ARMY vs. SHLD

Last updated Jul 14, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and SHLD (Global X Defense Tech ETF) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while SHLD tracks the Global X Defense Tech Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. ARMY charges 0.39%/yr vs 0.50%/yr for SHLD.

Performance

ARMY vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Future of European Defence Screened UCITS ETF (ARMY) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARMY 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

ARMY

• 1D: -2.26%
• 1M: -5.61%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -0.92%
• 1M: -3.43%
• 6M: -18.60%
• YTD: -3.41%
• 1Y: 3.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARMY vs. SHLD - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	-5.70%
SHLD Global X Defense Tech ETF	-10.59%

Correlation

The correlation between ARMY and SHLD is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.90

Return for Risk

ARMY vs. SHLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARMY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHLD

SHLD Risk / Return Rank: 10
SHLD Sharpe Ratio Rank: 10
SHLD Sortino Ratio Rank: 10
SHLD Omega Ratio Rank: 10
SHLD Calmar Ratio Rank: 10
SHLD Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARMY vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of European Defence Screened UCITS ETF (ARMY) 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.

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.

	ARMY	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.15	—
Sortino ratio: Return per unit of downside risk	—	0.39	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.15	—
Martin ratio: Return relative to average drawdown	—	0.36	—

Drawdowns

ARMY vs. SHLD - Drawdown Comparison

The maximum ARMY drawdown since its inception was -16.37%, smaller than the maximum SHLD drawdown of -23.81%. Use the drawdown chart below to compare losses from any high point for ARMY and SHLD.

Drawdown Indicators

	ARMY	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-16.37%	-23.81%	+7.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.81%	—
Current Drawdown Current decline from peak	-13.57%	-20.68%	+7.11%
Average Drawdown Average peak-to-trough decline	-7.03%	-3.71%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.99%	—

Volatility

Volatility by Period

	ARMY	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.15%	24.69%	+8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.15%	21.35%	+11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.15%	21.35%	+11.80%

ARMY vs. SHLD - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

ARMY vs. SHLD - Dividend Comparison

ARMY has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023
ARMY HANetf Future of European Defence Screened UCITS ETF	0.00%	0.00%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.70%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both ARMY and SHLD in my portfolio?

ARMY and SHLD have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMY or SHLD?

On fees, ARMY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or SHLD?

ARMY is cheaper with a 0.39% expense ratio, compared with 0.50% for SHLD.

Which ETF pays a higher dividend yield, ARMY or SHLD?

SHLD has the higher dividend yield at 0.70%, compared with 0.00% for ARMY.

What is the main difference between ARMY and SHLD?

ARMY tracks VettaFi European Future of Defence Screened Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: HANetf and Global X. Their fees differ too: 0.39% for ARMY and 0.50% for SHLD.