iShares U.S. Aerospace & Defense ETF (ITA)

Market Price (7/25/2026): $240.0

iShares U.S. Aerospace & Defense ETF (ITA)

Market Price (7/25/2026): $240.0

Key Takeaways

ITA has returned +11.9% YTD vs +8.7% for SPY; +22.5% over the past 12 months (SPY +17.5%). details →
Priced in gold, ITA has returned +3.7% over the past 3 years, vs +114.1% in dollars. details →
Over the past month, ITA has seen net outflows of −$35M (−0.3% of assets). details →
ITA's portfolio trades at 32.7x forward earnings — a 349% premium to SPY (7.3x). details →
ITA's top 10 holdings represent 77% of the fund vs 38% for SPY — a more concentrated portfolio. details →

Last updated: 7/24/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with ITA

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+12.1%

Volatility

13.7%

Sharpe

0.71

YTD

+7.7%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	ITA	25.0%	0.8%	4.1%	1.7%	11.9%
Bond	BND	50.0%	0.1%	-0.8%	-1.4%	-0.4%
Gold	GLD	10.0%	0.1%	0.9%	1.6%	-6.2%
Commodity	DBC	2.5%	-0.7%	3.9%	13.8%	34.6%
Real Estate	VNQ	5.0%	2.1%	0.8%	3.9%	16.2%
Bitcoin	BTCUSD	0.0%	-0.1%	1.7%	6.5%	-25.7%
Cash	GOVT	7.5%	0.1%	-0.7%	-1.5%	-0.9%
Conservative Portfolio		100.0%	0.4%	0.8%	0.3%	3.8%

	ETF	%	1D	1W	1M	YTD
Equity	ITA	55.0%	0.8%	4.1%	1.7%	11.9%
Bond	BND	25.0%	0.1%	-0.8%	-1.4%	-0.4%
Gold	GLD	7.0%	0.1%	0.9%	1.6%	-6.2%
Commodity	DBC	4.0%	-0.7%	3.9%	13.8%	34.6%
Real Estate	VNQ	5.0%	2.1%	0.8%	3.9%	16.2%
Bitcoin	BTCUSD	2.0%	-0.1%	1.7%	6.5%	-25.7%
Cash	GOVT	2.0%	0.1%	-0.7%	-1.5%	-0.9%
Moderate Portfolio		100.0%	0.5%	2.3%	1.5%	7.7%

	ETF	%	1D	1W	1M	YTD
Equity	ITA	80.0%	0.8%	4.1%	1.7%	11.9%
Bond	BND	5.0%	0.1%	-0.8%	-1.4%	-0.4%
Gold	GLD	3.0%	0.1%	0.9%	1.6%	-6.2%
Commodity	DBC	2.2%	-0.7%	3.9%	13.8%	34.6%
Real Estate	VNQ	4.5%	2.1%	0.8%	3.9%	16.2%
Bitcoin	BTCUSD	5.2%	-0.1%	1.7%	6.5%	-25.7%
Cash	GOVT	0.0%	0.1%	-0.7%	-1.5%	-0.9%
Aggressive Portfolio		100.0%	0.7%	3.5%	2.1%	9.5%

	ETF	%	Return	Volatility	Sharpe
Equity	ITA	25.0%	15.1%	21.3%	0.64
Bond	BND	50.0%	1.4%	5.2%	-0.24
Gold	GLD	10.0%	11.3%	15.0%	0.61
Commodity	DBC	2.5%	7.2%	17.6%	0.30
Real Estate	VNQ	5.0%	5.2%	17.6%	0.23
Bitcoin	BTCUSD	0.0%	58.3%	76.3%	0.91
Cash	GOVT	7.5%	0.3%	4.9%	-0.45
Conservative Portfolio		100.0%	6.5%	8.0%	0.49

	ETF	%	Return	Volatility	Sharpe
Equity	ITA	55.0%	15.1%	21.3%	0.64
Bond	BND	25.0%	1.4%	5.2%	-0.24
Gold	GLD	7.0%	11.3%	15.0%	0.61
Commodity	DBC	4.0%	7.2%	17.6%	0.30
Real Estate	VNQ	5.0%	5.2%	17.6%	0.23
Bitcoin	BTCUSD	2.0%	58.3%	76.3%	0.91
Cash	GOVT	2.0%	0.3%	4.9%	-0.45
Moderate Portfolio		100.0%	12.1%	13.7%	0.71

	ETF	%	Return	Volatility	Sharpe
Equity	ITA	80.0%	15.1%	21.3%	0.64
Bond	BND	5.0%	1.4%	5.2%	-0.24
Gold	GLD	3.0%	11.3%	15.0%	0.61
Commodity	DBC	2.2%	7.2%	17.6%	0.30
Real Estate	VNQ	4.5%	5.2%	17.6%	0.23
Bitcoin	BTCUSD	5.2%	58.3%	76.3%	0.91
Cash	GOVT	0.0%	0.3%	4.9%	-0.45
Aggressive Portfolio		100.0%	17.3%	19.3%	0.79

