CEG vs. SHLD
CEG (Constellation Energy Corp) 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, CEG returned -15.08% vs 10.40% for SHLD. At a 0.30 correlation, their price movements are largely independent.
Performance
CEG vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -27.96% return, which is significantly lower than SHLD's -1.50% return.
CEG
- 1D
- 2.86%
- 1M
- -7.54%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -15.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEG vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 7.98% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between CEG and SHLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.30 |
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Return for Risk
CEG vs. SHLD — Risk / Return Rank
CEG
SHLD
CEG vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.09 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.52 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.78 | 1.28 | -2.06 |
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Drawdowns
CEG vs. SHLD - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for CEG and SHLD.
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Drawdown Indicators
| CEG | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -20.10% | -30.60% |
Max Drawdown (1Y)Largest decline over 1 year | -39.77% | -20.10% | -19.67% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | — | — |
Current DrawdownCurrent decline from peak | -36.93% | -18.20% | -18.73% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -3.34% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 8.12% | +11.26% |
Volatility
CEG vs. SHLD - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 15.26% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that CEG'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.
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Volatility by Period
| CEG | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 9.05% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 37.72% | 19.94% | +17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 24.55% | +22.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 21.29% | +28.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 21.29% | +28.09% |
Dividends
CEG vs. SHLD - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.64%, more than SHLD's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% |
Frequently Asked Questions
CEG and SHLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to SHLD (9.05%). In terms of maximum drawdown, CEG dropped -50.70% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.32), 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.
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