ITA vs. IVV

Last updated Jun 4, 2026

ITA (iShares U.S. Aerospace & Defense ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ITA returned 14.82%/yr vs 15.54%/yr for IVV. A 0.75 correlation means they provide meaningful diversification when combined. ITA charges 0.38%/yr vs 0.03%/yr for IVV.

Performance

ITA vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Aerospace & Defense ETF (ITA) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITA achieves a 4.82% return, which is significantly lower than IVV's 10.85% return. Both investments have delivered pretty close results over the past 10 years, with ITA having a 14.82% annualized return and IVV not far ahead at 15.54%.

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%

IVV

• 1D: -0.76%
• 1M: 4.97%
• YTD: 10.85%
• 6M: 10.87%
• 1Y: 28.00%
• 3Y*: 22.43%
• 5Y*: 13.88%
• 10Y*: 15.54%

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

ITA vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITA iShares U.S. Aerospace & Defense ETF	4.82%	48.64%	15.81%	14.33%	9.96%	9.39%	-13.57%	30.51%	-7.22%	35.24%
IVV iShares Core S&P 500 ETF	10.85%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between ITA and IVV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 8, 2006	0.75

Over the past year, the correlation between ITA and IVV has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

ITA vs. IVV - Sectors Allocation Comparison

Sectors	ITA	IVV
Industrials	99.8%	8.3%
Technology	0.1%	35.6%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.8%
Healthcare	-	8.5%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

ITA vs. IVV — Risk / Return Rank

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

ITA

ITA Risk / Return Rank: 32
ITA Sharpe Ratio Rank: 34
ITA Sortino Ratio Rank: 34
ITA Omega Ratio Rank: 32
ITA Calmar Ratio Rank: 33
ITA Martin Ratio Rank: 30

IVV

IVV Risk / Return Rank: 70
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

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. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and iShares Core S&P 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.39	-1.13
Sortino ratio: Return per unit of downside risk	1.84	3.25	-1.41
Omega ratio: Gain probability vs. loss probability	1.22	1.43	-0.21
Calmar ratio: Return relative to maximum drawdown	1.65	3.17	-1.51
Martin ratio: Return relative to average drawdown	4.49	14.71	-10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITA vs. IVV - Sharpe Ratio Comparison

The current ITA Sharpe Ratio is 1.26, which is lower than the IVV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of ITA and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITA	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	2.39	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.83	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.86	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.45	+0.05

Drawdowns

ITA vs. IVV - Drawdown Comparison

The maximum ITA drawdown since its inception was -59.72%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ITA and IVV.

Drawdown Indicators

	ITA	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-59.72%	-55.25%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-8.89%	-6.93%
Max Drawdown (3Y) Largest decline over 3 years	-15.82%	-18.75%	+2.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	-24.53%	+5.81%
Max Drawdown (10Y) Largest decline over 10 years	-51.00%	-33.90%	-17.10%
Current Drawdown Current decline from peak	-10.19%	-0.76%	-9.43%
Average Drawdown Average peak-to-trough decline	-9.46%	-10.78%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	1.91%	+3.91%

Volatility

ITA vs. IVV - Volatility Comparison

iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 7.28% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITA	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	2.87%	+4.41%
Volatility (6M) Calculated over the trailing 6-month period	17.47%	8.90%	+8.57%
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	11.80%	+9.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	16.88%	+3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.14%	18.05%	+5.09%

ITA vs. IVV - Expense Ratio Comparison

ITA has a 0.38% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

ITA vs. IVV - Dividend Comparison

ITA's dividend yield for the trailing twelve months is around 0.48%, less than IVV's 1.06% yield.

Position	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%
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both ITA and IVV in my portfolio?

ITA and IVV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITA or IVV?

ITA has higher volatility (7.28%) compared to IVV (2.87%). In terms of maximum drawdown, ITA dropped -59.72% vs IVV's -55.25%.

Which ETF is better, ITA or IVV?

On 10-year performance, IVV leads with 15.54% vs 14.82% for ITA. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITA or IVV?

Over the 10-year period, IVV has performed better with a 15.54% return vs 14.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITA or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.38% for ITA.

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

IVV has the higher dividend yield at 1.06%, compared with 0.48% for ITA.

What is the main difference between ITA and IVV?

ITA is categorized as Aerospace & Defense, while IVV is S&P 500. ITA tracks Dow Jones U.S. Select Aerospace & Defense Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.38% for ITA and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.39 vs 1.26), 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.