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WAR vs. ITA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WAR vs. ITA

Last updated Aug 2, 2026
Documentation

WAR (U.S. Global Technology and Aerospace & Defense ETF) and ITA (iShares U.S. Aerospace & Defense ETF) are both Aerospace & Defense funds. WAR is actively managed, while ITA is passively managed. Their 0.38 correlation means their historical movements had little consistent relationship. WAR charges 0.60%/yr vs 0.38%/yr for ITA.

Performance

WAR vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

WAR

1D
0.10%
1M
-11.85%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

ITA

1D
0.64%
1M
-3.44%
6M
3.27%
YTD
11.78%
1Y
23.04%
3Y*
27.67%
5Y*
18.23%
10Y*
15.16%
ALL TIME*
12.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ITA

iShares U.S. Aerospace & Defense ETF
$175.85M$163.51M$181.04M

WAR

U.S. Global Technology and Aerospace & Defense ETF
$393.99K$600.52K$802.98K

WAR vs. ITA - Yearly Performance Comparison

2026 (YTD)
WAR
U.S. Global Technology and Aerospace & Defense ETF		-14.51%
ITA
iShares U.S. Aerospace & Defense ETF		6.42%

Correlation

The correlation between WAR and ITA is 0.38, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (All Time)
Calculated using the full available price history since May 26, 2026

0.38

WAR vs. ITA - Sectors Allocation Comparison

Sectors
WAR
ITA

Technology

54.5%
0.1%

Industrials

44.0%
97.7%

Financial Services

2.7%

-

Communication Services

1.4%

-

Basic Materials

-

2.1%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

WAR
54.5%
ITA
0.1%

Industrials

WAR
44.0%
ITA
97.7%

Financial Services

WAR
2.7%
ITA

-

Communication Services

WAR
1.4%
ITA

-

Basic Materials

WAR

-

ITA
2.1%

Consumer Cyclical

WAR

-

ITA

-

Consumer Defensive

WAR

-

ITA

-

Energy

WAR

-

ITA

-

Healthcare

WAR

-

ITA

-

Real Estate

WAR

-

ITA

-

Utilities

WAR

-

ITA

-

Compare stocks, funds, or ETFs

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

U.S. Global Technology and Aerospace & Defense ETF

iShares U.S. Aerospace & Defense ETF

Often compared with WAR:
WAR vs. ARKXWAR vs. UFOWAR vs. DRNZWAR vs. KDEFWAR vs. JETSWAR vs. NATOWAR vs. SHLD
Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. ARKXITA vs. VOOITA vs. FSDAXITA vs. XLI

Return for Risk

WAR vs. ITA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
WAR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ITA
ITA Risk / Return Rank: 4040
Overall Rank
ITA Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4242
Sortino Ratio Rank
ITA Omega Ratio Rank: 3838
Omega Ratio Rank
ITA Calmar Ratio Rank: 4141
Calmar Ratio Rank
ITA Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WAR vs. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) 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.

WARITADifference
Sharpe ratioReturn per unit of total volatility

—

1.01

—

Sortino ratioReturn per unit of downside risk

—

1.54

—

Omega ratioGain probability vs. loss probability

—

1.18

—

Calmar ratioReturn relative to maximum drawdown

—

1.43

—

Martin ratioReturn relative to average drawdown

—

3.61

—

WAR vs. ITA - Sharpe Ratio Comparison

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Drawdowns

WAR vs. ITA - Drawdown Comparison

The maximum WAR drawdown since its inception was -25.04%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for WAR and ITA.

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Drawdown Indicators

WARITADifference

Max Drawdown

Largest peak-to-trough decline

-25.04%

-59.72%

+34.68%

Max Drawdown (1Y)

Largest decline over 1 year

—

-15.82%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.82%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.72%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.00%

—

Current Drawdown

Current decline from peak

-19.88%

-4.43%

-15.45%

Average Drawdown

Average peak-to-trough decline

-10.62%

-9.42%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

6.25%

—

Volatility

WAR vs. ITA - Volatility Comparison

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Volatility by Period

WARITADifference

Volatility (1M)

Calculated over the trailing 1-month period

—

7.29%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

18.29%

—

Volatility (1Y)

Calculated over the trailing 1-year period

49.86%

22.49%

+27.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.86%

20.25%

+29.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.86%

23.29%

+26.57%

WAR vs. ITA - Expense Ratio Comparison

WAR has a 0.60% expense ratio, which is higher than ITA's 0.38% expense ratio.

Dividends

WAR vs. ITA - Dividend Comparison

WAR has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.44%.

PositionTTM20252024202320222021202020192018201720162015
ITA
iShares U.S. Aerospace & Defense ETF		0.44%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%
WAR
U.S. Global Technology and Aerospace & Defense ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WAR and ITA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ITA is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ITA is cheaper with a 0.38% expense ratio, compared with 0.60% for WAR.

ITA has the higher dividend yield at 0.44%, compared with 0.00% for WAR.

They also come from different issuers: US Global and iShares. Their fees differ too: 0.60% for WAR and 0.38% for ITA.

Portfolio Optimizer

Find the right allocation for WAR 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.

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