ITA vs. SHLD
Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and Global X Defense Tech ETF (SHLD).
ITA and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both ITA and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITA or SHLD.
Correlation
The correlation between ITA and SHLD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ITA vs. SHLD - Performance Comparison
Key characteristics
ITA:
1.11
SHLD:
2.39
ITA:
1.60
SHLD:
3.38
ITA:
1.20
SHLD:
1.44
ITA:
2.18
SHLD:
3.97
ITA:
5.87
SHLD:
11.91
ITA:
3.28%
SHLD:
3.64%
ITA:
17.36%
SHLD:
18.14%
ITA:
-59.72%
SHLD:
-10.92%
ITA:
-2.96%
SHLD:
-3.04%
Returns By Period
In the year-to-date period, ITA achieves a 6.66% return, which is significantly lower than SHLD's 26.22% return.
ITA
6.66%
1.30%
2.73%
19.84%
19.07%
10.81%
SHLD
26.22%
5.92%
24.49%
43.72%
N/A
N/A
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ITA vs. SHLD - Expense Ratio Comparison
ITA has a 0.42% expense ratio, which is lower than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
ITA vs. SHLD — Risk-Adjusted Performance Rank
ITA
SHLD
ITA vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Global X Defense Tech ETF (SHLD). 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.
Dividends
ITA vs. SHLD - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.79%, more than SHLD's 0.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.79% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% |
SHLD Global X Defense Tech ETF | 0.42% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITA vs. SHLD - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than SHLD's maximum drawdown of -10.92%. Use the drawdown chart below to compare losses from any high point for ITA and SHLD. For additional features, visit the drawdowns tool.
Volatility
ITA vs. SHLD - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 5.90%, while Global X Defense Tech ETF (SHLD) has a volatility of 6.74%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.