AUMI vs. SHLD

Last updated Jun 13, 2026

AUMI (Themes Gold Miners ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, AUMI returned 38.17% vs 8.26% for SHLD. At a 0.32 correlation, their price movements are largely independent. AUMI charges 0.35%/yr vs 0.50%/yr for SHLD.

Performance

AUMI vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) 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, AUMI achieves a -11.62% return, which is significantly lower than SHLD's -1.50% return.

AUMI

• 1D: 2.52%
• 1M: -17.27%
• YTD: -11.62%
• 6M: -9.97%
• 1Y: 38.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: -0.44%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUMI vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AUMI Themes Gold Miners ETF	-11.62%	164.18%	30.61%	10.23%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	1.93%

Correlation

The correlation between AUMI and SHLD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.32

AUMI vs. SHLD - Sectors Allocation Comparison

Sectors	AUMI	SHLD
Basic Materials	99.4%	-
Communication Services	0.1%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	88.2%
Real Estate	-	-
Technology	-	11.8%
Utilities	-	-

Return for Risk

AUMI vs. SHLD — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 25
AUMI Sharpe Ratio Rank: 25
AUMI Sortino Ratio Rank: 25
AUMI Omega Ratio Rank: 28
AUMI Calmar Ratio Rank: 24
AUMI Martin Ratio Rank: 24

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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.

AUMI vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) 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.

	AUMI	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.78	0.43	+0.35
Sortino ratio: Return per unit of downside risk	1.24	0.78	+0.46
Omega ratio: Gain probability vs. loss probability	1.17	1.09	+0.08
Calmar ratio: Return relative to maximum drawdown	0.98	0.52	+0.46
Martin ratio: Return relative to average drawdown	2.81	1.28	+1.52

AUMI vs. SHLD - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 0.78, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of AUMI 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

AUMI vs. SHLD - Drawdown Comparison

The maximum AUMI drawdown since its inception was -39.28%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for AUMI and SHLD.

Drawdown Indicators

	AUMI	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-20.10%	-19.18%
Max Drawdown (1Y) Largest decline over 1 year	-39.28%	-20.10%	-19.18%
Current Drawdown Current decline from peak	-33.51%	-18.20%	-15.31%
Average Drawdown Average peak-to-trough decline	-7.35%	-3.34%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.72%	8.12%	+5.60%

Volatility

AUMI vs. SHLD - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 17.47% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that AUMI'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.

Volatility by Period

	AUMI	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.47%	9.05%	+8.42%
Volatility (6M) Calculated over the trailing 6-month period	40.45%	19.94%	+20.51%
Volatility (1Y) Calculated over the trailing 1-year period	49.48%	24.55%	+24.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.24%	21.29%	+20.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.24%	21.29%	+20.95%

AUMI vs. SHLD - Expense Ratio Comparison

AUMI has a 0.35% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

AUMI vs. SHLD - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.98%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
AUMI Themes Gold Miners ETF	0.98%	0.86%	1.84%	0.00%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both AUMI and SHLD in my portfolio?

AUMI and SHLD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUMI or SHLD?

AUMI has higher volatility (17.47%) compared to SHLD (9.05%). In terms of maximum drawdown, AUMI dropped -39.28% vs SHLD's -20.10%.

Which ETF is better, AUMI or SHLD?

On 1-year performance, AUMI leads with 38.17% vs 8.26% for SHLD. On fees, AUMI is cheaper at 0.35% per year. On volatility, SHLD has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUMI or SHLD?

Over the 1-year period, AUMI has performed better with a 38.17% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUMI or SHLD?

AUMI is cheaper with a 0.35% expense ratio, compared with 0.50% for SHLD.

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

AUMI has the higher dividend yield at 0.98%, compared with 0.56% for SHLD.

What is the main difference between AUMI and SHLD?

AUMI is categorized as Gold, while SHLD is Aerospace & Defense. AUMI tracks Solactive Global Pure Gold Miners Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Themes and Global X. Their fees differ too: 0.35% for AUMI and 0.50% for SHLD.

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (0.78 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.