SHLD vs. DFDV
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while DFDV (DeFi Development Corp) is a stock. Over the past year, SHLD returned 8.97% vs -82.07% for DFDV. At a 0.14 correlation, their price movements are largely independent.
Performance
SHLD vs. DFDV - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD achieves a -2.65% return, which is significantly higher than DFDV's -38.81% return.
SHLD
- 1D
- 0.03%
- 1M
- -3.34%
- YTD
- -2.65%
- 6M
- -0.77%
- 1Y
- 8.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFDV
- 1D
- 8.04%
- 1M
- -30.72%
- YTD
- -38.81%
- 6M
- -50.08%
- 1Y
- -82.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHLD vs. DFDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -2.65% | 74.16% | 35.03% | 12.89% |
DFDV DeFi Development Corp | -38.81% | 700.93% | -41.08% | -29.45% |
Correlation
The correlation between SHLD and DFDV is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.14 |
The correlation between SHLD and DFDV shifts across timeframes, from 0.14 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHLD vs. DFDV — Risk / Return Rank
SHLD
DFDV
SHLD vs. DFDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and DeFi Development Corp (DFDV). 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.
| SHLD | DFDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.90 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.91 | +1.36 |
| Martin ratioReturn relative to average drawdown | 1.16 | -1.19 | +2.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHLD | DFDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | -0.62 | +0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.98 | -0.02 | +1.99 |
Drawdowns
SHLD vs. DFDV - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum DFDV drawdown of -92.60%. Use the drawdown chart below to compare losses from any high point for SHLD and DFDV.
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Drawdown Indicators
| SHLD | DFDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -92.60% | +72.50% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -90.03% | +69.93% |
Current DrawdownCurrent decline from peak | -19.16% | -92.00% | +72.84% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -72.19% | +68.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 69.21% | -61.43% |
Volatility
SHLD vs. DFDV - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 7.64%, while DeFi Development Corp (DFDV) has a volatility of 26.14%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than DFDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | DFDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 26.14% | -18.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.39% | 83.99% | -64.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 133.63% | -109.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 519.72% | -498.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 519.72% | -498.58% |
Dividends
SHLD vs. DFDV - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, while DFDV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DFDV DeFi Development Corp | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
SHLD and DFDV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFDV has higher volatility (26.14%) compared to SHLD (7.64%). In terms of maximum drawdown, SHLD dropped -20.10% vs DFDV's -92.60%.
SHLD currently has the higher Sharpe Ratio (0.37 vs -0.62), 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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