SHLD vs. VOLT

Last updated Jun 14, 2026

SHLD (Global X Defense Tech ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index, while VOLT is a Energy Equities fund actively managed by Tema. SHLD is passively managed, while VOLT is actively managed. Over the past year, SHLD returned 8.26% vs 62.39% for VOLT. At a 0.39 correlation, their price movements are largely independent. SHLD charges 0.50%/yr vs 0.75%/yr for VOLT.

Performance

SHLD vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Defense Tech ETF (SHLD) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHLD achieves a -1.50% return, which is significantly lower than VOLT's 36.32% return.

SHLD

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

VOLT

• 1D: 1.28%
• 1M: -0.71%
• YTD: 36.32%
• 6M: 35.03%
• 1Y: 62.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHLD vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHLD Global X Defense Tech ETF	-1.50%	74.16%	-4.46%
VOLT Tema Electrification ETF	36.32%	25.92%	-8.98%

Correlation

The correlation between SHLD and VOLT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.39

SHLD vs. VOLT - Sectors Allocation Comparison

Sectors	SHLD	VOLT
Industrials	87.8%	46.7%
Technology	12.2%	12.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	3.4%
Consumer Defensive	-	-
Energy	-	5.1%
Financial Services	-	0.5%
Healthcare	-	-
Real Estate	-	-
Utilities	-	31.8%

Return for Risk

SHLD vs. VOLT — 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

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 92
VOLT Sortino Ratio Rank: 89
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 90

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.87	-2.44
Sortino ratio: Return per unit of downside risk	0.78	3.62	-2.84
Omega ratio: Gain probability vs. loss probability	1.09	1.47	-0.39
Calmar ratio: Return relative to maximum drawdown	0.52	6.35	-5.83
Martin ratio: Return relative to average drawdown	1.28	17.90	-16.62

SHLD vs. VOLT - Sharpe Ratio Comparison

The current SHLD Sharpe Ratio is 0.43, which is lower than the VOLT Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of SHLD and VOLT, 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. VOLT - Drawdown Comparison

The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for SHLD and VOLT.

Drawdown Indicators

	SHLD	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-23.40%	+3.30%
Max Drawdown (1Y) Largest decline over 1 year	-20.10%	-9.59%	-10.51%
Current Drawdown Current decline from peak	-18.20%	-4.76%	-13.44%
Average Drawdown Average peak-to-trough decline	-3.34%	-5.19%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.12%	3.40%	+4.72%

Volatility

SHLD vs. VOLT - Volatility Comparison

Global X Defense Tech ETF (SHLD) and Tema Electrification ETF (VOLT) have volatilities of 9.05% and 9.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHLD	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	9.23%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	19.94%	18.19%	+1.75%
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	21.28%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	24.40%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	24.40%	-3.11%

SHLD vs. VOLT - Expense Ratio Comparison

SHLD has a 0.50% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

SHLD vs. VOLT - Dividend Comparison

SHLD's dividend yield for the trailing twelve months is around 0.56%, more than VOLT's 0.33% yield.

Position	TTM	2025	2024	2023
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%	0.00%

Frequently Asked Questions

Can I hold both SHLD and VOLT in my portfolio?

SHLD and VOLT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHLD or VOLT?

VOLT has higher volatility (9.23%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs VOLT's -23.40%.

Which ETF is better, SHLD or VOLT?

On 1-year performance, VOLT leads with 62.39% vs 8.26% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHLD or VOLT?

Over the 1-year period, VOLT has performed better with a 62.39% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHLD or VOLT?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.75% for VOLT.

Which ETF pays a higher dividend yield, SHLD or VOLT?

SHLD has the higher dividend yield at 0.56%, compared with 0.33% for VOLT.

What is the main difference between SHLD and VOLT?

SHLD is categorized as Aerospace & Defense, while VOLT is Energy Equities. They also come from different issuers: Global X and Tema. Their fees differ too: 0.50% for SHLD and 0.75% for VOLT.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (2.87 vs 0.43), 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.