DYLG vs. SHLD

Last updated Jul 14, 2026

DYLG (Global X Dow 30 Covered Call & Growth ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - DYLG is a Derivative Income fund tracking the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, DYLG returned 17.40% vs 0.92% for SHLD. At a 0.44 correlation, their price movements are largely independent. DYLG charges 0.35%/yr vs 0.50%/yr for SHLD.

Performance

DYLG vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call & Growth ETF (DYLG) 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, DYLG achieves a 7.60% return, which is significantly higher than SHLD's -6.37% return.

DYLG

• 1D: -0.20%
• 1M: 2.13%
• 6M: 5.46%
• YTD: 7.60%
• 1Y: 17.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -1.18%
• 1M: -4.95%
• 6M: -20.55%
• YTD: -6.37%
• 1Y: 0.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DYLG vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	7.60%	12.50%	14.46%	5.13%
SHLD Global X Defense Tech ETF	-6.37%	74.16%	35.03%	12.89%

Correlation

The correlation between DYLG and SHLD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.44

DYLG vs. SHLD - Sectors Allocation Comparison

Sectors	DYLG	SHLD
Financial Services	27.3%	-
Technology	19.1%	12.2%
Industrials	18.1%	87.8%
Healthcare	12.8%	-
Consumer Cyclical	11.0%	-
Consumer Defensive	4.1%	-
Basic Materials	3.7%	-
Energy	2.2%	-
Communication Services	1.8%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DYLG vs. SHLD — Risk / Return Rank

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

DYLG

DYLG Risk / Return Rank: 67
DYLG Sharpe Ratio Rank: 73
DYLG Sortino Ratio Rank: 75
DYLG Omega Ratio Rank: 74
DYLG Calmar Ratio Rank: 53
DYLG Martin Ratio Rank: 61

SHLD

SHLD Risk / Return Rank: 10
SHLD Sharpe Ratio Rank: 10
SHLD Sortino Ratio Rank: 10
SHLD Omega Ratio Rank: 10
SHLD Calmar Ratio Rank: 10
SHLD Martin Ratio Rank: 10

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.

DYLG vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) 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.

	DYLG	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.86	0.04	+1.82
Sortino ratio: Return per unit of downside risk	2.69	0.24	+2.45
Omega ratio: Gain probability vs. loss probability	1.35	1.03	+0.32
Calmar ratio: Return relative to maximum drawdown	2.10	0.04	+2.07
Martin ratio: Return relative to average drawdown	8.56	0.09	+8.47

DYLG vs. SHLD - Sharpe Ratio Comparison

The current DYLG Sharpe Ratio is 1.86, which is higher than the SHLD Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of DYLG 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

DYLG vs. SHLD - Drawdown Comparison

The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum SHLD drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for DYLG and SHLD.

Drawdown Indicators

	DYLG	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-13.98%	-25.40%	+11.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-25.40%	+17.09%
Current Drawdown Current decline from peak	-0.46%	-22.25%	+21.79%
Average Drawdown Average peak-to-trough decline	-1.80%	-3.82%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	9.99%	-7.95%

Volatility

DYLG vs. SHLD - Volatility Comparison

The current volatility for Global X Dow 30 Covered Call & Growth ETF (DYLG) is 1.88%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.71%. This indicates that DYLG 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

	DYLG	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	9.71%	-7.83%
Volatility (6M) Calculated over the trailing 6-month period	7.70%	20.10%	-12.40%
Volatility (1Y) Calculated over the trailing 1-year period	9.43%	25.23%	-15.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.34%	21.57%	-10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	21.57%	-10.23%

DYLG vs. SHLD - Expense Ratio Comparison

DYLG has a 0.35% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

DYLG vs. SHLD - Dividend Comparison

DYLG's dividend yield for the trailing twelve months is around 9.29%, more than SHLD's 0.70% yield.

Position	TTM	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	9.29%	9.63%	16.55%	1.38%
SHLD Global X Defense Tech ETF	0.70%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both DYLG and SHLD in my portfolio?

DYLG and SHLD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYLG or SHLD?

SHLD has higher volatility (9.71%) compared to DYLG (1.88%). In terms of maximum drawdown, DYLG dropped -13.98% vs SHLD's -25.40%.

Which ETF is better, DYLG or SHLD?

On 1-year performance, DYLG leads with 17.40% vs 0.92% for SHLD. On fees, DYLG is cheaper at 0.35% per year. On volatility, DYLG has been the lower-risk option at 1.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYLG or SHLD?

Over the 1-year period, DYLG has performed better with a 17.40% return vs 0.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYLG or SHLD?

DYLG is cheaper with a 0.35% expense ratio, compared with 0.50% for SHLD.

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

DYLG has the higher dividend yield at 9.29%, compared with 0.70% for SHLD.

What is the main difference between DYLG and SHLD?

DYLG is categorized as Derivative Income, while SHLD is Aerospace & Defense. DYLG tracks Cboe DJIA Half BuyWrite Index - Benchmark TR Gross, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.35% for DYLG and 0.50% for SHLD.

Which has better risk-adjusted returns?

DYLG currently has the higher Sharpe Ratio (1.86 vs 0.04), 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.