ITA vs. XAR
Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and SPDR S&P Aerospace & Defense ETF (XAR).
ITA and XAR 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. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. Both ITA and XAR 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 XAR.
Performance
ITA vs. XAR - Performance Comparison
Returns By Period
In the year-to-date period, ITA achieves a 21.49% return, which is significantly lower than XAR's 26.12% return. Over the past 10 years, ITA has underperformed XAR with an annualized return of 11.61%, while XAR has yielded a comparatively higher 13.41% annualized return.
ITA
21.49%
1.59%
14.41%
30.84%
6.94%
11.61%
XAR
26.12%
5.70%
20.48%
36.00%
9.81%
13.41%
Key characteristics
| ITA | XAR | |
|---|---|---|
| Sharpe Ratio | 2.10 | 2.12 |
| Sortino Ratio | 2.81 | 2.86 |
| Omega Ratio | 1.40 | 1.37 |
| Calmar Ratio | 4.42 | 5.23 |
| Martin Ratio | 13.61 | 12.98 |
| Ulcer Index | 2.33% | 2.80% |
| Daily Std Dev | 15.08% | 17.14% |
| Max Drawdown | -59.72% | -46.37% |
| Current Drawdown | -2.79% | -0.68% |
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ITA vs. XAR - Expense Ratio Comparison
ITA has a 0.42% expense ratio, which is higher than XAR's 0.35% expense ratio.
Correlation
The correlation between ITA and XAR is 0.90, 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.
Risk-Adjusted Performance
ITA vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and SPDR S&P Aerospace & Defense ETF (XAR). 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. XAR - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.80%, more than XAR's 0.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.80% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
XAR SPDR S&P Aerospace & Defense ETF | 0.51% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
Drawdowns
ITA vs. XAR - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than XAR's maximum drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for ITA and XAR. For additional features, visit the drawdowns tool.
Volatility
ITA vs. XAR - Volatility Comparison
The current volatility for iShares U.S. Aerospace & Defense ETF (ITA) is 6.88%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 7.78%. This indicates that ITA experiences smaller price fluctuations and is considered to be less risky than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.