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NATOvsITAETF Comparison

ETF 1
NATO

Themes Transatlantic Defense ETF

This fund is part of
US Large Cap
+0.9%
VS
ETF 2
ITA

iShares U.S. Aerospace & Defense ETF

Themes Transatlantic Defense ETF (NATO) belongs to the US Large Cap segment. iShares U.S. Aerospace & Defense ETF (ITA) is part of the segment. NATO's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, ITA's top sector exposures are Industrials, Materials and Information Technology. NATO is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.38% for ITA. NATO is down -0.03% year-to-date (YTD) with +$42M in YTD flows. ITA performs better with 0.59% YTD performance, and +$581M in YTD flows. Run a side-by-side ETF comparison of NATO and ITA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NATO vs ITA performance and flow charts

Performance

-6.0-4.0-2.00.02.04.06.0%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

0 M100 M200 M300 M400 MMar 24Mar 31Apr 8Apr 15Apr 22

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
NATO
ITA
-3.02%-3.06%
-9.88%-7.47%
-0.03%+0.59%
+31.68%+41.81%
n/a+90.98%
n/a+112.14%
Flows
NATO
ITA
+$2M+$407M
+$28M-$185M
+$42M+$581M
+$77M+$4.35B
-+$2.96B
-+$5.54B
Volatility and drawdown
3M1Y3Y5Y
Volatility
NATO
ITA
+26.10%+26.64%
+18.53%+20.10%
n/a+19.19%
n/a+20.00%
Max drawdown
NATO
ITA
-14.82%-15.79%
-14.82%-15.79%
n/a-15.79%
n/a-18.75%
Max drawdown duration
NATO
ITA
53d53d
53d53d
n/a53d
n/a227d
Trading data

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NATO
ITA
Last sale
4/27/2026 at 1:51 PM
$38.04
$216.26
Previous close
04/24/2026
$37.88
$215.80
Consolidated volume
04/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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NATO
ITA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/27/2026 at 1:51 PM
Live
Closed
NATO
ITA
Last price
$38.04
$216.26
1D performance
+0.44%
+0.21%
AuM$97.11 M$13.40 B
E/R0.35%0.38%
Characteristics
NATO
ITA
Management strategyPassivePassive
ProviderThemes Management CompanyiShares
BenchmarkSolactive Transatlantic Aerospace and Defense IndexDow Jones U.S. Select Aerospace & Defense Index
N° of holdings5936
Asset class-Equities
Trailing 12m distribution yield
Join
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Inception dateOctober 10, 2024May 1, 2006
ESGNoNo
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Exposure

Countries

NATO
USA
66.36%
United Kingdom
11.02%
Other
22.62%
ITA
USA
97.87%
Other
2.13%

Sectors

NATO
Industrials
91.91%
Other
8.09%
ITA
Industrials
90.12%
Other
9.88%

Diversification

NATO

Total weight of top 15 holdings out of 15

77.94%
ITA

Total weight of top 15 holdings out of 15

85.18%

Top 15 holdings

Data as of March 31, 2026
NATO
RAYTHEON TECHNOLOGIES CORPORD
8.77%
GENERAL ELECTRIC
7.35%
BOEING U
6.88%
ROLLS-ROYCE HOLDINGS
5.90%
LOCKHEED MARTIN
5.89%
HONEYWELL INTL
5.50%
SAFRAN
5.27%
AIRBUS SE
5.14%
NORTHROP GRUMMAN
4.79%
HOWMET AEROSPACE INC
4.44%
BAE SYSTEMS
4.24%
GENERAL DYNAMICS
3.77%
RHEINMETALL
3.70%
L3 HARRIS TECHNOLOGIES
3.18%
TRANSDIGM GROUP
3.12%
ITA
GENERAL ELECTRIC
19.03%
RAYTHEON TECHNOLOGIES CORPORD
16.55%
BOEING U
8.91%
GENERAL DYNAMICS
4.77%
L3 HARRIS TECHNOLOGIES
4.66%
LOCKHEED MARTIN
4.58%
NORTHROP GRUMMAN
4.58%
TRANSDIGM GROUP
4.53%
HOWMET AEROSPACE INC
4.50%
AXON ENTERPRISE INC
2.83%
US7731211089
2.55%
KYG3730V1059
2.12%
CURTISS WRIGHT
2.12%
WOODWARD
1.80%
ATI INC
1.67%
Frequently asked questions about NATO and ITA

How have the NATO and ITA ETFs performed in 2026?

As of April 24, 2026, NATO is down -0.03% year-to-date (YTD), while ITA has returned 0.59%. That puts ITA better performer ahead so far this year.

Which ETF is attracting more investor money: NATO or ITA?

Year-to-date, the NATO ETF saw +$42M in flows, compared to +$581M for ITA.

Which ETF is more volatile: NATO or ITA?

Over the past year, NATO had a volatility of 18.53%, while ITA experienced 20.1%.

Which ETF is bigger: NATO or ITA?

As of April 24, 2026, NATO holds $97.11 M in assets under management (AUM), while ITA manages $13.40 B.

What sectors do the NATO and ITA ETFs invest in?

NATO leans toward sectors like Industrials. Meanwhile, ITA focuses on Industrials.

What are the top holdings of the NATO ETF and ITA ETF?

NATO top holdings include RAYTHEON TECHNOLOGIES CORPORD, GENERAL ELECTRIC and BOEING U. ITA holds in its top three: GENERAL ELECTRIC, RAYTHEON TECHNOLOGIES CORPORD and BOEING U.

Which ETF is more diversified: NATO or ITA?

NATO holds 76 securities with 77.94% of its assets in the top 15. ITA has 45 securities and a top 15 weight of 85.18%.

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