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SPYG vs. ITA
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPYG vs. ITA

Last updated Apr 2, 2026

Compare and contrast key facts about State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) and iShares U.S. Aerospace & Defense ETF (ITA).

SPYG and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. 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 SPYG 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.

Performance

SPYG vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

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SPYG vs. ITA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		-6.91%22.09%35.99%30.02%-29.41%32.01%33.46%30.84%-0.12%27.24%
ITA
iShares U.S. Aerospace & Defense ETF		4.24%48.64%15.81%14.33%9.96%9.39%-13.57%30.51%-7.22%35.24%

Returns By Period

In the year-to-date period, SPYG achieves a -6.91% return, which is significantly lower than ITA's 4.24% return. Both investments have delivered pretty close results over the past 10 years, with SPYG having a 15.90% annualized return and ITA not far behind at 15.49%.

SPYG

1D
1.32%
1M
-4.24%
YTD
-6.91%
6M
-5.21%
1Y
23.24%
3Y*
22.39%
5Y*
12.53%
10Y*
15.90%

ITA

1D
2.24%
1M
-10.69%
YTD
4.24%
6M
6.95%
1Y
45.80%
3Y*
25.76%
5Y*
17.41%
10Y*
15.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street SPDR Portfolio S&P 500 Growth ETF

iShares U.S. Aerospace & Defense ETF

Often compared with SPYG:
SPYG vs. SPYSPYG vs. SCHGSPYG vs. VOOSPYG vs. VUGSPYG vs. VOOGSPYG vs. SPYVSPYG vs. XLK
Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. VOOITA vs. ARKXITA vs. FSDAXITA vs. DFEN

SPYG vs. ITA - Expense Ratio Comparison

SPYG has a 0.04% expense ratio, which is lower than ITA's 0.42% expense ratio.

ITA
iShares U.S. Aerospace & Defense ETF
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF

Return for Risk

SPYG vs. ITA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYG
SPYG Risk / Return Rank: 6262
Overall Rank
SPYG Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SPYG Sortino Ratio Rank: 6161
Sortino Ratio Rank
SPYG Omega Ratio Rank: 6060
Omega Ratio Rank
SPYG Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPYG Martin Ratio Rank: 6565
Martin Ratio Rank
ITA
ITA Risk / Return Rank: 8989
Overall Rank
ITA Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 9090
Sortino Ratio Rank
ITA Omega Ratio Rank: 8787
Omega Ratio Rank
ITA Calmar Ratio Rank: 8989
Calmar Ratio Rank
ITA Martin Ratio Rank: 8888
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.

SPYG vs. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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.

SPYGITADifference

Sharpe ratio

Return per unit of total volatility

1.04

1.97

-0.93

Sortino ratio

Return per unit of downside risk

1.62

2.60

-0.98

Omega ratio

Gain probability vs. loss probability

1.23

1.37

-0.14

Calmar ratio

Return relative to maximum drawdown

1.75

2.96

-1.21

Martin ratio

Return relative to average drawdown

6.81

11.32

-4.51

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

SPYG vs. ITA - Sharpe Ratio Comparison

The current SPYG Sharpe Ratio is 1.04, which is lower than the ITA Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of SPYG and ITA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPYGITADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

1.97

-0.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.89

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.78

0.68

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.51

-0.19

Correlation

The correlation between SPYG and ITA is 0.69, 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.

Dividends

SPYG vs. ITA - Dividend Comparison

SPYG's dividend yield for the trailing twelve months is around 0.57%, more than ITA's 0.48% yield.

TTM20252024202320222021202020192018201720162015
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		0.57%0.52%0.60%1.15%1.03%0.62%0.90%1.37%1.51%1.41%1.55%1.57%
ITA
iShares U.S. Aerospace & Defense ETF		0.48%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%

Drawdowns

SPYG vs. ITA - Drawdown Comparison

The maximum SPYG drawdown since its inception was -67.63%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for SPYG and ITA.

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Drawdown Indicators

SPYGITADifference

Max Drawdown

Largest peak-to-trough decline

-67.63%

-59.72%

-7.91%

Max Drawdown (1Y)

Largest decline over 1 year

-13.76%

-15.82%

+2.06%

Max Drawdown (5Y)

Largest decline over 5 years

-32.67%

-18.72%

-13.95%

Max Drawdown (10Y)

Largest decline over 10 years

-32.67%

-51.00%

+18.33%

Current Drawdown

Current decline from peak

-9.06%

-10.69%

+1.63%

Average Drawdown

Average peak-to-trough decline

-24.48%

-9.45%

-15.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.55%

4.14%

-0.59%

Volatility

SPYG vs. ITA - Volatility Comparison

The current volatility for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is 7.32%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 8.22%. This indicates that SPYG 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.

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Volatility by Period

SPYGITADifference

Volatility (1M)

Calculated over the trailing 1-month period

7.32%

8.22%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

12.90%

16.06%

-3.16%

Volatility (1Y)

Calculated over the trailing 1-year period

22.42%

23.37%

-0.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.13%

19.70%

+1.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.57%

22.95%

-2.38%