SHLD vs. ^SP500TR
Compare and contrast key facts about Global X Defense Tech ETF (SHLD) and S&P 500 Total Return (^SP500TR).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHLD or ^SP500TR.
Key characteristics
| SHLD | ^SP500TR | |
|---|---|---|
| YTD Return | 47.99% | 26.93% |
| 1Y Return | 54.10% | 37.58% |
| Sharpe Ratio | 3.98 | 3.05 |
| Sortino Ratio | 5.22 | 4.06 |
| Omega Ratio | 1.71 | 1.57 |
| Calmar Ratio | 11.17 | 4.44 |
| Martin Ratio | 36.09 | 20.09 |
| Ulcer Index | 1.53% | 1.87% |
| Daily Std Dev | 13.89% | 12.28% |
| Max Drawdown | -5.42% | -55.25% |
| Current Drawdown | -0.80% | -0.28% |
Correlation
The correlation between SHLD and ^SP500TR 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. ^SP500TR - Performance Comparison
In the year-to-date period, SHLD achieves a 47.99% return, which is significantly higher than ^SP500TR's 26.93% 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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Risk-Adjusted Performance
SHLD vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
SHLD vs. ^SP500TR - Drawdown Comparison
The maximum SHLD drawdown since its inception was -5.42%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SHLD and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
SHLD vs. ^SP500TR - Volatility Comparison
Global X Defense Tech ETF (SHLD) has a higher volatility of 6.12% compared to S&P 500 Total Return (^SP500TR) at 3.85%. This indicates that SHLD's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.