RXT vs. SHLD
RXT (Rackspace Technology, 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, RXT returned 180.67% vs -0.87% for SHLD. At a 0.21 correlation, their price movements are largely independent.
Performance
RXT vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, RXT achieves a 333.62% return, which is significantly higher than SHLD's -7.27% return.
RXT
- 1D
- -5.39%
- 1M
- -32.21%
- 6M
- 323.50%
- YTD
- 333.62%
- 1Y
- 180.67%
- 3Y*
- 18.97%
- 5Y*
- -26.01%
- 10Y*
- —
SHLD
- 1D
- -0.61%
- 1M
- -5.92%
- 6M
- -22.32%
- YTD
- -7.27%
- 1Y
- -0.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RXT vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RXT Rackspace Technology, Inc. | 333.62% | -56.07% | 10.50% | 18.34% |
SHLD Global X Defense Tech ETF | -7.27% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between RXT and SHLD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.21 |
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Return for Risk
RXT vs. SHLD — Risk / Return Rank
RXT
SHLD
RXT vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rackspace Technology, Inc. (RXT) 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.
| RXT | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.01 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | -0.03 | +2.38 |
| Martin ratioReturn relative to average drawdown | 5.19 | -0.08 | +5.28 |
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Drawdowns
RXT vs. SHLD - Drawdown Comparison
The maximum RXT drawdown since its inception was -98.43%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for RXT and SHLD.
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Drawdown Indicators
| RXT | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.43% | -25.40% | -73.03% |
Max Drawdown (1Y)Largest decline over 1 year | -77.65% | -25.40% | -52.25% |
Max Drawdown (3Y)Largest decline over 3 years | -86.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.87% | — | — |
Current DrawdownCurrent decline from peak | -83.85% | -22.99% | -60.86% |
Average DrawdownAverage peak-to-trough decline | -72.02% | -3.90% | -68.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.96% | 10.30% | +24.66% |
Volatility
RXT vs. SHLD - Volatility Comparison
Rackspace Technology, Inc. (RXT) has a higher volatility of 59.62% compared to Global X Defense Tech ETF (SHLD) at 8.28%. This indicates that RXT'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
| RXT | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.62% | 8.28% | +51.34% |
Volatility (6M)Calculated over the trailing 6-month period | 188.49% | 19.79% | +168.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 284.88% | 25.12% | +259.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.23% | 21.54% | +127.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.44% | 21.54% | +116.90% |
Dividends
RXT vs. SHLD - Dividend Comparison
RXT 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 |
|---|---|---|---|---|
RXT Rackspace Technology, Inc. | 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
RXT and SHLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXT has higher volatility (59.62%) compared to SHLD (8.28%). In terms of maximum drawdown, RXT dropped -98.43% vs SHLD's -25.40%.
RXT currently has the higher Sharpe Ratio (0.64 vs -0.03), 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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