DFND.AS vs. SHLD
DFND.AS (iShares Global Aerospace & Defence UCITS ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. DFND.AS charges 0.35%/yr vs 0.50%/yr for SHLD.
Performance
DFND.AS vs. SHLD - Performance Comparison
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Returns By Period
DFND.AS
- 1D
- -1.10%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- 0.28%
- 1M
- -5.60%
- 6M
- -22.66%
- YTD
- -7.00%
- 1Y
- -1.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFND.AS vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DFND.AS iShares Global Aerospace & Defence UCITS ETF | -1.10% |
SHLD Global X Defense Tech ETF | -0.33% |
Correlation
The correlation between DFND.AS and SHLD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2026 | 1.00 |
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Return for Risk
DFND.AS vs. SHLD — Risk / Return Rank
DFND.AS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHLD
DFND.AS vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Aerospace & Defence UCITS ETF (DFND.AS) 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.
| DFND.AS | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.07 | — |
| Martin ratioReturn relative to average drawdown | — | -0.17 | — |
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Drawdowns
DFND.AS vs. SHLD - Drawdown Comparison
The maximum DFND.AS drawdown since its inception was -1.10%, smaller than the maximum SHLD drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for DFND.AS and SHLD.
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Drawdown Indicators
| DFND.AS | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.10% | -25.40% | +24.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.40% | — |
Current DrawdownCurrent decline from peak | -1.10% | -22.77% | +21.67% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -3.93% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.40% | — |
Volatility
DFND.AS vs. SHLD - Volatility Comparison
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Volatility by Period
| DFND.AS | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 25.11% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 21.52% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 21.52% | — |
DFND.AS vs. SHLD - Expense Ratio Comparison
DFND.AS has a 0.35% expense ratio, which is lower than SHLD's 0.50% expense ratio.
Dividends
DFND.AS vs. SHLD - Dividend Comparison
DFND.AS has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DFND.AS iShares Global Aerospace & Defence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.71% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
With a correlation of 1.00, DFND.AS and SHLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DFND.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFND.AS is cheaper with a 0.35% expense ratio, compared with 0.50% for SHLD.
DFND.AS is categorized as Industrials Equities, while SHLD is Aerospace & Defense. DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.35% for DFND.AS and 0.50% for SHLD.
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