ALV vs. SHLD
ALV (Autoliv, Inc.) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, ALV returned 29.86% vs 11.52% for SHLD. At a 0.31 correlation, their price movements are largely independent.
Performance
ALV vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, ALV achieves a 11.50% return, which is significantly higher than SHLD's -0.74% return.
ALV
- 1D
- -0.06%
- 1M
- 11.83%
- YTD
- 11.50%
- 6M
- 11.89%
- 1Y
- 29.86%
- 3Y*
- 18.45%
- 5Y*
- 6.78%
- 10Y*
- 6.37%
SHLD
- 1D
- 1.58%
- 1M
- -4.77%
- YTD
- -0.74%
- 6M
- 2.22%
- 1Y
- 11.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALV vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ALV Autoliv, Inc. | 11.50% | 30.24% | -12.72% | 13.92% |
SHLD Global X Defense Tech ETF | -0.74% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between ALV and SHLD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.31 |
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Return for Risk
ALV vs. SHLD — Risk / Return Rank
ALV
SHLD
ALV vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Autoliv, Inc. (ALV) 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.
| ALV | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.10 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.58 | +0.79 |
| Martin ratioReturn relative to average drawdown | 3.81 | 1.52 | +2.29 |
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
| ALV | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.48 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 2.03 | -1.79 |
Drawdowns
ALV vs. SHLD - Drawdown Comparison
The maximum ALV drawdown since its inception was -79.72%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for ALV and SHLD.
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Drawdown Indicators
| ALV | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.72% | -20.10% | -59.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.96% | -20.10% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -39.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.09% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -17.57% | +16.54% |
Average DrawdownAverage peak-to-trough decline | -20.90% | -3.21% | -17.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.85% | 7.60% | +0.25% |
Volatility
ALV vs. SHLD - Volatility Comparison
Autoliv, Inc. (ALV) has a higher volatility of 9.09% compared to Global X Defense Tech ETF (SHLD) at 8.02%. This indicates that ALV's price experiences larger fluctuations and is considered to be riskier 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
| ALV | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 8.02% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.56% | 19.39% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.65% | 24.08% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.99% | 21.14% | +10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.88% | 21.14% | +12.74% |
Dividends
ALV vs. SHLD - Dividend Comparison
ALV's dividend yield for the trailing twelve months is around 2.65%, more than SHLD's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALV Autoliv, Inc. | 2.65% | 2.63% | 2.92% | 2.41% | 3.37% | 1.82% | 0.67% | 2.94% | 3.02% | 1.87% | 2.03% | 1.78% |
SHLD Global X Defense Tech ETF | 0.55% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ALV and SHLD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALV has higher volatility (9.09%) compared to SHLD (8.02%). In terms of maximum drawdown, ALV dropped -79.72% vs SHLD's -20.10%.
ALV currently has the higher Sharpe Ratio (1.13 vs 0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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