SCHG vs. SHLD

Last updated Jun 16, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, SCHG returned 23.20% vs 7.35% for SHLD. At a 0.39 correlation, their price movements are largely independent. SCHG charges 0.04%/yr vs 0.50%/yr for SHLD.

Performance

SCHG vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) 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, SCHG achieves a 5.03% return, which is significantly higher than SHLD's -2.33% return.

SCHG

• 1D: 2.39%
• 1M: -0.12%
• YTD: 5.03%
• 6M: 5.98%
• 1Y: 23.20%
• 3Y*: 23.27%
• 5Y*: 14.85%
• 10Y*: 18.85%

SHLD

• 1D: -0.85%
• 1M: 1.51%
• YTD: -2.33%
• 6M: -1.40%
• 1Y: 7.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHG vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCHG Schwab U.S. Large-Cap Growth ETF	5.03%	17.50%	34.95%	9.57%
SHLD Global X Defense Tech ETF	-2.33%	74.16%	35.03%	12.89%

Correlation

The correlation between SCHG and SHLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.39

SCHG vs. SHLD - Sectors Allocation Comparison

Sectors	SCHG	SHLD
Technology	46.7%	12.2%
Communication Services	15.3%	-
Consumer Cyclical	12.4%	-
Healthcare	8.4%	-
Financial Services	6.6%	-
Industrials	6.0%	87.8%
Consumer Defensive	1.6%	-
Basic Materials	1.3%	-
Energy	0.7%	-
Real Estate	0.5%	-
Utilities	0.4%	-

Return for Risk

SCHG vs. SHLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHG

SCHG Risk / Return Rank: 40
SCHG Sharpe Ratio Rank: 46
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 44
SCHG Calmar Ratio Rank: 32
SCHG Martin Ratio Rank: 34

SHLD

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHG vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) 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.

	SCHG	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.45	0.30	+1.15
Sortino ratio: Return per unit of downside risk	1.98	0.61	+1.38
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	1.42	0.37	+1.05
Martin ratio: Return relative to average drawdown	4.68	0.90	+3.79

SCHG vs. SHLD - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.45, which is higher than the SHLD Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of SCHG 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

SCHG vs. SHLD - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for SCHG and SHLD.

Drawdown Indicators

	SCHG	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-20.10%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-20.10%	+3.69%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	—	—
Current Drawdown Current decline from peak	-3.06%	-18.89%	+15.83%
Average Drawdown Average peak-to-trough decline	-5.20%	-3.37%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	8.21%	-3.24%

Volatility

SCHG vs. SHLD - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 5.59%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.07%. This indicates that SCHG experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	9.07%	-3.48%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	19.95%	-7.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	24.49%	-8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.35%	21.28%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	21.28%	+0.32%

SCHG vs. SHLD - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

SCHG vs. SHLD - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.37%, less than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.37%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
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

Can I hold both SCHG and SHLD in my portfolio?

SCHG and SHLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHG or SHLD?

SHLD has higher volatility (9.07%) compared to SCHG (5.59%). In terms of maximum drawdown, SCHG dropped -34.59% vs SHLD's -20.10%.

Which ETF is better, SCHG or SHLD?

On 1-year performance, SCHG leads with 23.20% vs 7.35% for SHLD. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or SHLD?

Over the 1-year period, SCHG has performed better with a 23.20% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or SHLD?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.50% for SHLD.

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

SHLD has the higher dividend yield at 0.56%, compared with 0.37% for SCHG.

What is the main difference between SCHG and SHLD?

SCHG is categorized as Large Cap Growth Equities, while SHLD is Aerospace & Defense. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Charles Schwab and Global X. Their fees differ too: 0.04% for SCHG and 0.50% for SHLD.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.45 vs 0.30), 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.