NVDA vs. SHLD
NVDA (NVIDIA 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, NVDA returned 18.06% vs -2.37% for SHLD. At a 0.23 correlation, their price movements are largely independent.
Performance
NVDA vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, NVDA achieves a 9.13% return, which is significantly higher than SHLD's -7.05% return.
NVDA
- 1D
- 0.23%
- 1M
- -3.52%
- 6M
- 9.29%
- YTD
- 9.13%
- 1Y
- 18.06%
- 3Y*
- 66.27%
- 5Y*
- 60.07%
- 10Y*
- 65.23%
- ALL TIME*
- 36.39%
SHLD
- 1D
- -0.05%
- 1M
- -3.33%
- 6M
- -22.70%
- YTD
- -7.05%
- 1Y
- -2.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.29%
NVDA vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDA NVIDIA Corporation | 9.13% | 38.92% | 171.25% | 10.38% |
SHLD Global X Defense Tech ETF | -7.05% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between NVDA and SHLD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.23 |
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Return for Risk
NVDA vs. SHLD — Risk / Return Rank
NVDA
SHLD
NVDA vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.
| NVDA | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.09 | +0.99 |
| Martin ratioReturn relative to average drawdown | 1.90 | -0.23 | +2.13 |
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Drawdowns
NVDA vs. SHLD - Drawdown Comparison
The maximum NVDA drawdown since its inception was -89.72%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for NVDA and SHLD.
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Drawdown Indicators
| NVDA | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.72% | -25.40% | -64.32% |
Max Drawdown (1Y)Largest decline over 1 year | -20.21% | -25.40% | +5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -36.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.34% | — | — |
Current DrawdownCurrent decline from peak | -13.67% | -22.81% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -36.10% | -3.95% | -32.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 10.49% | -0.99% |
Volatility
NVDA vs. SHLD - Volatility Comparison
NVIDIA Corporation (NVDA) has a higher volatility of 10.95% compared to Global X Defense Tech ETF (SHLD) at 8.21%. This indicates that NVDA'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
| NVDA | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 8.21% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 27.74% | 19.76% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.88% | 25.13% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.81% | 21.51% | +30.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.92% | 21.51% | +28.41% |
Dividends
NVDA vs. SHLD - Dividend Comparison
NVDA's dividend yield for the trailing twelve months is around 0.14%, less than SHLD's 0.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
SHLD Global X Defense Tech ETF | 0.71% | 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
NVDA and SHLD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (10.95%) compared to SHLD (8.21%). In terms of maximum drawdown, NVDA dropped -89.72% vs SHLD's -25.40%.
NVDA currently has the higher Sharpe Ratio (0.51 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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