ITOCY vs. SHLD

Last updated Jun 9, 2026

ITOCY (Itochu Corp ADR) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, ITOCY returned 10.95% vs 8.97% for SHLD. At a 0.28 correlation, their price movements are largely independent.

Performance

ITOCY vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Itochu Corp ADR (ITOCY) 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, ITOCY achieves a -8.19% return, which is significantly lower than SHLD's -2.65% return.

ITOCY

• 1D: 1.57%
• 1M: -9.65%
• YTD: -8.19%
• 6M: -3.02%
• 1Y: 10.95%
• 3Y*: 15.64%
• 5Y*: 14.03%
• 10Y*: 18.48%

SHLD

• 1D: 0.03%
• 1M: -3.34%
• YTD: -2.65%
• 6M: -0.77%
• 1Y: 8.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITOCY vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITOCY Itochu Corp ADR	-8.19%	30.16%	22.57%	6.15%
SHLD Global X Defense Tech ETF	-2.65%	74.16%	35.03%	12.89%

Correlation

The correlation between ITOCY and SHLD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.28

Return for Risk

ITOCY vs. SHLD — Risk / Return Rank

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

ITOCY

ITOCY Risk / Return Rank: 53
ITOCY Sharpe Ratio Rank: 56
ITOCY Sortino Ratio Rank: 50
ITOCY Omega Ratio Rank: 48
ITOCY Calmar Ratio Rank: 54
ITOCY Martin Ratio Rank: 57

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 15
SHLD Sortino Ratio Rank: 16
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.

ITOCY vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Itochu Corp ADR (ITOCY) 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.

	ITOCY	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.41	0.37	+0.04
Sortino ratio: Return per unit of downside risk	0.77	0.70	+0.08
Omega ratio: Gain probability vs. loss probability	1.09	1.08	+0.01
Calmar ratio: Return relative to maximum drawdown	0.50	0.45	+0.05
Martin ratio: Return relative to average drawdown	1.37	1.16	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITOCY vs. SHLD - Sharpe Ratio Comparison

The current ITOCY Sharpe Ratio is 0.41, which is comparable to the SHLD Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of ITOCY 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

	ITOCY	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.37	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.98	-1.59

Drawdowns

ITOCY vs. SHLD - Drawdown Comparison

The maximum ITOCY drawdown since its inception was -69.11%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for ITOCY and SHLD.

Drawdown Indicators

	ITOCY	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-69.11%	-20.10%	-49.01%
Max Drawdown (1Y) Largest decline over 1 year	-22.03%	-20.10%	-1.93%
Max Drawdown (3Y) Largest decline over 3 years	-26.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.18%	—	—
Current Drawdown Current decline from peak	-20.80%	-19.16%	-1.64%
Average Drawdown Average peak-to-trough decline	-14.27%	-3.26%	-11.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.03%	7.78%	+0.25%

Volatility

ITOCY vs. SHLD - Volatility Comparison

The current volatility for Itochu Corp ADR (ITOCY) is 6.96%, while Global X Defense Tech ETF (SHLD) has a volatility of 7.64%. This indicates that ITOCY 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

	ITOCY	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	7.64%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	21.14%	19.39%	+1.75%
Volatility (1Y) Calculated over the trailing 1-year period	26.91%	24.20%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.23%	21.14%	+5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.99%	21.14%	+2.85%

Dividends

ITOCY vs. SHLD - Dividend Comparison

ITOCY 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	2022	2021	2020	2019	2018	2017	2016	2015
ITOCY Itochu Corp ADR	0.00%	1.07%	1.35%	0.00%	0.00%	0.00%	0.00%	1.85%	3.93%	2.83%	3.68%	3.30%
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 ITOCY and SHLD in my portfolio?

ITOCY and SHLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITOCY or SHLD?

SHLD has higher volatility (7.64%) compared to ITOCY (6.96%). In terms of maximum drawdown, ITOCY dropped -69.11% vs SHLD's -20.10%.

Which has better risk-adjusted returns?

ITOCY currently has the higher Sharpe Ratio (0.41 vs 0.37), 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.