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ITA vs. JPM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITA vs. JPM

Last updated Jun 13, 2026

ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, ITA returned 15.34%/yr vs 21.02%/yr for JPM. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

ITA vs. JPM - Performance Comparison

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

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Returns By Period

In the year-to-date period, ITA achieves a 8.97% return, which is significantly higher than JPM's 0.50% return. Over the past 10 years, ITA has underperformed JPM with an annualized return of 15.34%, while JPM has yielded a comparatively higher 21.02% annualized return.

ITA

1D
-0.95%
1M
3.58%
YTD
8.97%
6M
11.71%
1Y
30.96%
3Y*
27.30%
5Y*
16.86%
10Y*
15.34%

JPM

1D
2.31%
1M
6.82%
YTD
0.50%
6M
1.66%
1Y
21.89%
3Y*
34.22%
5Y*
17.82%
10Y*
21.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITA vs. JPM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ITA
iShares U.S. Aerospace & Defense ETF		8.97%48.64%15.81%14.33%9.96%9.39%-13.57%30.51%-7.22%35.24%
JPM
JPMorgan Chase & Co.		0.50%37.27%44.29%30.63%-12.64%27.75%-5.53%47.26%-6.62%26.76%

Correlation

The correlation between ITA and JPM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since May 5, 2006

0.57

The correlation between ITA and JPM shifts across timeframes, from 0.39 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

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iShares U.S. Aerospace & Defense ETF

JPMorgan Chase & Co.

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Return for Risk

ITA vs. JPM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ITA
ITA Risk / Return Rank: 4444
Overall Rank
ITA Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4848
Sortino Ratio Rank
ITA Omega Ratio Rank: 4343
Omega Ratio Rank
ITA Calmar Ratio Rank: 4545
Calmar Ratio Rank
ITA Martin Ratio Rank: 3838
Martin Ratio Rank
JPM
JPM Risk / Return Rank: 6969
Overall Rank
JPM Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
JPM Sortino Ratio Rank: 6666
Sortino Ratio Rank
JPM Omega Ratio Rank: 6666
Omega Ratio Rank
JPM Calmar Ratio Rank: 7070
Calmar Ratio Rank
JPM Martin Ratio Rank: 7070
Martin Ratio Rank
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. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and JPMorgan Chase & Co. (JPM). 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.

ITAJPMDifference
Sharpe ratioReturn per unit of total volatility
1.43
1.01

+0.42

Sortino ratioReturn per unit of downside risk
2.11
1.43

+0.67

Omega ratioGain probability vs. loss probability

1.25

1.18

+0.06

Calmar ratioReturn relative to maximum drawdown

1.97

1.42

+0.54

Martin ratioReturn relative to average drawdown

5.20

3.36

+1.85

ITA vs. JPM - Sharpe Ratio Comparison

The current ITA Sharpe Ratio is 1.43, which is higher than the JPM Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of ITA and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ITA vs. JPM - Drawdown Comparison

The maximum ITA drawdown since its inception was -59.72%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for ITA and JPM.

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Drawdown Indicators

ITAJPMDifference

Max Drawdown

Largest peak-to-trough decline

-59.72%

-76.16%

+16.44%

Max Drawdown (1Y)

Largest decline over 1 year

-15.82%

-15.47%

-0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-24.42%

+8.60%

Max Drawdown (5Y)

Largest decline over 5 years

-18.72%

-38.77%

+20.05%

Max Drawdown (10Y)

Largest decline over 10 years

-51.00%

-43.63%

-7.37%

Current Drawdown

Current decline from peak

-6.64%

-3.66%

-2.98%

Average Drawdown

Average peak-to-trough decline

-9.45%

-17.62%

+8.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.97%

6.54%

-0.57%

Volatility

ITA vs. JPM - Volatility Comparison

iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 9.07% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITAJPMDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.07%

6.35%

+2.72%

Volatility (6M)

Calculated over the trailing 6-month period

18.47%

16.67%

+1.80%

Volatility (1Y)

Calculated over the trailing 1-year period

21.74%

21.76%

-0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.21%

24.46%

-4.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.22%

27.39%

-4.17%

Dividends

ITA vs. JPM - Dividend Comparison

ITA's dividend yield for the trailing twelve months is around 0.46%, less than JPM's 1.84% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
JPM
JPMorgan Chase & Co.		1.84%1.72%1.92%2.38%2.98%2.34%2.83%2.37%2.54%1.91%2.13%2.54%

Frequently Asked Questions

ITA and JPM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ITA has higher volatility (9.07%) compared to JPM (6.35%). In terms of maximum drawdown, ITA dropped -59.72% vs JPM's -76.16%.

ITA currently has the higher Sharpe Ratio (1.43 vs 1.01), 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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