IDMO vs. SHLD

Last updated Jun 13, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, IDMO returned 24.72% vs 8.26% for SHLD. A 0.52 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.50%/yr for SHLD.

Performance

IDMO vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) 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, IDMO achieves a 8.17% return, which is significantly higher than SHLD's -1.50% return.

IDMO

• 1D: 1.36%
• 1M: -0.98%
• YTD: 8.17%
• 6M: 10.09%
• 1Y: 24.72%
• 3Y*: 25.21%
• 5Y*: 15.50%
• 10Y*: 12.64%

SHLD

• 1D: -2.04%
• 1M: -0.44%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDMO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IDMO Invesco S&P International Developed Momentum ETF	8.17%	42.17%	12.79%	8.38%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between IDMO and SHLD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.52

The correlation between IDMO and SHLD has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.

IDMO vs. SHLD - Sectors Allocation Comparison

Sectors	IDMO	SHLD
Financial Services	42.4%	-
Industrials	22.6%	88.2%
Basic Materials	10.2%	-
Utilities	8.4%	-
Technology	5.3%	11.8%
Consumer Defensive	2.5%	-
Communication Services	2.2%	-
Real Estate	2.0%	-
Energy	1.9%	-
Consumer Cyclical	1.4%	-
Healthcare	1.2%	-

Return for Risk

IDMO vs. SHLD — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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.

IDMO vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

	IDMO	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.30	0.43	+0.87
Sortino ratio: Return per unit of downside risk	1.93	0.78	+1.15
Omega ratio: Gain probability vs. loss probability	1.24	1.09	+0.15
Calmar ratio: Return relative to maximum drawdown	1.89	0.52	+1.37
Martin ratio: Return relative to average drawdown	7.64	1.28	+6.36

IDMO vs. SHLD - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.30, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of IDMO 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

IDMO vs. SHLD - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for IDMO and SHLD.

Drawdown Indicators

	IDMO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-20.10%	-19.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-20.10%	+7.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	—	—
Current Drawdown Current decline from peak	-1.92%	-18.20%	+16.28%
Average Drawdown Average peak-to-trough decline	-9.74%	-3.34%	-6.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	8.12%	-5.08%

Volatility

IDMO vs. SHLD - Volatility Comparison

The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 7.92%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that IDMO 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.

Volatility by Period

	IDMO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	9.05%	-1.13%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	19.94%	-3.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	24.55%	-6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	21.29%	-3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	21.29%	-3.11%

IDMO vs. SHLD - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

IDMO vs. SHLD - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDMO and SHLD in my portfolio?

IDMO and SHLD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or SHLD?

SHLD has higher volatility (9.05%) compared to IDMO (7.92%). In terms of maximum drawdown, IDMO dropped -39.38% vs SHLD's -20.10%.

Which ETF is better, IDMO or SHLD?

On 1-year performance, IDMO leads with 24.72% vs 8.26% for SHLD. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 7.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or SHLD?

Over the 1-year period, IDMO has performed better with a 24.72% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or SHLD?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.50% for SHLD.

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

IDMO has the higher dividend yield at 3.52%, compared with 0.56% for SHLD.

What is the main difference between IDMO and SHLD?

IDMO is categorized as Momentum, while SHLD is Aerospace & Defense. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.25% for IDMO and 0.50% for SHLD.

Which has better risk-adjusted returns?

IDMO currently has the higher Sharpe Ratio (1.30 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.