XAR vs. ITA
Compare and contrast key facts about SPDR S&P Aerospace & Defense ETF (XAR) and iShares U.S. Aerospace & Defense ETF (ITA).
XAR and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. 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 XAR 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: XAR or ITA.
Performance
XAR vs. ITA - Performance Comparison
Returns By Period
In the year-to-date period, XAR achieves a 26.12% return, which is significantly higher than ITA's 21.49% return. Over the past 10 years, XAR has outperformed ITA with an annualized return of 13.41%, while ITA has yielded a comparatively lower 11.61% annualized return.
XAR
26.12%
5.70%
20.48%
36.00%
9.81%
13.41%
ITA
21.49%
1.59%
14.41%
30.84%
6.94%
11.61%
Key characteristics
| XAR | ITA | |
|---|---|---|
| Sharpe Ratio | 2.12 | 2.10 |
| Sortino Ratio | 2.86 | 2.81 |
| Omega Ratio | 1.37 | 1.40 |
| Calmar Ratio | 5.23 | 4.42 |
| Martin Ratio | 12.98 | 13.61 |
| Ulcer Index | 2.80% | 2.33% |
| Daily Std Dev | 17.14% | 15.08% |
| Max Drawdown | -46.37% | -59.72% |
| Current Drawdown | -0.68% | -2.79% |
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XAR vs. ITA - Expense Ratio Comparison
XAR has a 0.35% expense ratio, which is lower than ITA's 0.42% expense ratio.
Correlation
The correlation between XAR and ITA is 0.90, 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.
Risk-Adjusted Performance
XAR vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) 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
XAR vs. ITA - Dividend Comparison
XAR's dividend yield for the trailing twelve months is around 0.51%, less than ITA's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 0.51% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
ITA iShares U.S. Aerospace & Defense ETF | 0.80% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
Drawdowns
XAR vs. ITA - Drawdown Comparison
The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for XAR and ITA. For additional features, visit the drawdowns tool.
Volatility
XAR vs. ITA - Volatility Comparison
SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 7.78% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 6.88%. This indicates that XAR's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.