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iShares U.S. Aerospace & Defense ETF

ITA
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 01 2006
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$50,252,099
AUM
$5,580,651,897
Associated Index
Dow Jones US Select Aerospace & Defense Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

RTX
Raytheon Technologies Corporation
20.91%
BA
Boeing Co.
17.74%
LMT
Lockheed Martin Corp.
7.88%
TDG
Transdigm Group Incorporated
4.86%
HWM
Howmet Aerospace Inc
4.73%
NOC
Northrop Grumman Corp.
4.50%
GD
General Dynamics Corp.
4.32%
LHX
L3Harris Technologies Inc
4.06%
TXT
Textron Inc.
3.82%
AXON
Axon Enterprise Inc
3.82%
Invest with ITA

What is ITA?

The iShares Dow Jones 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.

ETFs related toITA

ETFs correlated to ITA include DFEN, PPA, XAR

ITA
BlackRock Institutional Trust Company N.A. - iShares U.S. Aerospace & Defense ETF
DFEN
Direxion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X Shares
PPA
Invesco Capital Management LLC - Invesco Aerospace & Defense ETF
XAR
SPDR Series Trust - SPDR S&P Aerospace & Defense ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
RGI
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toITA

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with ITA using Composer

FAQ

ITA is a US Equities ETF. The iShares Dow Jones 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.

ITA tracks the Dow Jones US Select Aerospace & Defense Index.

No, ITA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ITA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ITA is 0.003%. This is the percent change in the value of ITA over the most recent 1-month period. The 3-month return on ITA is -0.0406%. This is the percent change in the value of ITA over the most recent 3-month period.

The standard deviation of ITA for the past year is 0.2134%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ITA include XLY, XLK, and XLV.

ETFs correlated to ITA include DFEN, PPA, and XAR.

ETFs that are inversely correlated to ITA include DOG, SDOW, and DXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.