GXTG vs. SHLD

Last updated Jun 4, 2026

GXTG (Global X Thematic Growth ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - GXTG is a Global Equities fund tracking the Solactive Thematic Growth Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, GXTG returned 22.25% vs 9.71% for SHLD. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

GXTG vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Thematic Growth ETF (GXTG) 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, GXTG achieves a 25.21% return, which is significantly higher than SHLD's -2.28% return.

GXTG

• 1D: -2.35%
• 1M: 8.75%
• YTD: 25.21%
• 6M: 20.12%
• 1Y: 22.25%
• 3Y*: 6.51%
• 5Y*: -7.87%
• 10Y*: —

SHLD

• 1D: -2.39%
• 1M: -7.01%
• YTD: -2.28%
• 6M: 1.71%
• 1Y: 9.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXTG vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GXTG Global X Thematic Growth ETF	25.21%	3.52%	-3.55%	-1.06%
SHLD Global X Defense Tech ETF	-2.28%	74.16%	35.03%	12.89%

Correlation

The correlation between GXTG and SHLD is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.38

GXTG vs. SHLD - Sectors Allocation Comparison

Sectors	GXTG	SHLD
Technology	22.3%	11.8%
Basic Materials	14.4%	-
Utilities	12.4%	-
Communication Services	11.7%	-
Consumer Cyclical	11.5%	-
Healthcare	10.5%	-
Industrials	8.0%	88.2%
Real Estate	6.9%	-
Financial Services	2.3%	-
Consumer Defensive	-	-
Energy	-	-

Return for Risk

GXTG vs. SHLD — Risk / Return Rank

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

GXTG

GXTG Risk / Return Rank: 23
GXTG Sharpe Ratio Rank: 25
GXTG Sortino Ratio Rank: 24
GXTG Omega Ratio Rank: 25
GXTG Calmar Ratio Rank: 21
GXTG Martin Ratio Rank: 19

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 15

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.

GXTG vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) 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.

	GXTG	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.88	0.41	+0.47
Sortino ratio: Return per unit of downside risk	1.32	0.74	+0.58
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.08
Calmar ratio: Return relative to maximum drawdown	0.91	0.49	+0.42
Martin ratio: Return relative to average drawdown	2.15	1.30	+0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GXTG vs. SHLD - Sharpe Ratio Comparison

The current GXTG Sharpe Ratio is 0.88, which is higher than the SHLD Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of GXTG 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.

Sharpe Ratios by Period

	GXTG	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.41	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	2.00	-1.88

Drawdowns

GXTG vs. SHLD - Drawdown Comparison

The maximum GXTG drawdown since its inception was -67.81%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for GXTG and SHLD.

Drawdown Indicators

	GXTG	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-67.81%	-20.10%	-47.71%
Max Drawdown (1Y) Largest decline over 1 year	-24.65%	-20.10%	-4.55%
Max Drawdown (3Y) Largest decline over 3 years	-31.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.17%	—	—
Current Drawdown Current decline from peak	-50.50%	-18.85%	-31.65%
Average Drawdown Average peak-to-trough decline	-43.09%	-3.19%	-39.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.35%	7.51%	+2.84%

Volatility

GXTG vs. SHLD - Volatility Comparison

Global X Thematic Growth ETF (GXTG) has a higher volatility of 10.21% compared to Global X Defense Tech ETF (SHLD) at 7.81%. This indicates that GXTG'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

	GXTG	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.21%	7.81%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	18.97%	19.35%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	25.52%	24.05%	+1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.63%	21.13%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.59%	21.13%	+8.46%

GXTG vs. SHLD - Expense Ratio Comparison

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

Dividends

GXTG vs. SHLD - Dividend Comparison

GXTG's dividend yield for the trailing twelve months is around 1.12%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GXTG Global X Thematic Growth ETF	1.12%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXTG and SHLD in my portfolio?

GXTG and SHLD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXTG or SHLD?

GXTG has higher volatility (10.21%) compared to SHLD (7.81%). In terms of maximum drawdown, GXTG dropped -67.81% vs SHLD's -20.10%.

Which ETF is better, GXTG or SHLD?

On 1-year performance, GXTG leads with 22.25% vs 9.71% for SHLD. Both ETFs have the same 0.50% expense ratio. On volatility, SHLD has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXTG or SHLD?

Over the 1-year period, GXTG has performed better with a 22.25% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXTG or SHLD?

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

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

GXTG has the higher dividend yield at 1.12%, compared with 0.56% for SHLD.

What is the main difference between GXTG and SHLD?

GXTG is categorized as Global Equities, while SHLD is Aerospace & Defense. GXTG tracks Solactive Thematic Growth Index, while SHLD tracks Global X Defense Tech Index.

Which has better risk-adjusted returns?

GXTG currently has the higher Sharpe Ratio (0.88 vs 0.41), 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.