ITA vs. O
ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, ITA returned 14.86%/yr vs 4.43%/yr for O. At a 0.39 correlation, their price movements are largely independent.
Performance
ITA vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, ITA achieves a 5.92% return, which is significantly lower than O's 8.78% return. Over the past 10 years, ITA has outperformed O with an annualized return of 14.86%, while O has yielded a comparatively lower 4.43% annualized return.
ITA
- 1D
- -0.95%
- 1M
- 1.69%
- YTD
- 5.92%
- 6M
- 11.28%
- 1Y
- 25.56%
- 3Y*
- 26.35%
- 5Y*
- 16.26%
- 10Y*
- 14.86%
O
- 1D
- -1.36%
- 1M
- -2.66%
- YTD
- 8.78%
- 6M
- 7.49%
- 1Y
- 13.14%
- 3Y*
- 5.19%
- 5Y*
- 2.41%
- 10Y*
- 4.43%
ITA vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 5.92% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
O Realty Income Corporation | 8.78% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between ITA and O is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.39 |
Over the past year, the correlation between ITA and O has dropped to 0.16 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
ITA vs. O — Risk / Return Rank
ITA
O
ITA vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.19 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.35 | 2.93 | +1.42 |
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 | O | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.82 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.13 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.17 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.48 | +0.02 |
Drawdowns
ITA vs. O - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for ITA and O.
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Drawdown Indicators
| ITA | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -48.45% | -11.27% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -11.10% | -4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -26.49% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -34.48% | +15.76% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -48.28% | -2.72% |
Current DrawdownCurrent decline from peak | -9.25% | -10.00% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -9.21% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 4.50% | +1.39% |
Volatility
ITA vs. O - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 7.09% compared to Realty Income Corporation (O) at 4.81%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITA | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 4.81% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.68% | 11.89% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 16.10% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 18.89% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 25.64% | -2.47% |
Dividends
ITA vs. O - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.47%, less than O's 5.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.47% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
O Realty Income Corporation | 5.39% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Frequently Asked Questions
ITA and O have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITA has higher volatility (7.09%) compared to O (4.81%). In terms of maximum drawdown, ITA dropped -59.72% vs O's -48.45%.
ITA currently has the higher Sharpe Ratio (1.22 vs 0.82), 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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