IDEF vs. SHLD.TO
Compare and contrast key facts about iShares Defense Industrials Active ETF (IDEF) and Global X Defence Tech Index ETF (SHLD.TO).
IDEF and SHLD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDEF is an actively managed fund by iShares. It was launched on May 19, 2025. SHLD.TO is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index. It was launched on Apr 21, 2025.
Performance
IDEF vs. SHLD.TO - Performance Comparison
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IDEF vs. SHLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 6.20% | 23.05% |
SHLD.TO Global X Defence Tech Index ETF | 9.64% | 18.47% |
Different Trading Currencies
IDEF is traded in USD, while SHLD.TO is traded in CAD. To make them comparable, the SHLD.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDEF achieves a 6.20% return, which is significantly lower than SHLD.TO's 9.64% return.
IDEF
- 1D
- 4.15%
- 1M
- -8.78%
- YTD
- 6.20%
- 6M
- 3.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHLD.TO
- 1D
- 4.02%
- 1M
- -4.97%
- YTD
- 9.64%
- 6M
- 1.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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IDEF vs. SHLD.TO - Expense Ratio Comparison
IDEF has a 0.55% expense ratio, which is higher than SHLD.TO's 0.50% expense ratio.
Return for Risk
IDEF vs. SHLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) and Global X Defence Tech Index ETF (SHLD.TO). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IDEF | SHLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 1.85 | 1.83 | +0.02 |
Correlation
The correlation between IDEF and SHLD.TO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IDEF vs. SHLD.TO - Dividend Comparison
IDEF's dividend yield for the trailing twelve months is around 0.16%, which matches SHLD.TO's 0.16% yield.
| TTM | 2025 | |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 0.16% | 0.17% |
SHLD.TO Global X Defence Tech Index ETF | 0.16% | 0.18% |
Drawdowns
IDEF vs. SHLD.TO - Drawdown Comparison
The maximum IDEF drawdown since its inception was -14.63%, roughly equal to the maximum SHLD.TO drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for IDEF and SHLD.TO.
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Drawdown Indicators
| IDEF | SHLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -14.91% | +0.28% |
Current DrawdownCurrent decline from peak | -11.08% | -11.30% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -4.47% | +1.59% |
Volatility
IDEF vs. SHLD.TO - Volatility Comparison
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Volatility by Period
| IDEF | SHLD.TO | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 25.17% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 25.17% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 25.17% | -5.17% |