BTGD vs. SHLD

Last updated Apr 1, 2026

Compare and contrast key facts about STKD Bitcoin & Gold ETF (BTGD) and Global X Defense Tech ETF (SHLD).

BTGD and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTGD is an actively managed fund by Quantify Funds. It was launched on Oct 15, 2024. 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

BTGD vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STKD Bitcoin & Gold ETF (BTGD) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

BTGD vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTGD STKD Bitcoin & Gold ETF	-20.27%	34.62%	29.81%
SHLD Global X Defense Tech ETF	9.34%	74.16%	-3.08%

Returns By Period

In the year-to-date period, BTGD achieves a -20.27% return, which is significantly lower than SHLD's 9.34% return.

BTGD

• 1D: 5.80%
• 1M: -9.91%
• YTD: -20.27%
• 6M: -34.23%
• 1Y: 5.52%
• 3Y*: —
• 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)

BTGD vs. SHLD - Expense Ratio Comparison

BTGD has a 1.00% expense ratio, which is higher than SHLD's 0.50% expense ratio.

BTGD

STKD Bitcoin & Gold ETF

SHLD

Global X Defense Tech ETF

Return for Risk

BTGD vs. SHLD — Risk / Return Rank

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

BTGD

BTGD Risk / Return Rank: 17
BTGD Sharpe Ratio Rank: 15
BTGD Sortino Ratio Rank: 21
BTGD Omega Ratio Rank: 20
BTGD Calmar Ratio Rank: 15
BTGD Martin Ratio Rank: 14

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.

BTGD vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) 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.

	BTGD	SHLD	Difference
Sharpe ratio Return per unit of total volatility	0.10	2.10	-2.00
Sortino ratio Return per unit of downside risk	0.54	2.75	-2.21
Omega ratio Gain probability vs. loss probability	1.07	1.36	-0.30
Calmar ratio Return relative to maximum drawdown	0.11	3.53	-3.41
Martin ratio Return relative to average drawdown	0.27	10.28	-10.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTGD vs. SHLD - Sharpe Ratio Comparison

The current BTGD Sharpe Ratio is 0.10, which is lower than the SHLD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of BTGD 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

	BTGD	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	2.10	-2.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	2.53	-2.07

Correlation

The correlation between BTGD and SHLD is 0.40, 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

BTGD vs. SHLD - Dividend Comparison

BTGD's dividend yield for the trailing twelve months is around 4.22%, more than SHLD's 0.50% yield.

	TTM	2025	2024	2023
BTGD STKD Bitcoin & Gold ETF	4.22%	3.36%	0.19%	0.00%
SHLD Global X Defense Tech ETF	0.50%	0.55%	0.53%	0.26%

Drawdowns

BTGD vs. SHLD - Drawdown Comparison

The maximum BTGD drawdown since its inception was -45.14%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for BTGD and SHLD.

Drawdown Indicators

	BTGD	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-45.14%	-15.06%	-30.08%
Max Drawdown (1Y) Largest decline over 1 year	-45.14%	-15.06%	-30.08%
Current Drawdown Current decline from peak	-41.60%	-9.20%	-32.40%
Average Drawdown Average peak-to-trough decline	-11.98%	-2.57%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.83%	5.17%	+13.66%

Volatility

BTGD vs. SHLD - Volatility Comparison

STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 19.19% compared to Global X Defense Tech ETF (SHLD) at 8.85%. This indicates that BTGD'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

	BTGD	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.19%	8.85%	+10.34%
Volatility (6M) Calculated over the trailing 6-month period	48.05%	18.37%	+29.68%
Volatility (1Y) Calculated over the trailing 1-year period	56.78%	25.40%	+31.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.74%	20.70%	+36.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.74%	20.70%	+36.04%