DEFN.V vs. SHLD

Last updated Apr 2, 2026

Compare and contrast key facts about Defense Metals Corp (DEFN.V) and Global X Defense Tech ETF (SHLD).

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

DEFN.V vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Defense Metals Corp (DEFN.V) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

DEFN.V vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DEFN.V Defense Metals Corp	-13.46%	15.56%	15.38%	-7.14%
SHLD Global X Defense Tech ETF	14.85%	66.17%	46.63%	10.35%

Different Trading Currencies

DEFN.V is traded in CAD, while SHLD is traded in USD. To make them comparable, the SHLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DEFN.V achieves a -13.46% return, which is significantly lower than SHLD's 14.85% return.

DEFN.V

• 1D: 0.00%
• 1M: -23.73%
• YTD: -13.46%
• 6M: 40.62%
• 1Y: 55.17%
• 3Y*: -9.14%
• 5Y*: -10.87%
• 10Y*: —

SHLD

• 1D: 3.58%
• 1M: -3.12%
• YTD: 14.85%
• 6M: 4.73%
• 1Y: 52.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

DEFN.V vs. SHLD — Risk / Return Rank

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

DEFN.V

DEFN.V Risk / Return Rank: 62
DEFN.V Sharpe Ratio Rank: 59
DEFN.V Sortino Ratio Rank: 68
DEFN.V Omega Ratio Rank: 65
DEFN.V Calmar Ratio Rank: 61
DEFN.V Martin Ratio Rank: 58

SHLD

SHLD Risk / Return Rank: 92
SHLD Sharpe Ratio Rank: 93
SHLD Sortino Ratio Rank: 93
SHLD Omega Ratio Rank: 89
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.

DEFN.V vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defense Metals Corp (DEFN.V) 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.

	DEFN.V	SHLD	Difference
Sharpe ratio Return per unit of total volatility	0.54	2.13	-1.59
Sortino ratio Return per unit of downside risk	1.55	2.83	-1.28
Omega ratio Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio Return relative to maximum drawdown	0.99	3.61	-2.62
Martin ratio Return relative to average drawdown	1.90	9.73	-7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEFN.V vs. SHLD - Sharpe Ratio Comparison

The current DEFN.V Sharpe Ratio is 0.54, which is lower than the SHLD Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of DEFN.V 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

	DEFN.V	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	2.13	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	2.83	-2.81

Correlation

The correlation between DEFN.V and SHLD is 0.10, 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

DEFN.V vs. SHLD - Dividend Comparison

DEFN.V has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.48%.

	TTM	2025	2024	2023
DEFN.V Defense Metals Corp	0.00%	0.00%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.48%	0.55%	0.53%	0.26%

Drawdowns

DEFN.V vs. SHLD - Drawdown Comparison

The maximum DEFN.V drawdown since its inception was -89.58%, which is greater than SHLD's maximum drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for DEFN.V and SHLD.

Drawdown Indicators

	DEFN.V	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-89.58%	-15.06%	-74.52%
Max Drawdown (1Y) Largest decline over 1 year	-50.63%	-15.06%	-35.57%
Max Drawdown (5Y) Largest decline over 5 years	-84.21%	—	—
Current Drawdown Current decline from peak	-68.75%	-5.82%	-62.93%
Average Drawdown Average peak-to-trough decline	-57.20%	-2.58%	-54.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.28%	5.18%	+21.10%

Volatility

DEFN.V vs. SHLD - Volatility Comparison

Defense Metals Corp (DEFN.V) has a higher volatility of 17.06% compared to Global X Defense Tech ETF (SHLD) at 9.22%. This indicates that DEFN.V'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

	DEFN.V	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.06%	9.22%	+7.84%
Volatility (6M) Calculated over the trailing 6-month period	76.79%	18.21%	+58.58%
Volatility (1Y) Calculated over the trailing 1-year period	102.34%	24.66%	+77.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.36%	19.83%	+67.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.53%	19.83%	+78.70%