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iShares U.S. Aerospace & Defense Index ETF (XAD.TO...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

iShares U.S. Aerospace & Defense Index ETF (XAD.TO)

ETF · Currency in CAD · Last updated Apr 1, 2026

iShares U.S. Aerospace & Defense Index ETF seeks to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index by investing in growth and value stocks of companies in the aerospace, defense, industrials, and capital goods sectors across diversified market capitalizations.

ETF Info

CUSIP
46390A108
Issuer
iShares
Inception Date
Sep 6, 2023
Category
Aerospace & Defense
Leveraged
1x (No leverage)
Index Tracked
Dow Jones U.S. Select Aerospace & Defense Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart

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iShares U.S. Aerospace & Defense Index ETF

Often compared with XAD.TO:
XAD.TO vs. SHLDXAD.TO vs. ITAXAD.TO vs. SHLD.TOXAD.TO vs. XARXAD.TO vs. XGD.TOXAD.TO vs. QQQXAD.TO vs. XUS.TOXAD.TO vs. DOWXAD.TO vs. XIC.TOXAD.TO vs. IWBMore XAD.TO alternatives

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in iShares U.S. Aerospace & Defense Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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S&P 500 Index

Different Benchmark Currency

XAD.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.

Returns By Period

iShares U.S. Aerospace & Defense Index ETF (XAD.TO) has returned 3.22% so far this year and 38.25% over the past 12 months.

iShares U.S. Aerospace & Defense Index ETF

1D
3.75%
1M
-8.51%
YTD
3.22%
6M
4.33%
1Y
38.25%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.80%
1M
-3.22%
YTD
-3.34%
6M
-2.48%
1Y
12.46%
3Y*
17.80%
5Y*
12.48%
10Y*
12.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 19, 2023, XAD.TO's average daily return is +0.14%, while the average monthly return is +2.53%. At this rate, your investment would double in approximately 2.3 years.

Historically, 58% of months were positive and 42% were negative. The best month was May 2025 with a return of +13.3%, while the worst month was Mar 2026 at -8.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.

On a daily basis, XAD.TO closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Apr 4, 2025 at -6.9%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.27%5.17%-8.51%3.22%
20259.19%-2.36%-0.72%-2.66%13.32%5.64%6.07%-0.02%7.23%3.85%-5.65%3.16%41.77%
2024-1.33%4.69%3.44%-2.60%5.06%-0.77%8.88%-0.91%3.29%-0.44%8.00%-3.86%25.00%
2023-2.92%4.09%8.05%4.72%14.33%

Benchmark Metrics

iShares U.S. Aerospace & Defense Index ETF has an annualized alpha of 29.25%, beta of 0.88, and R² of 0.41 versus S&P 500 Index. Calculated based on daily prices since September 26, 2023.

  • This ETF captured 163.41% of S&P 500 Index gains but only 33.28% of its losses — a favorable profile for investors.
  • R² of 0.41 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
Alpha
29.25%
Beta
0.88
R²
0.41
Upside Capture
163.41%
Downside Capture
33.28%

Expense Ratio

XAD.TO has an expense ratio of 0.44%, placing it in the medium range.

Return for Risk

Risk / Return Rank

XAD.TO ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

XAD.TO Risk / Return Rank: 7878
Overall Rank
XAD.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XAD.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
XAD.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XAD.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
XAD.TO Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares U.S. Aerospace & Defense Index ETF (XAD.TO) and compare them to a chosen benchmark (S&P 500 Index).

XAD.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.61

0.69

+0.92

Sortino ratio

Return per unit of downside risk

2.22

1.06

+1.16

Omega ratio

Gain probability vs. loss probability

1.30

1.17

+0.13

Calmar ratio

Return relative to maximum drawdown

2.31

1.14

+1.17

Martin ratio

Return relative to average drawdown

7.38

4.22

+3.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore XAD.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

XAD.TO Sortino RatioXAD.TO Sharpe Ratio

Dividends

Dividend History

iShares U.S. Aerospace & Defense Index ETF provided a 0.34% dividend yield over the last twelve months, with an annual payout of CA$0.34 per share. The fund has been increasing its distributions for 2 consecutive years.

0.25%0.30%0.35%0.40%CA$0.00CA$0.05CA$0.10CA$0.15CA$0.20CA$0.25CA$0.30CA$0.35202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
DividendCA$0.34CA$0.34CA$0.30CA$0.13

Dividend yield

0.34%0.35%0.44%0.24%

Monthly Dividends

The table displays the monthly dividend distributions for iShares U.S. Aerospace & Defense Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.00CA$0.00CA$0.00CA$0.00
2025CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.11CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.23CA$0.34
2024CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.10CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.20CA$0.30
2023CA$0.13CA$0.13

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the iShares U.S. Aerospace & Defense Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares U.S. Aerospace & Defense Index ETF was 16.06%, occurring on Apr 7, 2025. Recovery took 21 trading sessions.

The current iShares U.S. Aerospace & Defense Index ETF drawdown is 11.14%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.06%Feb 4, 202541Apr 7, 202521May 8, 202562
-14.36%Mar 3, 202620Mar 30, 2026———
-8.99%Jan 19, 202614Feb 5, 202616Mar 2, 202630
-8.88%Oct 28, 202524Dec 1, 202522Jan 5, 202646
-6.34%Oct 22, 202410Nov 4, 20244Nov 8, 202414

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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