PRNT vs. ITA
Compare and contrast key facts about ARK The 3D Printing ETF (PRNT) and iShares U.S. Aerospace & Defense ETF (ITA).
PRNT and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRNT is a passively managed fund by ARK Investment Management that tracks the performance of the Total 3D-Printing Index. It was launched on Jul 19, 2016. 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. Both PRNT and ITA 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: PRNT or ITA.
Performance
PRNT vs. ITA - Performance Comparison
Returns By Period
In the year-to-date period, PRNT achieves a -9.51% return, which is significantly lower than ITA's 19.95% return.
PRNT
-9.51%
1.84%
0.77%
1.35%
-0.10%
N/A
ITA
19.95%
-2.51%
11.03%
30.21%
6.71%
11.54%
Key characteristics
| PRNT | ITA | |
|---|---|---|
| Sharpe Ratio | 0.16 | 2.10 |
| Sortino Ratio | 0.39 | 2.81 |
| Omega Ratio | 1.04 | 1.39 |
| Calmar Ratio | 0.06 | 4.40 |
| Martin Ratio | 0.29 | 13.68 |
| Ulcer Index | 11.88% | 2.31% |
| Daily Std Dev | 21.73% | 15.09% |
| Max Drawdown | -65.08% | -59.72% |
| Current Drawdown | -57.92% | -4.02% |
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PRNT vs. ITA - Expense Ratio Comparison
PRNT has a 0.66% expense ratio, which is higher than ITA's 0.42% expense ratio.
Correlation
The correlation between PRNT and ITA is 0.54, 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
PRNT vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK The 3D Printing ETF (PRNT) 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.
Dividends
PRNT vs. ITA - Dividend Comparison
PRNT has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.81%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNT ARK The 3D Printing ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.80% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
PRNT vs. ITA - Drawdown Comparison
The maximum PRNT drawdown since its inception was -65.08%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for PRNT and ITA. For additional features, visit the drawdowns tool.
Volatility
PRNT vs. ITA - Volatility Comparison
ARK The 3D Printing ETF (PRNT) and iShares U.S. Aerospace & Defense ETF (ITA) have volatilities of 7.38% and 7.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.