ITA vs. VNO
ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while VNO (Vornado Realty Trust) is a stock. Over the past 10 years, ITA returned 14.86%/yr vs -3.63%/yr for VNO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
ITA vs. VNO - 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 VNO's 8.77% return. Over the past 10 years, ITA has outperformed VNO with an annualized return of 14.86%, while VNO has yielded a comparatively lower -3.63% 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%
VNO
- 1D
- 2.81%
- 1M
- 12.56%
- YTD
- 8.77%
- 6M
- 8.57%
- 1Y
- -8.07%
- 3Y*
- 35.06%
- 5Y*
- -3.27%
- 10Y*
- -3.63%
ITA vs. VNO - 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% |
VNO Vornado Realty Trust | 8.77% | -19.09% | 51.32% | 39.50% | -46.66% | 17.78% | -40.43% | 14.93% | -17.75% | -4.53% |
Correlation
The correlation between ITA and VNO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 8, 2006 | 0.51 |
Over the past year, the correlation between ITA and VNO has dropped to 0.24 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
ITA vs. VNO — Risk / Return Rank
ITA
VNO
ITA vs. VNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Vornado Realty Trust (VNO). 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 | VNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.99 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.20 | +1.82 |
| Martin ratioReturn relative to average drawdown | 4.35 | -0.38 | +4.73 |
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 | VNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | -0.25 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | -0.08 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | -0.09 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.29 | +0.22 |
Drawdowns
ITA vs. VNO - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, smaller than the maximum VNO drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for ITA and VNO.
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Drawdown Indicators
| ITA | VNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -80.89% | +21.17% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -41.22% | +25.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -43.88% | +28.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -72.46% | +53.74% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -80.89% | +29.89% |
Current DrawdownCurrent decline from peak | -9.25% | -41.31% | +32.06% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -20.59% | +11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 21.24% | -15.35% |
Volatility
ITA vs. VNO - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 7.09%, while Vornado Realty Trust (VNO) has a volatility of 10.04%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than VNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITA | VNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 10.04% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.68% | 23.04% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 32.81% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 41.61% | -21.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 39.11% | -15.94% |
Dividends
ITA vs. VNO - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.47%, less than VNO's 2.04% 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% |
VNO Vornado Realty Trust | 2.04% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Frequently Asked Questions
ITA and VNO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNO has higher volatility (10.04%) compared to ITA (7.09%). In terms of maximum drawdown, ITA dropped -59.72% vs VNO's -80.89%.
ITA currently has the higher Sharpe Ratio (1.22 vs -0.25), 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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