LRCX vs. SHLD

Last updated Jun 9, 2026

LRCX (Lam Research Corporation) 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, LRCX returned 278.49% vs 8.97% for SHLD. At a 0.24 correlation, their price movements are largely independent.

Performance

LRCX vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lam Research Corporation (LRCX) 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, LRCX achieves a 89.76% return, which is significantly higher than SHLD's -2.65% return.

LRCX

• 1D: 6.98%
• 1M: 10.34%
• YTD: 89.76%
• 6M: 99.61%
• 1Y: 278.49%
• 3Y*: 76.58%
• 5Y*: 40.10%
• 10Y*: 46.35%

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)

LRCX vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LRCX Lam Research Corporation	89.76%	139.16%	-6.84%	19.24%
SHLD Global X Defense Tech ETF	-2.65%	74.16%	35.03%	12.89%

Correlation

The correlation between LRCX and SHLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.24

Return for Risk

LRCX vs. SHLD — Risk / Return Rank

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

LRCX

LRCX Risk / Return Rank: 98
LRCX Sharpe Ratio Rank: 99
LRCX Sortino Ratio Rank: 97
LRCX Omega Ratio Rank: 96
LRCX Calmar Ratio Rank: 99
LRCX Martin Ratio Rank: 99

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.

LRCX vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lam Research Corporation (LRCX) 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.

	LRCX	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	5.46	0.37	+5.08
Sortino ratio: Return per unit of downside risk	4.54	0.70	+3.84
Omega ratio: Gain probability vs. loss probability	1.60	1.08	+0.52
Calmar ratio: Return relative to maximum drawdown	14.02	0.45	+13.57
Martin ratio: Return relative to average drawdown	47.19	1.16	+46.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRCX vs. SHLD - Sharpe Ratio Comparison

The current LRCX Sharpe Ratio is 5.46, which is higher than the SHLD Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of LRCX 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

	LRCX	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.46	0.37	+5.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.98	-1.55

Drawdowns

LRCX vs. SHLD - Drawdown Comparison

The maximum LRCX drawdown since its inception was -87.90%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for LRCX and SHLD.

Drawdown Indicators

	LRCX	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-87.90%	-20.10%	-67.80%
Max Drawdown (1Y) Largest decline over 1 year	-20.01%	-20.10%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-47.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.39%	—	—
Current Drawdown Current decline from peak	-5.60%	-19.16%	+13.56%
Average Drawdown Average peak-to-trough decline	-28.18%	-3.26%	-24.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	7.78%	-1.85%

Volatility

LRCX vs. SHLD - Volatility Comparison

Lam Research Corporation (LRCX) has a higher volatility of 18.51% compared to Global X Defense Tech ETF (SHLD) at 7.64%. This indicates that LRCX's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRCX	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.51%	7.64%	+10.87%
Volatility (6M) Calculated over the trailing 6-month period	42.13%	19.39%	+22.74%
Volatility (1Y) Calculated over the trailing 1-year period	51.52%	24.20%	+27.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.25%	21.14%	+25.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.76%	21.14%	+23.62%

Dividends

LRCX vs. SHLD - Dividend Comparison

LRCX's dividend yield for the trailing twelve months is around 0.31%, less than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LRCX Lam Research Corporation	0.31%	0.57%	1.19%	0.95%	1.53%	0.78%	1.04%	1.54%	2.79%	1.01%	1.28%	1.36%
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 LRCX and SHLD in my portfolio?

LRCX and SHLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LRCX or SHLD?

LRCX has higher volatility (18.51%) compared to SHLD (7.64%). In terms of maximum drawdown, LRCX dropped -87.90% vs SHLD's -20.10%.

Which has better risk-adjusted returns?

LRCX currently has the higher Sharpe Ratio (5.46 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.