NEE vs. ITA
NEE (NextEra Energy, Inc.) 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 10 years, NEE returned 13.51%/yr vs 15.34%/yr for ITA. At a 0.34 correlation, their price movements are largely independent.
Performance
NEE vs. ITA - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with NEE having a 8.63% return and ITA slightly higher at 8.97%. Over the past 10 years, NEE has underperformed ITA with an annualized return of 13.51%, while ITA has yielded a comparatively higher 15.34% annualized return.
NEE
- 1D
- 1.36%
- 1M
- -7.22%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
ITA
- 1D
- -0.95%
- 1M
- 4.16%
- YTD
- 8.97%
- 6M
- 11.71%
- 1Y
- 30.42%
- 3Y*
- 27.30%
- 5Y*
- 16.86%
- 10Y*
- 15.34%
NEE vs. ITA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
ITA iShares U.S. Aerospace & Defense ETF | 8.97% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
Correlation
The correlation between NEE and ITA is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.34 |
Over the past year, the correlation between NEE and ITA has dropped to 0.10 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEE vs. ITA — Risk / Return Rank
NEE
ITA
NEE vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) 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.
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.
| NEE | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.97 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.78 | 5.20 | -1.42 |
Loading charts...
Drawdowns
NEE vs. ITA - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for NEE and ITA.
Loading charts...
Drawdown Indicators
| NEE | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -59.72% | +11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -15.82% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | -15.82% | -18.75% |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | -18.72% | -26.25% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -51.00% | +6.03% |
Current DrawdownCurrent decline from peak | -11.50% | -6.64% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -9.45% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 5.97% | -0.72% |
Volatility
NEE vs. ITA - Volatility Comparison
The current volatility for NextEra Energy, Inc. (NEE) is 8.52%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 9.07%. This indicates that NEE experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NEE | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 9.07% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 18.47% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 21.74% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 20.21% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 23.22% | +2.27% |
Dividends
NEE vs. ITA - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, more than ITA's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.46% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Frequently Asked Questions
NEE and ITA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITA has higher volatility (9.07%) compared to NEE (8.52%). In terms of maximum drawdown, NEE dropped -47.81% vs ITA's -59.72%.
ITA currently has the higher Sharpe Ratio (1.43 vs 0.84), 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.
Find the right allocation for NEE and ITA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer