AIRR ETF Surges 30% in 2025, Outperforming S&P 500 with Concentrated Onshoring Exposure

The First Trust RBA American Industrial Renaissance ETF (AIRR) returned 30% in 2025, nearly doubling the S&P 500's 16% gain. The fund's concentrated bet on small and mid-cap industrial companies benefited from the post-election policy shift. Top holdings Comfort Systems USA, C.H. Robinson, and MasTec each gained over 60%. The fund's performance depends on sustained tariff policy making domestic manufacturing economically compelling.