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MTEC.L vs. ITA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MTEC.L vs. ITA

Last updated Jun 5, 2026

MTEC.L (Made Tech Group plc) is a stock, while ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Over the past 3 years, MTEC.L returned 29.49%/yr vs 24.82%/yr for ITA. At a 0.04 correlation, their price movements are largely independent.

Performance

MTEC.L vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Made Tech Group plc (MTEC.L) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MTEC.L is traded in GBp, while ITA is traded in USD. To make them comparable, the ITA values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MTEC.L achieves a 11.76% return, which is significantly higher than ITA's 8.37% return.

MTEC.L

1D
0.00%
1M
1.33%
YTD
11.76%
6M
40.74%
1Y
22.58%
3Y*
29.49%
5Y*
—
10Y*
—

ITA

1D
0.00%
1M
4.99%
YTD
8.37%
6M
13.73%
1Y
30.64%
3Y*
24.82%
5Y*
17.87%
10Y*
15.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MTEC.L vs. ITA - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MTEC.L
Made Tech Group plc		11.76%34.65%134.88%-52.22%-79.91%-17.04%
ITA
iShares U.S. Aerospace & Defense ETF		8.02%38.05%17.84%8.62%23.04%-1.66%

Correlation

The correlation between MTEC.L and ITA is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.03

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2021

0.04

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Made Tech Group plc

iShares U.S. Aerospace & Defense ETF

Often compared with ITA:
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Return for Risk

MTEC.L vs. ITA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MTEC.L
MTEC.L Risk / Return Rank: 5858
Overall Rank
MTEC.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
MTEC.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
MTEC.L Omega Ratio Rank: 6060
Omega Ratio Rank
MTEC.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
MTEC.L Martin Ratio Rank: 5858
Martin Ratio Rank
ITA
ITA Risk / Return Rank: 3737
Overall Rank
ITA Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 3939
Sortino Ratio Rank
ITA Omega Ratio Rank: 3636
Omega Ratio Rank
ITA Calmar Ratio Rank: 3737
Calmar Ratio Rank
ITA Martin Ratio Rank: 3333
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.

MTEC.L vs. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Made Tech Group plc (MTEC.L) and iShares U.S. Aerospace & Defense ETF (ITA). 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.

MTEC.LITADifference
Sharpe ratioReturn per unit of total volatility
0.45
1.49

-1.04

Sortino ratioReturn per unit of downside risk
1.31
2.11

-0.80

Omega ratioGain probability vs. loss probability

1.16

1.25

-0.09

Calmar ratioReturn relative to maximum drawdown

0.67

2.01

-1.34

Martin ratioReturn relative to average drawdown

1.69

5.05

-3.35

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTEC.L vs. ITA - Sharpe Ratio Comparison

The current MTEC.L Sharpe Ratio is 0.45, which is lower than the ITA Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of MTEC.L and ITA, 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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Sharpe Ratios by Period

MTEC.LITADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

1.49

-1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.92

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.36

0.60

-0.96

Drawdowns

MTEC.L vs. ITA - Drawdown Comparison

The maximum MTEC.L drawdown since its inception was -94.11%, which is greater than ITA's maximum drawdown of -44.96%. Use the drawdown chart below to compare losses from any high point for MTEC.L and ITA.

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Drawdown Indicators

MTEC.LITADifference

Max Drawdown

Largest peak-to-trough decline

-94.11%

-44.96%

-49.15%

Max Drawdown (1Y)

Largest decline over 1 year

-36.59%

-15.35%

-21.24%

Max Drawdown (3Y)

Largest decline over 3 years

-54.79%

-18.05%

-36.74%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.05%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.96%

—

Current Drawdown

Current decline from peak

-72.86%

-7.62%

-65.24%

Average Drawdown

Average peak-to-trough decline

-75.89%

-8.04%

-67.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.49%

6.09%

+8.40%

Volatility

MTEC.L vs. ITA - Volatility Comparison

Made Tech Group plc (MTEC.L) has a higher volatility of 10.35% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 6.24%. This indicates that MTEC.L's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MTEC.LITADifference

Volatility (1M)

Calculated over the trailing 1-month period

10.35%

6.24%

+4.11%

Volatility (6M)

Calculated over the trailing 6-month period

38.24%

16.70%

+21.54%

Volatility (1Y)

Calculated over the trailing 1-year period

54.12%

20.68%

+33.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

65.82%

19.58%

+46.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

65.82%

23.09%

+42.73%

Dividends

MTEC.L vs. ITA - Dividend Comparison

MTEC.L has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.47%.

PositionTTM20252024202320222021202020192018201720162015
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%
MTEC.L
Made Tech Group plc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MTEC.L and ITA have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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