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	ITA	25.0%	-10.0%	-48.2%	-24.3%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-12.3%	-16.1%	-5.8%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	ITA	55.0%	-10.0%	-48.2%	-24.3%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-11.7%	-31.1%	-14.7%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	ITA	80.0%	-10.0%	-48.2%	-24.3%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-12.8%	-43.0%	-22.1%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	7/31/27	7/25/26	2025	2024	2023	2022	2021
Share Price CYE		$240.14	$214.55	$144.34	$124.63	$109.01	$99.13
Dividend/Share TTM		$0.90	$1.18	$1.23	$1.17	$1.06	$0.84
Valuation [1]
P/S	3.12	3.45	3.29	2.40	2.14	2.11	1.94
P/E		40.06	41.05	34.74	30.07	34.14	33.27
P/E (Non-GAAP) [2]	32.74	39.90	39.35	31.13	37.24	34.08	32.68
P/FCF		42.56	56.64	91.33	36.79	43.43	81.83
Yields TTM
Earnings Yield	3.05%	2.50%	2.44%	2.88%	3.33%	2.93%	3.01%
Dividend Yield	0.38%	0.38%	0.55%	0.85%	0.94%	0.97%	0.85%
Total Yield (TY)	3.43%	2.87%	2.98%	3.73%	4.27%	3.90%	3.86%
Risk Premium [3]
Risk Free Rate (Rf)	4.71%	4.71%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	-1.28%	-1.84%	-1.20%	-0.85%	0.39%	0.02%	2.34%
Growth Rates [6]
Sales Growth	9.7%	7.4%	9.4%	6.1%	13.8%	-6.2%
Earnings Growth [7]	21.5%	58.9%	20.8%	-15.3%	94.0%	142.2%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

ITA's earnings yield is 2.50%, based on its 40.1x trailing P/E. With a 0.38% dividend yield, ITA is yielding 2.87% in total.

RISK

Compared to US Treasuries at 4.71%, ITA's total yield implies a -1.84% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, ITA's forward total yield is 3.43%, implying a -1.28% risk premium assuming stable Treasury rates.

Top 20 Holdings for ITA

Total Weights
Top 5: 56.7% | Top 10: 76.7% | Top 20: 93.1%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.82%	100.00%	100.00%	3.1	32.7	+9.7%	+21.5%
Top 20		93.13%	90.64%	95.22%	3.2	32.8	+9.5%	+21.6%
GE	GE Aerospace	21.97%	10.46%	21.51%	6.9	39.5	+10.6%	+20.6%
RTX	RTX	15.94%	17.94%	17.23%	2.9	28.6	+7.4%	+9.0%
BA	Boeing	9.25%	17.87%	5.10%	1.6	64.2	+14.5%	+698.2%
HWM	Howmet Aerospace	4.76%	1.23%	2.87%	11.0	50.7	+13.2%	+14.7%
GD	General Dynamics	4.74%	8.44%	7.90%	1.8	21.8	+4.5%	+8.7%
TDG	TransDigm	4.45%	2.03%	5.17%	6.4	27.2	+9.4%	+17.4%
LMT	Lockheed Martin	4.29%	8.52%	8.07%	1.6	18.6	+5.4%	+6.9%
NOC	Northrop Grumman	4.19%	8.07%	9.82%	1.7	18.2	+6.9%	+4.0%
LHX	L3Harris Technologies	3.90%	5.41%	4.84%	2.3	23.7	+8.0%	+16.9%
AXON	Axon Enterprise	3.22%	0.82%	0.66%	9.4	46.5	+29.3%	+15.8%
RKLB	Rocket Lab	2.53%	0.15%	—	34.3	—	+39.4%	—
CRS	Carpenter Technology	2.03%	0.70%	1.29%	8.6	47.6	+8.9%	+19.5%
CW	Curtiss-Wright	1.95%	0.88%	1.44%	7.0	45.5	+8.1%	+10.3%
ATI	ATI	1.86%	1.10%	1.18%	5.1	39.0	+9.7%	+16.0%
WWD	Woodward	1.73%	0.96%	1.43%	5.4	38.7	+8.9%	+14.0%
FTAI	FTAI Aviation	1.54%	0.68%	1.50%	4.6	22.3	+54.1%	+77.0%
HEI-A	Heico	1.43%	0.50%	0.93%	8.6	51.2	+10.2%	+13.2%
BWXT	BWX Technologies	1.17%	0.86%	1.01%	4.0	34.8	+9.5%	+10.1%
TXT	Textron	1.16%	3.66%	2.61%	1.1	13.3	+3.5%	+14.1%
HEI	Heico	1.02%	0.36%	0.66%	8.6	51.2	+10.2%	+13.2%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 7/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 7/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for ITA Top Holdings

Ticker	Holding	Weight	Mkt Price 7/24	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
ITA	iShares U.S. Aerospace & Defense ETF	100.00%	240.14	0.8%	1.7%	11.9%	22.5%	114.1%	133.4%	302.8%
GE	GE Aerospace	21.97%	353.73	1.4%	-3.2%	15.1%	32.7%	284.5%	466.8%	159.5%
RTX	RTX	15.94%	212.79	1.7%	15.0%	16.9%	39.3%	160.3%	176.8%	324.0%
BA	Boeing	9.25%	209.52	0.1%	-4.9%	-3.5%	-9.4%	-2.1%	-5.4%	70.3%
HWM	Howmet Aerospace	4.76%	289.26	0.8%	4.8%	41.2%	55.2%	481.0%	806.5%	1,139.3%
GD	General Dynamics	4.74%	386.75	1.3%	12.8%	16.4%	25.2%	88.3%	123.9%	232.4%
TDG	TransDigm	4.45%	1,236.71	1.9%	-6.5%	-7.0%	-17.4%	61.9%	129.8%	613.6%
LMT	Lockheed Martin	4.29%	582.60	2.5%	18.5%	21.9%	42.3%	39.0%	75.1%	197.9%
NOC	Northrop Grumman	4.19%	542.24	1.6%	7.8%	-4.2%	-3.1%	24.7%	62.7%	191.5%
LHX	L3Harris Technologies	3.90%	300.21	0.2%	4.5%	3.0%	11.7%	58.0%	45.9%	319.7%
AXON	Axon Enterprise	3.22%	502.34	2.1%	10.0%	-11.5%	-29.2%	179.0%	174.5%	1,652.8%
RKLB	Rocket Lab	2.53%	63.91	-8.7%	-25.2%	-8.4%	32.8%	738.7%	493.4%
CRS	Carpenter Technology	2.03%	603.69	0.4%	3.9%	91.9%	121.8%	983.2%	1,600.5%	1,692.5%
CW	Curtiss-Wright	1.95%	750.19	0.0%	-1.7%	36.2%	57.0%	290.6%	553.8%	804.5%
ATI	ATI	1.86%	197.80	-1.0%	0.1%	72.4%	112.1%	327.4%	896.5%	1,005.0%
WWD	Woodward	1.73%	419.00	1.7%	-3.2%	38.8%	64.8%	254.5%	262.0%	666.8%
FTAI	FTAI Aviation	1.54%	215.98	-0.4%	-20.6%	10.1%	98.0%	574.2%	921.0%	4,016.8%
HEI-A	Heico	1.43%	253.40	1.8%	3.1%	0.5%	0.9%	78.0%	105.5%	637.1%
BWXT	BWX Technologies	1.17%	174.52	-1.2%	-15.1%	1.2%	22.0%	155.9%	220.2%	436.7%
TXT	Textron	1.16%	95.53	2.5%	10.4%	9.6%	18.1%	40.6%	41.2%	144.8%
HEI	Heico	1.02%	349.61	2.7%	4.3%	8.1%	9.2%	94.4%	158.4%	921.2%

