ITA vs. IBIT
ITA (iShares U.S. Aerospace & Defense ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ITA returned 26.06% vs -38.74% for IBIT. At a 0.29 correlation, their price movements are largely independent. ITA charges 0.38%/yr vs 0.25%/yr for IBIT.
Performance
ITA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ITA achieves a 4.82% return, which is significantly higher than IBIT's -25.48% return.
ITA
- 1D
- -1.51%
- 1M
- 4.93%
- YTD
- 4.82%
- 6M
- 11.61%
- 1Y
- 26.06%
- 3Y*
- 26.89%
- 5Y*
- 15.93%
- 10Y*
- 14.82%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 4.82% | 48.64% | 20.70% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between ITA and IBIT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.29 |
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Return for Risk
ITA vs. IBIT — Risk / Return Rank
ITA
IBIT
ITA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.86 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.79 | +2.44 |
| Martin ratioReturn relative to average drawdown | 4.49 | -1.36 | +5.85 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | -0.89 | +2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.30 | +0.21 |
Drawdowns
ITA vs. IBIT - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for ITA and IBIT.
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Drawdown Indicators
| ITA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -49.36% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -49.36% | +33.54% |
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 DrawdownCurrent decline from peak | -10.19% | -48.10% | +37.91% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -16.02% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 28.44% | -22.62% |
Volatility
ITA vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 7.28%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 9.50% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 17.47% | 34.44% | -16.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 43.73% | -22.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 50.19% | -30.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 50.19% | -27.05% |
ITA vs. IBIT - Expense Ratio Comparison
ITA has a 0.38% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ITA vs. IBIT - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.48%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust 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 | 0.48% | 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 IBIT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to ITA (7.28%). In terms of maximum drawdown, ITA dropped -59.72% vs IBIT's -49.36%.
On 1-year performance, ITA leads with 26.06% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ITA has been the lower-risk option at 7.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITA has performed better with a 26.06% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.38% for ITA.
ITA has the higher dividend yield at 0.48%, compared with 0.00% for IBIT.
ITA is categorized as Aerospace & Defense, while IBIT is Cryptocurrency. ITA tracks Dow Jones U.S. Select Aerospace & Defense Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.38% for ITA and 0.25% for IBIT.
ITA currently has the higher Sharpe Ratio (1.26 vs -0.89), 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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