ITA vs. XLV
Compare and contrast key facts about iShares U.S. Aerospace & Defense ETF (ITA) and Health Care Select Sector SPDR Fund (XLV).
ITA and XLV 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. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both ITA and XLV 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 XLV.
Performance
ITA vs. XLV - Performance Comparison
Returns By Period
In the year-to-date period, ITA achieves a 20.49% return, which is significantly higher than XLV's 5.95% return. Over the past 10 years, ITA has outperformed XLV with an annualized return of 11.59%, while XLV has yielded a comparatively lower 9.43% annualized return.
ITA
20.49%
-2.54%
11.40%
30.64%
6.76%
11.59%
XLV
5.95%
-5.58%
-1.73%
11.81%
9.67%
9.43%
Key characteristics
| ITA | XLV | |
|---|---|---|
| Sharpe Ratio | 2.05 | 1.15 |
| Sortino Ratio | 2.74 | 1.63 |
| Omega Ratio | 1.39 | 1.21 |
| Calmar Ratio | 4.29 | 1.27 |
| Martin Ratio | 13.25 | 4.56 |
| Ulcer Index | 2.32% | 2.74% |
| Daily Std Dev | 15.06% | 10.83% |
| Max Drawdown | -59.72% | -39.18% |
| Current Drawdown | -3.59% | -8.79% |
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ITA vs. XLV - Expense Ratio Comparison
ITA has a 0.42% expense ratio, which is higher than XLV's 0.12% expense ratio.
Correlation
The correlation between ITA and XLV is 0.58, 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.
Risk-Adjusted Performance
ITA vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and Health Care Select Sector SPDR Fund (XLV). 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. XLV - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.81%, less than XLV's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.81% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
XLV Health Care Select Sector SPDR Fund | 1.59% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
ITA vs. XLV - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than XLV's maximum drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for ITA and XLV. For additional features, visit the drawdowns tool.
Volatility
ITA vs. XLV - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 6.84% compared to Health Care Select Sector SPDR Fund (XLV) at 3.66%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.