Zacks Investment Research
Should You Invest in the First Trust RBA American Industrial Renaissance ETF (AIRR)?The First Trust RBA American Industrial Renaissance ETF (AIRR) offers broad exposure to small and mid-cap US industrial and community banking companies with $8.55 billion in assets. However, it carries a relatively high expense ratio of 0.69% and a high risk profile (beta of 1.28, standard deviation of 26.13%), with modest year-to-date gains of 0.75%. The ETF received a Zacks ETF Rank of 3 (Hold), suggesting investors consider lower-cost alternatives like Vanguard Industrials Index Fund (VIS) or State Street Industrial Select Sector SPDR (XLI).
