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 182.79% vs 10.40% for SHLD. At a 0.35 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 105.60% return, which is significantly higher than SHLD's -1.50% return.
MOD
- 1D
- 1.10%
- 1M
- -1.68%
- YTD
- 105.60%
- 6M
- 96.24%
- 1Y
- 182.79%
- 3Y*
- 103.03%
- 5Y*
- 73.98%
- 10Y*
- 39.93%
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MOD vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MOD Modine Manufacturing Company | 105.60% | 15.16% | 94.19% | 32.64% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between MOD and SHLD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.35 |
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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 | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.09 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 6.68 | 0.52 | +6.16 |
| Martin ratioReturn relative to average drawdown | 19.05 | 1.28 | +17.77 |
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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 -20.10%. 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% | -20.10% | -77.43% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -20.10% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -51.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | — | — |
Current DrawdownCurrent decline from peak | -10.55% | -18.20% | +7.65% |
Average DrawdownAverage peak-to-trough decline | -37.66% | -3.34% | -34.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 8.12% | +1.52% |
Volatility
MOD vs. SHLD - Volatility Comparison
Modine Manufacturing Company (MOD) has a higher volatility of 25.85% compared to Global X Defense Tech ETF (SHLD) at 9.05%. 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 | 25.85% | 9.05% | +16.80% |
Volatility (6M)Calculated over the trailing 6-month period | 52.74% | 19.94% | +32.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.82% | 24.55% | +42.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.36% | 21.29% | +39.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.84% | 21.29% | +37.55% |
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 0.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
MOD and SHLD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOD has higher volatility (25.85%) compared to SHLD (9.05%). In terms of maximum drawdown, MOD dropped -97.53% vs SHLD's -20.10%.
MOD currently has the higher Sharpe Ratio (2.75 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.
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