SHLD vs. FXAIX
SHLD (Global X Defense Tech ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SHLD returned 10.40% vs 23.79% for FXAIX. At a 0.46 correlation, their price movements are largely independent. SHLD charges 0.50%/yr vs 0.02%/yr for FXAIX.
Performance
SHLD vs. FXAIX - 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 FXAIX's 8.59% return.
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXAIX
- 1D
- 1.76%
- 1M
- -0.55%
- YTD
- 8.59%
- 6M
- 8.94%
- 1Y
- 23.79%
- 3Y*
- 21.06%
- 5Y*
- 13.34%
- 10Y*
- 15.44%
SHLD vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
FXAIX Fidelity 500 Index Fund | 8.59% | 17.84% | 25.01% | 7.42% |
Correlation
The correlation between SHLD and FXAIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.46 |
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Return for Risk
SHLD vs. FXAIX — Risk / Return Rank
SHLD
FXAIX
SHLD vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.36 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.74 | -2.22 |
| Martin ratioReturn relative to average drawdown | 1.28 | 12.46 | -11.17 |
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Drawdowns
SHLD vs. FXAIX - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SHLD and FXAIX.
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Drawdown Indicators
| SHLD | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -33.79% | +13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -8.89% | -11.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -18.20% | -2.79% | -15.41% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -3.79% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 1.95% | +6.17% |
Volatility
SHLD vs. FXAIX - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 9.05% compared to Fidelity 500 Index Fund (FXAIX) at 4.44%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 4.44% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 9.70% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 12.37% | +12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 16.99% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 18.10% | +3.19% |
SHLD vs. FXAIX - Expense Ratio Comparison
SHLD has a 0.50% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
SHLD vs. FXAIX - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, less than FXAIX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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 FXAIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.05%) compared to FXAIX (4.44%). In terms of maximum drawdown, SHLD dropped -20.10% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.97 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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