Guidance Updates for ITA Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
HWM_5072026	HWM	Howmet Aerospace	5/7/2026	2026 Revenue	9.65 Bil	6.0%	RaisedRaised Prior Guidance of 9.10 Bil for 2026
RKLB_5072026	RKLB	Rocket Lab	5/7/2026	Q2 2026 Revenue	232.50 Mil	20.8%	Higher NewNew Guidance Higher than Prior Actual of 192.50 Mil for Q1 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
ITA Return	9%	10%	14%	16%	49%	11%	163%
Peers Return	27%	-13%	31%	10%	30%	44%	200%
S&P 500 Return	27%	-19%	24%	23%	16%	8%	97%
Monthly Win Rates [3]
ITA Win Rate	50%	42%	67%	58%	75%	57%
Peers Win Rate	60%	50%	55%	55%	65%	69%
S&P 500 Win Rate	75%	42%	67%	75%	67%	43%
Max Drawdowns [4]
ITA Max Drawdown	-15%	-19%	-13%	-9%	-15%	-16%
Peers Max Drawdown	-22%	-40%	-20%	-21%	-29%	-15%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMH, SOXX, IBB, XBI, XOP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/24/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
ITA	1.11	1.17	0.75
Equity Top Results (3Y)
NUSC	2.47	2.47	2.47
IALT	2.09	2.09	2.09
SPMO	1.67	1.65	0.98
VLUE	2.90	1.45	0.74
SMH	2.40	1.41	0.98

Results as of 6302026.

Event	ITA	S&P 500
2025 US Tariff Shock
% Loss	-12.2%	-18.8%
% Gain to Breakeven	13.9%	23.1%
Time to Breakeven	21 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-11.4%	-24.5%
% Gain to Breakeven	12.9%	32.4%
Time to Breakeven	24 days	427 days
2020 COVID-19 Crash
% Loss	-50.2%	-33.7%
% Gain to Breakeven	100.8%	50.9%
Time to Breakeven	1044 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-25.5%	-19.2%
% Gain to Breakeven	34.3%	23.8%
Time to Breakeven	200 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-14.6%	-12.2%
% Gain to Breakeven	17.1%	13.9%
Time to Breakeven	71 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-21.0%	-17.9%
% Gain to Breakeven	26.5%	21.8%
Time to Breakeven	162 days	123 days

Compare to SMH, SOXX, IBB, XBI, XOP

In The Past

iShares U.S. Aerospace & Defense ETF's stock fell -12.2% during the 2025 US Tariff Shock. Such a loss loss requires a 13.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	ITA	S&P 500
2020 COVID-19 Crash
% Loss	-50.2%	-33.7%
% Gain to Breakeven	100.8%	50.9%
Time to Breakeven	1044 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-25.5%	-19.2%
% Gain to Breakeven	34.3%	23.8%
Time to Breakeven	200 days	105 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-21.0%	-17.9%
% Gain to Breakeven	26.5%	21.8%
Time to Breakeven	162 days	123 days
2008-2009 Global Financial Crisis
% Loss	-58.6%	-53.4%
% Gain to Breakeven	141.7%	114.4%
Time to Breakeven	1066 days	1085 days

Compare to SMH, SOXX, IBB, XBI, XOP

In The Past

iShares U.S. Aerospace & Defense ETF's stock fell -12.2% during the 2025 US Tariff Shock. Such a loss loss requires a 13.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

ITA Dip Buy History

ITA had 24 events since 6/4/2007 where the dip threshold of -5.0% within 60 days was triggered

20% median peak return within 1 year of dip event
304 days is the median time to peak return after a dip event
-6.9% median max drawdown within 1 year of dip event

60 Day Dip			ITA Subsequent Performance
Date	ITA	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			16%	20%	-7%	304
4212026	-5%	2%			-4%	76
4042025	-6%	-14%	71%	86%	0%	332
1102025	-5%	-0%	69%	69%	-7%	371
9122023	-5%	1%	32%	36%	-6%	353
5122023	-5%	-0%	23%	23%	-7%	363
9012022	-6%	-4%	15%	19%	-9%	313
5092022	-6%	-11%	14%	20%	-7%	298
1272022	-6%	-6%	16%	16%	-7%	309
11262021	-5%	2%	11%	14%	-8%	349
8262021	-5%	7%	0%	8%	-10%	211
10282020	-6%	-1%	41%	52%	0%	223
8312020	-10%	10%	28%	36%	-10%	281
2252020	-7%	0%	-5%	0%	-45%	0
10242018	-6%	-5%	13%	20%	-16%	329
4302018	-6%	-6%	9%	13%	-16%	156
1202016	-7%	-9%	34%	37%	-4%	322
8212015	-7%	-7%	17%	17%	-9%	360
10132014	-6%	-5%	14%	25%	0%	179
7312014	-5%	4%	16%	23%	-1%	253
5152012	-5%	-2%	31%	31%	-5%	367
8022011	-8%	-6%	6%	15%	-14%	237
6012010	-6%	-5%	25%	27%	-6%	345
6252008	-7%	-3%	-27%	6%	-49%	51
1022008	-6%	-7%	-37%	1%	-50%	1

