QXO vs. SHLD
QXO (QXO, Inc) 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, QXO returned -18.14% vs -2.88% for SHLD. At a 0.20 correlation, their price movements are largely independent.
Performance
QXO vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, QXO achieves a -7.83% return, which is significantly higher than SHLD's -9.88% return.
QXO
- 1D
- -1.22%
- 1M
- 2.18%
- YTD
- -7.83%
- 6M
- -16.29%
- 1Y
- -18.14%
- 3Y*
- -7.64%
- 5Y*
- -23.41%
- 10Y*
- 8.56%
SHLD
- 1D
- 0.33%
- 1M
- -10.90%
- YTD
- -9.88%
- 6M
- -11.20%
- 1Y
- -2.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QXO vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QXO QXO, Inc | -7.83% | 21.32% | -86.06% | 443.17% |
SHLD Global X Defense Tech ETF | -9.88% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between QXO 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 13, 2023 | 0.20 |
The correlation between QXO and SHLD shifts across timeframes, from 0.20 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QXO vs. SHLD — Risk / Return Rank
QXO
SHLD
QXO vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QXO, Inc (QXO) 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.
| QXO | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.11 | -0.30 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.32 | -0.60 |
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Drawdowns
QXO vs. SHLD - Drawdown Comparison
The maximum QXO drawdown since its inception was -95.44%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for QXO and SHLD.
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Drawdown Indicators
| QXO | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.44% | -25.40% | -70.04% |
Max Drawdown (1Y)Largest decline over 1 year | -44.37% | -25.40% | -18.97% |
Max Drawdown (3Y)Largest decline over 3 years | -95.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -95.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.44% | — | — |
Current DrawdownCurrent decline from peak | -92.45% | -25.16% | -67.29% |
Average DrawdownAverage peak-to-trough decline | -56.49% | -3.58% | -52.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.75% | 9.11% | +10.64% |
Volatility
QXO vs. SHLD - Volatility Comparison
QXO, Inc (QXO) has a higher volatility of 20.31% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that QXO'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
| QXO | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.31% | 9.05% | +11.26% |
Volatility (6M)Calculated over the trailing 6-month period | 49.04% | 20.21% | +28.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.34% | 24.79% | +34.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.08% | 21.37% | +123.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.61% | 21.37% | +102.24% |
Dividends
QXO vs. SHLD - Dividend Comparison
QXO 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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QXO QXO, Inc | 0.00% | 0.00% | 164.53% | 1.17% | 0.00% | 13.42% | 31.47% | 1.15% | 0.00% | 1.89% | 2.00% |
SHLD Global X Defense Tech ETF | 0.61% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QXO 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.
QXO has higher volatility (20.31%) compared to SHLD (9.05%). In terms of maximum drawdown, QXO dropped -95.44% vs SHLD's -25.40%.
SHLD currently has the higher Sharpe Ratio (-0.12 vs -0.31), 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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