PROK vs. SHLD
PROK (ProKidney 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, PROK returned -53.98% vs -1.74% for SHLD. At a 0.21 correlation, their price movements are largely independent.
Performance
PROK vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, PROK achieves a -27.68% return, which is significantly lower than SHLD's -7.00% return.
PROK
- 1D
- 0.62%
- 1M
- -7.43%
- 6M
- -29.26%
- YTD
- -27.68%
- 1Y
- -53.98%
- 3Y*
- -47.80%
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- 0.28%
- 1M
- -5.60%
- 6M
- -22.66%
- YTD
- -7.00%
- 1Y
- -1.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PROK vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PROK ProKidney Corp. | -27.68% | 32.54% | -5.06% | -76.91% |
SHLD Global X Defense Tech ETF | -7.00% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between PROK and SHLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.21 |
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Return for Risk
PROK vs. SHLD — Risk / Return Rank
PROK
SHLD
PROK vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProKidney Corp. (PROK) 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.
| PROK | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.01 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | -0.07 | -0.95 |
| Martin ratioReturn relative to average drawdown | -1.59 | -0.17 | -1.42 |
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Drawdowns
PROK vs. SHLD - Drawdown Comparison
The maximum PROK drawdown since its inception was -96.29%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for PROK and SHLD.
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Drawdown Indicators
| PROK | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -25.40% | -70.89% |
Max Drawdown (1Y)Largest decline over 1 year | -53.03% | -25.40% | -27.63% |
Max Drawdown (3Y)Largest decline over 3 years | -96.09% | — | — |
Current DrawdownCurrent decline from peak | -88.24% | -22.77% | -65.47% |
Average DrawdownAverage peak-to-trough decline | -65.73% | -3.93% | -61.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.78% | 10.40% | +27.38% |
Volatility
PROK vs. SHLD - Volatility Comparison
ProKidney Corp. (PROK) has a higher volatility of 21.51% compared to Global X Defense Tech ETF (SHLD) at 8.21%. This indicates that PROK'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
| PROK | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.51% | 8.21% | +13.30% |
Volatility (6M)Calculated over the trailing 6-month period | 49.00% | 19.78% | +29.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.54% | 25.11% | +61.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 280.69% | 21.52% | +259.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 280.69% | 21.52% | +259.17% |
Dividends
PROK vs. SHLD - Dividend Comparison
PROK 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 |
|---|---|---|---|---|
PROK ProKidney Corp. | 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
PROK and SHLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PROK has higher volatility (21.51%) compared to SHLD (8.21%). In terms of maximum drawdown, PROK dropped -96.29% vs SHLD's -25.40%.
SHLD currently has the higher Sharpe Ratio (-0.07 vs -0.63), 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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