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 7/24/2026

ITA had 14 events since 6/4/2007 where the dip threshold of -10% within 90 days was triggered

22% median peak return within 1 year of dip event
264 days is the median time to peak return after a dip event
-7.2% median max drawdown within 1 year of dip event

90 Day Dip			ITA Subsequent Performance
Date	ITA	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			19%	22%	-7%	264
4042025	-11%	-14%	71%	86%	0%	332
10142022	-12%	-13%	19%	28%	0%	270
6172022	-10%	-18%	25%	26%	-3%	259
12012021	-11%	2%	18%	19%	-4%	344
10132020	-13%	11%	33%	40%	-8%	238
3062020	-10%	-1%	2%	5%	-40%	355
12072018	-12%	-6%	25%	29%	-11%	343
8242015	-11%	-9%	20%	21%	-6%	357
11232011	-11%	-12%	19%	22%	0%	124
8042011	-11%	-8%	14%	22%	-9%	235
7162010	-11%	-6%	28%	35%	-2%	356
9042008	-11%	-11%	-21%	1%	-50%	4
6262008	-11%	-4%	-25%	9%	-48%	50
2052008	-11%	-11%	-35%	7%	-46%	104

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 7/24/2026

ITA had 3 events since 6/4/2007 where the dip threshold of -20% within 180 days was triggered

8.9% median peak return within 1 year of dip event
50 days is the median time to peak return after a dip event
-45% median max drawdown within 1 year of dip event

180 Day Dip			ITA Subsequent Performance
Date	ITA	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-7%	9%	-45%	50
3112020	-22%	-6%	25%	25%	-29%	365
9172008	-22%	-19%	-7%	5%	-45%	2
6262008	-23%	-17%	-25%	9%	-48%	50

