ITA vs. BTC-USD
ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ITA returned 15.54%/yr vs 56.48%/yr for BTC-USD. At a 0.09 correlation, their price movements are largely independent.
Performance
ITA vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ITA achieves a 10.73% return, which is significantly higher than BTC-USD's -24.33% return. Over the past 10 years, ITA has underperformed BTC-USD with an annualized return of 15.54%, while BTC-USD has yielded a comparatively higher 56.48% annualized return.
ITA
- 1D
- 1.62%
- 1M
- 9.34%
- YTD
- 10.73%
- 6M
- 13.39%
- 1Y
- 32.52%
- 3Y*
- 27.94%
- 5Y*
- 17.41%
- 10Y*
- 15.54%
BTC-USD
- 1D
- 0.77%
- 1M
- -15.23%
- YTD
- -24.33%
- 6M
- -23.38%
- 1Y
- -37.30%
- 3Y*
- 35.99%
- 5Y*
- 11.54%
- 10Y*
- 56.48%
ITA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 10.73% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
BTC-USD Bitcoin | -24.33% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between ITA and BTC-USD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2012 | 0.09 |
The correlation between ITA and BTC-USD shifts across timeframes, from 0.09 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ITA vs. BTC-USD — Risk / Return Rank
ITA
BTC-USD
ITA vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Bitcoin (BTC-USD). 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.
| ITA | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.88 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.73 | +2.79 |
| Martin ratioReturn relative to average drawdown | 5.46 | -1.26 | +6.72 |
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Drawdowns
ITA vs. BTC-USD - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ITA and BTC-USD.
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Drawdown Indicators
| ITA | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -85.30% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -51.21% | +35.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -51.21% | +35.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -76.67% | +57.95% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -83.80% | +32.80% |
Current DrawdownCurrent decline from peak | -5.13% | -46.91% | +41.78% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -42.38% | +32.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 34.75% | -28.77% |
Volatility
ITA vs. BTC-USD - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 9.14%, while Bitcoin (BTC-USD) has a volatility of 12.14%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITA | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | 12.14% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 34.59% | -16.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 35.62% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.23% | 44.55% | -24.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 56.55% | -33.31% |
Frequently Asked Questions
ITA and BTC-USD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.14%) compared to ITA (9.14%). In terms of maximum drawdown, ITA dropped -59.72% vs BTC-USD's -85.30%.
ITA currently has the higher Sharpe Ratio (1.50 vs -0.87), 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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