DIVI vs. SHLD

Last updated Jun 16, 2026

DIVI (Franklin International Core Dividend Tilt Index ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - DIVI is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, DIVI returned 27.63% vs 7.35% for SHLD. At a 0.43 correlation, their price movements are largely independent. DIVI charges 0.09%/yr vs 0.50%/yr for SHLD.

Performance

DIVI vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Core Dividend Tilt Index ETF (DIVI) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVI achieves a 12.31% return, which is significantly higher than SHLD's -2.33% return.

DIVI

• 1D: 0.30%
• 1M: 3.57%
• YTD: 12.31%
• 6M: 13.08%
• 1Y: 27.63%
• 3Y*: 17.55%
• 5Y*: 13.54%
• 10Y*: 11.60%

SHLD

• 1D: -0.85%
• 1M: 1.51%
• YTD: -2.33%
• 6M: -1.40%
• 1Y: 7.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVI vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DIVI Franklin International Core Dividend Tilt Index ETF	12.31%	34.86%	1.77%	8.52%
SHLD Global X Defense Tech ETF	-2.33%	74.16%	35.03%	12.89%

Correlation

The correlation between DIVI and SHLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.44

DIVI vs. SHLD - Sectors Allocation Comparison

Sectors	DIVI	SHLD
Financial Services	26.8%	-
Industrials	16.6%	87.8%
Technology	12.1%	12.2%
Healthcare	8.8%	-
Consumer Cyclical	7.1%	-
Consumer Defensive	6.8%	-
Basic Materials	5.8%	-
Communication Services	4.6%	-
Utilities	4.4%	-
Energy	4.3%	-
Real Estate	2.1%	-

Return for Risk

DIVI vs. SHLD — Risk / Return Rank

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

DIVI

DIVI Risk / Return Rank: 59
DIVI Sharpe Ratio Rank: 59
DIVI Sortino Ratio Rank: 59
DIVI Omega Ratio Rank: 58
DIVI Calmar Ratio Rank: 58
DIVI Martin Ratio Rank: 62

SHLD

SHLD Risk / Return Rank: 14
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 14
SHLD Omega Ratio Rank: 13
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 14

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.

DIVI vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) 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.

	DIVI	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.30	+1.51
Sortino ratio: Return per unit of downside risk	2.54	0.61	+1.93
Omega ratio: Gain probability vs. loss probability	1.32	1.07	+0.25
Calmar ratio: Return relative to maximum drawdown	2.63	0.37	+2.27
Martin ratio: Return relative to average drawdown	10.12	0.90	+9.22

DIVI vs. SHLD - Sharpe Ratio Comparison

The current DIVI Sharpe Ratio is 1.81, which is higher than the SHLD Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of DIVI and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVI vs. SHLD - Drawdown Comparison

The maximum DIVI drawdown since its inception was -27.76%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for DIVI and SHLD.

Drawdown Indicators

	DIVI	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-20.10%	-7.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-20.10%	+9.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	—	—
Current Drawdown Current decline from peak	0.00%	-18.89%	+18.89%
Average Drawdown Average peak-to-trough decline	-3.62%	-3.37%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	8.21%	-5.47%

Volatility

DIVI vs. SHLD - Volatility Comparison

The current volatility for Franklin International Core Dividend Tilt Index ETF (DIVI) is 5.63%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.07%. This indicates that DIVI experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVI	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	9.07%	-3.44%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	19.95%	-7.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	24.49%	-9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	21.28%	-5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	21.28%	-4.81%

DIVI vs. SHLD - Expense Ratio Comparison

DIVI has a 0.09% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

DIVI vs. SHLD - Dividend Comparison

DIVI's dividend yield for the trailing twelve months is around 3.49%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVI Franklin International Core Dividend Tilt Index ETF	3.49%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVI and SHLD in my portfolio?

DIVI and SHLD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVI or SHLD?

SHLD has higher volatility (9.07%) compared to DIVI (5.63%). In terms of maximum drawdown, DIVI dropped -27.76% vs SHLD's -20.10%.

Which ETF is better, DIVI or SHLD?

On 1-year performance, DIVI leads with 27.63% vs 7.35% for SHLD. On fees, DIVI is cheaper at 0.09% per year. On volatility, DIVI has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVI or SHLD?

Over the 1-year period, DIVI has performed better with a 27.63% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVI or SHLD?

DIVI is cheaper with a 0.09% expense ratio, compared with 0.50% for SHLD.

Which ETF pays a higher dividend yield, DIVI or SHLD?

DIVI has the higher dividend yield at 3.49%, compared with 0.56% for SHLD.

What is the main difference between DIVI and SHLD?

DIVI is categorized as Foreign Large Cap Equities, while SHLD is Aerospace & Defense. DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.09% for DIVI and 0.50% for SHLD.

Which has better risk-adjusted returns?

DIVI currently has the higher Sharpe Ratio (1.81 vs 0.30), 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.