SHLD vs. ISHG
SHLD (Global X Defense Tech ETF) and ISHG (iShares 1-3 Year International Treasury Bond ETF) are both exchange-traded funds - SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index, while ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. Both are passively managed. Over the past year, SHLD returned 4.03% vs -0.16% for ISHG. At a 0.25 correlation, their price movements are largely independent. SHLD charges 0.50%/yr vs 0.35%/yr for ISHG.
Performance
SHLD vs. ISHG - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD achieves a -6.53% return, which is significantly lower than ISHG's -1.71% return.
SHLD
- 1D
- -0.05%
- 1M
- -7.05%
- YTD
- -6.53%
- 6M
- -8.73%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISHG
- 1D
- -0.34%
- 1M
- -1.79%
- YTD
- -1.71%
- 6M
- -1.87%
- 1Y
- -0.16%
- 3Y*
- 3.51%
- 5Y*
- -1.12%
- 10Y*
- -0.31%
SHLD vs. ISHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -6.53% | 74.16% | 35.03% | 12.89% |
ISHG iShares 1-3 Year International Treasury Bond ETF | -1.71% | 13.31% | -4.16% | 5.49% |
Correlation
The correlation between SHLD and ISHG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.25 |
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Return for Risk
SHLD vs. ISHG — Risk / Return Rank
SHLD
ISHG
SHLD vs. ISHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and iShares 1-3 Year International Treasury Bond ETF (ISHG). 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 | ISHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.00 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.03 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.46 | -0.07 | +0.54 |
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Drawdowns
SHLD vs. ISHG - Drawdown Comparison
The maximum SHLD drawdown since its inception was -22.38%, smaller than the maximum ISHG drawdown of -37.24%. Use the drawdown chart below to compare losses from any high point for SHLD and ISHG.
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Drawdown Indicators
| SHLD | ISHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -37.24% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -22.38% | -5.02% | -17.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.56% | — |
Current DrawdownCurrent decline from peak | -22.38% | -23.56% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -18.44% | +14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 2.13% | +6.56% |
Volatility
SHLD vs. ISHG - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 9.04% compared to iShares 1-3 Year International Treasury Bond ETF (ISHG) at 1.78%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than ISHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | ISHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 1.78% | +7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.19% | 4.90% | +15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.71% | 6.55% | +18.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.33% | 7.59% | +13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 6.93% | +14.40% |
SHLD vs. ISHG - Expense Ratio Comparison
SHLD has a 0.50% expense ratio, which is higher than ISHG's 0.35% expense ratio.
Dividends
SHLD vs. ISHG - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.59%, less than ISHG's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.48% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
SHLD Global X Defense Tech ETF | 0.59% | 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 ISHG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.04%) compared to ISHG (1.78%). In terms of maximum drawdown, SHLD dropped -22.38% vs ISHG's -37.24%.
On 1-year performance, SHLD leads with 4.03% vs -0.16% for ISHG. On fees, ISHG is cheaper at 0.35% per year. On volatility, ISHG has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHLD has performed better with a 4.03% return vs -0.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHG is cheaper with a 0.35% expense ratio, compared with 0.50% for SHLD.
ISHG has the higher dividend yield at 1.48%, compared with 0.59% for SHLD.
SHLD is categorized as Aerospace & Defense, while ISHG is International Government Bonds. SHLD tracks Global X Defense Tech Index, while ISHG tracks S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for SHLD and 0.35% for ISHG.
SHLD currently has the higher Sharpe Ratio (0.16 vs -0.02), 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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