SHLD vs. VEQT.TO

Last updated Jun 14, 2026

SHLD (Global X Defense Tech ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. SHLD is passively managed, while VEQT.TO is actively managed. Over the past year, SHLD returned 8.26% vs 28.23% for VEQT.TO. At a 0.39 correlation, their price movements are largely independent. SHLD charges 0.50%/yr vs 0.24%/yr for VEQT.TO.

Performance

SHLD vs. VEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Defense Tech ETF (SHLD) and Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SHLD is traded in USD, while VEQT.TO is traded in CAD. To make them comparable, the VEQT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SHLD achieves a -1.50% return, which is significantly lower than VEQT.TO's 10.24% return.

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEQT.TO

• 1D: 0.50%
• 1M: 1.64%
• YTD: 10.24%
• 6M: 11.35%
• 1Y: 28.23%
• 3Y*: 20.18%
• 5Y*: 10.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHLD vs. VEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%
VEQT.TO Vanguard All-Equity ETF Portfolio	10.24%	26.13%	15.22%	7.62%

Correlation

The correlation between SHLD and VEQT.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.39

SHLD vs. VEQT.TO - Sectors Allocation Comparison

Sectors	SHLD	VEQT.TO
Industrials	87.8%	11.6%
Technology	12.2%	20.3%
Basic Materials	-	8.6%
Communication Services	-	6.0%
Consumer Cyclical	-	7.8%
Consumer Defensive	-	4.5%
Energy	-	8.7%
Financial Services	-	20.7%
Healthcare	-	6.6%
Real Estate	-	2.2%
Utilities	-	2.8%

Return for Risk

SHLD vs. VEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

VEQT.TO

VEQT.TO Risk / Return Rank: 86
VEQT.TO Sharpe Ratio Rank: 88
VEQT.TO Sortino Ratio Rank: 87
VEQT.TO Omega Ratio Rank: 86
VEQT.TO Calmar Ratio Rank: 82
VEQT.TO Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHLD vs. VEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Vanguard All-Equity ETF Portfolio (VEQT.TO). 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	VEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.11	-1.68
Sortino ratio: Return per unit of downside risk	0.78	2.88	-2.10
Omega ratio: Gain probability vs. loss probability	1.09	1.39	-0.30
Calmar ratio: Return relative to maximum drawdown	0.52	3.07	-2.55
Martin ratio: Return relative to average drawdown	1.28	13.27	-11.98

SHLD vs. VEQT.TO - Sharpe Ratio Comparison

The current SHLD Sharpe Ratio is 0.43, which is lower than the VEQT.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of SHLD and VEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHLD vs. VEQT.TO - Drawdown Comparison

The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum VEQT.TO drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for SHLD and VEQT.TO.

Drawdown Indicators

	SHLD	VEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-36.24%	+16.14%
Max Drawdown (1Y) Largest decline over 1 year	-20.10%	-8.98%	-11.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Current Drawdown Current decline from peak	-18.20%	-1.73%	-16.47%
Average Drawdown Average peak-to-trough decline	-3.34%	-5.33%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.12%	2.07%	+6.05%

Volatility

SHLD vs. VEQT.TO - Volatility Comparison

Global X Defense Tech ETF (SHLD) has a higher volatility of 9.05% compared to Vanguard All-Equity ETF Portfolio (VEQT.TO) at 5.01%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHLD	VEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	5.01%	+4.04%
Volatility (6M) Calculated over the trailing 6-month period	19.94%	10.51%	+9.43%
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	13.08%	+11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	14.43%	+6.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	16.98%	+4.31%

SHLD vs. VEQT.TO - Expense Ratio Comparison

SHLD has a 0.50% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.

Dividends

SHLD vs. VEQT.TO - Dividend Comparison

SHLD's dividend yield for the trailing twelve months is around 0.56%, less than VEQT.TO's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%
VEQT.TO Vanguard All-Equity ETF Portfolio	1.26%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.43%

Frequently Asked Questions

Can I hold both SHLD and VEQT.TO in my portfolio?

SHLD and VEQT.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHLD or VEQT.TO?

On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHLD or VEQT.TO?

VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.50% for SHLD.

What is the main difference between SHLD and VEQT.TO?

SHLD is categorized as Aerospace & Defense, while VEQT.TO is Global Equities. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.50% for SHLD and 0.24% for VEQT.TO.