GNOM vs. SHLD

Last updated Jun 26, 2026

GNOM (Global X Genomics & Biotechnology ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - GNOM is a Health & Biotech Equities fund tracking the Solactive Genomics Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, GNOM returned 66.61% vs -0.23% for SHLD. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

GNOM vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Genomics & Biotechnology ETF (GNOM) 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, GNOM achieves a 20.90% return, which is significantly higher than SHLD's -10.17% return.

GNOM

• 1D: 2.19%
• 1M: 16.88%
• YTD: 20.90%
• 6M: 16.82%
• 1Y: 66.61%
• 3Y*: 4.83%
• 5Y*: -10.28%
• 10Y*: —

SHLD

• 1D: -1.15%
• 1M: -11.99%
• YTD: -10.17%
• 6M: -12.31%
• 1Y: -0.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GNOM vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GNOM Global X Genomics & Biotechnology ETF	20.90%	18.65%	-15.99%	5.17%
SHLD Global X Defense Tech ETF	-10.17%	74.16%	35.03%	12.89%

Correlation

The correlation between GNOM and SHLD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.35

GNOM vs. SHLD - Sectors Allocation Comparison

Sectors	GNOM	SHLD
Healthcare	99.7%	-
Technology	0.3%	12.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	87.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

GNOM vs. SHLD — Risk / Return Rank

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

GNOM

GNOM Risk / Return Rank: 78
GNOM Sharpe Ratio Rank: 87
GNOM Sortino Ratio Rank: 85
GNOM Omega Ratio Rank: 74
GNOM Calmar Ratio Rank: 80
GNOM Martin Ratio Rank: 67

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.

GNOM vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Genomics & Biotechnology ETF (GNOM) 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.

	GNOM	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.44	-0.01	+2.45
Sortino ratio: Return per unit of downside risk	3.28	0.17	+3.12
Omega ratio: Gain probability vs. loss probability	1.38	1.02	+0.36
Calmar ratio: Return relative to maximum drawdown	3.68	-0.01	+3.69
Martin ratio: Return relative to average drawdown	10.57	-0.03	+10.60

GNOM vs. SHLD - Sharpe Ratio Comparison

The current GNOM Sharpe Ratio is 2.44, which is higher than the SHLD Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of GNOM 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

GNOM vs. SHLD - Drawdown Comparison

The maximum GNOM drawdown since its inception was -75.00%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for GNOM and SHLD.

Drawdown Indicators

	GNOM	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-75.00%	-25.40%	-49.60%
Max Drawdown (1Y) Largest decline over 1 year	-18.17%	-25.40%	+7.23%
Max Drawdown (3Y) Largest decline over 3 years	-44.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.29%	—	—
Current Drawdown Current decline from peak	-50.04%	-25.40%	-24.64%
Average Drawdown Average peak-to-trough decline	-40.64%	-3.55%	-37.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	8.97%	-2.65%

Volatility

GNOM vs. SHLD - Volatility Comparison

Global X Genomics & Biotechnology ETF (GNOM) has a higher volatility of 9.74% compared to Global X Defense Tech ETF (SHLD) at 9.01%. This indicates that GNOM'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

	GNOM	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	9.01%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	20.61%	20.22%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	27.40%	24.85%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.70%	21.39%	+12.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.18%	21.39%	+12.79%

GNOM vs. SHLD - Expense Ratio Comparison

Both GNOM and SHLD have an expense ratio of 0.50%.

Dividends

GNOM vs. SHLD - Dividend Comparison

GNOM's dividend yield for the trailing twelve months is around 1.14%, more than SHLD's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GNOM Global X Genomics & Biotechnology ETF	1.14%	1.37%	0.00%	0.00%	0.00%	0.03%	0.14%
SHLD Global X Defense Tech ETF	0.61%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GNOM and SHLD in my portfolio?

GNOM and SHLD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNOM or SHLD?

GNOM has higher volatility (9.74%) compared to SHLD (9.01%). In terms of maximum drawdown, GNOM dropped -75.00% vs SHLD's -25.40%.

Which ETF is better, GNOM or SHLD?

On 1-year performance, GNOM leads with 66.61% vs -0.23% for SHLD. Both ETFs have the same 0.50% expense ratio. On volatility, SHLD has been the lower-risk option at 9.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GNOM or SHLD?

Over the 1-year period, GNOM has performed better with a 66.61% return vs -0.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GNOM or SHLD?

GNOM and SHLD have the same expense ratio: 0.50% per year.

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

GNOM has the higher dividend yield at 1.14%, compared with 0.61% for SHLD.

What is the main difference between GNOM and SHLD?

GNOM is categorized as Health & Biotech Equities, while SHLD is Aerospace & Defense. GNOM tracks Solactive Genomics Index, while SHLD tracks Global X Defense Tech Index.

Which has better risk-adjusted returns?

GNOM currently has the higher Sharpe Ratio (2.44 vs -0.01), 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.