Exchange-Traded Funds (ETFs) have transformed the investment landscape, offering investors diverse exposure to various industries and sectors. In this article, we will conduct an in-depth comparison between two prominent ETFs: HEWI (iShares U.S. Medical Devices ETF) and ITA (iShares U.S. Aerospace & Defense ETF). This analysis will encompass key aspects such as tickers, full names, issuers, sectors, top holdings, capitalization, investment strategy, tracking methods, and exposure.
HEWI and ITA represent two distinct investment strategies within the healthcare and aerospace/defense industries, respectively. HEWI concentrates on medical device companies, while ITA targets the aerospace and defense sector. The differences in focus contribute to dissimilar risk profiles and potential returns, which we will explore in the subsequent sections.
HEWI's primary focus lies in medical devices, with top holdings including companies like Medtronic, Abbott Laboratories, and Thermo Fisher Scientific. On the other hand, ITA invests in aerospace and defense companies such as Boeing, Lockheed Martin, and Raytheon Technologies. Understanding the sectors and top holdings aids investors in aligning their investment objectives with the ETF that matches their preferences.
HEWI overlap HEWI VS ITA: A Comprehensive Comparison of ETFs
HEWI boasts a substantial Asset Under Management (AUM), indicating its popularity among investors interested in the medical device industry. ITA's strategy centers on capitalizing on the performance of aerospace and defense companies. The difference in capitalization and investment strategy leads to varying potential for returns and risks, necessitating careful consideration by investors.
HEWI seeks to provide investors exposure to the performance of medical device companies, while ITA offers exposure to the aerospace and defense sector. The tracking methods differ; HEWI tracks an index of U.S. medical device stocks, whereas ITA tracks an index comprising aerospace and defense companies. Recognizing these tracking and exposure variations is crucial for investors in selecting the ETF that aligns with their investment goals.
HEWI and ITA present unique investment opportunities, each tailored to specific industries. For investors seeking comprehensive insights into holdings, correlations, overlaps, and other relevant information, the ETF Insider serves as an invaluable tool. With its user-friendly application, it provides extensive details about these and various other financial instruments.
Disclaimer: This article does not offer any investment advisory services.
Sources:
https://www.ishares.com/us ITA ETF issuer
https://www.ishares.com/us/products/239502/ishares-us-aerospace-defense-etf ITA ETF official page
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