ITA
iShares U.S. Aerospace & Defense ETF
The iShares U.S. Aerospace & Defense Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Aerospace & Defense Index.
Fund Basics
Fund sponsor | Barclays Global Investors |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | May 01, 2006 |
Assets (mns) | $5,899 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
RAYTHEON TECHNOLOGIES CORPORATION | 18.8 % |
BOEING CO | 13.6 % |
LOCKHEED MARTIN CORP | 13.5 % |
GENERAL DYNAMICS CORP | 4.8 % |
TEXTRON INC | 4.6 % |
TRANSDIGM GROUP INC | 4.6 % |
NORTHROP GRUMMAN CORP | 4.6 % |
L3HARRIS TECHNOLOGIES INC | 4.3 % |
AXON ENTERPRISE INC | 4.2 % |
HOWMET AEROSPACE INC. | 4.2 % |
Constituent Breakdown
Number of holdings | 35 |
Herfindahl-Hirschman Index | 892 |
Wgt avg mkt cap (mns) | $76,433 |
Large cap (>$10bn) | 89.3% |
Mid cap ($2-10bn) | 8.5% |
Small cap (<$2bn) | 2.3% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 99.8 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
4.4% | 16.0% | 10.4% | 9.3% | 7.0% | 10.5% | 11.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.68 | 41% |
MSCI EAFE | 0.75 | 46% |
MSCI Emg Mkts | 0.45 | 18% |
Liquidity Measures
Avg. volume (000) | 507 |
Turnover | 1.1% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $4,454 |
Technical Indicators
Recent close | $128.51 |
30d moving avg. | $118.49 |
Annualized volatility | 18.7% |
Relative strength (RSI) | 80 |
Short interest (ETF) | 1.1% |
Short interest (underlying) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. ITA |
Expenses vs. ITA |
ALTAR Score™ vs. ITA |
---|---|---|---|---|
MISL | First Trust Indxx Aerospace & Defense ETF | 66.6% | +20 bp | +0.6% |
PPA | Invesco Aerospace & Defense ETF | 60.5% | +18 bp | +0.7% |
XAR | SPDR S&P Aerospace & Defense ETF | 58.8% | -5 bp | -4.0% |
SHLD | Global X Defense Tech ETF | 37.2% | +10 bp | +2.0% |
ROKT | SPDR S&P Kensho Final Frontiers ETF | 36.7% | +5 bp | -3.4% |
FITE | SPDR S&P Kensho Future Security ETF | 21.6% | +5 bp | +0.2% |
FTWO | Strive FAANG 2.0 ETF | 19.8% | +9 bp | +2.0% |
XLI | Industrial Select Sector SPDR Fund | 17.4% | -31 bp | +1.6% |
VIS | Vanguard Industrials ETF | 15.4% | -30 bp | +1.7% |
FIDU | Fidelity MSCI Industrial Index ETF | 14.8% | -32 bp | +1.9% |
Risk and Returns: ITA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ITA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ITA
2.8%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 2.8% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. ITA's ALTAR Score™ is approximately
1.1 standard deviations
below
the category average. This places ITA in the 13rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ITA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ITA | 40.0 | 2.7 | 42.7 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .