NATOvsITAETF Comparison
ETF 1
NATO
Themes Transatlantic Defense ETF
VS
ETF 2
ITA
iShares U.S. Aerospace & Defense ETF
Themes Transatlantic Defense ETF (NATO) and iShares U.S. Aerospace & Defense ETF (ITA) belong to the same industry segment: . NATO's top 3 sector exposures are Industrials, Technology and Non-Energy Materials. In contrast, ITA's top sector exposures are Industrials, Non-Energy Materials and Non-Corporate. NATO is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.38% for ITA. NATO is up 7.75% year-to-date (YTD) with +$39M in YTD flows. ITA performs better with 12.06% YTD performance, and -$93M 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
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NATO ITA | +2.75%+1.72% | +7.78%+11.40% | +7.75%+12.06% | +13.21%+22.71% | n/a+109.87% | n/a+132.53% |
| Flows | NATO ITA | --$120M | -$3M-$663M | +$39M-$93M | +$46M+$2.85B | -+$2.58B | -+$4.95B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NATO ITA | +23.41%+25.32% | +20.54%+22.39% | n/a+20.03% | n/a+20.32% |
| Max drawdown | NATO ITA | -8.30%-8.52% | -14.82%-15.79% | n/a-15.79% | n/a-18.75% |
| Max drawdown duration | NATO ITA | 18d18d | 144d122d | n/a122d | n/a227d |
Trading data
NATO | ITA | |
Last sale 7/27/2026 at 1:30 PM | $41.48 | $243.91 |
| Previous close 07/24/2026 | $40.88 | $240.14 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/27/2026 at 1:30 PM
Live
Closed
NATO | ITA | |
|---|---|---|
| Last price | $41.48 | $243.91 |
| 1D performance | +1.47% | +1.57% |
| AuM | $101.39 M | $14.19 B |
| E/R | 0.35% | 0.38% |
Characteristics
NATO | ITA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Themes Management Company | iShares |
| Benchmark | Solactive Transatlantic Aerospace and Defense Index | Dow Jones U.S. Select Aerospace & Defense Index |
| N° of holdings | 77 | 48 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2024 | May 1, 2006 |
| ESG | No | No |
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Exposure
Countries
NATO
USA
70.01%
United Kingdom
11.16%
Other
18.83%
ITA
USA
99.92%
Other
0.08%
Sectors
NATO
Industrials
98.87%
Other
1.13%
ITA
Industrials
95.89%
Other
4.11%
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Diversification
NATO
Total weight of top 15 holdings out of 15
77.23%
ITA
Total weight of top 15 holdings out of 15
86.26%
Top 15 holdings
Data as of June 30, 2026
NATO
GE Aerospace
9.76%
RTX Corp.
7.66%
The Boeing Co.
7.42%
Rolls-Royce Holdings Plc
7.05%
Honeywell International, Inc.
6.64%
Lockheed Martin Corp.
5.25%
Airbus SE
5.10%
Howmet Aerospace, Inc.
4.93%
Safran SA
4.78%
General Dynamics Corp.
3.61%
TransDigm Group, Inc.
3.43%
Northrop Grumman Corp.
3.36%
BAE Systems Plc
3.35%
L3Harris Technologies, Inc.
2.56%
Rheinmetall AG
2.33%
ITA
GE Aerospace
22.61%
RTX Corp.
14.82%
The Boeing Co.
8.90%
TransDigm Group, Inc.
4.59%
Howmet Aerospace, Inc.
4.50%
General Dynamics Corp.
4.33%
Lockheed Martin Corp.
4.05%
Northrop Grumman Corp.
3.92%
L3Harris Technologies, Inc.
3.80%
Rocket Lab Corp.
3.63%
Axon Enterprise, Inc.
3.17%
Carpenter Technology Corp.
2.15%
Curtiss-Wright Corp.
1.96%
FTAI Aviation Ltd.
1.95%
ATI, Inc.
1.89%
Frequently asked questions about NATO and ITA
How have the NATO and ITA ETFs performed in 2026?
As of July 24, 2026, NATO is up 7.75% year-to-date (YTD), while ITA has returned 12.06%. 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 +$39M in flows, compared to -$93M for ITA.
Which ETF is more volatile: NATO or ITA?
Over the past year, NATO had a volatility of 20.54%, while ITA experienced 22.39%.
Which ETF is bigger: NATO or ITA?
As of July 24, 2026, NATO holds $101.39 M in assets under management (AUM), while ITA manages $14.19 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 GE Aerospace, RTX Corp. and The Boeing Co.. ITA holds in its top three: GE Aerospace, RTX Corp. and The Boeing Co..
Which ETF is more diversified: NATO or ITA?
NATO holds 78 securities with 77.23% of its assets in the top 15. ITA has 50 securities and a top 15 weight of 86.26%.
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Latest news about NATO & ITA
ETF Comparison: iShares Defense Industrials Active ETF (IDEF) Versus iShares U.S. Aerospace & Defense ETF (ITA)
April 8, 2026
ITA
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ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance
March 5, 2025
NATO
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