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ITA vs. SPYG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ITA vs. SPYG

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).

ITA and SPYG 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both ITA and SPYG 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. SPYG - Performance Comparison

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

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ITA vs. SPYG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ITA
iShares U.S. Aerospace & Defense ETF		4.24%48.64%15.81%14.33%9.96%9.39%-13.57%30.51%-7.22%35.24%
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		-6.91%22.09%35.99%30.02%-29.41%32.01%33.46%30.84%-0.12%27.24%

Returns By Period

In the year-to-date period, ITA achieves a 4.24% return, which is significantly higher than SPYG's -6.91% return. Both investments have delivered pretty close results over the past 10 years, with ITA having a 15.49% annualized return and SPYG not far ahead at 15.90%.

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%

SPYG

1D
1.32%
1M
-4.24%
YTD
-6.91%
6M
-5.21%
1Y
23.24%
3Y*
22.39%
5Y*
12.53%
10Y*
15.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Aerospace & Defense ETF

State Street SPDR Portfolio S&P 500 Growth ETF

Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. VOOITA vs. ARKXITA vs. FSDAXITA vs. DFEN
Often compared with SPYG:
SPYG vs. SPYSPYG vs. SCHGSPYG vs. VOOSPYG vs. VUGSPYG vs. VOOGSPYG vs. SPYVSPYG vs. XLK

ITA vs. SPYG - Expense Ratio Comparison

ITA has a 0.42% expense ratio, which is higher than SPYG's 0.04% expense ratio.

ITA
iShares U.S. Aerospace & Defense ETF
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF

Return for Risk

ITA vs. SPYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ITA
ITA Risk / Return Rank: 8989
Overall Rank
ITA Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 9090
Sortino Ratio Rank
ITA Omega Ratio Rank: 8787
Omega Ratio Rank
ITA Calmar Ratio Rank: 8989
Calmar Ratio Rank
ITA Martin Ratio Rank: 8888
Martin Ratio Rank
SPYG
SPYG Risk / Return Rank: 6262
Overall Rank
SPYG Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SPYG Sortino Ratio Rank: 6161
Sortino Ratio Rank
SPYG Omega Ratio Rank: 6060
Omega Ratio Rank
SPYG Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPYG Martin Ratio Rank: 6565
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. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.

ITASPYGDifference

Sharpe ratio

Return per unit of total volatility

1.97

1.04

+0.93

Sortino ratio

Return per unit of downside risk

2.60

1.62

+0.98

Omega ratio

Gain probability vs. loss probability

1.37

1.23

+0.14

Calmar ratio

Return relative to maximum drawdown

2.96

1.75

+1.21

Martin ratio

Return relative to average drawdown

11.32

6.81

+4.51

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. SPYG - Sharpe Ratio Comparison

The current ITA Sharpe Ratio is 1.97, which is higher than the SPYG Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of ITA and SPYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ITASPYGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.97

1.04

+0.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.60

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.78

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.32

+0.19

Correlation

The correlation between ITA and SPYG is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ITA vs. SPYG - Dividend Comparison

ITA's dividend yield for the trailing twelve months is around 0.48%, less than SPYG's 0.57% yield.

TTM20252024202320222021202020192018201720162015
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%
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		0.57%0.52%0.60%1.15%1.03%0.62%0.90%1.37%1.51%1.41%1.55%1.57%

Drawdowns

ITA vs. SPYG - Drawdown Comparison

The maximum ITA drawdown since its inception was -59.72%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for ITA and SPYG.

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Drawdown Indicators

ITASPYGDifference

Max Drawdown

Largest peak-to-trough decline

-59.72%

-67.63%

+7.91%

Max Drawdown (1Y)

Largest decline over 1 year

-15.82%

-13.76%

-2.06%

Max Drawdown (5Y)

Largest decline over 5 years

-18.72%

-32.67%

+13.95%

Max Drawdown (10Y)

Largest decline over 10 years

-51.00%

-32.67%

-18.33%

Current Drawdown

Current decline from peak

-10.69%

-9.06%

-1.63%

Average Drawdown

Average peak-to-trough decline

-9.45%

-24.48%

+15.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.14%

3.55%

+0.59%

Volatility

ITA vs. SPYG - Volatility Comparison

iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 8.22% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 7.32%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITASPYGDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.22%

7.32%

+0.90%

Volatility (6M)

Calculated over the trailing 6-month period

16.06%

12.90%

+3.16%

Volatility (1Y)

Calculated over the trailing 1-year period

23.37%

22.42%

+0.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.70%

21.13%

-1.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.95%

20.57%

+2.38%