EMC vs. SHLD

Last updated Jun 4, 2026

EMC (Global X Emerging Markets Great Consumer ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - EMC is a Emerging Markets Diversified fund actively managed by Global X, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. EMC is actively managed, while SHLD is passively managed. Over the past year, EMC returned 39.53% vs 9.71% for SHLD. At a 0.35 correlation, their price movements are largely independent. EMC charges 0.75%/yr vs 0.50%/yr for SHLD.

Performance

EMC vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets Great Consumer ETF (EMC) 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, EMC achieves a 25.25% return, which is significantly higher than SHLD's -2.28% return.

EMC

• 1D: -1.64%
• 1M: 9.84%
• YTD: 25.25%
• 6M: 27.29%
• 1Y: 39.53%
• 3Y*: 17.56%
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.39%
• 1M: -7.01%
• YTD: -2.28%
• 6M: 1.71%
• 1Y: 9.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMC vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	25.25%	18.91%	3.75%	4.05%
SHLD Global X Defense Tech ETF	-2.28%	74.16%	35.03%	12.89%

Correlation

The correlation between EMC and SHLD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.35

EMC vs. SHLD - Sectors Allocation Comparison

Sectors	EMC	SHLD
Technology	42.4%	11.8%
Financial Services	22.7%	-
Consumer Cyclical	10.3%	-
Communication Services	8.1%	-
Industrials	4.5%	88.2%
Basic Materials	3.5%	-
Energy	3.0%	-
Healthcare	2.2%	-
Consumer Defensive	2.1%	-
Real Estate	1.4%	-
Utilities	-	-

Return for Risk

EMC vs. SHLD — Risk / Return Rank

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

EMC

EMC Risk / Return Rank: 58
EMC Sharpe Ratio Rank: 57
EMC Sortino Ratio Rank: 56
EMC Omega Ratio Rank: 57
EMC Calmar Ratio Rank: 58
EMC Martin Ratio Rank: 60

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 15

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.

EMC vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) 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.

	EMC	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.92	0.41	+1.51
Sortino ratio: Return per unit of downside risk	2.66	0.74	+1.92
Omega ratio: Gain probability vs. loss probability	1.35	1.08	+0.27
Calmar ratio: Return relative to maximum drawdown	2.86	0.49	+2.37
Martin ratio: Return relative to average drawdown	10.54	1.30	+9.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMC vs. SHLD - Sharpe Ratio Comparison

The current EMC Sharpe Ratio is 1.92, which is higher than the SHLD Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of EMC 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.

Sharpe Ratios by Period

	EMC	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	0.41	+1.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	2.00	-1.13

Drawdowns

EMC vs. SHLD - Drawdown Comparison

The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum SHLD drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for EMC and SHLD.

Drawdown Indicators

	EMC	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-20.10%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-20.10%	+6.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	—	—
Current Drawdown Current decline from peak	-1.64%	-18.85%	+17.21%
Average Drawdown Average peak-to-trough decline	-4.11%	-3.19%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	7.51%	-3.75%

Volatility

EMC vs. SHLD - Volatility Comparison

Global X Emerging Markets Great Consumer ETF (EMC) has a higher volatility of 9.03% compared to Global X Defense Tech ETF (SHLD) at 7.81%. This indicates that EMC'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

	EMC	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.03%	7.81%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	19.35%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	20.68%	24.05%	-3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	21.13%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	21.13%	-2.58%

EMC vs. SHLD - Expense Ratio Comparison

EMC has a 0.75% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

EMC vs. SHLD - Dividend Comparison

EMC's dividend yield for the trailing twelve months is around 0.63%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	0.63%	0.78%	1.13%	0.89%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both EMC and SHLD in my portfolio?

EMC and SHLD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMC or SHLD?

EMC has higher volatility (9.03%) compared to SHLD (7.81%). In terms of maximum drawdown, EMC dropped -18.38% vs SHLD's -20.10%.

Which ETF is better, EMC or SHLD?

On 1-year performance, EMC leads with 39.53% vs 9.71% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMC or SHLD?

Over the 1-year period, EMC has performed better with a 39.53% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMC or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.75% for EMC.

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

EMC has the higher dividend yield at 0.63%, compared with 0.56% for SHLD.

What is the main difference between EMC and SHLD?

EMC is categorized as Emerging Markets Diversified, while SHLD is Aerospace & Defense. Their fees differ too: 0.75% for EMC and 0.50% for SHLD.

Which has better risk-adjusted returns?

EMC currently has the higher Sharpe Ratio (1.92 vs 0.41), 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.