PTIR vs. SHLD

Last updated Aug 1, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%), while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, PTIR returned -58.75% vs 3.85% for SHLD. Their 0.45 correlation means their historical movements had little consistent relationship. PTIR charges 1.04%/yr vs 0.50%/yr for SHLD.

Performance

PTIR vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -62.18% return, which is significantly lower than SHLD's -2.06% return.

PTIR

• 1D: 1.20%
• 1M: -6.82%
• 6M: -43.20%
• YTD: -62.18%
• 1Y: -58.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 164.95%

SHLD

• 1D: 0.76%
• 1M: 3.35%
• 6M: -15.67%
• YTD: -2.06%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTIR GraniteShares 2x Long PLTR Daily ETF	$34.43M	$50.90M	$65.92M
SHLD Global X Defense Tech ETF	$70.01M	$66.37M	$108.83M

PTIR vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-62.18%	221.36%	425.36%
SHLD Global X Defense Tech ETF	-2.06%	74.16%	3.24%

Correlation

The correlation between PTIR and SHLD is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.45

PTIR vs. SHLD - Sectors Allocation Comparison

Sectors	PTIR	SHLD
Technology	100.0%	11.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	88.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. SHLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTIR

PTIR Risk / Return Rank: 4
PTIR Sharpe Ratio Rank: 4
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

SHLD

SHLD Risk / Return Rank: 14
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 13
SHLD Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTIR vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	0.15	-0.72
Sortino ratio: Return per unit of downside risk	-0.43	0.40	-0.84
Omega ratio: Gain probability vs. loss probability	0.95	1.05	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.74	0.15	-0.89
Martin ratio: Return relative to average drawdown	-1.21	0.35	-1.56

PTIR vs. SHLD - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.56, which is lower than the SHLD Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of PTIR and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTIR vs. SHLD - Drawdown Comparison

The maximum PTIR drawdown since its inception was -79.40%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for PTIR and SHLD.

Drawdown Indicators

	PTIR	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.40%	-25.40%	-54.00%
Max Drawdown (1Y) Largest decline over 1 year	-79.40%	-25.40%	-54.00%
Current Drawdown Current decline from peak	-73.93%	-18.67%	-55.26%
Average Drawdown Average peak-to-trough decline	-31.05%	-4.15%	-26.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.56%	11.13%	+37.43%

Volatility

PTIR vs. SHLD - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 27.36% compared to Global X Defense Tech ETF (SHLD) at 7.73%. This indicates that PTIR'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.

Volatility by Period

	PTIR	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.36%	7.73%	+19.63%
Volatility (6M) Calculated over the trailing 6-month period	81.50%	20.16%	+61.34%
Volatility (1Y) Calculated over the trailing 1-year period	104.45%	25.33%	+79.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.66%	21.56%	+106.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.66%	21.56%	+106.10%

PTIR vs. SHLD - Expense Ratio Comparison

PTIR has a 1.04% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

PTIR vs. SHLD - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 15.36%, more than SHLD's 0.67% yield.

Position	TTM	2025	2024	2023
PTIR GraniteShares 2x Long PLTR Daily ETF	15.36%	5.81%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.67%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both PTIR and SHLD in my portfolio?

PTIR and SHLD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or SHLD?

PTIR has higher volatility (27.36%) compared to SHLD (7.73%). In terms of maximum drawdown, PTIR dropped -79.40% vs SHLD's -25.40%.

Which ETF is better, PTIR or SHLD?

On 1-year performance, SHLD leads with 3.85% vs -58.75% for PTIR. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 7.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or SHLD?

Over the 1-year period, SHLD has performed better with a 3.85% return vs -58.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 1.04% for PTIR.

Which ETF pays a higher dividend yield, PTIR or SHLD?

PTIR has the higher dividend yield at 15.36%, compared with 0.67% for SHLD.

What is the main difference between PTIR and SHLD?

PTIR is categorized as Leveraged Equities, while SHLD is Aerospace & Defense. PTIR tracks Palantir Technologies Inc. (200%), while SHLD tracks Global X Defense Tech Index. They also come from different issuers: GraniteShares and Global X. Their fees differ too: 1.04% for PTIR and 0.50% for SHLD.

Which has better risk-adjusted returns?

SHLD currently has the higher Sharpe Ratio (0.15 vs -0.56), 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.