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 7/24/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
XLG	Invesco S&P 500 Top 50 ETF	-7.1%	59.98	7242026	64.59	6012026	53
MAGS	Roundhill Magnificent Seven ETF	-11.0%	63.15	7242026	70.94	5142026	71
QQQ	Invesco QQQ Trust, Series 1	-8.3%	684.23	7242026	746.16	6022026	52
QQQM	Invesco NASDAQ 100 ETF	-8.3%	281.68	7242026	307.23	6022026	52
ONEQ	Fidelity Nasdaq Composite Index ETF	-7.8%	98.35	7242026	106.70	6022026	52
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-6.7%	151.03	7242026	161.85	6012026	53
SCHM	Schwab U.S. Mid-Cap ETF	-5.1%	34.99	7242026	36.87	6302026	24
SCHA	Schwab U.S. Small-Cap ETF	-6.1%	33.93	7242026	36.13	6302026	24
VUG	Vanguard Growth ETF	-7.4%	83.48	7242026	90.19	6012026	53
IWF	iShares Russell 1000 Growth ETF	-8.6%	117.65	7242026	128.77	6012026	53
IVW	iShares S&P 500 Growth ETF	-6.2%	132.83	7242026	141.59	6012026	53
SCHG	Schwab U.S. Large-Cap Growth ETF	-5.2%	33.46	7242026	35.30	6012026	53
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-6.2%	114.96	7242026	122.60	6012026	53
VONG	Vanguard Russell 1000 Growth ETF	-8.5%	121.16	7242026	132.35	6012026	53
MGK	Vanguard Mega Cap Growth ETF	-7.8%	84.81	7242026	91.97	6012026	53
AKRE	Akre Focus ETF	-12.5%	54.67	7242026	62.51	1262026	179
IWP	iShares Russell Mid-Cap Growth ETF	-6.6%	136.73	7242026	146.41	6302026	24
IWO	iShares Russell 2000 Growth ETF	-6.0%	370.23	7242026	393.96	6302026	24
VBK	Vanguard Small-Cap Growth ETF	-6.6%	341.70	7242026	365.70	6302026	24
CORO	iShares International Country Rotation Active ETF	-5.4%	35.31	7242026	37.32	6222026	32
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-7.1%	150.38	7242026	161.79	5112026	74
SCHC	Schwab International Small-Cap Equity ETF	-6.8%	48.04	7242026	51.54	3012026	145
IEMG	iShares Core MSCI Emerging Markets ETF	-10.4%	77.05	7242026	86.00	6222026	32
VWO	Vanguard FTSE Emerging Markets ETF	-5.6%	57.80	7242026	61.24	6222026	32
EEM	iShares MSCI Emerging Markets ETF	-11.1%	63.33	7242026	71.21	6222026	32
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-6.0%	50.16	7242026	53.39	6022026	52
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-7.9%	34.36	7242026	37.30	6222026	32
EWY	iShares MSCI South Korea ETF	-25.7%	162.96	7242026	219.20	6212026	33
EWZ	iShares MSCI Brazil ETF	-14.4%	35.73	7242026	41.73	4142026	101
FXI	iShares China Large-Cap ETF	-15.2%	34.58	7242026	40.78	1292026	176
ILF	iShares Latin America 40 ETF	-9.1%	34.64	7242026	38.10	4142026	101
KWEB	KraneShares CSI China Internet ETF	-27.6%	26.29	7242026	36.29	1292026	176
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-5.7%	57.96	7242026	61.46	6302026	24
QQQI	NEOS Nasdaq 100 High Income ETF	-6.5%	52.73	7242026	56.38	6022026	52
MTUM	iShares MSCI USA Momentum Factor ETF	-11.2%	306.39	7242026	345.22	6222026	32
SPHQ	Invesco S&P 500 Quality ETF	-5.9%	84.80	7242026	90.10	6302026	24
SPMO	Invesco S&P 500 Momentum ETF	-9.4%	146.51	7242026	161.66	6222026	32
ARKK	ARK Innovation ETF	-14.0%	71.89	7242026	83.61	7062026	18
URA	Global X Uranium ETF	-35.5%	39.89	7242026	61.81	1282026	177
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-18.7%	33.83	7242026	41.63	5132026	72
ROBO	ROBO Global Robotics & Automation Index ETF	-13.8%	77.83	7242026	90.34	6022026	52
LIT	Global X Lithium & Battery Tech ETF	-26.0%	67.81	7242026	91.62	5112026	74
ICLN	iShares Global Clean Energy ETF	-25.1%	17.78	7242026	23.75	6022026	52
ARKQ	ARK Autonomous Technology & Robotics ETF	-20.7%	114.02	7242026	143.82	5282026	57
ARKW	ARK Next Generation Internet ETF	-11.3%	136.74	7242026	154.18	6012026	53
ARKX	ARK Space & Defense Innovation ETF	-19.5%	30.37	7242026	37.74	5282026	57
NASA	Tema Space Innovators ETF	-47.1%	22.14	7242026	41.89	5272026	58
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-13.1%	18.54	7242026	21.34	7062026	18
AGIX	KraneShares Artificial Intelligence ETF	-15.5%	41.75	7242026	49.40	6012026	53
DRSK	Aptus Defined Risk ETF	-5.1%	28.15	7242026	29.67	6012026	53
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-13.9%	60.62	7242026	70.39	5112026	74
RAAX	VanEck Real Assets ETF	-6.0%	40.12	7242026	42.70	5112026	74
VGT	Vanguard Information Technology ETF	-9.8%	113.30	7242026	125.62	6022026	52
XLK	State Street Technology Select Sector SPDR ETF	-11.3%	175.88	7242026	198.21	6022026	52
XLC	State Street Communication Services Select Sector SPDR ETF	-11.2%	106.30	7242026	119.70	2012026	173
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-11.0%	109.41	7242026	122.88	1252026	180
XLP	State Street Consumer Staples Select Sector SPDR ETF	-6.0%	84.13	7242026	89.51	3012026	145
IYM	iShares U.S. Basic Materials ETF	-5.6%	178.50	7242026	189.08	3022026	144
SMH	VanEck Semiconductor ETF	-16.1%	561.19	7242026	668.91	6222026	32
SOXX	iShares Semiconductor ETF	-19.5%	527.01	7242026	655.01	6222026	32
IBB	iShares Biotechnology ETF	-5.1%	188.14	7242026	198.23	7072026	17
XBI	State Street SPDR S&P Biotech ETF	-8.4%	150.48	7242026	164.28	7092026	15
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-7.5%	174.05	7242026	188.18	3292026	117
IGV	iShares Expanded Tech-Software Sector ETF	-18.3%	87.98	7242026	107.70	6012026	53
MISL	First Trust Indxx Aerospace & Defense ETF	-14.2%	43.48	7242026	50.66	3022026	144
RING	iShares MSCI Global Gold Miners ETF	-35.1%	64.49	7242026	99.42	3012026	145
SOXQ	Invesco PHLX Semiconductor ETF	-19.2%	93.04	7242026	115.11	6222026	32
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-6.5%	21.40	7242026	22.90	2162026	158
IGOV	iShares International Treasury Bond ETF	-5.9%	40.44	7242026	42.99	3012026	145
TLT	iShares 20+ Year Treasury Bond ETF	-7.0%	83.25	7242026	89.48	3012026	145
VGLT	Vanguard Long-Term Treasury ETF	-6.0%	53.34	7242026	56.76	3012026	145
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.4%	25.36	7242026	27.09	3012026	145
TLH	iShares 10-20 Year Treasury Bond ETF	-5.9%	97.31	7242026	103.45	3012026	145
EDV	Vanguard World Funds Extended Duration ETF	-9.7%	60.88	7242026	67.42	3012026	145
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.1%	21.49	7242026	22.65	2192026	155
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-5.1%	17.95	7242026	18.91	5122026	73
DBC	Invesco DB Commodity Index Tracking Fund	-5.0%	30.10	7242026	31.69	5122026	73
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-9.3%	33.15	7242026	36.53	5192026	66
GSG	iShares GSCI Commodity	-5.8%	30.01	7242026	31.85	3182026	128
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-5.5%	24.49	7242026	25.91	5122026	73
GLD	SPDR Gold Trust	-25.0%	371.90	7242026	495.90	1292026	176
IAU	iShares Gold Trust	-24.9%	76.23	7242026	101.57	1292026	176
GLDM	SPDR Gold MiniShares Trust	-24.9%	80.19	7242026	106.77	1292026	176
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7242026	51.41	1292026	176
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7242026	53.16	1292026	176
SLV	iShares Silver Trust	-50.2%	52.59	7242026	105.60	1282026	177
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7242026	110.87	1282026	177
PPLT	ETFS Physical Platinum Shares	-42.8%	14.43	7242026	25.23	1252026	180
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7242026	38.71	1292026	176
PALL	ETFS Physical Palladium Shares	-39.3%	22.56	7242026	37.18	1282026	177
USO	United States Oil Fund LP	-10.6%	136.69	7242026	152.96	5192026	66
UNG	United States Natural Gas Fund LP	-37.6%	10.55	7242026	16.90	2012026	173
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7242026	60.13	5042026	81
IBIT	iShares Bitcoin Trust ETF	-28.3%	36.35	7242026	50.70	1252026	180
FBTC	Fidelity Wise Origin Bitcoin Fund	-28.3%	55.83	7242026	77.92	1252026	180
GBTC	Grayscale Bitcoin Trust ETF	-11.4%	61.84	7242026	69.82	1252026	180
ETHA	iShares Ethereum Trust ETF	-38.5%	14.04	7242026	22.83	1272026	178

