GOOGL vs. SHLD
GOOGL (Alphabet Inc. Class A) 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, GOOGL returned 106.51% vs 8.26% for SHLD. At a 0.18 correlation, their price movements are largely independent.
Performance
GOOGL vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 15.06% return, which is significantly higher than SHLD's -1.50% return.
GOOGL
- 1D
- 0.53%
- 1M
- -9.30%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 106.51%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOGL vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 3.21% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between GOOGL and SHLD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.18 |
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Return for Risk
GOOGL vs. SHLD — Risk / Return Rank
GOOGL
SHLD
GOOGL vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) 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.
| GOOGL | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.19 | ||
| Sortino ratioReturn per unit of downside risk | +4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.09 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 0.52 | +4.68 |
| Martin ratioReturn relative to average drawdown | 18.48 | 1.28 | +17.20 |
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Drawdowns
GOOGL vs. SHLD - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for GOOGL and SHLD.
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Drawdown Indicators
| GOOGL | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -20.10% | -45.19% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -20.10% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | — | — |
Current DrawdownCurrent decline from peak | -10.61% | -18.20% | +7.59% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -3.34% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 8.12% | -2.40% |
Volatility
GOOGL vs. SHLD - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 7.24%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that GOOGL 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.
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Volatility by Period
| GOOGL | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 9.05% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 19.94% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.31% | 24.55% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 21.29% | +10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 21.29% | +7.84% |
Dividends
GOOGL vs. SHLD - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, less than SHLD's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
GOOGL and SHLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.05%) compared to GOOGL (7.24%). In terms of maximum drawdown, GOOGL dropped -65.29% vs SHLD's -20.10%.
GOOGL currently has the higher Sharpe Ratio (3.62 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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