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.
Key characteristics
| ROKT | ITA | |
|---|---|---|
| YTD Return | 22.84% | 23.79% |
| 1Y Return | 39.02% | 39.45% |
| 3Y Return (Ann) | 10.12% | 13.87% |
| 5Y Return (Ann) | 10.17% | 7.73% |
| Sharpe Ratio | 2.41 | 2.68 |
| Sortino Ratio | 3.32 | 3.57 |
| Omega Ratio | 1.42 | 1.51 |
| Calmar Ratio | 3.68 | 5.49 |
| Martin Ratio | 13.27 | 17.54 |
| Ulcer Index | 2.98% | 2.25% |
| Daily Std Dev | 16.42% | 14.71% |
| Max Drawdown | -43.16% | -59.72% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ROKT and ITA is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ROKT vs. ITA - Performance Comparison
The year-to-date returns for both investments are quite close, with ROKT having a 22.84% return and ITA slightly higher at 23.79%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 0.56%, less than ITA's 0.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.56% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITA iShares U.S. Aerospace & Defense ETF | 0.79% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
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
The current volatility for SPDR S&P Kensho Final Frontiers ETF (ROKT) is 6.44%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 6.97%. This indicates that ROKT 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.