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-23

Asset allocation rotation · Past week

Commodity ETFs drew the largest net inflows (+$2.1B), followed by Bond (+$1.6B), while Equity (−$2.9B) saw the largest outflows.
Within the mix, money rotated into Emerging Markets (+$2.1B) and out of Industry Subsector (−$6.1B).
Relative to fund size, DFAL drew the largest inflow (+27.7% of AUM) and FTCS the largest outflow (−18.4%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$3.31B	+0.4%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$1.66B	+0.2%
3	GLD	SPDR Gold Shares	Commodity Gold	+$1.33B	+1.0%
4	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$1.15B	+0.2%
5	DRAM	Roundhill Memory ETF	Other	+$1.09B	+4.4%
6	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	+$1.04B	+1.1%
7	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$914M	+3.8%
8	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$899M	+0.6%
9	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$781M	+1.8%
10	BSV	Vanguard Short-Term Bond ETF	Other	+$769M	+1.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	DFAL		Other	+$387M	+27.7%
2	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	+$213M	+13.8%
3	PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Commodity Broad Diversified	+$698M	+10.8%
4	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$121M	+8.3%
5	HELO	JPMorgan Hedged Equity Laddered Overlay ETF	Other	+$378M	+8.3%
6	IYH	iShares U.S. Healthcare ETF	Other	+$261M	+7.9%
7	HFSI	Hartford Strategic Income ETF	Other	+$63M	+6.1%
8	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$75M	+6.0%
9	DRAM	Roundhill Memory ETF	Other	+$1.09B	+4.4%
10	FFSM	Fidelity Fundamental Small-Mid Cap ETF	Other	+$63M	+4.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$5.32B	-0.6%
2	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$3.71B	-8.1%
3	AIRR	First Trust RBA American Industrial RenaissanceTM ETF	Other	-$1.89B	-17.7%
4	FTCS	First Trust Capital Strength ETF	Other	-$1.42B	-18.4%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.25B	-1.5%
6	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$1.18B	-1.1%
7	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.14B	-0.9%
8	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.07B	-8.5%
9	IWD	iShares Russell 1000 Value ETF	Equity US Large Value	-$942M	-1.2%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$929M	-1.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTCS	First Trust Capital Strength ETF	Other	-$1.42B	-18.4%
2	AIRR	First Trust RBA American Industrial RenaissanceTM ETF	Other	-$1.89B	-17.7%
3	DMXF	iShares ESG Advanced MSCI EAFE ETF	Other	-$184M	-17.2%
4	FBT	First Trust NYSE Arca Biotechnology Index Fund	Other	-$423M	-15.1%
5	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$524M	-11.7%
6	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.07B	-8.5%
7	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$3.71B	-8.1%
8	USO	United States Oil Fund, LP	Commodity Energy	-$174M	-7.6%
9	FLTW	Franklin FTSE Taiwan ETF	Other	-$210M	-7.4%
10	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$165M	-6.3%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$40.8B), followed by Bond (+$26.2B), while Crypto (−$1.7B) and Commodity (−$932M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$7.2B) and out of US Nasdaq Growth (−$6.9B).
Relative to fund size, DFAL drew the largest inflow (+41.4% of AUM) and NASA the largest outflow (−36.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$9.54B	+6.0%
2	DRAM	Roundhill Memory ETF	Other	+$8.47B	+34.8%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$6.19B	+0.8%
4	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$5.71B	+12.5%
5	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	+$4.67B	+4.9%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$4.51B	+0.7%
7	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$3.82B	+0.4%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$3.81B	+3.9%
9	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$3.76B	+2.4%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$3.6B	+2.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	DFAL		Other	+$476M	+41.4%
2	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$444M	+41.2%
3	FXL	First Trust Technology AlphaDEX Fund	Other	+$948M	+37.2%
4	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$504M	+37.0%
5	DRAM	Roundhill Memory ETF	Other	+$8.47B	+34.8%
6	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$775M	+26.4%
7	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	+$1.08B	+23.4%
8	IXC	iShares Global Energy ETF	Other	+$488M	+21.4%
9	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$749M	+20.9%
10	PJUL	Innovator U.S. Equity Power Buffer ETF	Other	+$228M	+20.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$12.01B	-1.2%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$9.21B	-1.9%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$3.1B	-31.7%
4	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.73B	-13.4%
5	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$2.29B	-2.2%
6	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$2.01B	-1.6%
7	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.69B	-12.4%
8	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.55B	-1.9%
9	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.28B	-9.4%
10	IBIT	iShares Bitcoin Trust ETF	Crypto	-$1.14B	-2.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	-$480M	-36.1%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$3.1B	-31.7%
3	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$324M	-26.9%
4	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$291M	-22.2%
5	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-19.1%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$830M	-18.9%
7	DMXF	iShares ESG Advanced MSCI EAFE ETF	Other	-$209M	-17.4%
8	RPV	Invesco S&P 500 Pure Value ETF	Other	-$264M	-16.6%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.73B	-13.4%
10	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.69B	-12.4%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$191.7B), followed by Bond (+$70.1B), while Crypto (−$7.5B) and Commodity (−$6.8B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$84.9B) and out of Gold (−$7.9B).
Relative to fund size, DRAM drew the largest inflow (+149.1% of AUM) and FXN the largest outflow (−61.4%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$51.96B	+6.2%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$29.09B	+3.7%
3	DRAM	Roundhill Memory ETF	Other	+$24.68B	+149.1%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$19.13B	+13.0%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$15.22B	+16.2%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$13.68B	+2.1%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$12.37B	+12.7%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$10.11B	+24.9%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.81B	+6.2%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$8.53B	+5.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	DRAM	Roundhill Memory ETF	Other	+$24.68B	+149.1%
2	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.76B	+132.0%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.24B	+102.4% ⚠
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.63B	+61.6% ⚠
5	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.18B	+57.1%
6	FXL	First Trust Technology AlphaDEX Fund	Other	+$960M	+56.6%
7	FLKR	Franklin FTSE South Korea ETF	Other	+$569M	+53.8%
8	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.33B	+52.5% ⚠
9	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	+$981M	+49.2%
10	CHPY	YieldMax Semiconductor Portfolio Option Income ETF	Other	+$523M	+49.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$16.4B	-1.7%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.4B	-13.8%
3	GLD	SPDR Gold Shares	Commodity Gold	-$5.76B	-4.1%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.87B	-38.8%
5	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.71B	-9.5%
6	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.68B	-22.0%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.66B	-4.0%
8	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$2.39B	-1.9% ⚠
9	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	-$2.36B	-8.5%
10	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.17B	-32.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$723M	-61.4%
2	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-39.3%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.87B	-38.8%
4	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.17B	-32.9%
5	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.58B	-28.8%
6	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$411M	-28.6%
7	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.49B	-26.0%
8	ILF	iShares Latin America 40 ETF	Equity Emerging Markets	-$947M	-23.5%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.68B	-22.0%
10	IDU	iShares U.S. Utilities ETF	Other	-$299M	-21.2%

