ARMR.AX vs. SHLD
ARMR.AX (Betashares Global Defence ETF) and SHLD (Global X Defense Tech ETF) are both Aerospace & Defense funds - ARMR.AX tracks the VettaFi Global Defence Leaders Index while SHLD tracks the Global X Defense Tech Index. Both are passively managed. Over the past year, ARMR.AX returned 6.21% vs -0.50% for SHLD. At a 0.17 correlation, their price movements are largely independent. ARMR.AX charges 0.55%/yr vs 0.50%/yr for SHLD.
Performance
ARMR.AX vs. SHLD - Performance Comparison
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Different Trading Currencies
ARMR.AX is traded in AUD, while SHLD is traded in USD. To make them comparable, the SHLD values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARMR.AX achieves a -3.08% return, which is significantly higher than SHLD's -8.53% return.
ARMR.AX
- 1D
- -1.04%
- 1M
- 0.89%
- YTD
- -3.08%
- 6M
- 2.37%
- 1Y
- 6.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- -1.94%
- 1M
- -6.51%
- YTD
- -8.53%
- 6M
- -5.82%
- 1Y
- -0.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMR.AX vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -3.08% | 47.73% | 12.11% |
SHLD Global X Defense Tech ETF | -8.53% | 61.51% | 7.54% |
Correlation
The correlation between ARMR.AX and SHLD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2024 | 0.17 |
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Return for Risk
ARMR.AX vs. SHLD — Risk / Return Rank
ARMR.AX
SHLD
ARMR.AX vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) 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.
| ARMR.AX | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.02 | +0.30 |
| Martin ratioReturn relative to average drawdown | 0.71 | -0.05 | +0.76 |
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
| ARMR.AX | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | -0.02 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 1.88 | -0.44 |
Drawdowns
ARMR.AX vs. SHLD - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.10%, smaller than the maximum SHLD drawdown of -25.21%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and SHLD.
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Drawdown Indicators
| ARMR.AX | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.10% | -25.21% | +3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -25.21% | +3.11% |
Current DrawdownCurrent decline from peak | -17.53% | -23.82% | +6.29% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -3.65% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 9.82% | -1.07% |
Volatility
ARMR.AX vs. SHLD - Volatility Comparison
The current volatility for Betashares Global Defence ETF (ARMR.AX) is 7.10%, while Global X Defense Tech ETF (SHLD) has a volatility of 7.76%. This indicates that ARMR.AX 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
| ARMR.AX | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 7.76% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 18.08% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 22.68% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.91% | 19.56% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 19.56% | +3.35% |
ARMR.AX vs. SHLD - Expense Ratio Comparison
ARMR.AX has a 0.55% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Dividends
ARMR.AX vs. SHLD - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.38%, more than SHLD's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.38% | 2.18% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
ARMR.AX and SHLD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD is cheaper with a 0.50% expense ratio, compared with 0.55% for ARMR.AX.
ARMR.AX tracks VettaFi Global Defence Leaders Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: BetaShares and Global X. Their fees differ too: 0.55% for ARMR.AX and 0.50% for SHLD.
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