SHLD vs. CAT
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while CAT (Caterpillar Inc.) is a stock. Over the past year, SHLD returned 8.26% vs 157.79% for CAT. At a 0.37 correlation, their price movements are largely independent.
Performance
SHLD vs. CAT - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD achieves a -1.50% return, which is significantly lower than CAT's 59.62% return.
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAT
- 1D
- 1.44%
- 1M
- 2.51%
- YTD
- 59.62%
- 6M
- 52.94%
- 1Y
- 157.79%
- 3Y*
- 57.16%
- 5Y*
- 35.17%
- 10Y*
- 31.33%
SHLD vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
CAT Caterpillar Inc. | 59.62% | 60.30% | 24.66% | 5.46% |
Correlation
The correlation between SHLD and CAT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.37 |
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Return for Risk
SHLD vs. CAT — Risk / Return Rank
SHLD
CAT
SHLD vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Caterpillar Inc. (CAT). 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 | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.65 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 11.24 | -10.72 |
| Martin ratioReturn relative to average drawdown | 1.28 | 36.80 | -35.51 |
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Drawdowns
SHLD vs. CAT - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum CAT drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for SHLD and CAT.
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Drawdown Indicators
| SHLD | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -73.43% | +53.33% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -13.88% | -6.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.36% | — |
Current DrawdownCurrent decline from peak | -18.20% | -3.18% | -15.02% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -19.73% | +16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 4.23% | +3.89% |
Volatility
SHLD vs. CAT - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 9.05%, while Caterpillar Inc. (CAT) has a volatility of 13.16%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 13.16% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 28.37% | -8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 35.19% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 30.79% | -9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 30.98% | -9.69% |
Dividends
SHLD vs. CAT - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, less than CAT's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.66% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHLD and CAT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAT has higher volatility (13.16%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.43 vs 0.43), 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.
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