ITA vs. DUTY

Last updated Jul 17, 2026

ITA (iShares U.S. Aerospace & Defense ETF) and DUTY (U.S. Defense ETF) are both Aerospace & Defense funds - ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index while DUTY tracks the Solactive U.S. Defense Index. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. ITA charges 0.38%/yr vs 0.45%/yr for DUTY.

Performance

ITA vs. DUTY - Performance Comparison

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

Returns By Period

ITA

• 1D: -2.34%
• 1M: -3.60%
• 6M: -4.15%
• YTD: 7.69%
• 1Y: 19.36%
• 3Y*: 26.42%
• 5Y*: 18.03%
• 10Y*: 14.84%

DUTY

• 1D: -1.36%
• 1M: -0.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITA vs. DUTY - Yearly Performance Comparison

	2026 (YTD)
ITA iShares U.S. Aerospace & Defense ETF	3.47%
DUTY U.S. Defense ETF	2.13%

Correlation

The correlation between ITA and DUTY is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.53

ITA vs. DUTY - Sectors Allocation Comparison

Sectors	ITA	DUTY
Industrials	99.8%	51.0%
Technology	0.1%	49.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ITA vs. DUTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITA

ITA Risk / Return Rank: 29
ITA Sharpe Ratio Rank: 29
ITA Sortino Ratio Rank: 30
ITA Omega Ratio Rank: 27
ITA Calmar Ratio Rank: 30
ITA Martin Ratio Rank: 28

DUTY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ITA vs. DUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and U.S. Defense ETF (DUTY). 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	DUTY	Difference
Sharpe ratio: Return per unit of total volatility	0.88	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.23	—	—
Martin ratio: Return relative to average drawdown	3.17	—	—

Drawdowns

ITA vs. DUTY - Drawdown Comparison

The maximum ITA drawdown since its inception was -59.72%, which is greater than DUTY's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for ITA and DUTY.

Drawdown Indicators

	ITA	DUTY	Difference
Max Drawdown Largest peak-to-trough decline	-59.72%	-13.42%	-46.30%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.00%	—	—
Current Drawdown Current decline from peak	-7.93%	-7.39%	-0.54%
Average Drawdown Average peak-to-trough decline	-9.43%	-4.65%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	—	—

Volatility

Volatility by Period

	ITA	DUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.11%	27.11%	-5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.28%	27.11%	-6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.24%	27.11%	-3.87%

ITA vs. DUTY - Expense Ratio Comparison

ITA has a 0.38% expense ratio, which is lower than DUTY's 0.45% expense ratio.

Dividends

ITA vs. DUTY - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUTY U.S. Defense 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%
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

Can I hold both ITA and DUTY in my portfolio?

ITA and DUTY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ITA or DUTY?

On fees, ITA is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ITA or DUTY?

ITA is cheaper with a 0.38% expense ratio, compared with 0.45% for DUTY.

Which ETF pays a higher dividend yield, ITA or DUTY?

ITA has the higher dividend yield at 0.46%, compared with 0.00% for DUTY.

What is the main difference between ITA and DUTY?

ITA tracks Dow Jones U.S. Select Aerospace & Defense Index, while DUTY tracks Solactive U.S. Defense Index. They also come from different issuers: iShares and Aura. Their fees differ too: 0.38% for ITA and 0.45% for DUTY.