Largest ETF fund flows across ~2569 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About ITA

Holdings Count: 49
Expense Ratio: 0.38%
Inception Date: 2006-05-01

iShares U.S. Aerospace & Defense ETF
This Exchange Traded Fund (ETF) aims to replicate the investment performance of a specific market index. This benchmark index is made up solely of shares from U.S.-based companies that operate within the aviation and defense industries.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Category	1D Rtn	YTD Rtn
AKRE	Akre Focus ETF	Equity	2.3%	-16.5%
XLRE	State Street Real Estate Select Secto...	Real Estate	2.2%	14.6%
IYR	iShares U.S. Real Estate ETF	Real Estate	2.2%	14.3%
USRT	iShares Core U.S. REIT ETF	Real Estate	2.2%	23.0%
VNQ	Vanguard Real Estate ETF	Real Estate	2.1%	16.2%
SCHH	Schwab U.S. REIT ETF	Real Estate	2.1%	19.6%
XLB	State Street Materials Select Sector ...	Equity	1.9%	13.5%
COWZ	Pacer US Cash Cows 100 ETF	Equity	1.9%	8.2%
REET	iShares Global REIT ETF	Real Estate	1.8%	16.4%
SCHD	Schwab US Dividend Equity ETF	Equity	1.5%	22.4%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
EWY	iShares MSCI South Korea ETF	Equity	-6.3%	67.6%
NASA	Tema Space Innovators ETF	Equity	-4.7%	-12.1%
SOXX	iShares Semiconductor ETF	Equity	-4.4%	75.1%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-4.2%	67.0%
SMH	VanEck Semiconductor ETF	Equity	-3.3%	55.8%
ICLN	iShares Global Clean Energy ETF	Equity	-3.2%	8.2%
URA	Global X Uranium ETF	Equity	-3.0%	-6.6%
ARKK	ARK Innovation ETF	Equity	-2.6%	-6.5%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	-2.4%	-0.6%
MTUM	iShares MSCI USA Momentum Factor ETF	Equity	-2.4%	22.5%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	10.3%	97.6%
RING	iShares MSCI Global Gold Miners ETF	Equity	5.9%	-12.4%
ITA	iShares U.S. Aerospace & Defense ETF	Equity	4.1%	11.9%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	4.1%	35.5%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	3.9%	34.6%
SLV	iShares Silver Trust	Commodity	3.6%	-18.4%
XLE	State Street Energy Select Sector SPD...	Equity	3.4%	34.2%
FXN	First Trust Energy AlphaDEX Fund	Equity	3.2%	34.3%
URA	Global X Uranium ETF	Equity	3.0%	-6.6%
BCI	abrdn Bloomberg All Commodity Strateg...	Commodity	2.9%	25.4%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
MAGS	Roundhill Magnificent Seven ETF	Equity	-5.6%	-4.3%
XLY	State Street Consumer Discretionary S...	Equity	-5.2%	-8.2%
IGV	iShares Expanded Tech-Software Sector...	Equity	-5.2%	-16.8%
ARKK	ARK Innovation ETF	Equity	-4.4%	-6.5%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	-3.9%	-7.9%
XLC	State Street Communication Services S...	Equity	-3.9%	-9.4%
NASA	Tema Space Innovators ETF	Equity	-3.7%	-12.1%
ARKW	ARK Next Generation Internet ETF	Equity	-3.5%	-7.4%
ICLN	iShares Global Clean Energy ETF	Equity	-3.2%	8.2%
AKRE	Akre Focus ETF	Equity	-2.7%	-16.5%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	28.6%	97.6%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	17.8%	-37.4%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	13.8%	34.6%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	13.8%	35.5%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	13.7%	38.4%
HGER	Harbor Commodity All-Weather Strategy...	Commodity	13.0%	30.9%
XLE	State Street Energy Select Sector SPD...	Equity	11.3%	34.2%
BCI	abrdn Bloomberg All Commodity Strateg...	Commodity	11.0%	25.4%
COMT	iShares GSCI Commodity Dynamic Roll S...	Commodity	10.1%	33.1%
FTGC	First Trust Global Tactical Commodity...	Commodity	9.9%	28.5%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
NASA	Tema Space Innovators ETF	Equity	-19.0%	-12.1%
EWY	iShares MSCI South Korea ETF	Equity	-17.4%	67.6%
LIT	Global X Lithium & Battery Tech ETF	Equity	-14.1%	4.5%
ICLN	iShares Global Clean Energy ETF	Equity	-13.2%	8.2%
SOXX	iShares Semiconductor ETF	Equity	-12.4%	75.1%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-12.1%	67.0%
URA	Global X Uranium ETF	Equity	-10.8%	-6.6%
UNG	United States Natural Gas Fund LP	Commodity	-10.1%	-13.9%
SMH	VanEck Semiconductor ETF	Equity	-9.3%	55.8%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	-8.2%	-0.6%

