SHLD vs. SPOT
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while SPOT (Spotify Technology S.A.) is a stock. Over the past year, SHLD returned 8.26% vs -32.19% for SPOT. At a 0.19 correlation, their price movements are largely independent.
Performance
SHLD vs. SPOT - 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 SPOT's -17.00% return.
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT
- 1D
- -0.82%
- 1M
- 11.43%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -32.19%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
SHLD vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
SPOT Spotify Technology S.A. | -17.00% | 29.80% | 138.08% | 21.51% |
Correlation
The correlation between SHLD and SPOT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.19 |
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Return for Risk
SHLD vs. SPOT — Risk / Return Rank
SHLD
SPOT
SHLD vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Spotify Technology S.A. (SPOT). 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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.89 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.67 | +1.19 |
| Martin ratioReturn relative to average drawdown | 1.28 | -1.16 | +2.44 |
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Drawdowns
SHLD vs. SPOT - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for SHLD and SPOT.
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Drawdown Indicators
| SHLD | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -80.51% | +60.41% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -46.80% | +26.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -46.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.39% | — |
Current DrawdownCurrent decline from peak | -18.20% | -37.88% | +19.68% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -30.87% | +27.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 27.16% | -19.04% |
Volatility
SHLD vs. SPOT - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 9.05%, while Spotify Technology S.A. (SPOT) has a volatility of 16.23%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 16.23% | -7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 37.28% | -17.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 45.28% | -20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 47.58% | -26.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 47.36% | -26.07% |
Dividends
SHLD vs. SPOT - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHLD and SPOT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.23%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs SPOT's -80.51%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.70), 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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