ITA vs. SGOV

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and iShares 0-3 Month Treasury Bond ETF (SGOV).

ITA and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. Both ITA and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ITA vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Aerospace & Defense ETF (ITA) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

ITA vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ITA iShares U.S. Aerospace & Defense ETF	4.24%	48.64%	15.81%	14.33%	9.96%	9.39%	14.58%
SGOV iShares 0-3 Month Treasury Bond ETF	0.88%	4.24%	5.27%	5.12%	1.58%	0.04%	0.05%

Returns By Period

In the year-to-date period, ITA achieves a 4.24% return, which is significantly higher than SGOV's 0.88% return.

ITA

• 1D: 2.24%
• 1M: -10.69%
• YTD: 4.24%
• 6M: 6.95%
• 1Y: 45.80%
• 3Y*: 25.76%
• 5Y*: 17.41%
• 10Y*: 15.49%

SGOV

• 1D: 0.02%
• 1M: 0.30%
• YTD: 0.88%
• 6M: 1.89%
• 1Y: 4.07%
• 3Y*: 4.80%
• 5Y*: 3.41%
• 10Y*: —

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

ITA vs. SGOV - Expense Ratio Comparison

ITA has a 0.42% expense ratio, which is higher than SGOV's 0.09% expense ratio.

ITA

iShares U.S. Aerospace & Defense ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

Return for Risk

ITA vs. SGOV — Risk / Return Rank

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

ITA

ITA Risk / Return Rank: 89
ITA Sharpe Ratio Rank: 89
ITA Sortino Ratio Rank: 90
ITA Omega Ratio Rank: 87
ITA Calmar Ratio Rank: 89
ITA Martin Ratio Rank: 88

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio Return per unit of total volatility	1.97	20.61	-18.64
Sortino ratio Return per unit of downside risk	2.60	283.87	-281.27
Omega ratio Gain probability vs. loss probability	1.37	201.33	-199.96
Calmar ratio Return relative to maximum drawdown	2.96	411.31	-408.35
Martin ratio Return relative to average drawdown	11.32	4,618.08	-4,606.77
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. SGOV - Sharpe Ratio Comparison

The current ITA Sharpe Ratio is 1.97, which is lower than the SGOV Sharpe Ratio of 20.61. The chart below compares the historical Sharpe Ratios of ITA and SGOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ITA	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	20.61	-18.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	14.12	-13.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	12.34	-11.83

Correlation

The correlation between ITA and SGOV is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ITA vs. SGOV - Dividend Comparison

ITA's dividend yield for the trailing twelve months is around 0.48%, less than SGOV's 3.95% yield.

	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%
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ITA vs. SGOV - Drawdown Comparison

The maximum ITA drawdown since its inception was -59.72%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ITA and SGOV.

Drawdown Indicators

	ITA	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-59.72%	-0.03%	-59.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-0.01%	-15.81%
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	-0.03%	-18.69%
Max Drawdown (10Y) Largest decline over 10 years	-51.00%	—	—
Current Drawdown Current decline from peak	-10.69%	0.00%	-10.69%
Average Drawdown Average peak-to-trough decline	-9.45%	0.00%	-9.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	0.00%	+4.14%

Volatility

ITA vs. SGOV - Volatility Comparison

iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 8.22% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITA	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	0.06%	+8.16%
Volatility (6M) Calculated over the trailing 6-month period	16.06%	0.13%	+15.93%
Volatility (1Y) Calculated over the trailing 1-year period	23.37%	0.20%	+23.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	0.24%	+19.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.95%	0.24%	+22.71%