SHLD vs. SPY
Compare and contrast key facts about Global X Defense Tech ETF (SHLD) and SPDR S&P 500 ETF (SPY).
SHLD and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SHLD and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHLD or SPY.
Key characteristics
| SHLD | SPY | |
|---|---|---|
| YTD Return | 46.91% | 26.83% |
| 1Y Return | 51.93% | 34.88% |
| Sharpe Ratio | 3.81 | 3.08 |
| Sortino Ratio | 5.03 | 4.10 |
| Omega Ratio | 1.68 | 1.58 |
| Calmar Ratio | 10.69 | 4.46 |
| Martin Ratio | 34.49 | 20.22 |
| Ulcer Index | 1.54% | 1.85% |
| Daily Std Dev | 13.91% | 12.18% |
| Max Drawdown | -5.42% | -55.19% |
| Current Drawdown | -1.52% | -0.26% |
Correlation
The correlation between SHLD and SPY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SHLD vs. SPY - Performance Comparison
In the year-to-date period, SHLD achieves a 46.91% return, which is significantly higher than SPY's 26.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHLD vs. SPY - Expense Ratio Comparison
SHLD has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SHLD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SHLD vs. SPY - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.32%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.32% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SHLD vs. SPY - Drawdown Comparison
The maximum SHLD drawdown since its inception was -5.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SHLD and SPY. For additional features, visit the drawdowns tool.
Volatility
SHLD vs. SPY - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 6.17% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.