ITB vs. SPY
Compare and contrast key facts about iShares U.S. Home Construction ETF (ITB) and SPDR S&P 500 ETF (SPY).
ITB and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ITB and SPY 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: ITB or SPY.
Performance
ITB vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ITB achieves a 15.86% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, ITB has outperformed SPY with an annualized return of 16.99%, while SPY has yielded a comparatively lower 13.07% annualized return.
ITB
15.86%
-5.90%
12.60%
37.10%
22.11%
16.99%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| ITB | SPY | |
|---|---|---|
| Sharpe Ratio | 1.37 | 2.62 |
| Sortino Ratio | 1.99 | 3.50 |
| Omega Ratio | 1.24 | 1.49 |
| Calmar Ratio | 2.27 | 3.78 |
| Martin Ratio | 5.76 | 17.00 |
| Ulcer Index | 6.17% | 1.87% |
| Daily Std Dev | 25.99% | 12.14% |
| Max Drawdown | -86.53% | -55.19% |
| Current Drawdown | -9.15% | -1.38% |
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ITB vs. SPY - Expense Ratio Comparison
ITB has a 0.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between ITB and SPY is 0.66, 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
ITB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) and SPDR S&P 500 ETF (SPY). 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
ITB vs. SPY - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.39%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.39% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ITB vs. SPY - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ITB and SPY. For additional features, visit the drawdowns tool.
Volatility
ITB vs. SPY - Volatility Comparison
iShares U.S. Home Construction ETF (ITB) has a higher volatility of 6.14% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that ITB's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.