Data as of . Every figure is the themes desk's own, on published data.
ITA vs SHLD
29% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ITA and SHLD hold 29% of their money in the same securities at the same weight.
| Holding | ITA | SHLD |
|---|---|---|
| GENERAL DYNAMICS CORPORATION | 4.34% | 7.70% |
| LOCKHEED MARTIN CORPORATION | 4.05% | 8.45% |
| Northrop Grumman Corporation | 3.92% | 4.24% |
| L3HARRIS TECHNOLOGIES, INC. | 3.80% | 4.71% |
| BWX TECHNOLOGIES, INC. | 1.25% | 3.06% |
| MOOG INC. | 0.85% | 1.71% |
| HUNTINGTON INGALLS INDUSTRIES, INC. | 0.77% | 2.05% |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC | 0.66% | 1.82% |
| MERCURY SYSTEMS, INC. | 0.45% | 1.13% |
| KARMAN HOLDINGS INC. | 0.32% | 0.84% |
| RED CAT HOLDINGS, INC. | 0.10% | 0.26% |
| NATIONAL PRESTO INDUSTRIES, INC. | 0.05% | 0.11% |
| Only in ITA | Only in SHLD |
|---|---|
| GENERAL ELECTRIC COMPANY 22.63% | RTX CORPORATION 7.78% |
| RTX CORPORATION 14.83% | PALANTIR TECHNOLOGIES INC. 7.09% |
| THE BOEING COMPANY 8.90% | Rheinmetall Aktiengesellschaft 5.78% |
| TRANSDIGM GROUP INCORPORATED 4.59% | BAE SYSTEMS PLC 4.90% |
| HOWMET AEROSPACE INC. 4.50% | HANWHA AEROSPACE CO., LTD. 4.41% |
| ROCKET LAB CORPORATION 3.63% | LEONARDO - SOCIETA PER AZIONI 4.36% |
| AXON ENTERPRISE, INC. 3.17% | THALES SA 4.29% |
| CARPENTER TECHNOLOGY CORPORATION 2.15% | ELBIT SYSTEMS LTD 4.15% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ITA | SHLD | ITA | SHLD | ITA | SHLD | |
| 3 months | −1.6% | +0.2% | −6.3 pts | −4.5 pts | −3.7 pts | −1.9 pts |
| 6 months | −6.7% | −18.2% | −21.9 pts | −33.4 pts | −26.9 pts | −38.4 pts |
| 1 year | +14.2% | +2.3% | −5.7 pts | −17.7 pts | −11.4 pts | −23.3 pts |
| 3 years | +100.8% | n/a | +22.9 pts | n/a | +7.4 pts | n/a |
| Since launch | +937.0% | +158.9% | +125.7 pts | +79.9 pts | −747.0 pts | +63.5 pts |
| ITA iShares U.S. Aerospace & Defense ETF | SHLD Global X Defense Tech ETF | |
|---|---|---|
| Issuer | iShares | Global X |
| Theme | Defense | Defense |
| In the S&P 500 | 76.6% | 44.8% |
| Active share vs the S&P 500 | 97.9% | 98.7% |
| In the Nasdaq-100 | 3.2% | 7.1% |
| Holdings | 49 | 48 |
| Top ten, share of the fund | 75.2% | 59.5% |
| Expense ratio | not published | 0.50% |
| Fee for the differing part | not published | 0.51% |
| Total return, 1 year | +14.2% | +2.3% |
| vs the S&P 500 | −5.7 pts | −17.7 pts |
| vs the Nasdaq-100 | −11.4 pts | −23.3 pts |
| Below its high | −10.9% | −19.0% |
ITA in plain words
By weight, 77% of ITA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 75% of the fund across 49 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +14.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 5.7 pts. It sits 10.9% below its all-time high of Aug 14, 2026.
SHLD in plain words
By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 60% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +2.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 17.7 pts. It sits 19.0% below its all-time high of Mar 9, 2026.
Questions people ask
- Do ITA and SHLD hold the same stocks?
- By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ITA or SHLD?
- ITA has 77% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ITA against SHLD, data as of Sep 4, 2026. https://etfiq.com/compare/themes/ITA-SHLD.html Free to use with attribution; the underlying files are at Open data.