PPTA vs. SHLD
PPTA (Perpetua Resources Corp) 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, PPTA returned 31.89% vs 8.97% for SHLD. At a 0.33 correlation, their price movements are largely independent.
Performance
PPTA vs. SHLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPTA achieves a -5.37% return, which is significantly lower than SHLD's -2.65% return.
PPTA
- 1D
- 1.15%
- 1M
- -23.51%
- YTD
- -5.37%
- 6M
- -9.30%
- 1Y
- 31.89%
- 3Y*
- 71.90%
- 5Y*
- 22.69%
- 10Y*
- —
SHLD
- 1D
- 0.03%
- 1M
- -3.34%
- YTD
- -2.65%
- 6M
- -0.77%
- 1Y
- 8.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPTA vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPTA Perpetua Resources Corp | -5.37% | 126.90% | 236.59% | -8.38% |
SHLD Global X Defense Tech ETF | -2.65% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between PPTA and SHLD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PPTA vs. SHLD — Risk / Return Rank
PPTA
SHLD
PPTA vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perpetua Resources Corp (PPTA) 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.
| PPTA | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.45 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.90 | 1.16 | +0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PPTA | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.37 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.98 | -1.68 |
Drawdowns
PPTA vs. SHLD - Drawdown Comparison
The maximum PPTA drawdown since its inception was -81.78%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for PPTA and SHLD.
Loading charts...
Drawdown Indicators
| PPTA | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.78% | -20.10% | -61.68% |
Max Drawdown (1Y)Largest decline over 1 year | -39.15% | -20.10% | -19.05% |
Max Drawdown (3Y)Largest decline over 3 years | -39.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.78% | — | — |
Current DrawdownCurrent decline from peak | -38.45% | -19.16% | -19.29% |
Average DrawdownAverage peak-to-trough decline | -38.73% | -3.26% | -35.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 7.78% | +9.14% |
Volatility
PPTA vs. SHLD - Volatility Comparison
Perpetua Resources Corp (PPTA) has a higher volatility of 24.72% compared to Global X Defense Tech ETF (SHLD) at 7.64%. This indicates that PPTA'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.
Loading charts...
Volatility by Period
| PPTA | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.72% | 7.64% | +17.08% |
Volatility (6M)Calculated over the trailing 6-month period | 55.73% | 19.39% | +36.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.03% | 24.20% | +50.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.85% | 21.14% | +50.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.00% | 21.14% | +50.86% |
Dividends
PPTA vs. SHLD - Dividend Comparison
PPTA 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 |
|---|---|---|---|---|
PPTA Perpetua Resources Corp | 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
PPTA and SHLD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTA has higher volatility (24.72%) compared to SHLD (7.64%). In terms of maximum drawdown, PPTA dropped -81.78% vs SHLD's -20.10%.
PPTA currently has the higher Sharpe Ratio (0.43 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.
Find the right allocation for PPTA and SHLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer