ITA vs. EMLP
Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and First Trust North American Energy Infrastructure Fund (EMLP).
ITA and EMLP 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. EMLP is an actively managed fund by First Trust. It was launched on Jun 21, 2012.
Performance
ITA vs. EMLP - Performance Comparison
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ITA vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 4.24% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
EMLP First Trust North American Energy Infrastructure Fund | 15.65% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
Returns By Period
In the year-to-date period, ITA achieves a 4.24% return, which is significantly lower than EMLP's 15.65% return. Over the past 10 years, ITA has outperformed EMLP with an annualized return of 15.49%, while EMLP has yielded a comparatively lower 11.46% annualized return.
ITA
- 1D
- 2.24%
- 1M
- -10.69%
- YTD
- 4.24%
- 6M
- 6.95%
- 1Y
- 45.80%
- 3Y*
- 25.76%
- 5Y*
- 17.41%
- 10Y*
- 15.49%
EMLP
- 1D
- -0.37%
- 1M
- -0.50%
- YTD
- 15.65%
- 6M
- 15.51%
- 1Y
- 19.02%
- 3Y*
- 21.93%
- 5Y*
- 17.63%
- 10Y*
- 11.46%
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ITA vs. EMLP - Expense Ratio Comparison
ITA has a 0.42% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Return for Risk
ITA vs. EMLP — Risk / Return Rank
ITA
EMLP
ITA vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and First Trust North American Energy Infrastructure Fund (EMLP). 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.
| ITA | EMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 1.43 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.60 | 1.85 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.74 | +1.22 |
Martin ratioReturn relative to average drawdown | 11.32 | 8.14 | +3.18 |
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
| ITA | EMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.43 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.23 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.65 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.58 | -0.07 |
Correlation
The correlation between ITA and EMLP is 0.51, 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.
Dividends
ITA vs. EMLP - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.48%, less than EMLP's 2.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.48% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
EMLP First Trust North American Energy Infrastructure Fund | 2.76% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
Drawdowns
ITA vs. EMLP - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than EMLP's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for ITA and EMLP.
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Drawdown Indicators
| ITA | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -43.61% | -16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -11.27% | -4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -14.59% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -43.61% | -7.39% |
Current DrawdownCurrent decline from peak | -10.69% | -0.96% | -9.73% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -5.81% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.42% | +1.72% |
Volatility
ITA vs. EMLP - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 8.22% compared to First Trust North American Energy Infrastructure Fund (EMLP) at 2.80%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITA | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 2.80% | +5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 16.06% | 6.81% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.37% | 13.41% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.70% | 14.46% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 17.72% | +5.23% |