EIS vs. SHLD

Last updated Jul 17, 2026

EIS (iShares MSCI Israel ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, EIS returned 30.28% vs -0.87% for SHLD. At a 0.37 correlation, their price movements are largely independent. EIS charges 0.59%/yr vs 0.50%/yr for SHLD.

Performance

EIS vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Israel ETF (EIS) 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, EIS achieves a 10.16% return, which is significantly higher than SHLD's -7.27% return.

EIS

• 1D: -1.96%
• 1M: -2.41%
• 6M: 1.58%
• YTD: 10.16%
• 1Y: 30.28%
• 3Y*: 30.87%
• 5Y*: 13.94%
• 10Y*: 10.94%

SHLD

• 1D: -0.61%
• 1M: -5.92%
• 6M: -22.32%
• YTD: -7.27%
• 1Y: -0.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EIS vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EIS iShares MSCI Israel ETF	10.16%	45.11%	34.50%	6.98%
SHLD Global X Defense Tech ETF	-7.27%	74.16%	35.03%	12.89%

Correlation

The correlation between EIS and SHLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.37

EIS vs. SHLD - Sectors Allocation Comparison

Sectors	EIS	SHLD
Financial Services	32.5%	-
Technology	20.0%	12.2%
Industrials	10.7%	87.8%
Healthcare	9.9%	-
Real Estate	8.9%	-
Utilities	6.7%	-
Consumer Cyclical	2.8%	-
Communication Services	2.4%	-
Consumer Defensive	1.8%	-
Energy	1.8%	-
Basic Materials	1.6%	-

Return for Risk

EIS vs. SHLD — Risk / Return Rank

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

EIS

EIS Risk / Return Rank: 47
EIS Sharpe Ratio Rank: 46
EIS Sortino Ratio Rank: 46
EIS Omega Ratio Rank: 44
EIS Calmar Ratio Rank: 54
EIS Martin Ratio Rank: 47

SHLD

SHLD Risk / Return Rank: 9
SHLD Sharpe Ratio Rank: 9
SHLD Sortino Ratio Rank: 9
SHLD Omega Ratio Rank: 9
SHLD Calmar Ratio Rank: 9
SHLD Martin Ratio Rank: 9

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.

EIS vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.

	EIS	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.32	-0.03	+1.35
Sortino ratio: Return per unit of downside risk	1.91	0.13	+1.78
Omega ratio: Gain probability vs. loss probability	1.23	1.01	+0.22
Calmar ratio: Return relative to maximum drawdown	2.19	-0.03	+2.22
Martin ratio: Return relative to average drawdown	6.23	-0.08	+6.32

EIS vs. SHLD - Sharpe Ratio Comparison

The current EIS Sharpe Ratio is 1.32, which is higher than the SHLD Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of EIS 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

EIS vs. SHLD - Drawdown Comparison

The maximum EIS drawdown since its inception was -51.94%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for EIS and SHLD.

Drawdown Indicators

	EIS	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-25.40%	-26.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-25.40%	+11.50%
Max Drawdown (3Y) Largest decline over 3 years	-24.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	—	—
Current Drawdown Current decline from peak	-11.97%	-22.99%	+11.02%
Average Drawdown Average peak-to-trough decline	-13.88%	-3.90%	-9.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	10.30%	-5.43%

Volatility

EIS vs. SHLD - Volatility Comparison

The current volatility for iShares MSCI Israel ETF (EIS) is 7.40%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.28%. This indicates that EIS 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

	EIS	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	8.28%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	18.48%	19.79%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	25.12%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.29%	21.54%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	21.54%	-0.28%

EIS vs. SHLD - Expense Ratio Comparison

EIS has a 0.59% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

EIS vs. SHLD - Dividend Comparison

EIS's dividend yield for the trailing twelve months is around 1.54%, more than SHLD's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIS iShares MSCI Israel ETF	1.54%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%
SHLD Global X Defense Tech ETF	0.71%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIS and SHLD in my portfolio?

EIS and SHLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIS or SHLD?

SHLD has higher volatility (8.28%) compared to EIS (7.40%). In terms of maximum drawdown, EIS dropped -51.94% vs SHLD's -25.40%.

Which ETF is better, EIS or SHLD?

On 1-year performance, EIS leads with 30.28% vs -0.87% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, EIS has been the lower-risk option at 7.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIS or SHLD?

Over the 1-year period, EIS has performed better with a 30.28% return vs -0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIS or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.59% for EIS.

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

EIS has the higher dividend yield at 1.54%, compared with 0.71% for SHLD.

What is the main difference between EIS and SHLD?

EIS is categorized as Foreign Large Cap Equities, while SHLD is Aerospace & Defense. EIS tracks MSCI Israel Capped Investable Market Index (Net), while SHLD tracks Global X Defense Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.59% for EIS and 0.50% for SHLD.

Which has better risk-adjusted returns?

EIS currently has the higher Sharpe Ratio (1.32 vs -0.03), 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.