SHLD.TO vs. 4MMR.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Defence Tech Index ETF (SHLD.TO) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE).

SHLD.TO and 4MMR.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHLD.TO is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index. It was launched on Apr 21, 2025. 4MMR.DE is managed by Global X.

Performance

SHLD.TO vs. 4MMR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Defence Tech Index ETF (SHLD.TO) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE). The values are adjusted to include any dividend payments, if applicable.

SHLD.TO vs. 4MMR.DE - Yearly Performance Comparison

	2026 (YTD)	2025
SHLD.TO Global X Defence Tech Index ETF	14.66%	28.13%
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating	14.67%	27.55%

Different Trading Currencies

SHLD.TO is traded in CAD, while 4MMR.DE is traded in EUR. To make them comparable, the 4MMR.DE values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with SHLD.TO having a 14.66% return and 4MMR.DE slightly higher at 14.67%.

SHLD.TO

• 1D: 3.24%
• 1M: -3.17%
• YTD: 14.66%
• 6M: 4.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

4MMR.DE

• 1D: 4.56%
• 1M: -2.15%
• YTD: 14.67%
• 6M: 6.43%
• 1Y: 54.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHLD.TO vs. 4MMR.DE - Expense Ratio Comparison

SHLD.TO

Global X Defence Tech Index ETF

Return for Risk

SHLD.TO vs. 4MMR.DE — Risk / Return Rank

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

4MMR.DE

4MMR.DE Risk / Return Rank: 87
4MMR.DE Sharpe Ratio Rank: 88
4MMR.DE Sortino Ratio Rank: 90
4MMR.DE Omega Ratio Rank: 82
4MMR.DE Calmar Ratio Rank: 92
4MMR.DE Martin Ratio Rank: 81

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.

SHLD.TO vs. 4MMR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech Index ETF (SHLD.TO) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SHLD.TO	4MMR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.67	-0.57

Correlation

The correlation between SHLD.TO and 4MMR.DE is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SHLD.TO vs. 4MMR.DE - Dividend Comparison

SHLD.TO's dividend yield for the trailing twelve months is around 0.16%, while 4MMR.DE has not paid dividends to shareholders.

	TTM	2025
SHLD.TO Global X Defence Tech Index ETF	0.16%	0.18%
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating	0.00%	0.00%

Drawdowns

SHLD.TO vs. 4MMR.DE - Drawdown Comparison

The maximum SHLD.TO drawdown since its inception was -14.91%, which is greater than 4MMR.DE's maximum drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for SHLD.TO and 4MMR.DE.

Drawdown Indicators

	SHLD.TO	4MMR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-13.28%	-1.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.28%	—
Current Drawdown Current decline from peak	-8.43%	-5.28%	-3.15%
Average Drawdown Average peak-to-trough decline	-4.49%	-3.18%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.98%	—

Volatility

Volatility by Period

	SHLD.TO	4MMR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.79%	25.09%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.79%	24.84%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	24.84%	-0.05%