SHLD vs. ITA
Compare and contrast key facts about Global X Defense Tech ETF (SHLD) and iShares U.S. Aerospace & Defense ETF (ITA).
SHLD and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. ITA is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index. It was launched on May 5, 2006. Both SHLD and ITA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHLD or ITA.
Key characteristics
| SHLD | ITA | |
|---|---|---|
| YTD Return | 46.91% | 23.99% |
| 1Y Return | 51.93% | 35.58% |
| Sharpe Ratio | 3.81 | 2.49 |
| Sortino Ratio | 5.03 | 3.33 |
| Omega Ratio | 1.68 | 1.47 |
| Calmar Ratio | 10.69 | 5.10 |
| Martin Ratio | 34.49 | 16.27 |
| Ulcer Index | 1.54% | 2.25% |
| Daily Std Dev | 13.91% | 14.73% |
| Max Drawdown | -5.42% | -59.72% |
| Current Drawdown | -1.52% | -0.79% |
Correlation
The correlation between SHLD and ITA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SHLD vs. ITA - Performance Comparison
In the year-to-date period, SHLD achieves a 46.91% return, which is significantly higher than ITA's 23.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHLD vs. ITA - Expense Ratio Comparison
SHLD has a 0.50% expense ratio, which is higher than ITA's 0.42% expense ratio.
Risk-Adjusted Performance
SHLD vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and iShares U.S. Aerospace & Defense ETF (ITA). 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.
Dividends
SHLD vs. ITA - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.32%, less than ITA's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.32% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITA iShares U.S. Aerospace & Defense ETF | 0.78% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
Drawdowns
SHLD vs. ITA - Drawdown Comparison
The maximum SHLD drawdown since its inception was -5.42%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for SHLD and ITA. For additional features, visit the drawdowns tool.
Volatility
SHLD vs. ITA - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 6.17%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 6.94%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.