BITS vs. SHLD

Last updated Jun 4, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, BITS returned 19.33% vs 9.71% for SHLD. At a 0.36 correlation, their price movements are largely independent. BITS charges 0.65%/yr vs 0.50%/yr for SHLD.

Performance

BITS vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) 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, BITS achieves a 4.17% return, which is significantly higher than SHLD's -2.28% return.

BITS

• 1D: -2.94%
• 1M: -1.76%
• YTD: 4.17%
• 6M: -6.53%
• 1Y: 19.33%
• 3Y*: 49.59%
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.39%
• 1M: -7.01%
• YTD: -2.28%
• 6M: 1.71%
• 1Y: 9.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITS vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BITS Global X Blockchain & Bitcoin Strategy ETF	4.17%	14.90%	61.84%	77.10%
SHLD Global X Defense Tech ETF	-2.28%	74.16%	35.03%	12.89%

Correlation

The correlation between BITS and SHLD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.36

BITS vs. SHLD - Sectors Allocation Comparison

Sectors	BITS	SHLD
Financial Services	72.9%	-
Technology	27.1%	11.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	88.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

BITS vs. SHLD — Risk / Return Rank

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

BITS

BITS Risk / Return Rank: 15
BITS Sharpe Ratio Rank: 14
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 14
BITS Martin Ratio Rank: 12

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 15

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.

BITS vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.

	BITS	SHLD	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.41	-0.04
Sortino ratio Return per unit of downside risk	0.86	0.74	+0.12
Omega ratio Gain probability vs. loss probability	1.10	1.08	+0.02
Calmar ratio Return relative to maximum drawdown	0.40	0.49	-0.08
Martin ratio Return relative to average drawdown	0.75	1.30	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITS vs. SHLD - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.37, which is comparable to the SHLD Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of BITS 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.

Sharpe Ratios by Period

	BITS	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.41	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	2.00	-1.98

Drawdowns

BITS vs. SHLD - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for BITS and SHLD.

Drawdown Indicators

	BITS	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-20.10%	-63.01%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-20.10%	-28.28%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	—	—
Current Drawdown Current decline from peak	-31.42%	-18.85%	-12.57%
Average Drawdown Average peak-to-trough decline	-42.76%	-3.19%	-39.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.68%	7.51%	+18.17%

Volatility

BITS vs. SHLD - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 12.83% compared to Global X Defense Tech ETF (SHLD) at 7.81%. This indicates that BITS'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

	BITS	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.83%	7.81%	+5.02%
Volatility (6M) Calculated over the trailing 6-month period	40.38%	19.35%	+21.03%
Volatility (1Y) Calculated over the trailing 1-year period	52.55%	24.05%	+28.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.91%	21.13%	+39.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.91%	21.13%	+39.78%

BITS vs. SHLD - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

BITS vs. SHLD - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 21.88%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	21.88%	22.80%	29.49%	13.69%	0.48%	1.90%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITS and SHLD in my portfolio?

BITS and SHLD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITS or SHLD?

BITS has higher volatility (12.83%) compared to SHLD (7.81%). In terms of maximum drawdown, BITS dropped -83.11% vs SHLD's -20.10%.

Which ETF is better, BITS or SHLD?

On 1-year performance, BITS leads with 19.33% vs 9.71% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or SHLD?

Over the 1-year period, BITS has performed better with a 19.33% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.65% for BITS.

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

BITS has the higher dividend yield at 21.88%, compared with 0.56% for SHLD.

What is the main difference between BITS and SHLD?

BITS is categorized as Cryptocurrency, while SHLD is Aerospace & Defense. BITS tracks NONE, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.65% for BITS and 0.50% for SHLD.

Which has better risk-adjusted returns?

SHLD currently has the higher Sharpe Ratio (0.41 vs 0.37), 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.