SHLD vs. PLTR
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while PLTR (Palantir Technologies Inc.) is a stock. Over the past year, SHLD returned 10.40% vs -5.33% for PLTR. At a 0.47 correlation, their price movements are largely independent.
Performance
SHLD vs. PLTR - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD achieves a -1.50% return, which is significantly higher than PLTR's -27.99% return.
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
SHLD vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 10.13% |
Correlation
The correlation between SHLD and PLTR is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.47 |
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Return for Risk
SHLD vs. PLTR — Risk / Return Rank
SHLD
PLTR
SHLD vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.03 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.14 | +0.66 |
| Martin ratioReturn relative to average drawdown | 1.28 | -0.25 | +1.53 |
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Drawdowns
SHLD vs. PLTR - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for SHLD and PLTR.
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Drawdown Indicators
| SHLD | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -84.62% | +64.52% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -38.22% | +18.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -18.20% | -38.22% | +20.02% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -40.27% | +36.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 21.23% | -13.11% |
Volatility
SHLD vs. PLTR - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 9.05%, while Palantir Technologies Inc. (PLTR) has a volatility of 17.16%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 17.16% | -8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 38.32% | -18.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 50.83% | -26.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 65.44% | -44.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 69.75% | -48.46% |
Dividends
SHLD vs. PLTR - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, while PLTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PLTR Palantir Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
SHLD and PLTR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.16%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs PLTR's -84.62%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.11), 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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