FTWO vs. SHLD

Last updated Jul 18, 2026

FTWO (Strive Natural Resources and Security ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - FTWO is a Energy Equities fund tracking the Bloomberg Natural Resources and Security Total Return Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, FTWO returned 19.55% vs -1.74% for SHLD. A 0.54 correlation means they provide meaningful diversification when combined. FTWO charges 0.49%/yr vs 0.50%/yr for SHLD.

Performance

FTWO vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) 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, FTWO achieves a 5.02% return, which is significantly higher than SHLD's -7.00% return.

FTWO

• 1D: 0.32%
• 1M: -4.62%
• 6M: -3.52%
• YTD: 5.02%
• 1Y: 19.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: 0.28%
• 1M: -5.60%
• 6M: -22.66%
• YTD: -7.00%
• 1Y: -1.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTWO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	5.02%	43.06%	14.97%	2.27%
SHLD Global X Defense Tech ETF	-7.00%	74.16%	35.03%	12.89%

Correlation

The correlation between FTWO and SHLD is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.54

The correlation between FTWO and SHLD has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.

FTWO vs. SHLD - Sectors Allocation Comparison

Sectors	FTWO	SHLD
Industrials	33.1%	87.8%
Energy	27.9%	-
Basic Materials	26.8%	-
Utilities	11.2%	-
Consumer Defensive	1.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	12.2%

Return for Risk

FTWO vs. SHLD — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 34
FTWO Sharpe Ratio Rank: 37
FTWO Sortino Ratio Rank: 35
FTWO Omega Ratio Rank: 34
FTWO Calmar Ratio Rank: 33
FTWO Martin Ratio Rank: 30

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.

FTWO vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) 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.

	FTWO	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.05	-0.07	+1.12
Sortino ratio: Return per unit of downside risk	1.51	0.08	+1.42
Omega ratio: Gain probability vs. loss probability	1.18	1.01	+0.18
Calmar ratio: Return relative to maximum drawdown	1.35	-0.07	+1.42
Martin ratio: Return relative to average drawdown	3.25	-0.17	+3.42

FTWO vs. SHLD - Sharpe Ratio Comparison

The current FTWO Sharpe Ratio is 1.05, which is higher than the SHLD Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of FTWO 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

FTWO vs. SHLD - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, smaller than the maximum SHLD drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for FTWO and SHLD.

Drawdown Indicators

	FTWO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-25.40%	+7.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.55%	-25.40%	+10.85%
Current Drawdown Current decline from peak	-14.00%	-22.77%	+8.77%
Average Drawdown Average peak-to-trough decline	-3.79%	-3.93%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	10.40%	-4.37%

Volatility

FTWO vs. SHLD - Volatility Comparison

The current volatility for Strive Natural Resources and Security ETF (FTWO) is 3.64%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.21%. This indicates that FTWO 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

	FTWO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	8.21%	-4.57%
Volatility (6M) Calculated over the trailing 6-month period	14.74%	19.78%	-5.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	25.11%	-6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	21.52%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	21.52%	-2.33%

FTWO vs. SHLD - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

FTWO vs. SHLD - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 0.96%, more than SHLD's 0.71% yield.

Position	TTM	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	0.96%	1.02%	1.23%	0.59%
SHLD Global X Defense Tech ETF	0.71%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both FTWO and SHLD in my portfolio?

FTWO and SHLD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTWO or SHLD?

SHLD has higher volatility (8.21%) compared to FTWO (3.64%). In terms of maximum drawdown, FTWO dropped -18.17% vs SHLD's -25.40%.

Which ETF is better, FTWO or SHLD?

On 1-year performance, FTWO leads with 19.55% vs -1.74% for SHLD. On fees, FTWO is cheaper at 0.49% per year. On volatility, FTWO has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTWO or SHLD?

Over the 1-year period, FTWO has performed better with a 19.55% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTWO or SHLD?

FTWO is cheaper with a 0.49% expense ratio, compared with 0.50% for SHLD.

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

FTWO has the higher dividend yield at 0.96%, compared with 0.71% for SHLD.

What is the main difference between FTWO and SHLD?

FTWO is categorized as Energy Equities, while SHLD is Aerospace & Defense. FTWO tracks Bloomberg Natural Resources and Security Total Return Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Strive and Global X. Their fees differ too: 0.49% for FTWO and 0.50% for SHLD.

Which has better risk-adjusted returns?

FTWO currently has the higher Sharpe Ratio (1.05 vs -0.07), 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.