FN vs. SHLD
FN (Fabrinet) 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, FN returned 137.77% vs 10.40% for SHLD. At a 0.27 correlation, their price movements are largely independent.
Performance
FN vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, FN achieves a 34.21% return, which is significantly higher than SHLD's -1.50% return.
FN
- 1D
- 4.94%
- 1M
- -12.22%
- YTD
- 34.21%
- 6M
- 29.76%
- 1Y
- 137.77%
- 3Y*
- 67.62%
- 5Y*
- 45.38%
- 10Y*
- 32.67%
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FN vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FN Fabrinet | 34.21% | 107.06% | 15.53% | 27.91% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between FN and SHLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.27 |
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Return for Risk
FN vs. SHLD — Risk / Return Rank
FN
SHLD
FN vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) 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.
| FN | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.09 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 0.52 | +5.70 |
| Martin ratioReturn relative to average drawdown | 15.46 | 1.28 | +14.17 |
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Drawdowns
FN vs. SHLD - Drawdown Comparison
The maximum FN drawdown since its inception was -70.46%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for FN and SHLD.
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Drawdown Indicators
| FN | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -20.10% | -50.36% |
Max Drawdown (1Y)Largest decline over 1 year | -22.27% | -20.10% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -37.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.11% | — | — |
Current DrawdownCurrent decline from peak | -18.15% | -18.20% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -22.58% | -3.34% | -19.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 8.12% | +0.83% |
Volatility
FN vs. SHLD - Volatility Comparison
Fabrinet (FN) has a higher volatility of 24.63% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that FN'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
| FN | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.63% | 9.05% | +15.58% |
Volatility (6M)Calculated over the trailing 6-month period | 56.18% | 19.94% | +36.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.07% | 24.55% | +42.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.67% | 21.29% | +32.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.29% | 21.29% | +27.00% |
Dividends
FN vs. SHLD - Dividend Comparison
FN has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FN Fabrinet | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
FN and SHLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FN has higher volatility (24.63%) compared to SHLD (9.05%). In terms of maximum drawdown, FN dropped -70.46% vs SHLD's -20.10%.
FN currently has the higher Sharpe Ratio (2.07 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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