ATI vs. SHLD
ATI (Allegheny Technologies Incorporated) 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, ATI returned 133.59% vs 8.26% for SHLD. At a 0.41 correlation, their price movements are largely independent.
Performance
ATI vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, ATI achieves a 72.95% return, which is significantly higher than SHLD's -1.50% return.
ATI
- 1D
- -0.51%
- 1M
- 28.70%
- YTD
- 72.95%
- 6M
- 82.16%
- 1Y
- 133.59%
- 3Y*
- 69.52%
- 5Y*
- 52.82%
- 10Y*
- 31.31%
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ATI vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 72.95% | 108.50% | 21.05% | 1.81% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between ATI and SHLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.41 |
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Return for Risk
ATI vs. SHLD — Risk / Return Rank
ATI
SHLD
ATI vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegheny Technologies Incorporated (ATI) 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.
| ATI | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.09 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 0.52 | +4.88 |
| Martin ratioReturn relative to average drawdown | 13.48 | 1.28 | +12.20 |
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Drawdowns
ATI vs. SHLD - Drawdown Comparison
The maximum ATI drawdown since its inception was -94.72%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for ATI and SHLD.
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Drawdown Indicators
| ATI | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.72% | -20.10% | -74.62% |
Max Drawdown (1Y)Largest decline over 1 year | -25.31% | -20.10% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -38.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -82.43% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -18.20% | +17.69% |
Average DrawdownAverage peak-to-trough decline | -60.76% | -3.34% | -57.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 8.12% | +2.00% |
Volatility
ATI vs. SHLD - Volatility Comparison
Allegheny Technologies Incorporated (ATI) has a higher volatility of 13.44% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that ATI'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
| ATI | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.44% | 9.05% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 29.89% | 19.94% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 24.55% | +18.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.12% | 21.29% | +21.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.55% | 21.29% | +30.26% |
Dividends
ATI vs. SHLD - Dividend Comparison
ATI has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
SHLD Global X Defense Tech ETF | 0.56% | 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
ATI and SHLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATI has higher volatility (13.44%) compared to SHLD (9.05%). In terms of maximum drawdown, ATI dropped -94.72% vs SHLD's -20.10%.
ATI currently has the higher Sharpe Ratio (3.21 vs 0.43), 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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