ESLT vs. SHLD
ESLT (Elbit Systems Ltd) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, ESLT returned 98.98% vs 10.40% for SHLD. At a 0.47 correlation, their price movements are largely independent.
Performance
ESLT vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 48.00% return, which is significantly higher than SHLD's -1.50% return.
ESLT
- 1D
- -6.48%
- 1M
- 9.58%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 98.98%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESLT vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 7.45% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between ESLT and SHLD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.47 |
The correlation between ESLT and SHLD shifts across timeframes, from 0.47 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESLT vs. SHLD — Risk / Return Rank
ESLT
SHLD
ESLT vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.
| ESLT | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.09 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 0.52 | +3.31 |
| Martin ratioReturn relative to average drawdown | 10.61 | 1.28 | +9.33 |
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Drawdowns
ESLT vs. SHLD - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for ESLT and SHLD.
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Drawdown Indicators
| ESLT | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -20.10% | -33.69% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -20.10% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | — | — |
Current DrawdownCurrent decline from peak | -15.71% | -18.20% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -3.34% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 8.12% | +1.24% |
Volatility
ESLT vs. SHLD - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 19.89% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that ESLT'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.
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Volatility by Period
| ESLT | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 9.05% | +10.84% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 19.94% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.11% | 24.55% | +19.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 21.29% | +12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 21.29% | +8.13% |
Dividends
ESLT vs. SHLD - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.36%, less than SHLD's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
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% | 0.00% |
Frequently Asked Questions
ESLT and SHLD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (19.89%) compared to SHLD (9.05%). In terms of maximum drawdown, ESLT dropped -53.79% vs SHLD's -20.10%.
ESLT currently has the higher Sharpe Ratio (2.26 vs 0.43), 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.
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