4MMR.DE vs. SHLD
4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) and SHLD (Global X Defense Tech ETF) are both Aerospace & Defense funds from Global X. Over the past year, 4MMR.DE returned 9.01% vs 9.65% for SHLD. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
4MMR.DE vs. SHLD - Performance Comparison
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Different Trading Currencies
4MMR.DE is traded in EUR, while SHLD is traded in USD. To make them comparable, the SHLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4MMR.DE achieves a -1.20% return, which is significantly lower than SHLD's 0.39% return.
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.45%
- YTD
- -1.20%
- 6M
- 1.77%
- 1Y
- 9.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- 1.44%
- 1M
- -4.13%
- YTD
- 0.39%
- 6M
- 2.50%
- 1Y
- 9.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | 13.11% |
SHLD Global X Defense Tech ETF | 0.39% | 53.49% | 9.58% |
Correlation
The correlation between 4MMR.DE and SHLD is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.74 |
The correlation between 4MMR.DE and SHLD shifts across timeframes, from 0.74 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4MMR.DE vs. SHLD — Risk / Return Rank
4MMR.DE
SHLD
4MMR.DE vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Global X Defense Tech ETF (SHLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 4MMR.DE | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.48 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.17 | 1.23 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4MMR.DE | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.41 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.85 | -0.24 |
Drawdowns
4MMR.DE vs. SHLD - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -19.79%, roughly equal to the maximum SHLD drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and SHLD.
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Drawdown Indicators
| 4MMR.DE | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -20.18% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -20.18% | +0.39% |
Current DrawdownCurrent decline from peak | -18.27% | -17.56% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.14% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 7.88% | -0.18% |
Volatility
4MMR.DE vs. SHLD - Volatility Comparison
The current volatility for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) is 6.27%, while Global X Defense Tech ETF (SHLD) has a volatility of 7.56%. This indicates that 4MMR.DE experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4MMR.DE | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 7.56% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 18.83% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 23.77% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 21.02% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 21.02% | +3.57% |
Dividends
4MMR.DE vs. SHLD - Dividend Comparison
4MMR.DE has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.55%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.55% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
4MMR.DE and SHLD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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