ITA vs. ARKX
Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and ARK Space Exploration & Innovation ETF (ARKX).
ITA and ARKX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITA is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index. It was launched on May 5, 2006. ARKX is an actively managed fund by ARK Investment Management. It was launched on Mar 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITA or ARKX.
Performance
ITA vs. ARKX - Performance Comparison
Returns By Period
In the year-to-date period, ITA achieves a 21.49% return, which is significantly higher than ARKX's 20.12% return.
ITA
21.49%
1.59%
14.41%
30.84%
6.94%
11.61%
ARKX
20.12%
11.51%
20.82%
31.44%
N/A
N/A
Key characteristics
| ITA | ARKX | |
|---|---|---|
| Sharpe Ratio | 2.10 | 1.59 |
| Sortino Ratio | 2.81 | 2.24 |
| Omega Ratio | 1.40 | 1.27 |
| Calmar Ratio | 4.42 | 0.95 |
| Martin Ratio | 13.61 | 6.40 |
| Ulcer Index | 2.33% | 5.06% |
| Daily Std Dev | 15.08% | 20.35% |
| Max Drawdown | -59.72% | -43.61% |
| Current Drawdown | -2.79% | -12.87% |
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ITA vs. ARKX - Expense Ratio Comparison
ITA has a 0.42% expense ratio, which is lower than ARKX's 0.75% expense ratio.
Correlation
The correlation between ITA and ARKX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ITA vs. ARKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and ARK Space Exploration & Innovation ETF (ARKX). 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.
Dividends
ITA vs. ARKX - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.80%, while ARKX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.80% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
ARKX ARK Space Exploration & Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITA vs. ARKX - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for ITA and ARKX. For additional features, visit the drawdowns tool.
Volatility
ITA vs. ARKX - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 6.88%, while ARK Space Exploration & Innovation ETF (ARKX) has a volatility of 8.16%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.