ITA vs SPY
Comparison between ISHARES U.S. AEROSPACE & DEFENSE ETF (ITA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceITA has outperformed SPY, delivering a return of +16.7% compared to +13.3%
ITA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ITA
$14B
Winner
SPY
$652B
Expense Ratio
ITA
0.38%
Winner
SPY
0.09%
Max Drawdown
ITA
60.16%
Winner
SPY
56.47%
Sharpe Ratio
ITA
1.58
Winner
SPY
2.07
5Y Beta
Winner
ITA
0.88
SPY
1.00
P/E Ratio
ITA
49.96
Winner
SPY
28.24
Forward P/E
ITA
32.15
Winner
SPY
21.85
5Y Dividends CAGR
Winner
ITA
5.60%
SPY
5.43%
5Y EPS CAGR
ITA
10.43%
Winner
SPY
25.79%
Debt to Equity
ITA
112.72%
Winner
SPY
22.35%
P/S Ratio
Winner
ITA
3.32
SPY
3.55
P/B Ratio
ITA
6.49
Winner
SPY
5.29
ITA vs SPY - Holdings Comparison
ITA and SPY have 13 common holdings. Overlap is 2.06%
ITA's top 25 holdings weight is 95.89%. SPY's top 25 holdings weight is 51.32%.
| Rank | ITA | SPY |
|---|---|---|
| #1 | GE AEROSPACE (GE) - 19.20% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | RTX CORP (RTX) - 15.85% | APPLE INC (AAPL) - 6.48% |
| #3 | BOEING CO (BA) - 9.51% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | HOWMET AEROSPACE INC (HWM) - 4.71% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | TRANSDIGM GROUP INC (TDG) - 4.70% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | L3HARRIS TECHNOLOGIES INC (LHX) - 4.44% | BROADCOM INC (AVGO) - 3.09% |
| #7 | GENERAL DYNAMICS CORP (GD) - 4.35% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | NORTHROP GRUMMAN CORP (NOC) - 4.16% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | LOCKHEED MARTIN CORP (LMT) - 4.15% | TESLA INC (TSLA) - 1.73% |
| #10 | ROCKET LAB CORP (RKLB) - 3.35% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | AXON ENTERPRISE INC (AXON) - 2.53% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | CURTISS-WRIGHT CORP (CW) - 2.14% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | FTAI AVIATION LTD (FTAI) - 2.10% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | WOODWARD INC (WWD) - 1.87% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | CARPENTER TECHNOLOGY CORP (CRS) - 1.79% | WALMART INC (WMT) - 0.91% |
| #16 | ATI INC (ATI) - 1.77% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | BWX TECHNOLOGIES INC (BWXT) - 1.66% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | HEICO CORP CLASS A (HEI-A) - 1.37% | VISA INC CLASS A (V) - 0.85% |
| #19 | TEXTRON INC (TXT) - 1.27% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.22% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.03% | INTEL CORP (INTC) - 0.65% |
| #22 | HEICO CORP (HEI) - 0.94% | NETFLIX INC (NFLX) - 0.64% |
| #23 | MOOG INC CLASS A (MOG-A) - 0.72% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | HEXCEL CORP (HXL) - 0.54% | CHEVRON CORP (CVX) - 0.58% |
| #25 | VSE CORP (VSEC) - 0.52% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 47 | 505 |
ITA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ITA
-3.74%
Winner
SPY
+9.11%
3M
ITA
-4.77%
Winner
SPY
+6.59%
6M
ITA
+6.98%
Winner
SPY
+10.56%
1Y
Winner
ITA
+37.47%
SPY
+32.04%
5Y(CAGR)
Winner
ITA
+16.69%
SPY
+13.35%
10Y(CAGR)
ITA
+15.01%
Winner
SPY
+15.49%
Max(CAGR)
Winner
ITA
+12.55%
SPY
+8.50%
ITA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ITA | SPY |
|---|---|---|
| 2026 | +0.73% | +8.27% |
| 2025 | +49.15% | +18.00% |
| 2024 | +16.89% | +25.59% |
| 2023 | +14.74% | +26.72% |
| 2022 | +8.94% | -18.64% |
| 2021 | +14.09% | +30.52% |
| 2020 | -15.63% | +17.28% |
| 2019 | +30.00% | +31.09% |
| 2018 | -7.37% | -5.24% |
| 2017 | +33.47% | +20.78% |
| 2016 | +21.75% | +13.59% |
| 2015 | +4.34% | +1.31% |
| 2014 | +11.12% | +14.56% |
| 2013 | +53.34% | +29.00% |
| 2012 | +12.40% | +14.17% |
| 2011 | +4.08% | +0.85% |
| 2010 | +13.72% | +13.14% |
| 2009 | +20.90% | +22.67% |
| 2008 | -37.47% | -36.25% |
| 2007 | +27.52% | +5.32% |
| 2006 | +3.14% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
ITA vs SPY Drawdown Comparison
The maximum drawdown for ITA was -59.71%, occurring on Mar 9, 2009. Recovery took 1302 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ITA drawdown is -10.75%.
| Rank | ITA | SPY |
|---|---|---|
| #1 | -59.71% Oct 9, 2007 - Dec 10, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -51.00% Feb 12, 2020 - Feb 13, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -25.45% Oct 3, 2018 - Jul 12, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -17.17% Apr 10, 2015 - May 10, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -15.82% Mar 2, 2026 - Mar 30, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.17% Mar 25, 2025 - May 2, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.24% May 5, 2006 - Nov 14, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.52% Jul 11, 2023 - Nov 22, 2023 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.86% Jun 9, 2014 - Nov 24, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.44% Oct 27, 2025 - Dec 22, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.81% Nov 11, 2024 - Jan 23, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.79% Apr 19, 2018 - Jul 31, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.86% Feb 1, 2018 - Feb 26, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.81% Jul 19, 2007 - Sep 18, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.58% Jan 22, 2014 - Mar 4, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ITA and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
ITA vs SPY dividend yield comparison.
| Year | ITA | SPY |
|---|---|---|
| 2026 | 0.07% | 0.24% |
| 2025 | 0.55% | 1.07% |
| 2024 | 0.85% | 1.21% |
| 2023 | 0.93% | 1.40% |
| 2022 | 0.95% | 1.65% |
| 2021 | 0.82% | 1.20% |
| 2020 | 1.07% | 1.52% |
| 2019 | 1.54% | 1.75% |
| 2018 | 1.13% | 2.04% |
| 2017 | 0.91% | 1.80% |
| 2016 | 1.07% | 2.03% |
| 2015 | 1.04% | 2.06% |
| 2014 | 1.21% | 1.87% |
| 2013 | 1.13% | 1.81% |
| 2012 | 2.03% | 2.18% |
| 2011 | 1.10% | 2.05% |
| 2010 | 0.90% | 1.80% |
| 2009 | 1.32% | 1.95% |
| 2008 | 1.12% | 3.02% |
| 2007 | 0.38% | 1.85% |
| 2006 | 0.30% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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