KRMA vs. SHLD

Last updated Jun 5, 2026

KRMA (Global X Conscious Companies ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - KRMA is a Large Cap Growth Equities fund tracking the Concinnity Conscious Companies Index GTR Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, KRMA returned 28.28% vs 11.52% for SHLD. At a 0.45 correlation, their price movements are largely independent. KRMA charges 0.43%/yr vs 0.50%/yr for SHLD.

Performance

KRMA vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Conscious Companies ETF (KRMA) 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, KRMA achieves a 12.23% return, which is significantly higher than SHLD's -0.74% return.

KRMA

• 1D: 0.38%
• 1M: 5.83%
• YTD: 12.23%
• 6M: 12.43%
• 1Y: 28.28%
• 3Y*: 19.17%
• 5Y*: 10.98%
• 10Y*: —

SHLD

• 1D: 1.58%
• 1M: -4.77%
• YTD: -0.74%
• 6M: 2.22%
• 1Y: 11.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KRMA vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KRMA Global X Conscious Companies ETF	12.23%	13.98%	18.12%	8.61%
SHLD Global X Defense Tech ETF	-0.74%	74.16%	35.03%	12.89%

Correlation

The correlation between KRMA and SHLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.45

KRMA vs. SHLD - Sectors Allocation Comparison

Sectors	KRMA	SHLD
Technology	41.8%	11.8%
Financial Services	11.5%	-
Consumer Cyclical	10.8%	-
Communication Services	9.4%	-
Healthcare	8.7%	-
Industrials	7.1%	88.2%
Consumer Defensive	3.5%	-
Energy	2.7%	-
Real Estate	1.9%	-
Basic Materials	1.6%	-
Utilities	0.9%	-

Return for Risk

KRMA vs. SHLD — Risk / Return Rank

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

KRMA

KRMA Risk / Return Rank: 71
KRMA Sharpe Ratio Rank: 72
KRMA Sortino Ratio Rank: 71
KRMA Omega Ratio Rank: 69
KRMA Calmar Ratio Rank: 67
KRMA Martin Ratio Rank: 75

SHLD

SHLD Risk / Return Rank: 17
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 18
SHLD Omega Ratio Rank: 17
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.

KRMA vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Conscious Companies ETF (KRMA) 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.

	KRMA	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.31	0.48	+1.83
Sortino ratio: Return per unit of downside risk	3.19	0.84	+2.35
Omega ratio: Gain probability vs. loss probability	1.41	1.10	+0.31
Calmar ratio: Return relative to maximum drawdown	3.29	0.58	+2.72
Martin ratio: Return relative to average drawdown	13.96	1.52	+12.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KRMA vs. SHLD - Sharpe Ratio Comparison

The current KRMA Sharpe Ratio is 2.31, which is higher than the SHLD Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of KRMA 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

	KRMA	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	0.48	+1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	2.03	-1.28

Drawdowns

KRMA vs. SHLD - Drawdown Comparison

The maximum KRMA drawdown since its inception was -36.16%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for KRMA and SHLD.

Drawdown Indicators

	KRMA	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-36.16%	-20.10%	-16.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-20.10%	+11.48%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.12%	—	—
Current Drawdown Current decline from peak	-0.65%	-17.57%	+16.92%
Average Drawdown Average peak-to-trough decline	-4.91%	-3.21%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	7.60%	-5.57%

Volatility

KRMA vs. SHLD - Volatility Comparison

The current volatility for Global X Conscious Companies ETF (KRMA) is 3.07%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.02%. This indicates that KRMA 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

	KRMA	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	8.02%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	19.39%	-10.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	24.08%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	21.14%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.50%	21.14%	-2.64%

KRMA vs. SHLD - Expense Ratio Comparison

KRMA has a 0.43% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

KRMA vs. SHLD - Dividend Comparison

KRMA's dividend yield for the trailing twelve months is around 2.31%, more than SHLD's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KRMA Global X Conscious Companies ETF	2.31%	2.59%	0.91%	1.16%	0.86%	1.07%	0.96%	1.52%	1.82%	1.21%	0.96%
SHLD Global X Defense Tech ETF	0.55%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KRMA and SHLD in my portfolio?

KRMA and SHLD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KRMA or SHLD?

SHLD has higher volatility (8.02%) compared to KRMA (3.07%). In terms of maximum drawdown, KRMA dropped -36.16% vs SHLD's -20.10%.

Which ETF is better, KRMA or SHLD?

On 1-year performance, KRMA leads with 28.28% vs 11.52% for SHLD. On fees, KRMA is cheaper at 0.43% per year. On volatility, KRMA has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KRMA or SHLD?

Over the 1-year period, KRMA has performed better with a 28.28% return vs 11.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KRMA or SHLD?

KRMA is cheaper with a 0.43% expense ratio, compared with 0.50% for SHLD.

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

KRMA has the higher dividend yield at 2.31%, compared with 0.55% for SHLD.

What is the main difference between KRMA and SHLD?

KRMA is categorized as Large Cap Growth Equities, while SHLD is Aerospace & Defense. KRMA tracks Concinnity Conscious Companies Index GTR Index, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.43% for KRMA and 0.50% for SHLD.

Which has better risk-adjusted returns?

KRMA currently has the higher Sharpe Ratio (2.31 vs 0.48), 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.