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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
6.6 B
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
Fund sponsor | Barclays Global Investors |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 01, 2006 |
Assets (mns) | $6,582 |
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 +
GE AEROSPACE | 17.9 % |
RTX CORP | 14.7 % |
LOCKHEED MARTIN CORP | 9.5 % |
AXON ENTERPRISE INC | 7.3 % |
HOWMET AEROSPACE INC. | 5.1 % |
BOEING CO | 4.9 % |
L3HARRIS TECHNOLOGIES INC | 4.4 % |
NORTHROP GRUMMAN CORP | 3.9 % |
GENERAL DYNAMICS CORP | 3.9 % |
TRANSDIGM GROUP INC | 3.9 % |
Constituent Breakdown
Number of holdings | 35 |
Herfindahl-Hirschman Index | 836 |
Wgt avg mkt cap (mns) | $100,739 |
Large cap (>$10bn) | 89.9% |
Mid cap ($2-10bn) | 9.0% |
Small cap (<$2bn) | 1.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 99.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 23.6% | 31.0% | 19.1% | 17.8% | 7.3% | 11.8% | 11.9% | Volatility | 14.5% | 14.2% | 15.4% | 18.9% | 27.2% | 22.2% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.75 | 46% |
MSCI EAFE | 0.75 | 46% |
MSCI Emg Mkts | 0.42 | 14% |
Liquidity Measures
Avg. volume (000) | 415 |
Turnover | 1.0% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $5,296 |
Technical Indicators
Recent close | $155.24 |
30d moving avg. | $150.62 |
Annualized volatility | 19.4% |
Relative strength (RSI) | 46 |
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)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. ITA |
Expenses vs. ITA |
ALTAR Score™ vs. ITA |
---|---|---|---|---|
XAR | SPDR S&P Aerospace & Defense ETF | 64.9% | -5 bp | -0.6% |
PPA | Invesco Aerospace & Defense ETF | 63.8% | +18 bp | -0.2% |
MISL | First Trust Indxx Aerospace & Defense ETF | 58.4% | +20 bp | +0.1% |
NATO | Themes Transatlantic Defense ETF | 51.6% | -5 bp | +0.5% |
SHLD | Global X Defense Tech ETF | 35.2% | +10 bp | +2.1% |
ROKT | SPDR S&P Kensho Final Frontiers ETF | 30.6% | +5 bp | -0.1% |
XLI | Industrial Select Sector SPDR Fund | 21.8% | -31 bp | +1.5% |
FTWO | Strive FAANG 2.0 ETF | 20.3% | +9 bp | +2.0% |
FIDU | Fidelity MSCI Industrial Index ETF | 19.6% | -32 bp | +1.9% |
FITE | SPDR S&P Kensho Future Security ETF | 19.1% | +5 bp | -0.4% |
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.
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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
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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 12/4/2024
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.
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ETF Research Center Rating
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.
ALTAR Score™
ITA
2.6%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 978 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. 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.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ITASELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
ITA (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
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. | 44.7 | 17.0 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .