SHLD.TO vs. CEF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Defence Tech Index ETF (SHLD.TO) and Sprott Physical Gold and Silver Trust (CEF.TO).

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.

Performance

SHLD.TO vs. CEF.TO - 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 Sprott Physical Gold and Silver Trust (CEF.TO). The values are adjusted to include any dividend payments, if applicable.

SHLD.TO vs. CEF.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SHLD.TO Global X Defence Tech Index ETF	11.06%	28.13%
CEF.TO Sprott Physical Gold and Silver Trust	5.65%	57.33%

Returns By Period

In the year-to-date period, SHLD.TO achieves a 11.06% return, which is significantly higher than CEF.TO's 5.65% return.

SHLD.TO

• 1D: 3.91%
• 1M: -3.17%
• YTD: 11.06%
• 6M: 1.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEF.TO

• 1D: 5.05%
• 1M: -13.87%
• YTD: 5.65%
• 6M: 29.93%
• 1Y: 62.63%
• 3Y*: 37.45%
• 5Y*: 24.45%
• 10Y*: 15.81%

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

Return for Risk

SHLD.TO vs. CEF.TO — Risk / Return Rank

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

CEF.TO

CEF.TO Risk / Return Rank: 85
CEF.TO Sharpe Ratio Rank: 89
CEF.TO Sortino Ratio Rank: 80
CEF.TO Omega Ratio Rank: 87
CEF.TO Calmar Ratio Rank: 83
CEF.TO Martin Ratio Rank: 88

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. CEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech Index ETF (SHLD.TO) and Sprott Physical Gold and Silver Trust (CEF.TO). 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	CEF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	0.15	+1.77

Correlation

The correlation between SHLD.TO and CEF.TO is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SHLD.TO vs. CEF.TO - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHLD.TO Global X Defence Tech Index ETF	0.16%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEF.TO Sprott Physical Gold and Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.09%	0.09%

Drawdowns

SHLD.TO vs. CEF.TO - Drawdown Comparison

The maximum SHLD.TO drawdown since its inception was -14.91%, smaller than the maximum CEF.TO drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for SHLD.TO and CEF.TO.

Drawdown Indicators

	SHLD.TO	CEF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-58.68%	+43.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.04%	—
Current Drawdown Current decline from peak	-11.30%	-17.81%	+6.51%
Average Drawdown Average peak-to-trough decline	-4.47%	-30.46%	+25.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.06%	—

Volatility

Volatility by Period

	SHLD.TO	CEF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.64%	35.75%	-11.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.64%	22.38%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	21.07%	+3.57%