LOCK.L vs. SHLD
Compare and contrast key facts about iShares Digital Security UCITS ETF USD Acc (LOCK.L) and Global X Defense Tech ETF (SHLD).
LOCK.L and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LOCK.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Sep 7, 2018. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both LOCK.L and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOCK.L or SHLD.
Key characteristics
| LOCK.L | SHLD | |
|---|---|---|
| YTD Return | 9.64% | 30.94% |
| 1Y Return | 23.09% | 45.94% |
| Sharpe Ratio | 1.34 | 3.25 |
| Daily Std Dev | 17.76% | 14.51% |
| Max Drawdown | -36.04% | -5.42% |
| Current Drawdown | 0.00% | -2.62% |
Correlation
The correlation between LOCK.L and SHLD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LOCK.L vs. SHLD - Performance Comparison
In the year-to-date period, LOCK.L achieves a 9.64% return, which is significantly lower than SHLD's 30.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LOCK.L vs. SHLD - Expense Ratio Comparison
LOCK.L has a 0.40% expense ratio, which is lower than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
LOCK.L vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Acc (LOCK.L) 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.
Dividends
LOCK.L vs. SHLD - Dividend Comparison
LOCK.L has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.36%.
| TTM | 2023 | |
|---|---|---|
LOCK.L iShares Digital Security UCITS ETF USD Acc | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.36% | 0.26% |
Drawdowns
LOCK.L vs. SHLD - Drawdown Comparison
The maximum LOCK.L drawdown since its inception was -36.04%, which is greater than SHLD's maximum drawdown of -5.42%. Use the drawdown chart below to compare losses from any high point for LOCK.L and SHLD. For additional features, visit the drawdowns tool.
Volatility
LOCK.L vs. SHLD - Volatility Comparison
The current volatility for iShares Digital Security UCITS ETF USD Acc (LOCK.L) is 4.40%, while Global X Defense Tech ETF (SHLD) has a volatility of 4.87%. This indicates that LOCK.L 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.