SHLD vs. FN
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while FN (Fabrinet) is a stock. Over the past year, SHLD returned 10.40% vs 137.77% for FN. At a 0.27 correlation, their price movements are largely independent.
Performance
SHLD vs. FN - 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 FN's 34.21% return.
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FN
- 1D
- 4.94%
- 1M
- -12.22%
- YTD
- 34.21%
- 6M
- 29.76%
- 1Y
- 137.77%
- 3Y*
- 67.62%
- 5Y*
- 45.38%
- 10Y*
- 32.67%
SHLD vs. FN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
FN Fabrinet | 34.21% | 107.06% | 15.53% | 27.91% |
Correlation
The correlation between SHLD and FN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.27 |
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Return for Risk
SHLD vs. FN — Risk / Return Rank
SHLD
FN
SHLD vs. FN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Fabrinet (FN). 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 | FN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 6.22 | -5.70 |
| Martin ratioReturn relative to average drawdown | 1.28 | 15.46 | -14.17 |
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Drawdowns
SHLD vs. FN - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum FN drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for SHLD and FN.
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Drawdown Indicators
| SHLD | FN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -70.46% | +50.36% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -22.27% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.11% | — |
Current DrawdownCurrent decline from peak | -18.20% | -18.15% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -22.58% | +19.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 8.95% | -0.83% |
Volatility
SHLD vs. FN - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 9.05%, while Fabrinet (FN) has a volatility of 24.63%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than FN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | FN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 24.63% | -15.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 56.18% | -36.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 67.07% | -42.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 53.67% | -32.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 48.29% | -27.00% |
Dividends
SHLD vs. FN - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, while FN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FN Fabrinet | 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 FN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FN has higher volatility (24.63%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs FN's -70.46%.
FN currently has the higher Sharpe Ratio (2.07 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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