ASMH vs. SHLD

Last updated Apr 1, 2026

Compare and contrast key facts about ASML Holding NV ADR Hedged ETF (ASMH) and Global X Defense Tech ETF (SHLD).

ASMH and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASMH is a passively managed fund by Precidian Funds that tracks the performance of the ASML Holding NV Sponsored ADR. It was launched on Mar 13, 2025. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both ASMH and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ASMH vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding NV ADR Hedged ETF (ASMH) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

ASMH vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
ASMH ASML Holding NV ADR Hedged ETF	25.77%	58.84%
SHLD Global X Defense Tech ETF	9.34%	32.21%

Returns By Period

In the year-to-date period, ASMH achieves a 25.77% return, which is significantly higher than SHLD's 9.34% return.

ASMH

• 1D: 4.15%
• 1M: -6.47%
• YTD: 25.77%
• 6M: 39.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: 3.72%
• 1M: -5.37%
• YTD: 9.34%
• 6M: 1.22%
• 1Y: 53.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMH vs. SHLD - Expense Ratio Comparison

ASMH has a 0.19% expense ratio, which is lower than SHLD's 0.50% expense ratio.

SHLD

Global X Defense Tech ETF

ASMH

ASML Holding NV ADR Hedged ETF

Return for Risk

ASMH vs. SHLD — Risk / Return Rank

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

SHLD

SHLD Risk / Return Rank: 92
SHLD Sharpe Ratio Rank: 93
SHLD Sortino Ratio Rank: 93
SHLD Omega Ratio Rank: 90
SHLD Calmar Ratio Rank: 94
SHLD Martin Ratio Rank: 88

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.

ASMH vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) 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.

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

Sharpe Ratios by Period

	ASMH	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.00	2.53	+0.47

Correlation

The correlation between ASMH and SHLD is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ASMH vs. SHLD - Dividend Comparison

ASMH's dividend yield for the trailing twelve months is around 1.29%, more than SHLD's 0.50% yield.

	TTM	2025	2024	2023
ASMH ASML Holding NV ADR Hedged ETF	1.29%	0.19%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.50%	0.55%	0.53%	0.26%

Drawdowns

ASMH vs. SHLD - Drawdown Comparison

The maximum ASMH drawdown since its inception was -15.89%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for ASMH and SHLD.

Drawdown Indicators

	ASMH	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-15.89%	-15.06%	-0.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.06%	—
Current Drawdown Current decline from peak	-11.21%	-9.20%	-2.01%
Average Drawdown Average peak-to-trough decline	-4.43%	-2.57%	-1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.17%	—

Volatility

Volatility by Period

	ASMH	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.81%	25.40%	+11.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.81%	20.70%	+16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.81%	20.70%	+16.11%