MOD vs. SHLD
MOD (Modine Manufacturing Company) 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, MOD returned 133.10% vs -2.37% for SHLD. At a 0.33 correlation, their price movements are largely independent.
Performance
MOD vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, MOD achieves a 70.68% return, which is significantly higher than SHLD's -7.05% return.
MOD
- 1D
- -0.64%
- 1M
- -23.37%
- 6M
- 66.48%
- YTD
- 70.68%
- 1Y
- 133.10%
- 3Y*
- 83.92%
- 5Y*
- 68.96%
- 10Y*
- 37.53%
- ALL TIME*
- 10.69%
SHLD
- 1D
- -0.05%
- 1M
- -3.33%
- 6M
- -22.70%
- YTD
- -7.05%
- 1Y
- -2.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.29%
MOD vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MOD Modine Manufacturing Company | 70.68% | 15.16% | 94.19% | 32.64% |
SHLD Global X Defense Tech ETF | -7.05% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between MOD and SHLD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.33 |
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Return for Risk
MOD vs. SHLD — Risk / Return Rank
MOD
SHLD
MOD vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Modine Manufacturing Company (MOD) 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.
| MOD | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.00 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | -0.09 | +4.95 |
| Martin ratioReturn relative to average drawdown | 12.12 | -0.23 | +12.35 |
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Drawdowns
MOD vs. SHLD - Drawdown Comparison
The maximum MOD drawdown since its inception was -97.53%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for MOD and SHLD.
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Drawdown Indicators
| MOD | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -25.40% | -72.13% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -25.40% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -51.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | — | — |
Current DrawdownCurrent decline from peak | -25.75% | -22.81% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -37.60% | -3.95% | -33.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.03% | 10.49% | +0.54% |
Volatility
MOD vs. SHLD - Volatility Comparison
Modine Manufacturing Company (MOD) has a higher volatility of 18.86% compared to Global X Defense Tech ETF (SHLD) at 8.21%. This indicates that MOD'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.
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Volatility by Period
| MOD | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.86% | 8.21% | +10.65% |
Volatility (6M)Calculated over the trailing 6-month period | 50.77% | 19.76% | +31.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.35% | 25.13% | +43.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.64% | 21.51% | +39.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.97% | 21.51% | +37.46% |
Dividends
MOD vs. SHLD - Dividend Comparison
MOD has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.71% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
MOD and SHLD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOD has higher volatility (18.86%) compared to SHLD (8.21%). In terms of maximum drawdown, MOD dropped -97.53% vs SHLD's -25.40%.
MOD currently has the higher Sharpe Ratio (1.96 vs -0.10), 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.
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