Peer Comparisons

Peers to compare with:

Profile

	ITA	SMH	SOXX	IBB	XBI	XOP	Median
Name	iShares U..	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	State Stre.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	13.6	67.4	45.1	9.4	10.2	3.3	11.9
Expense Ratio	0.38%	0.35%	0.34%	0.44%	0.35%	0.35%	0.35%
10-D Avg Volume (Mil)	0.84	10.99	9.69	1.56	8.95	3.65	6.30
Latest Day Volume (Mil)	-	6.83	6.22	1.54	7.12	3.25	6.22
Holdings Count	49	26	30	248	155	51	50
Inception Date	5/1/2006	12/20/2011	7/10/2001	2/5/2001	1/31/2006	6/19/2006	-

Fundamentals

	ITA	SMH	SOXX	IBB	XBI	XOP	Median
Name	iShares U..	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	State Stre.
Net Asset Value	230.67	556.28	521.28	189.74	152.05	166.39	-
Premium/Discount	4.1%	0.9%	1.1%	-0.8%	-1.0%	4.6%	1.0%
Distribution Yield	0.0%	0.2%	0.3%	0.2%	0.4%	1.9%	0.2%
Sales Yield	29.0%	7.3%	7.2%	12.9%	8.8%	114.8%	10.9%
Earnings Yield	2.5%	2.2%	1.8%	2.5%	1.1%	5.6%	2.3%

Valuation

	ITA	SMH	SOXX	IBB	XBI	XOP	Median
Name	iShares U..	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	State Stre.
P/S (TTM)	3.5x	13.7x	13.9x	7.8x	11.3x	0.9x	9.5x
P/E (TTM)	40.1x	46.3x	56.8x	40.6x	90.6x	17.7x	43.5x
P/FCF (TTM)	42.6x	48.9x	57.8x	355.0x	-	26.3x	48.9x
Forward P/E	32.7x	-	-	-	62.1x	10.3x	32.7x
Forward P/S	3.1x	-	-	-	8.9x	0.8x	3.1x

Risk

	ITA	SMH	SOXX	IBB	XBI	XOP	Median
Name	iShares U..	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	State Stre.
Volatility (1Y)	22.1%	37.4%	43.0%	20.3%	26.7%	28.1%	27.4%
Volatility (3Y)	19.8%	36.4%	38.7%	20.3%	27.5%	27.8%	27.7%
Volatility (5Y)	20.3%	36.2%	37.9%	22.1%	32.3%	33.6%	33.0%
Beta (1Y)	0.98	2.30	2.49	0.78	1.03	-0.19	1.01
Beta (3Y)	0.84	1.96	2.04	0.81	1.03	0.68	0.93
Beta (5Y)	0.81	1.74	1.80	0.86	1.16	0.87	1.02
Sharpe Ratio (1Y)	1.03	1.99	2.04	1.73	2.15	1.28	1.86
Sharpe Ratio (3Y)	1.36	1.35	1.16	0.71	0.82	0.53	0.99
Sharpe Ratio (5Y)	0.95	1.03	0.90	0.26	0.27	0.68	0.79
Max Drawdown (1Y)	-15.8%	-16.8%	-20.3%	-9.6%	-9.7%	-18.7%	-16.3%
Max Drawdown (3Y)	-15.8%	-35.7%	-41.4%	-24.9%	-33.0%	-35.0%	-34.0%
Max Drawdown (5Y)	-18.7%	-45.3%	-45.8%	-39.8%	-54.0%	-35.0%	-42.6%

Returns

	ITA	SMH	SOXX	IBB	XBI	XOP	Median
Name	iShares U..	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	State Stre.
1M Return	1.7%	-9.3%	-12.4%	3.6%	0.5%	13.7%	1.1%
3M Return	9.6%	16.5%	19.5%	9.7%	11.9%	2.6%	10.8%
6M Return	1.9%	39.3%	51.2%	6.0%	14.4%	29.9%	22.1%
YTD Return	11.9%	55.8%	75.1%	11.6%	23.4%	38.4%	30.9%
1Y Return	22.5%	96.4%	118.6%	39.3%	71.2%	38.0%	55.2%
2Y Return	81.4%	127.9%	125.5%	31.3%	54.9%	24.0%	68.2%
3Y Return	112.2%	258.7%	207.0%	45.5%	76.4%	38.8%	94.3%

Short Interest

Short Interest: As Of Date	7152026
Short Interest: Shares Quantity	1.0 Mil
Short Interest: % Change Since 6302026	-4.6%
Average Daily Volume	0.6 Mil
Days-to-Cover Short Interest	1.6 days

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5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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iShares U.S. Aerospace & Defense ETF (ITA)

Market Price (7/25/2026): $240.0

iShares U.S. Aerospace & Defense ETF (ITA)

Market Price (7/25/2026): $240.0

Key Takeaways

Price Chart

Asset Allocation with ITA

Valuation & Yield

Top 20 Holdings for ITA

Performance for ITA Top Holdings

Guidance Updates for ITA Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

ITA Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Trade & Investment Ideas

Wealth

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About ITA

Latest Trefis Analyses

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Top Gainers

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Top Gainers

Top Losers

Top Gainers

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