513

Year by year

YearAIRRIGFOverpaying
10$1,232$670$562
20$4,697$2,590$2,107
30$13,429$7,513$5,916

Expense ratio

  • 0.69%AIRR
  • 0.37%IGF, cheaper
  • Middle half of Infrastructure funds
  • Median 0.55%

IGF 3rd cheapest of 33 funds

AIRR 24th cheapest of 33 funds

AIRR vs IGF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AIRR 0.10%
IGF 2.93%, better
Payout (12M)
AIRR $0.09
IGF $1.93
Last payment
AIRR $0.07
IGF $0.93
Ex-dividend
AIRR Mar 26, 2026
IGF Jun 15, 2026
Paid on
AIRR Mar 31, 2026
IGF Jun 18, 2026
Frequency
AIRR Quarterly
IGF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

AIRRQuarterly · 27 paymentsAll AIRR payments⁠
One bar per payment. 27 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.02; Sep 21, 2017 $0.03; Dec 21, 2017 $0.03; Mar 22, 2018 $0.0064; Jun 21, 2018 $0.02; Sep 14, 2018 $0.02; Dec 18, 2018 $0.05; Sep 25, 2019 $0.0087; Dec 13, 2019 $0.05; Sep 24, 2020 $0.02; Dec 24, 2020 $0.02; Dec 23, 2021 $0.02; Jun 24, 2022 $0.0061; Dec 23, 2022 $0.05; Mar 24, 2023 $0.03; Jun 27, 2023 $0.04; Sep 22, 2023 $0.02; Dec 22, 2023 $0.04; Mar 21, 2024 $0.0096; Jun 27, 2024 $0.03; Sep 26, 2024 $0.04; Dec 13, 2024 $0.06; Mar 27, 2025 $0.08; Jun 26, 2025 $0.07; Sep 25, 2025 $0.01; Dec 12, 2025 $0.03; Mar 26, 2026 $0.07. Use the arrow keys to read each point.$0$12017202020232026YTD
IGFTwice a year · 19 paymentsAll IGF payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.74; Dec 21, 2017 $0.60; Jun 19, 2018 $0.70; Dec 18, 2018 $0.69; Jun 17, 2019 $0.79; Dec 16, 2019 $0.78; Jun 15, 2020 $0.44; Dec 14, 2020 $0.58; Jun 10, 2021 $0.68; Dec 13, 2021 $0.47; Jun 9, 2022 $0.70; Dec 13, 2022 $0.52; Jun 7, 2023 $0.68; Dec 20, 2023 $0.91; Jun 11, 2024 $0.83; Dec 17, 2024 $0.85; Jun 16, 2025 $0.98; Dec 16, 2025 $1.00; Jun 15, 2026 $0.93. Use the arrow keys to read each point.$0$12017202020232026YTD

AIRR vs IGF Risk

Fall from peak · 5 years

  • AIRR
  • IGF
Oct 29, 2021 to Oct 30, 2026. Worst fall: AIRR −28.2% · Oct 2026. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
AIRR 26.3%IGF 12.4%, better
Return per unit of riskSharpe ratio, 3 years
AIRR 0.89IGF 1.18, better
Worst fallMax drawdown, 5 years
AIRR −28.2%IGF −20.8%, better
Market sensitivityBeta, 5 years
AIRR 1.28IGF 0.62

AIRR and IGF in the news

All news⁠

Popular comparisons

  • AIRRCvsIFRAA

    First Trust RBA American Industrial RenaissanceTM ETF · iShares U.S. Infrastructure ETF

    Expense ratio
    0.69% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGFAvsIFRAA

    iShares Global Infrastructure ETF · iShares U.S. Infrastructure ETF

    Expense ratio
    0.37% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AIRRCvsGIIA

    First Trust RBA American Industrial RenaissanceTM ETF · State Street SPDR S&P Global Infrastructure ETF

    Expense ratio
    0.69% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGFAvsGIIA

    iShares Global Infrastructure ETF · State Street SPDR S&P Global Infrastructure ETF

    Expense ratio
    0.37% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AIRRCvsNFRAA

    First Trust RBA American Industrial RenaissanceTM ETF · Northern Trust STOXX Global Broad Infrastructure ETF

    Expense ratio
    0.69% · 0.47%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGFAvsNFRAA

    iShares Global Infrastructure ETF · Northern Trust STOXX Global Broad Infrastructure ETF

    Expense ratio
    0.37% · 0.47%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.