IXJ vs. SHLD

Last updated Jun 14, 2026

IXJ (iShares Global Healthcare ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - IXJ is a Health & Biotech Equities fund tracking the S&P Global Healthcare Sector Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, IXJ returned 11.25% vs 8.26% for SHLD. At a 0.31 correlation, their price movements are largely independent. IXJ charges 0.46%/yr vs 0.50%/yr for SHLD.

Performance

IXJ vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Healthcare ETF (IXJ) 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, IXJ achieves a -1.18% return, which is significantly higher than SHLD's -1.50% return.

IXJ

• 1D: -0.24%
• 1M: 3.58%
• YTD: -1.18%
• 6M: -0.09%
• 1Y: 11.25%
• 3Y*: 5.65%
• 5Y*: 4.37%
• 10Y*: 8.43%

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)

IXJ vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IXJ iShares Global Healthcare ETF	-1.18%	14.99%	0.55%	2.70%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between IXJ and SHLD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.31

The correlation between IXJ and SHLD shifts across timeframes, from 0.20 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

IXJ vs. SHLD - Sectors Allocation Comparison

Sectors	IXJ	SHLD
Healthcare	98.9%	-
Consumer Defensive	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	87.8%
Real Estate	-	-
Technology	-	12.2%
Utilities	-	-

Return for Risk

IXJ vs. SHLD — Risk / Return Rank

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

IXJ

IXJ Risk / Return Rank: 22
IXJ Sharpe Ratio Rank: 22
IXJ Sortino Ratio Rank: 23
IXJ Omega Ratio Rank: 21
IXJ Calmar Ratio Rank: 23
IXJ Martin Ratio Rank: 21

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.

IXJ vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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.

	IXJ	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.43	+0.26
Sortino ratio: Return per unit of downside risk	1.14	0.78	+0.36
Omega ratio: Gain probability vs. loss probability	1.13	1.09	+0.04
Calmar ratio: Return relative to maximum drawdown	0.95	0.52	+0.43
Martin ratio: Return relative to average drawdown	2.29	1.28	+1.00

IXJ vs. SHLD - Sharpe Ratio Comparison

The current IXJ Sharpe Ratio is 0.69, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of IXJ 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

IXJ vs. SHLD - Drawdown Comparison

The maximum IXJ drawdown since its inception was -40.60%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for IXJ and SHLD.

Drawdown Indicators

	IXJ	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-20.10%	-20.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-20.10%	+9.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.35%	—	—
Current Drawdown Current decline from peak	-5.37%	-18.20%	+12.83%
Average Drawdown Average peak-to-trough decline	-6.92%	-3.34%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	8.12%	-3.60%

Volatility

IXJ vs. SHLD - Volatility Comparison

The current volatility for iShares Global Healthcare ETF (IXJ) is 4.81%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that IXJ 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

	IXJ	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	9.05%	-4.24%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	19.94%	-9.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	24.55%	-9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	21.29%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	21.29%	-5.59%

IXJ vs. SHLD - Expense Ratio Comparison

IXJ has a 0.46% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

IXJ vs. SHLD - Dividend Comparison

IXJ's dividend yield for the trailing twelve months is around 1.41%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXJ iShares Global Healthcare ETF	1.41%	1.40%	1.50%	1.38%	1.17%	1.12%	1.27%	1.42%	2.11%	1.46%	1.73%	2.85%
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 IXJ and SHLD in my portfolio?

IXJ and SHLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXJ or SHLD?

SHLD has higher volatility (9.05%) compared to IXJ (4.81%). In terms of maximum drawdown, IXJ dropped -40.60% vs SHLD's -20.10%.

Which ETF is better, IXJ or SHLD?

On 1-year performance, IXJ leads with 11.25% vs 8.26% for SHLD. On fees, IXJ is cheaper at 0.46% per year. On volatility, IXJ has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXJ or SHLD?

Over the 1-year period, IXJ has performed better with a 11.25% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXJ or SHLD?

IXJ is cheaper with a 0.46% expense ratio, compared with 0.50% for SHLD.

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

IXJ has the higher dividend yield at 1.41%, compared with 0.56% for SHLD.

What is the main difference between IXJ and SHLD?

IXJ is categorized as Health & Biotech Equities, while SHLD is Aerospace & Defense. IXJ tracks S&P Global Healthcare Sector Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.46% for IXJ and 0.50% for SHLD.

Which has better risk-adjusted returns?

IXJ currently has the higher Sharpe Ratio (0.69 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.