SHLD vs. JNJ
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while JNJ (Johnson & Johnson) is a stock. Over the past year, SHLD returned 10.40% vs 57.60% for JNJ. At a 0.07 correlation, their price movements are largely independent.
Performance
SHLD vs. JNJ - 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 JNJ's 17.68% return.
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
SHLD vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -3.41% |
Correlation
The correlation between SHLD and JNJ is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.07 |
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Return for Risk
SHLD vs. JNJ — Risk / Return Rank
SHLD
JNJ
SHLD vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Johnson & Johnson (JNJ). 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 | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.61 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 5.28 | -4.76 |
| Martin ratioReturn relative to average drawdown | 1.28 | 15.52 | -14.24 |
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Drawdowns
SHLD vs. JNJ - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for SHLD and JNJ.
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Drawdown Indicators
| SHLD | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -50.67% | +30.57% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -10.96% | -9.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.37% | — |
Current DrawdownCurrent decline from peak | -18.20% | -2.54% | -15.66% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -11.90% | +8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 3.72% | +4.40% |
Volatility
SHLD vs. JNJ - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 9.05% compared to Johnson & Johnson (JNJ) at 5.47%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 5.47% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 12.16% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 16.94% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 16.87% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 18.48% | +2.81% |
Dividends
SHLD vs. JNJ - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, less than JNJ's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
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 JNJ have a correlation of -0.00, 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 JNJ (5.47%). In terms of maximum drawdown, SHLD dropped -20.10% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.42 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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