ITA vs. CVX
ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while CVX (Chevron Corporation) is a stock. Over the past 10 years, ITA returned 15.34%/yr vs 10.94%/yr for CVX. At a 0.48 correlation, their price movements are largely independent.
Performance
ITA vs. CVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ITA achieves a 8.97% return, which is significantly lower than CVX's 25.18% return. Over the past 10 years, ITA has outperformed CVX with an annualized return of 15.34%, while CVX has yielded a comparatively lower 10.94% annualized return.
ITA
- 1D
- -0.95%
- 1M
- 3.58%
- YTD
- 8.97%
- 6M
- 11.71%
- 1Y
- 30.96%
- 3Y*
- 27.30%
- 5Y*
- 16.86%
- 10Y*
- 15.34%
CVX
- 1D
- 0.75%
- 1M
- 1.58%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 34.55%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
ITA vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between ITA and CVX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.48 |
The correlation between ITA and CVX shifts across timeframes, from -0.09 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ITA vs. CVX — Risk / Return Rank
ITA
CVX
ITA vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Chevron Corporation (CVX). 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 | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.48 | -0.52 |
| Martin ratioReturn relative to average drawdown | 5.20 | 6.10 | -0.89 |
Loading charts...
Drawdowns
ITA vs. CVX - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for ITA and CVX.
Loading charts...
Drawdown Indicators
| ITA | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -55.77% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -13.99% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -20.64% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -24.95% | +6.23% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -55.77% | +4.77% |
Current DrawdownCurrent decline from peak | -6.64% | -10.52% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -11.39% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 5.68% | +0.29% |
Volatility
ITA vs. CVX - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 9.07% compared to Chevron Corporation (CVX) at 7.62%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ITA | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 7.62% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.47% | 17.86% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 22.06% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 25.15% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 29.16% | -5.94% |
Dividends
ITA vs. CVX - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.46%, less than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
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
ITA and CVX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITA has higher volatility (9.07%) compared to CVX (7.62%). In terms of maximum drawdown, ITA dropped -59.72% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.57 vs 1.43), 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.
Find the right allocation for ITA and CVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer