SHLD vs. PTY
SHLD (Global X Defense Tech ETF) and PTY (PIMCO Corporate & Income Opportunity Fund) are both funds - SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past year, SHLD returned 8.26% vs -4.11% for PTY. At a 0.22 correlation, their price movements are largely independent. SHLD charges 0.50%/yr vs 1.19%/yr for PTY.
Performance
SHLD vs. PTY - 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 PTY's -3.70% return.
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PTY
- 1D
- 0.26%
- 1M
- -0.51%
- YTD
- -3.70%
- 6M
- -3.85%
- 1Y
- -4.11%
- 3Y*
- 7.73%
- 5Y*
- -0.75%
- 10Y*
- 8.71%
SHLD vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
PTY PIMCO Corporate & Income Opportunity Fund | -3.70% | -0.51% | 19.87% | -1.21% |
Correlation
The correlation between SHLD and PTY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.22 |
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Return for Risk
SHLD vs. PTY — Risk / Return Rank
SHLD
PTY
SHLD vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and PIMCO Corporate & Income Opportunity Fund (PTY). 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 | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.92 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.29 | +0.81 |
| Martin ratioReturn relative to average drawdown | 1.28 | -0.57 | +1.86 |
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Drawdowns
SHLD vs. PTY - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for SHLD and PTY.
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Drawdown Indicators
| SHLD | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -60.86% | +40.76% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -15.44% | -4.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.55% | — |
Current DrawdownCurrent decline from peak | -18.20% | -12.60% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -8.61% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 7.89% | +0.23% |
Volatility
SHLD vs. PTY - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 9.05% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.64%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 2.64% | +6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 7.49% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 10.80% | +13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 17.39% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 21.19% | +0.10% |
SHLD vs. PTY - Expense Ratio Comparison
SHLD has a 0.50% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
SHLD vs. PTY - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, less than PTY's 12.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.15% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
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 PTY have a correlation of 0.26, 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 PTY (2.64%). In terms of maximum drawdown, SHLD dropped -20.10% vs PTY's -60.86%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.42), 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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