IDEF vs. FITE
IDEF (iShares Defense Industrials Active ETF) and FITE (SPDR S&P Kensho Future Security ETF) are both exchange-traded funds - IDEF is a Aerospace & Defense fund actively managed by iShares, while FITE is a Technology Equities fund tracking the S&P Kensho Future Security Index. IDEF is actively managed, while FITE is passively managed. Over the past year, IDEF returned 21.86% vs 62.26% for FITE. Their correlation of 0.81 suggests significant overlap in exposure. IDEF charges 0.55%/yr vs 0.45%/yr for FITE.
Performance
IDEF vs. FITE - Performance Comparison
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Returns By Period
In the year-to-date period, IDEF achieves a 4.74% return, which is significantly lower than FITE's 34.22% return.
IDEF
- 1D
- -2.54%
- 1M
- -2.65%
- YTD
- 4.74%
- 6M
- 9.45%
- 1Y
- 21.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FITE
- 1D
- -3.37%
- 1M
- 20.06%
- YTD
- 34.22%
- 6M
- 37.08%
- 1Y
- 62.26%
- 3Y*
- 34.02%
- 5Y*
- 17.63%
- 10Y*
- —
IDEF vs. FITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 4.74% | 23.05% |
FITE SPDR S&P Kensho Future Security ETF | 34.22% | 25.46% |
Correlation
The correlation between IDEF and FITE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 22, 2025 | 0.81 |
The correlation between IDEF and FITE has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.
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Return for Risk
IDEF vs. FITE — Risk / Return Rank
IDEF
FITE
IDEF vs. FITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) and SPDR S&P Kensho Future Security ETF (FITE). 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.
| IDEF | FITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 4.08 | -2.58 |
| Martin ratioReturn relative to average drawdown | 3.90 | 12.00 | -8.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDEF | FITE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.52 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.78 | +0.55 |
Drawdowns
IDEF vs. FITE - Drawdown Comparison
The maximum IDEF drawdown since its inception was -14.63%, smaller than the maximum FITE drawdown of -36.90%. Use the drawdown chart below to compare losses from any high point for IDEF and FITE.
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Drawdown Indicators
| IDEF | FITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -36.90% | +22.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -15.35% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.14% | — |
Current DrawdownCurrent decline from peak | -12.31% | -3.37% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -7.40% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 5.20% | +0.41% |
Volatility
IDEF vs. FITE - Volatility Comparison
The current volatility for iShares Defense Industrials Active ETF (IDEF) is 7.87%, while SPDR S&P Kensho Future Security ETF (FITE) has a volatility of 8.49%. This indicates that IDEF experiences smaller price fluctuations and is considered to be less risky than FITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDEF | FITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 8.49% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 19.90% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 24.82% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 22.42% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 23.06% | -1.99% |
IDEF vs. FITE - Expense Ratio Comparison
IDEF has a 0.55% expense ratio, which is higher than FITE's 0.45% expense ratio.
Dividends
IDEF vs. FITE - Dividend Comparison
IDEF's dividend yield for the trailing twelve months is around 0.16%, more than FITE's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FITE SPDR S&P Kensho Future Security ETF | 0.15% | 0.23% | 0.12% | 0.13% | 0.12% | 0.92% | 0.88% | 0.44% | 1.79% |
IDEF iShares Defense Industrials Active ETF | 0.16% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDEF and FITE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FITE has higher volatility (8.49%) compared to IDEF (7.87%). In terms of maximum drawdown, IDEF dropped -14.63% vs FITE's -36.90%.
On 1-year performance, FITE leads with 62.26% vs 21.86% for IDEF. On fees, FITE is cheaper at 0.45% per year. On volatility, IDEF has been the lower-risk option at 7.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FITE has performed better with a 62.26% return vs 21.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FITE is cheaper with a 0.45% expense ratio, compared with 0.55% for IDEF.
IDEF has the higher dividend yield at 0.16%, compared with 0.15% for FITE.
IDEF is categorized as Aerospace & Defense, while FITE is Technology Equities. They also come from different issuers: iShares and State Street. Their fees differ too: 0.55% for IDEF and 0.45% for FITE.
FITE currently has the higher Sharpe Ratio (2.52 vs 1.04), 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.
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