INEO vs. SHLD

Last updated Jun 6, 2026

INEO (INNEOVA Holdings Ltd) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. At a 0.10 correlation, their price movements are largely independent.

Performance

INEO vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in INNEOVA Holdings Ltd (INEO) 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, INEO achieves a 8.09% return, which is significantly higher than SHLD's -2.69% return.

INEO

• 1D: -7.42%
• 1M: -8.33%
• YTD: 8.09%
• 6M: -16.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -1.96%
• 1M: -7.22%
• YTD: -2.69%
• 6M: 0.71%
• 1Y: 8.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INEO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
INEO INNEOVA Holdings Ltd	8.09%	-23.12%
SHLD Global X Defense Tech ETF	-2.69%	2.99%

Correlation

The correlation between INEO and SHLD is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.10

Return for Risk

INEO vs. SHLD — Risk / Return Rank

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

SHLD

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

INEO vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for INNEOVA Holdings Ltd (INEO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	INEO	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	1.98	-2.23

Drawdowns

INEO vs. SHLD - Drawdown Comparison

The maximum INEO drawdown since its inception was -43.35%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for INEO and SHLD.

Drawdown Indicators

	INEO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-43.35%	-20.10%	-23.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.10%	—
Current Drawdown Current decline from peak	-31.57%	-19.19%	-12.38%
Average Drawdown Average peak-to-trough decline	-29.21%	-3.24%	-25.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.69%	—

Volatility

Volatility by Period

	INEO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	122.99%	24.16%	+98.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.99%	21.16%	+101.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.99%	21.16%	+101.83%

Dividends

INEO vs. SHLD - Dividend Comparison

INEO has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023
INEO INNEOVA Holdings Ltd	0.00%	0.00%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both INEO and SHLD in my portfolio?

INEO and SHLD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.