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 120.49% vs -0.23% for SHLD. At a 0.20 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 -24.11% return, which is significantly lower than SHLD's -10.17% return.
PROK
- 1D
- -3.95%
- 1M
- 0.59%
- YTD
- -24.11%
- 6M
- -33.85%
- 1Y
- 120.49%
- 3Y*
- -44.49%
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- -1.15%
- 1M
- -11.99%
- YTD
- -10.17%
- 6M
- -12.31%
- 1Y
- -0.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PROK vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PROK ProKidney Corp. | -24.11% | 32.54% | -5.06% | -76.91% |
SHLD Global X Defense Tech ETF | -10.17% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between PROK 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 | 0.20 |
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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 | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +7.01 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.02 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.01 | +1.74 |
| Martin ratioReturn relative to average drawdown | 2.21 | -0.03 | +2.23 |
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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 | -70.08% | -25.40% | -44.68% |
Max Drawdown (3Y)Largest decline over 3 years | -96.09% | — | — |
Current DrawdownCurrent decline from peak | -87.66% | -25.40% | -62.26% |
Average DrawdownAverage peak-to-trough decline | -65.41% | -3.55% | -61.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.80% | 8.97% | +45.83% |
Volatility
PROK vs. SHLD - Volatility Comparison
ProKidney Corp. (PROK) has a higher volatility of 17.39% compared to Global X Defense Tech ETF (SHLD) at 9.01%. 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 | 17.39% | 9.01% | +8.38% |
Volatility (6M)Calculated over the trailing 6-month period | 48.24% | 20.22% | +28.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 524.02% | 24.85% | +499.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 282.63% | 21.39% | +261.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 282.63% | 21.39% | +261.24% |
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 0.61%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PROK ProKidney Corp. | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.61% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
PROK 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.
PROK has higher volatility (17.39%) compared to SHLD (9.01%). In terms of maximum drawdown, PROK dropped -96.29% vs SHLD's -25.40%.
PROK currently has the higher Sharpe Ratio (0.23 vs -0.01), 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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