ROKT vs. ITA
Compare and contrast key facts about SPDR S&P Kensho Final Frontiers ETF (ROKT) and iShares U.S. Aerospace & Defense ETF (ITA).
ROKT and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROKT is a passively managed fund by State Street that tracks the performance of the S&P Kensho Final Frontiers Index. It was launched on Oct 22, 2018. 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 ROKT 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: ROKT or ITA.
Correlation
The correlation between ROKT and ITA is 0.67, 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.
Performance
ROKT vs. ITA - Performance Comparison
Key characteristics
ROKT:
0.90
ITA:
0.93
ROKT:
1.42
ITA:
1.37
ROKT:
1.19
ITA:
1.20
ROKT:
0.98
ITA:
1.36
ROKT:
3.34
ITA:
5.30
ROKT:
6.86%
ITA:
3.88%
ROKT:
25.42%
ITA:
22.28%
ROKT:
-43.16%
ITA:
-59.72%
ROKT:
-14.59%
ITA:
-2.99%
Returns By Period
In the year-to-date period, ROKT achieves a -7.31% return, which is significantly lower than ITA's 6.63% return.
ROKT
-7.31%
-4.50%
2.42%
22.55%
14.76%
N/A
ITA
6.63%
-1.53%
3.89%
20.94%
16.91%
10.85%
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ROKT vs. ITA - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is higher than ITA's 0.42% expense ratio.
Risk-Adjusted Performance
ROKT vs. ITA — Risk-Adjusted Performance Rank
ROKT
ITA
ROKT vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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
ROKT vs. ITA - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.65%, less than ITA's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.65% | 0.57% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
ITA iShares U.S. Aerospace & Defense ETF | 0.79% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% |
Drawdowns
ROKT vs. ITA - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for ROKT and ITA. For additional features, visit the drawdowns tool.
Volatility
ROKT vs. ITA - Volatility Comparison
SPDR S&P Kensho Final Frontiers ETF (ROKT) and iShares U.S. Aerospace & Defense ETF (ITA) have volatilities of 15.34% and 14.64%, 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.