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SHLD.TO vs. XEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SHLD.TO vs. XEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Defence Tech Index ETF (SHLD.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

SHLD.TO and XEQT.TO 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. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

SHLD.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025
SHLD.TO
Global X Defence Tech Index ETF		14.66%28.13%
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%22.32%

Returns By Period

In the year-to-date period, SHLD.TO achieves a 14.66% return, which is significantly higher than XEQT.TO's 1.51% return.

SHLD.TO

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

XEQT.TO

1D
0.85%
1M
-3.50%
YTD
1.51%
6M
2.89%
1Y
21.17%
3Y*
18.44%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Defence Tech Index ETF

iShares Core Equity ETF Portfolio

Often compared with SHLD.TO:
SHLD.TO vs. XAD.TOSHLD.TO vs. SHLDSHLD.TO vs. FSDAXSHLD.TO vs. XARSHLD.TO vs. KDEFSHLD.TO vs. VCE.TOSHLD.TO vs. TEC.TO
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. XAW.TO

SHLD.TO vs. XEQT.TO - Expense Ratio Comparison

SHLD.TO has a 0.50% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

SHLD.TO
Global X Defence Tech Index ETF
XEQT.TO
iShares Core Equity ETF Portfolio

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHLD.TO
XEQT.TO
XEQT.TO Risk / Return Rank: 7272
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7373
Martin Ratio Rank
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. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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.

SHLD.TO vs. XEQT.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SHLD.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.33

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.93

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.11

0.86

+1.25

Correlation

The correlation between SHLD.TO and XEQT.TO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SHLD.TO vs. XEQT.TO - Dividend Comparison

SHLD.TO's dividend yield for the trailing twelve months is around 0.16%, less than XEQT.TO's 1.64% yield.

TTM2025202420232022202120202019
SHLD.TO
Global X Defence Tech Index ETF		0.16%0.18%0.00%0.00%0.00%0.00%0.00%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%1.66%2.01%2.07%2.12%1.64%1.66%1.19%

Drawdowns

SHLD.TO vs. XEQT.TO - Drawdown Comparison

The maximum SHLD.TO drawdown since its inception was -14.91%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for SHLD.TO and XEQT.TO.

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Drawdown Indicators

SHLD.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-14.91%

-29.74%

+14.83%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.78%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.56%

—

Current Drawdown

Current decline from peak

-8.43%

-4.27%

-4.16%

Average Drawdown

Average peak-to-trough decline

-4.49%

-4.20%

-0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.64%

—

Volatility

SHLD.TO vs. XEQT.TO - Volatility Comparison

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Volatility by Period

SHLD.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.77%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.49%

—

Volatility (1Y)

Calculated over the trailing 1-year period

24.79%

15.99%

+8.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.79%

13.03%

+11.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.79%

15.63%

+9.16%