BFIX vs. SHLD

Last updated Apr 1, 2026

Compare and contrast key facts about Build Bond Innovation ETF (BFIX) and Global X Defense Tech ETF (SHLD).

BFIX and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BFIX is an actively managed fund by Build. It was launched on Feb 9, 2022. 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.

Performance

BFIX vs. SHLD - Performance Comparison

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

BFIX vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BFIX Build Bond Innovation ETF	1.25%	5.91%	12.95%	2.89%
SHLD Global X Defense Tech ETF	9.34%	74.16%	35.03%	12.89%

Returns By Period

In the year-to-date period, BFIX achieves a 1.25% return, which is significantly lower than SHLD's 9.34% return.

BFIX

• 1D: 0.17%
• 1M: -0.41%
• YTD: 1.25%
• 6M: 2.16%
• 1Y: 5.26%
• 3Y*: 7.75%
• 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)

BFIX vs. SHLD - Expense Ratio Comparison

BFIX has a 0.45% expense ratio, which is lower than SHLD's 0.50% expense ratio.

SHLD

Global X Defense Tech ETF

BFIX

Build Bond Innovation ETF

Return for Risk

BFIX vs. SHLD — Risk / Return Rank

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

BFIX

BFIX Risk / Return Rank: 89
BFIX Sharpe Ratio Rank: 86
BFIX Sortino Ratio Rank: 91
BFIX Omega Ratio Rank: 83
BFIX Calmar Ratio Rank: 96
BFIX Martin Ratio Rank: 91

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.

BFIX vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Build Bond Innovation ETF (BFIX) 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.

	BFIX	SHLD	Difference
Sharpe ratio Return per unit of total volatility	1.74	2.10	-0.36
Sortino ratio Return per unit of downside risk	2.66	2.75	-0.09
Omega ratio Gain probability vs. loss probability	1.33	1.36	-0.04
Calmar ratio Return relative to maximum drawdown	4.49	3.53	+0.96
Martin ratio Return relative to average drawdown	12.08	10.28	+1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BFIX vs. SHLD - Sharpe Ratio Comparison

The current BFIX Sharpe Ratio is 1.74, which is comparable to the SHLD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of BFIX and SHLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BFIX	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	2.10	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	2.53	-1.66

Correlation

The correlation between BFIX and SHLD is 0.26, 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

BFIX vs. SHLD - Dividend Comparison

BFIX's dividend yield for the trailing twelve months is around 3.58%, more than SHLD's 0.50% yield.

	TTM	2025	2024	2023	2022
BFIX Build Bond Innovation ETF	3.58%	3.73%	4.38%	4.30%	1.58%
SHLD Global X Defense Tech ETF	0.50%	0.55%	0.53%	0.26%	0.00%

Drawdowns

BFIX vs. SHLD - Drawdown Comparison

The maximum BFIX drawdown since its inception was -8.03%, smaller than the maximum SHLD drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for BFIX and SHLD.

Drawdown Indicators

	BFIX	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-8.03%	-15.06%	+7.03%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-15.06%	+13.84%
Current Drawdown Current decline from peak	-0.42%	-9.20%	+8.78%
Average Drawdown Average peak-to-trough decline	-2.85%	-2.57%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	5.17%	-4.71%

Volatility

BFIX vs. SHLD - Volatility Comparison

The current volatility for Build Bond Innovation ETF (BFIX) is 0.62%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.85%. This indicates that BFIX 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

	BFIX	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	8.85%	-8.23%
Volatility (6M) Calculated over the trailing 6-month period	2.24%	18.37%	-16.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	25.40%	-22.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.84%	20.70%	-15.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	20.70%	-15.86%