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GLOB vs. ITA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GLOB vs. ITA

Last updated Jun 13, 2026

GLOB (Globant S.A.) is a stock, while ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Over the past 10 years, GLOB returned -0.56%/yr vs 15.34%/yr for ITA. At a 0.32 correlation, their price movements are largely independent.

Performance

GLOB vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Globant S.A. (GLOB) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GLOB achieves a -42.65% return, which is significantly lower than ITA's 8.97% return. Over the past 10 years, GLOB has underperformed ITA with an annualized return of -0.56%, while ITA has yielded a comparatively higher 15.34% annualized return.

GLOB

1D
2.94%
1M
-3.65%
YTD
-42.65%
6M
-44.62%
1Y
-60.13%
3Y*
-41.52%
5Y*
-29.68%
10Y*
-0.56%

ITA

1D
-0.95%
1M
4.16%
YTD
8.97%
6M
11.71%
1Y
30.42%
3Y*
27.30%
5Y*
16.86%
10Y*
15.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLOB vs. ITA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GLOB
Globant S.A.		-42.65%-69.51%-9.90%41.52%-46.46%44.34%105.20%88.30%21.22%39.31%
ITA
iShares U.S. Aerospace & Defense ETF		8.97%48.64%15.81%14.33%9.96%9.39%-13.57%30.51%-7.22%35.24%

Correlation

The correlation between GLOB and ITA is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Jul 18, 2014

0.32

Over the past year, the correlation between GLOB and ITA has dropped to 0.11 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Globant S.A.

iShares U.S. Aerospace & Defense ETF

Often compared with GLOB:
GLOB vs. AAPLGLOB vs. CIGLOB vs. ANETGLOB vs. AVGOGLOB vs. DHRGLOB vs. MSCIGLOB vs. ENPH
Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. ARKXITA vs. VOOITA vs. FSDAXITA vs. DFEN

Return for Risk

GLOB vs. ITA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLOB
GLOB Risk / Return Rank: 44
Overall Rank
GLOB Sharpe Ratio Rank: 33
Sharpe Ratio Rank
GLOB Sortino Ratio Rank: 33
Sortino Ratio Rank
GLOB Omega Ratio Rank: 44
Omega Ratio Rank
GLOB Calmar Ratio Rank: 55
Calmar Ratio Rank
GLOB Martin Ratio Rank: 55
Martin Ratio Rank
ITA
ITA Risk / Return Rank: 4444
Overall Rank
ITA Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4848
Sortino Ratio Rank
ITA Omega Ratio Rank: 4343
Omega Ratio Rank
ITA Calmar Ratio Rank: 4545
Calmar Ratio Rank
ITA Martin Ratio Rank: 3838
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.

GLOB vs. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Globant S.A. (GLOB) and iShares U.S. Aerospace & Defense ETF (ITA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

GLOBITADifference
Sharpe ratioReturn per unit of total volatility
-1.13
1.43

-2.56

Sortino ratioReturn per unit of downside risk
-1.91
2.11

-4.02

Omega ratioGain probability vs. loss probability

0.78

1.25

-0.47

Calmar ratioReturn relative to maximum drawdown

-0.94

1.97

-2.91

Martin ratioReturn relative to average drawdown

-1.55

5.20

-6.75

GLOB vs. ITA - Sharpe Ratio Comparison

The current GLOB Sharpe Ratio is -1.13, which is lower than the ITA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of GLOB and ITA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GLOB vs. ITA - Drawdown Comparison

The maximum GLOB drawdown since its inception was -90.76%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for GLOB and ITA.

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Drawdown Indicators

GLOBITADifference

Max Drawdown

Largest peak-to-trough decline

-90.76%

-59.72%

-31.04%

Max Drawdown (1Y)

Largest decline over 1 year

-65.82%

-15.82%

-50.00%

Max Drawdown (3Y)

Largest decline over 3 years

-86.88%

-15.82%

-71.06%

Max Drawdown (5Y)

Largest decline over 5 years

-90.76%

-18.72%

-72.04%

Max Drawdown (10Y)

Largest decline over 10 years

-90.76%

-51.00%

-39.76%

Current Drawdown

Current decline from peak

-89.42%

-6.64%

-82.78%

Average Drawdown

Average peak-to-trough decline

-26.21%

-9.45%

-16.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

41.21%

5.97%

+35.24%

Volatility

GLOB vs. ITA - Volatility Comparison

Globant S.A. (GLOB) has a higher volatility of 21.18% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 9.07%. This indicates that GLOB's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GLOBITADifference

Volatility (1M)

Calculated over the trailing 1-month period

21.18%

9.07%

+12.11%

Volatility (6M)

Calculated over the trailing 6-month period

43.96%

18.47%

+25.49%

Volatility (1Y)

Calculated over the trailing 1-year period

55.03%

21.74%

+33.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.29%

20.21%

+31.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.53%

23.22%

+24.31%

Dividends

GLOB vs. ITA - Dividend Comparison

GLOB has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.46%.

PositionTTM20252024202320222021202020192018201720162015
GLOB
Globant S.A.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ITA
iShares U.S. Aerospace & Defense ETF		0.46%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%

Frequently Asked Questions

GLOB and ITA have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GLOB has higher volatility (21.18%) compared to ITA (9.07%). In terms of maximum drawdown, GLOB dropped -90.76% vs ITA's -59.72%.

ITA currently has the higher Sharpe Ratio (1.43 vs -1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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