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ITB vs. LEN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITB vs. LEN

Last updated Jun 24, 2026

ITB (iShares U.S. Home Construction ETF) is Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while LEN (Lennar Corporation) is a stock. Over the past 10 years, ITB returned 14.54%/yr vs 8.56%/yr for LEN. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

ITB vs. LEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Home Construction ETF (ITB) and Lennar Corporation (LEN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ITB achieves a 1.43% return, which is significantly higher than LEN's -14.20% return. Over the past 10 years, ITB has outperformed LEN with an annualized return of 14.54%, while LEN has yielded a comparatively lower 8.56% annualized return.

ITB

1D
-0.01%
1M
7.17%
YTD
1.43%
6M
0.59%
1Y
5.88%
3Y*
6.76%
5Y*
8.33%
10Y*
14.54%

LEN

1D
-0.10%
1M
-1.70%
YTD
-14.20%
6M
-15.79%
1Y
-19.58%
3Y*
-8.25%
5Y*
0.03%
10Y*
8.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITB vs. LEN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ITB
iShares U.S. Home Construction ETF		1.43%-5.26%2.06%68.91%-26.26%49.25%26.42%48.70%-30.92%59.65%
LEN
Lennar Corporation		-14.20%-20.80%-7.32%66.92%-20.64%53.99%37.97%42.96%-37.91%50.28%

Correlation

The correlation between ITB and LEN is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since May 5, 2006

0.90

The correlation between ITB and LEN has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

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. Home Construction ETF

Lennar Corporation

Often compared with ITB:
ITB vs. XHBITB vs. NAILITB vs. PKBITB vs. SPYITB vs. XLREITB vs. FSHOXITB vs. VGT
Often compared with LEN:
LEN vs. DHILEN vs. LEN-BLEN vs. TOLLEN vs. NVRLEN vs. SPYLEN vs. TXRHLEN vs. VOO

Return for Risk

ITB vs. LEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ITB
ITB Risk / Return Rank: 1111
Overall Rank
ITB Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
ITB Sortino Ratio Rank: 1212
Sortino Ratio Rank
ITB Omega Ratio Rank: 1212
Omega Ratio Rank
ITB Calmar Ratio Rank: 1111
Calmar Ratio Rank
ITB Martin Ratio Rank: 1010
Martin Ratio Rank
LEN
LEN Risk / Return Rank: 2222
Overall Rank
LEN Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
LEN Sortino Ratio Rank: 1919
Sortino Ratio Rank
LEN Omega Ratio Rank: 2020
Omega Ratio Rank
LEN Calmar Ratio Rank: 2626
Calmar Ratio Rank
LEN Martin Ratio Rank: 2525
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.

ITB vs. LEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) and Lennar Corporation (LEN). 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.

ITBLENDifference
Sharpe ratioReturn per unit of total volatility
0.20
-0.52

+0.72

Sortino ratioReturn per unit of downside risk
0.56
-0.58

+1.14

Omega ratioGain probability vs. loss probability

1.06

0.93

+0.13

Calmar ratioReturn relative to maximum drawdown

0.23

-0.47

+0.70

Martin ratioReturn relative to average drawdown

0.43

-0.86

+1.29

ITB vs. LEN - Sharpe Ratio Comparison

The current ITB Sharpe Ratio is 0.20, which is higher than the LEN Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of ITB and LEN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ITB vs. LEN - Drawdown Comparison

The maximum ITB drawdown since its inception was -86.53%, smaller than the maximum LEN drawdown of -94.28%. Use the drawdown chart below to compare losses from any high point for ITB and LEN.

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Drawdown Indicators

ITBLENDifference

Max Drawdown

Largest peak-to-trough decline

-86.53%

-94.28%

+7.75%

Max Drawdown (1Y)

Largest decline over 1 year

-26.04%

-41.39%

+15.35%

Max Drawdown (3Y)

Largest decline over 3 years

-33.35%

-54.51%

+21.16%

Max Drawdown (5Y)

Largest decline over 5 years

-40.55%

-54.51%

+13.96%

Max Drawdown (10Y)

Largest decline over 10 years

-52.10%

-58.80%

+6.70%

Current Drawdown

Current decline from peak

-23.11%

-51.71%

+28.60%

Average Drawdown

Average peak-to-trough decline

-37.06%

-26.31%

-10.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.67%

22.86%

-9.19%

Volatility

ITB vs. LEN - Volatility Comparison

The current volatility for iShares U.S. Home Construction ETF (ITB) is 8.66%, while Lennar Corporation (LEN) has a volatility of 11.29%. This indicates that ITB experiences smaller price fluctuations and is considered to be less risky than LEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITBLENDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.66%

11.29%

-2.63%

Volatility (6M)

Calculated over the trailing 6-month period

21.41%

26.93%

-5.52%

Volatility (1Y)

Calculated over the trailing 1-year period

29.94%

37.77%

-7.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.37%

34.64%

-5.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.08%

37.35%

-7.27%

Dividends

ITB vs. LEN - Dividend Comparison

ITB's dividend yield for the trailing twelve months is around 0.66%, less than LEN's 2.29% yield.

PositionTTM20252024202320222021202020192018201720162015
ITB
iShares U.S. Home Construction ETF		0.66%1.67%0.46%0.48%0.86%0.37%0.46%0.50%0.63%0.28%0.43%0.34%
LEN
Lennar Corporation		2.29%1.95%1.47%1.01%1.66%0.86%0.82%0.29%0.41%0.25%0.37%0.33%

Frequently Asked Questions

ITB and LEN have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LEN has higher volatility (11.29%) compared to ITB (8.66%). In terms of maximum drawdown, ITB dropped -86.53% vs LEN's -94.28%.

ITB currently has the higher Sharpe Ratio (0.20 vs -0.52), 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.

Portfolio Optimizer

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