SHLD vs. BRK-B
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past year, SHLD returned -2.37% vs 3.68% for BRK-B. At a 0.18 correlation, their price movements are largely independent.
Performance
SHLD vs. BRK-B - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHLD achieves a -7.05% return, which is significantly lower than BRK-B's -2.27% return.
SHLD
- 1D
- -0.05%
- 1M
- -3.33%
- 6M
- -22.70%
- YTD
- -7.05%
- 1Y
- -2.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.29%
BRK-B
- 1D
- 0.07%
- 1M
- 0.37%
- 6M
- -0.41%
- YTD
- -2.27%
- 1Y
- 3.68%
- 3Y*
- 12.42%
- 5Y*
- 11.91%
- 10Y*
- 13.01%
- ALL TIME*
- 10.58%
SHLD vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -7.05% | 74.16% | 35.03% | 12.89% |
BRK-B Berkshire Hathaway Inc. | -2.27% | 10.89% | 27.09% | -3.02% |
Correlation
The correlation between SHLD and BRK-B is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.18 |
The correlation between SHLD and BRK-B shifts across timeframes, from -0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHLD vs. BRK-B — Risk / Return Rank
SHLD
BRK-B
SHLD vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Berkshire Hathaway Inc. (BRK-B). 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.
| SHLD | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.05 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.39 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.23 | 0.82 | -1.05 |
Loading charts...
Drawdowns
SHLD vs. BRK-B - Drawdown Comparison
The maximum SHLD drawdown since its inception was -25.40%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SHLD and BRK-B.
Loading charts...
Drawdown Indicators
| SHLD | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.40% | -53.86% | +28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -25.40% | -9.42% | -15.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -22.81% | -8.99% | -13.82% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -11.06% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 4.50% | +5.99% |
Volatility
SHLD vs. BRK-B - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 8.21% compared to Berkshire Hathaway Inc. (BRK-B) at 4.42%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHLD | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 4.42% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.76% | 11.07% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.13% | 14.57% | +10.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 17.09% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 19.40% | +2.11% |
Dividends
SHLD vs. BRK-B - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.71%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.71% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
SHLD and BRK-B have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (8.21%) compared to BRK-B (4.42%). In terms of maximum drawdown, SHLD dropped -25.40% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.25 vs -0.10), 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.
Find the right allocation for SHLD and BRK-B
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer