SHLD.TO vs. SHLD

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Defence Tech Index ETF (SHLD.TO) and Global X Defense Tech ETF (SHLD).

SHLD.TO and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both SHLD.TO and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SHLD.TO vs. SHLD - 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 Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

SHLD.TO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
SHLD.TO Global X Defence Tech Index ETF	14.66%	28.13%
SHLD Global X Defense Tech ETF	14.85%	24.97%

Different Trading Currencies

SHLD.TO is traded in CAD, while SHLD is traded in USD. To make them comparable, the SHLD 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 SHLD slightly higher at 14.85%.

SHLD.TO

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

SHLD

• 1D: 3.58%
• 1M: -3.12%
• YTD: 14.85%
• 6M: 4.73%
• 1Y: 52.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHLD.TO vs. SHLD - Expense Ratio Comparison

Both SHLD.TO and SHLD have an expense ratio of 0.50%.

SHLD.TO

Global X Defence Tech Index ETF

SHLD

Global X Defense Tech ETF

Return for Risk

SHLD.TO vs. SHLD — Risk / Return Rank

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

SHLD

SHLD Risk / Return Rank: 92
SHLD Sharpe Ratio Rank: 93
SHLD Sortino Ratio Rank: 93
SHLD Omega Ratio Rank: 89
SHLD Calmar Ratio Rank: 94
SHLD 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. SHLD - 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 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.

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	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.83	-0.72

Correlation

The correlation between SHLD.TO and SHLD is 0.96, 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. SHLD - Dividend Comparison

SHLD.TO's dividend yield for the trailing twelve months is around 0.16%, less than SHLD's 0.48% yield.

	TTM	2025	2024	2023
SHLD.TO Global X Defence Tech Index ETF	0.16%	0.18%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.48%	0.55%	0.53%	0.26%

Drawdowns

SHLD.TO vs. SHLD - Drawdown Comparison

The maximum SHLD.TO drawdown since its inception was -14.91%, roughly equal to the maximum SHLD drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for SHLD.TO and SHLD.

Drawdown Indicators

	SHLD.TO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-15.06%	+0.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.06%	—
Current Drawdown Current decline from peak	-8.43%	-5.82%	-2.61%
Average Drawdown Average peak-to-trough decline	-4.49%	-2.58%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.18%	—

Volatility

Volatility by Period

	SHLD.TO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.79%	24.66%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.79%	19.83%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	19.83%	+4.96%