FNGS vs. SHLD

Last updated Jun 13, 2026

FNGS (MicroSectors FANG+ ETN) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, FNGS returned 17.02% vs 10.40% for SHLD. At a 0.32 correlation, their price movements are largely independent. FNGS charges 0.58%/yr vs 0.50%/yr for SHLD.

Performance

FNGS vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) 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, FNGS achieves a 6.79% return, which is significantly higher than SHLD's -1.50% return.

FNGS

• 1D: -0.94%
• 1M: -3.20%
• YTD: 6.79%
• 6M: 4.25%
• 1Y: 17.02%
• 3Y*: 29.80%
• 5Y*: 19.76%
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: 0.05%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 10.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGS vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FNGS MicroSectors FANG+ ETN	6.79%	18.64%	51.99%	11.23%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between FNGS 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 13, 2023	0.32

FNGS vs. SHLD - Sectors Allocation Comparison

Sectors	FNGS	SHLD
Technology	59.9%	11.8%
Communication Services	28.8%	-
Consumer Cyclical	11.3%	-
Financial Services	10.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	88.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

FNGS vs. SHLD — Risk / Return Rank

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

FNGS

FNGS Risk / Return Rank: 23
FNGS Sharpe Ratio Rank: 25
FNGS Sortino Ratio Rank: 24
FNGS Omega Ratio Rank: 24
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 20

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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.

FNGS vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) 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.

	FNGS	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.43	+0.36
Sortino ratio: Return per unit of downside risk	1.19	0.78	+0.41
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.06
Calmar ratio: Return relative to maximum drawdown	0.75	0.52	+0.23
Martin ratio: Return relative to average drawdown	2.12	1.28	+0.84

FNGS vs. SHLD - Sharpe Ratio Comparison

The current FNGS Sharpe Ratio is 0.79, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of FNGS 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

FNGS vs. SHLD - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for FNGS and SHLD.

Drawdown Indicators

	FNGS	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-20.10%	-28.88%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	-20.10%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	—	—
Current Drawdown Current decline from peak	-9.63%	-18.20%	+8.57%
Average Drawdown Average peak-to-trough decline	-10.85%	-3.34%	-7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.05%	8.12%	-0.07%

Volatility

FNGS vs. SHLD - Volatility Comparison

MicroSectors FANG+ ETN (FNGS) and Global X Defense Tech ETF (SHLD) have volatilities of 8.74% and 9.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGS	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.74%	9.05%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	17.19%	19.94%	-2.75%
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	24.55%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.10%	21.29%	+8.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.17%	21.29%	+9.88%

FNGS vs. SHLD - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

FNGS vs. SHLD - Dividend Comparison

FNGS 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
FNGS MicroSectors FANG+ ETN	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

Can I hold both FNGS and SHLD in my portfolio?

FNGS 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, FNGS or SHLD?

SHLD has higher volatility (9.05%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs SHLD's -20.10%.

Which ETF is better, FNGS or SHLD?

On 1-year performance, FNGS leads with 17.02% vs 10.40% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, FNGS has been the lower-risk option at 8.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGS or SHLD?

Over the 1-year period, FNGS has performed better with a 17.02% return vs 10.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGS or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.58% for FNGS.

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

SHLD has the higher dividend yield at 0.56%, compared with 0.00% for FNGS.

What is the main difference between FNGS and SHLD?

FNGS is categorized as Large Cap Growth Equities, while SHLD is Aerospace & Defense. FNGS tracks NYSE FANG+ Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: BMO and Global X. Their fees differ too: 0.58% for FNGS and 0.50% for SHLD.

Which has better risk-adjusted returns?

FNGS currently has the higher Sharpe Ratio (0.79 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.