SHLD vs. PPTA
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while PPTA (Perpetua Resources Corp) is a stock. Over the past year, SHLD returned 8.97% vs 31.89% for PPTA. At a 0.33 correlation, their price movements are largely independent.
Performance
SHLD vs. PPTA - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD achieves a -2.65% return, which is significantly higher than PPTA's -5.37% return.
SHLD
- 1D
- 0.03%
- 1M
- -3.34%
- YTD
- -2.65%
- 6M
- -0.77%
- 1Y
- 8.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPTA
- 1D
- 1.15%
- 1M
- -23.51%
- YTD
- -5.37%
- 6M
- -9.30%
- 1Y
- 31.89%
- 3Y*
- 71.90%
- 5Y*
- 22.69%
- 10Y*
- —
SHLD vs. PPTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -2.65% | 74.16% | 35.03% | 12.89% |
PPTA Perpetua Resources Corp | -5.37% | 126.90% | 236.59% | -8.38% |
Correlation
The correlation between SHLD and PPTA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.33 |
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Return for Risk
SHLD vs. PPTA — Risk / Return Rank
SHLD
PPTA
SHLD vs. PPTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Perpetua Resources Corp (PPTA). 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.
| SHLD | PPTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.14 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.82 | -0.37 |
| Martin ratioReturn relative to average drawdown | 1.16 | 1.90 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHLD | PPTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.43 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.98 | 0.30 | +1.68 |
Drawdowns
SHLD vs. PPTA - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum PPTA drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for SHLD and PPTA.
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Drawdown Indicators
| SHLD | PPTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -81.78% | +61.68% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -39.15% | +19.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.78% | — |
Current DrawdownCurrent decline from peak | -19.16% | -38.45% | +19.29% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -38.73% | +35.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 16.92% | -9.14% |
Volatility
SHLD vs. PPTA - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 7.64%, while Perpetua Resources Corp (PPTA) has a volatility of 24.72%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than PPTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | PPTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 24.72% | -17.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.39% | 55.73% | -36.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 75.03% | -50.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 71.85% | -50.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 72.00% | -50.86% |
Dividends
SHLD vs. PPTA - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, while PPTA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PPTA Perpetua Resources Corp | 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 PPTA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTA has higher volatility (24.72%) compared to SHLD (7.64%). In terms of maximum drawdown, SHLD dropped -20.10% vs PPTA's -81.78%.
PPTA currently has the higher Sharpe Ratio (0.43 vs 0.37), 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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