SHLD vs. GS
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while GS (The Goldman Sachs Group, Inc.) is a stock. Over the past year, SHLD returned 8.26% vs 76.70% for GS. At a 0.41 correlation, their price movements are largely independent.
Performance
SHLD vs. GS - 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 GS's 22.08% return.
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GS
- 1D
- 2.62%
- 1M
- 12.54%
- YTD
- 22.08%
- 6M
- 20.84%
- 1Y
- 76.70%
- 3Y*
- 49.31%
- 5Y*
- 25.98%
- 10Y*
- 24.48%
SHLD vs. GS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
GS The Goldman Sachs Group, Inc. | 22.08% | 56.64% | 52.03% | 17.54% |
Correlation
The correlation between SHLD and GS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.41 |
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Return for Risk
SHLD vs. GS — Risk / Return Rank
SHLD
GS
SHLD vs. GS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and The Goldman Sachs Group, Inc. (GS). 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 | GS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 3.80 | -3.28 |
| Martin ratioReturn relative to average drawdown | 1.28 | 12.61 | -11.33 |
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Drawdowns
SHLD vs. GS - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for SHLD and GS.
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Drawdown Indicators
| SHLD | GS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -78.84% | +58.74% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -19.42% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.75% | — |
Current DrawdownCurrent decline from peak | -18.20% | -2.73% | -15.47% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -22.65% | +19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 5.84% | +2.28% |
Volatility
SHLD vs. GS - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 9.05%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 11.84%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | GS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 11.84% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 23.47% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 28.55% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 28.10% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 29.87% | -8.58% |
Dividends
SHLD vs. GS - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, less than GS's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.60% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
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 GS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (11.84%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs GS's -78.84%.
GS currently has the higher Sharpe Ratio (2.59 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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