AZO vs. SHLD
AZO (AutoZone, Inc.) 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, AZO returned -15.40% vs 10.40% for SHLD. At a 0.16 correlation, their price movements are largely independent.
Performance
AZO vs. SHLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AZO achieves a -8.11% return, which is significantly lower than SHLD's -1.50% return.
AZO
- 1D
- 1.13%
- 1M
- -7.44%
- YTD
- -8.11%
- 6M
- -9.56%
- 1Y
- -15.40%
- 3Y*
- 8.78%
- 5Y*
- 17.45%
- 10Y*
- 15.33%
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AZO vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AZO AutoZone, Inc. | -8.11% | 5.92% | 23.84% | 2.32% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between AZO and SHLD is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.16 |
The correlation between AZO and SHLD shifts across timeframes, from 0.04 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AZO vs. SHLD — Risk / Return Rank
AZO
SHLD
AZO vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) 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.
| AZO | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.09 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.52 | -0.99 |
| Martin ratioReturn relative to average drawdown | -1.00 | 1.28 | -2.28 |
Loading charts...
Drawdowns
AZO vs. SHLD - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for AZO and SHLD.
Loading charts...
Drawdown Indicators
| AZO | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -20.10% | -26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -20.10% | -12.49% |
Max Drawdown (3Y)Largest decline over 3 years | -32.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | — | — |
Current DrawdownCurrent decline from peak | -28.44% | -18.20% | -10.24% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -3.34% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.50% | 8.12% | +7.38% |
Volatility
AZO vs. SHLD - Volatility Comparison
AutoZone, Inc. (AZO) has a higher volatility of 11.64% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that AZO'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.
Loading charts...
Volatility by Period
| AZO | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.64% | 9.05% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 19.94% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 24.55% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 21.29% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.48% | 21.29% | +5.19% |
Dividends
AZO vs. SHLD - Dividend Comparison
AZO 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 |
|---|---|---|---|---|
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
AZO and SHLD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZO has higher volatility (11.64%) compared to SHLD (9.05%). In terms of maximum drawdown, AZO dropped -46.32% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.57), 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.
Find the right allocation for AZO and SHLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer