ITA vs. T
ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while T (AT&T Inc.) is a stock. Over the past 10 years, ITA returned 15.34%/yr vs 3.33%/yr for T. At a 0.40 correlation, their price movements are largely independent.
Performance
ITA vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, ITA achieves a 8.97% return, which is significantly higher than T's -2.96% return. Over the past 10 years, ITA has outperformed T with an annualized return of 15.34%, while T has yielded a comparatively lower 3.33% 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%
T
- 1D
- 2.52%
- 1M
- -4.69%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.96%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
ITA vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
T AT&T Inc. | -2.96% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between ITA and T is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.40 |
The correlation between ITA and T shifts across timeframes, from -0.12 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ITA vs. T — Risk / Return Rank
ITA
T
ITA vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and AT&T Inc. (T). 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.
| ITA | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.92 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | -0.59 | +2.56 |
| Martin ratioReturn relative to average drawdown | 5.20 | -1.22 | +6.42 |
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Drawdowns
ITA vs. T - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for ITA and T.
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Drawdown Indicators
| ITA | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -64.15% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -21.87% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -21.87% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -32.01% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -42.35% | -8.65% |
Current DrawdownCurrent decline from peak | -6.64% | -18.12% | +11.48% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -15.72% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 10.64% | -4.67% |
Volatility
ITA vs. T - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 9.07% compared to AT&T Inc. (T) at 8.21%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITA | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 8.21% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.47% | 17.80% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 22.13% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 24.01% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 23.73% | -0.51% |
Dividends
ITA vs. T - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.46%, less than T's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
T AT&T Inc. | 4.71% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Frequently Asked Questions
ITA and T have a correlation of -0.12, 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 T (8.21%). In terms of maximum drawdown, ITA dropped -59.72% vs T's -64.15%.
ITA currently has the higher Sharpe Ratio (1.43 vs -0.59), 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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