HIMZ vs. SHLD

Last updated Jun 24, 2026

HIMZ (Defiance Daily Target 2X Long HIMS ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - HIMZ is a Leveraged Equities fund actively managed by Defiance, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. HIMZ is actively managed, while SHLD is passively managed. Over the past year, HIMZ returned -79.25% vs 4.03% for SHLD. At a 0.21 correlation, their price movements are largely independent. HIMZ charges 1.31%/yr vs 0.50%/yr for SHLD.

Performance

HIMZ vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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, HIMZ achieves a -44.56% return, which is significantly lower than SHLD's -6.53% return.

HIMZ

• 1D: -3.64%
• 1M: 78.12%
• YTD: -44.56%
• 6M: -52.24%
• 1Y: -79.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -0.05%
• 1M: -7.05%
• YTD: -6.53%
• 6M: -8.73%
• 1Y: 4.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIMZ vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
HIMZ Defiance Daily Target 2X Long HIMS ETF	-44.56%	-69.65%
SHLD Global X Defense Tech ETF	-6.53%	41.24%

Correlation

The correlation between HIMZ and SHLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.21

HIMZ vs. SHLD - Sectors Allocation Comparison

Sectors	HIMZ	SHLD
Consumer Defensive	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	87.8%
Real Estate	-	-
Technology	-	12.2%
Utilities	-	-

Return for Risk

HIMZ vs. SHLD — Risk / Return Rank

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

HIMZ

HIMZ Risk / Return Rank: 5
HIMZ Sharpe Ratio Rank: 5
HIMZ Sortino Ratio Rank: 7
HIMZ Omega Ratio Rank: 7
HIMZ Calmar Ratio Rank: 2
HIMZ Martin Ratio Rank: 4

SHLD

SHLD Risk / Return Rank: 11
SHLD Sharpe Ratio Rank: 11
SHLD Sortino Ratio Rank: 11
SHLD Omega Ratio Rank: 10
SHLD Calmar Ratio Rank: 10
SHLD Martin Ratio Rank: 11

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.

HIMZ vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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.

	HIMZ	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	0.16	-0.60
Sortino ratio: Return per unit of downside risk	-0.01	0.41	-0.43
Omega ratio: Gain probability vs. loss probability	1.00	1.05	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.82	0.18	-1.00
Martin ratio: Return relative to average drawdown	-1.06	0.46	-1.53

HIMZ vs. SHLD - Sharpe Ratio Comparison

The current HIMZ Sharpe Ratio is -0.43, which is lower than the SHLD Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of HIMZ 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

HIMZ vs. SHLD - Drawdown Comparison

The maximum HIMZ drawdown since its inception was -98.18%, which is greater than SHLD's maximum drawdown of -22.38%. Use the drawdown chart below to compare losses from any high point for HIMZ and SHLD.

Drawdown Indicators

	HIMZ	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-98.18%	-22.38%	-75.80%
Max Drawdown (1Y) Largest decline over 1 year	-97.18%	-22.38%	-74.80%
Current Drawdown Current decline from peak	-93.98%	-22.38%	-71.60%
Average Drawdown Average peak-to-trough decline	-69.79%	-3.49%	-66.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.50%	8.69%	+65.81%

Volatility

HIMZ vs. SHLD - Volatility Comparison

Defiance Daily Target 2X Long HIMS ETF (HIMZ) has a higher volatility of 46.42% compared to Global X Defense Tech ETF (SHLD) at 9.04%. This indicates that HIMZ'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

	HIMZ	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.42%	9.04%	+37.38%
Volatility (6M) Calculated over the trailing 6-month period	136.27%	20.19%	+116.08%
Volatility (1Y) Calculated over the trailing 1-year period	195.06%	24.71%	+170.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.31%	21.33%	+178.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.31%	21.33%	+178.98%

HIMZ vs. SHLD - Expense Ratio Comparison

HIMZ has a 1.31% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

HIMZ vs. SHLD - Dividend Comparison

HIMZ's dividend yield for the trailing twelve months is around 4.41%, more than SHLD's 0.59% yield.

Position	TTM	2025	2024	2023
HIMZ Defiance Daily Target 2X Long HIMS ETF	4.41%	2.44%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.59%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both HIMZ and SHLD in my portfolio?

HIMZ and SHLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMZ or SHLD?

HIMZ has higher volatility (46.42%) compared to SHLD (9.04%). In terms of maximum drawdown, HIMZ dropped -98.18% vs SHLD's -22.38%.

Which ETF is better, HIMZ or SHLD?

On 1-year performance, SHLD leads with 4.03% vs -79.25% for HIMZ. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 9.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIMZ or SHLD?

Over the 1-year period, SHLD has performed better with a 4.03% return vs -79.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIMZ or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 1.31% for HIMZ.

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

HIMZ has the higher dividend yield at 4.41%, compared with 0.59% for SHLD.

What is the main difference between HIMZ and SHLD?

HIMZ is categorized as Leveraged Equities, while SHLD is Aerospace & Defense. They also come from different issuers: Defiance and Global X. Their fees differ too: 1.31% for HIMZ and 0.50% for SHLD.

Which has better risk-adjusted returns?

SHLD currently has the higher Sharpe Ratio (0.16 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.