ITA vs. FSDAX
Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and Fidelity Select Defense & Aerospace Portfolio (FSDAX).
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. FSDAX is managed by Fidelity. It was launched on May 8, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITA or FSDAX.
Key characteristics
| ITA | FSDAX | |
|---|---|---|
| YTD Return | 2.11% | 2.31% |
| 1Y Return | 16.41% | 18.72% |
| 3Y Return (Ann) | 7.76% | 6.59% |
| 5Y Return (Ann) | 5.50% | 6.22% |
| 10Y Return (Ann) | 10.47% | 10.21% |
| Sharpe Ratio | 1.01 | 1.00 |
| Daily Std Dev | 13.84% | 14.83% |
| Max Drawdown | -59.72% | -60.20% |
| Current Drawdown | -2.21% | -1.96% |
Correlation
The correlation between ITA and FSDAX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ITA vs. FSDAX - Performance Comparison
In the year-to-date period, ITA achieves a 2.11% return, which is significantly lower than FSDAX's 2.31% return. Both investments have delivered pretty close results over the past 10 years, with ITA having a 10.47% annualized return and FSDAX not far behind at 10.21%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ITA vs. FSDAX - Expense Ratio Comparison
ITA has a 0.42% expense ratio, which is lower than FSDAX's 0.74% expense ratio.
Risk-Adjusted Performance
ITA vs. FSDAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Fidelity Select Defense & Aerospace Portfolio (FSDAX). 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. FSDAX - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.90%, less than FSDAX's 7.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.90% | 0.93% | 0.95% | 0.82% | 1.07% | 1.53% | 1.13% | 0.91% | 1.07% | 1.03% | 1.20% | 1.13% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 7.57% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.64% | 4.87% | 6.55% | 6.78% | 5.67% |
Drawdowns
ITA vs. FSDAX - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, roughly equal to the maximum FSDAX drawdown of -60.20%. Use the drawdown chart below to compare losses from any high point for ITA and FSDAX. For additional features, visit the drawdowns tool.
Volatility
ITA vs. FSDAX - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 2.99%, while Fidelity Select Defense & Aerospace Portfolio (FSDAX) has a volatility of 5.35%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than FSDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.