COHR vs. SHLD
COHR (Coherent, 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, COHR returned 404.05% vs 8.97% for SHLD. At a 0.28 correlation, their price movements are largely independent.
Performance
COHR vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 117.77% return, which is significantly higher than SHLD's -2.65% return.
COHR
- 1D
- 6.62%
- 1M
- 19.89%
- YTD
- 117.77%
- 6M
- 116.25%
- 1Y
- 404.05%
- 3Y*
- 117.79%
- 5Y*
- 41.61%
- 10Y*
- 35.09%
SHLD
- 1D
- 0.03%
- 1M
- -3.34%
- YTD
- -2.65%
- 6M
- -0.77%
- 1Y
- 8.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COHR vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COHR Coherent, Inc. | 117.77% | 94.84% | 117.62% | 33.04% |
SHLD Global X Defense Tech ETF | -2.65% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between COHR and SHLD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.28 |
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Return for Risk
COHR vs. SHLD — Risk / Return Rank
COHR
SHLD
COHR vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) 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.
| COHR | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.08 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 15.36 | 0.45 | +14.91 |
| Martin ratioReturn relative to average drawdown | 42.88 | 1.16 | +41.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COHR | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.62 | 0.37 | +5.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.98 | -1.65 |
Drawdowns
COHR vs. SHLD - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for COHR and SHLD.
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Drawdown Indicators
| COHR | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -20.10% | -60.79% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -20.10% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | — | — |
Current DrawdownCurrent decline from peak | -5.85% | -19.16% | +13.31% |
Average DrawdownAverage peak-to-trough decline | -35.03% | -3.26% | -31.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 7.78% | +1.70% |
Volatility
COHR vs. SHLD - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 28.41% compared to Global X Defense Tech ETF (SHLD) at 7.64%. This indicates that COHR'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
| COHR | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.41% | 7.64% | +20.77% |
Volatility (6M)Calculated over the trailing 6-month period | 55.90% | 19.39% | +36.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 24.20% | +48.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.36% | 21.14% | +40.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.43% | 21.14% | +35.29% |
Dividends
COHR vs. SHLD - Dividend Comparison
COHR 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 |
|---|---|---|---|---|
COHR Coherent, 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
COHR and SHLD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (28.41%) compared to SHLD (7.64%). In terms of maximum drawdown, COHR dropped -80.89% vs SHLD's -20.10%.
COHR currently has the higher Sharpe Ratio (5.62 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.
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