RTX vs. SHLD
RTX (RTX Corporation) 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, RTX returned 27.98% vs 8.26% for SHLD. At a 0.50 correlation, their price movements are largely independent.
Performance
RTX vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, RTX achieves a 0.82% return, which is significantly higher than SHLD's -1.50% return.
RTX
- 1D
- -0.37%
- 1M
- 7.66%
- YTD
- 0.82%
- 6M
- 3.50%
- 1Y
- 27.98%
- 3Y*
- 25.18%
- 5Y*
- 18.20%
- 10Y*
- 15.68%
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RTX vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RTX RTX Corporation | 0.82% | 61.44% | 40.76% | 12.18% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between RTX and SHLD is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.50 |
The correlation between RTX and SHLD has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
RTX vs. SHLD — Risk / Return Rank
RTX
SHLD
RTX vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RTX Corporation (RTX) 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.
| RTX | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.52 | +1.16 |
| Martin ratioReturn relative to average drawdown | 4.55 | 1.28 | +3.27 |
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Drawdowns
RTX vs. SHLD - Drawdown Comparison
The maximum RTX drawdown since its inception was -55.14%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for RTX and SHLD.
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Drawdown Indicators
| RTX | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.14% | -20.10% | -35.04% |
Max Drawdown (1Y)Largest decline over 1 year | -19.32% | -20.10% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.98% | — | — |
Current DrawdownCurrent decline from peak | -13.13% | -18.20% | +5.07% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -3.34% | -9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 8.12% | -1.02% |
Volatility
RTX vs. SHLD - Volatility Comparison
RTX Corporation (RTX) and Global X Defense Tech ETF (SHLD) have volatilities of 8.72% and 9.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTX | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 9.05% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 19.94% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.26% | 24.55% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 21.29% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 21.29% | +6.48% |
Dividends
RTX vs. SHLD - Dividend Comparison
RTX's dividend yield for the trailing twelve months is around 1.51%, more than SHLD's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RTX RTX Corporation | 1.51% | 1.46% | 2.14% | 2.76% | 2.14% | 2.33% | 21.21% | 1.96% | 2.66% | 2.13% | 2.39% | 2.66% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RTX and SHLD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.05%) compared to RTX (8.72%). In terms of maximum drawdown, RTX dropped -55.14% vs SHLD's -20.10%.
RTX currently has the higher Sharpe Ratio (1.34 vs 0.43), 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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