ASEA vs. SHLD

Last updated Jul 17, 2026

ASEA (Global X FTSE Southeast Asia ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - ASEA is a Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, ASEA returned 32.86% vs -0.87% for SHLD. At a 0.29 correlation, their price movements are largely independent. ASEA charges 0.65%/yr vs 0.50%/yr for SHLD.

Performance

ASEA vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X FTSE Southeast Asia ETF (ASEA) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASEA achieves a 17.56% return, which is significantly higher than SHLD's -7.27% return.

ASEA

• 1D: 0.86%
• 1M: 5.21%
• 6M: 13.64%
• YTD: 17.56%
• 1Y: 32.86%
• 3Y*: 16.21%
• 5Y*: 13.00%
• 10Y*: 7.67%

SHLD

• 1D: -0.61%
• 1M: -5.92%
• 6M: -22.32%
• YTD: -7.27%
• 1Y: -0.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASEA vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASEA Global X FTSE Southeast Asia ETF	17.56%	19.80%	9.82%	3.64%
SHLD Global X Defense Tech ETF	-7.27%	74.16%	35.03%	12.89%

Correlation

The correlation between ASEA and SHLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.29

ASEA vs. SHLD - Sectors Allocation Comparison

Sectors	ASEA	SHLD
Financial Services	11.1%	-
Industrials	5.9%	87.8%
Communication Services	3.5%	-
Energy	3.1%	-
Real Estate	2.8%	-
Utilities	1.4%	-
Consumer Defensive	1.3%	-
Healthcare	1.1%	-
Consumer Cyclical	0.7%	-
Basic Materials	0.2%	-
Technology	-	12.2%

Return for Risk

ASEA vs. SHLD — Risk / Return Rank

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

ASEA

ASEA Risk / Return Rank: 84
ASEA Sharpe Ratio Rank: 87
ASEA Sortino Ratio Rank: 88
ASEA Omega Ratio Rank: 84
ASEA Calmar Ratio Rank: 87
ASEA Martin Ratio Rank: 73

SHLD

SHLD Risk / Return Rank: 9
SHLD Sharpe Ratio Rank: 9
SHLD Sortino Ratio Rank: 9
SHLD Omega Ratio Rank: 9
SHLD Calmar Ratio Rank: 9
SHLD Martin Ratio Rank: 9

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.

ASEA vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FTSE Southeast Asia ETF (ASEA) 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.

	ASEA	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.28	-0.03	+2.31
Sortino ratio: Return per unit of downside risk	3.24	0.13	+3.11
Omega ratio: Gain probability vs. loss probability	1.40	1.01	+0.39
Calmar ratio: Return relative to maximum drawdown	3.99	-0.03	+4.02
Martin ratio: Return relative to average drawdown	10.55	-0.08	+10.63

ASEA vs. SHLD - Sharpe Ratio Comparison

The current ASEA Sharpe Ratio is 2.28, which is higher than the SHLD Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of ASEA and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASEA vs. SHLD - Drawdown Comparison

The maximum ASEA drawdown since its inception was -44.16%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for ASEA and SHLD.

Drawdown Indicators

	ASEA	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-44.16%	-25.40%	-18.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-25.40%	+17.12%
Max Drawdown (3Y) Largest decline over 3 years	-22.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.16%	—	—
Current Drawdown Current decline from peak	0.00%	-22.99%	+22.99%
Average Drawdown Average peak-to-trough decline	-10.59%	-3.90%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	10.30%	-7.18%

Volatility

ASEA vs. SHLD - Volatility Comparison

The current volatility for Global X FTSE Southeast Asia ETF (ASEA) is 3.60%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.28%. This indicates that ASEA 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.

Volatility by Period

	ASEA	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	8.28%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	19.79%	-8.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	25.12%	-10.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	21.54%	-6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	21.54%	-4.06%

ASEA vs. SHLD - Expense Ratio Comparison

ASEA has a 0.65% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

ASEA vs. SHLD - Dividend Comparison

ASEA's dividend yield for the trailing twelve months is around 3.68%, more than SHLD's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.68%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
SHLD Global X Defense Tech ETF	0.71%	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

Can I hold both ASEA and SHLD in my portfolio?

ASEA and SHLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASEA or SHLD?

SHLD has higher volatility (8.28%) compared to ASEA (3.60%). In terms of maximum drawdown, ASEA dropped -44.16% vs SHLD's -25.40%.

Which ETF is better, ASEA or SHLD?

On 1-year performance, ASEA leads with 32.86% vs -0.87% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, ASEA has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASEA or SHLD?

Over the 1-year period, ASEA has performed better with a 32.86% return vs -0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASEA or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.65% for ASEA.

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

ASEA has the higher dividend yield at 3.68%, compared with 0.71% for SHLD.

What is the main difference between ASEA and SHLD?

ASEA is categorized as Asia Pacific Equities, while SHLD is Aerospace & Defense. ASEA tracks FTSE/ASEAN 40 Index, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.65% for ASEA and 0.50% for SHLD.

Which has better risk-adjusted returns?

ASEA currently has the higher Sharpe Ratio (2.28 vs -0.03), 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.