- Issuer
- Global X
- Inception Date
- Sep 11, 2023
- Region
- Global (Broad)
- Category
- Aerospace & Defense
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X Defense Tech Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $7B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SHLD Performance Chart
Global X Defense Tech ETF (SHLD) is down 6.5% since the beginning of the year. SHLD is currently trading at $61 per share.
Loading charts...
Returns By Period
Global X Defense Tech ETF (SHLD) has returned -6.48% so far this year and 4.31% over the past 12 months.
Global X Defense Tech ETF
- 1D
- -2.74%
- 1M
- -7.00%
- YTD
- -6.48%
- 6M
- -8.11%
- 1Y
- 4.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SHLD Monthly Returns History
Based on dividend-adjusted daily data since Sep 13, 2023, SHLD's average daily return is +0.14%, while the average monthly return is +2.89%. At this rate, an investment would double in approximately 2.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jan 2026 with a return of +16.1%, while the worst month was Jun 2026 at -10.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SHLD closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.6%, while the worst single day was Apr 4, 2025 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.13% | -0.51% | -5.37% | -3.71% | -1.00% | -10.28% | -6.48% | ||||||
| 2025 | 5.88% | 6.66% | 10.18% | 11.39% | 10.01% | 5.84% | 1.78% | 1.53% | 12.82% | -2.75% | -8.65% | 4.21% | 74.16% |
| 2024 | 1.05% | 11.04% | 6.21% | -1.25% | 3.99% | -2.64% | 7.03% | 5.44% | -0.43% | 0.24% | 5.36% | -4.51% | 35.03% |
| 2023 | -1.65% | 5.12% | 5.80% | 3.21% | 12.89% |
Benchmark Metrics
Global X Defense Tech ETF has an annualized alpha of 24.59%, beta of 0.67, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since September 13, 2023.
- This ETF captured 96.70% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -49.08%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.67 may look defensive, but with R2 of 0.23 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.23 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 24.59%
- Beta
- 0.67
- R²
- 0.23
- Upside Capture
- 96.70%
- Downside Capture
- -49.08%
Expense Ratio
SHLD has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SHLD ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHLD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.37 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.78 | -2.59 |
| Martin ratioReturn relative to average drawdown | 0.50 | 12.44 | -11.93 |
Dividends
Dividend History
Global X Defense Tech ETF provided a 0.59% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.20 | $0.07 |
Dividend yield | 0.59% | 0.55% | 0.53% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Defense Tech ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.20 |
| 2023 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Defense Tech ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Defense Tech ETF was 22.34%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current Global X Defense Tech ETF drawdown is 22.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -22.34%Jun 2026 | 3mo 14d | — | 3mo 15dMar 2026 - now |
2025 correction2025 | -15.06%Dec 2025 | 1mo 23d | 1mo 8d | 3mo 1dOct 2025 - Jan 2026 |
2024 correction2024 | -10.92%Dec 2024 | 1mo 6d | 2mo 2d | 3mo 8dNov 2024 - Feb 2025 |
2025 selloff2025 | -10.53%Apr 2025 | 19d | 4d | 23dMar 2025 - Apr 2025 |
2026 pullback2026 | -8.91%Feb 2026 | 16d | 1mo 2d | 1mo 18dJan 2026 - Mar 2026 |
Drawdown Indicators
| SHLD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -56.78% | +34.44% |
Max Drawdown (1Y)Largest decline over 1 year | -22.34% | -9.10% | -13.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -22.34% | -1.80% | -20.54% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -10.71% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 2.03% | +6.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SHLD
Add Global X Defense Tech ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SHLD