SKYW vs. SHLD
SKYW (SkyWest, Inc.) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, SKYW returned -4.24% vs 8.26% for SHLD. At a 0.32 correlation, their price movements are largely independent.
Performance
SKYW vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, SKYW achieves a -8.63% return, which is significantly lower than SHLD's -1.50% return.
SKYW
- 1D
- 2.27%
- 1M
- 12.92%
- YTD
- -8.63%
- 6M
- -13.32%
- 1Y
- -4.24%
- 3Y*
- 34.96%
- 5Y*
- 13.58%
- 10Y*
- 14.74%
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SKYW vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SKYW SkyWest, Inc. | -8.63% | 0.28% | 91.82% | 20.64% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between SKYW and SHLD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.32 |
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Return for Risk
SKYW vs. SHLD — Risk / Return Rank
SKYW
SHLD
SKYW vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWest, Inc. (SKYW) and Global X Defense Tech ETF (SHLD). 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.
| SKYW | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.52 | -0.72 |
| Martin ratioReturn relative to average drawdown | -0.37 | 1.28 | -1.65 |
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Drawdowns
SKYW vs. SHLD - Drawdown Comparison
The maximum SKYW drawdown since its inception was -81.77%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for SKYW and SHLD.
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Drawdown Indicators
| SKYW | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.77% | -20.10% | -61.67% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -20.10% | -16.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -71.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | — | — |
Current DrawdownCurrent decline from peak | -25.84% | -18.20% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -3.34% | -32.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.82% | 8.12% | +11.70% |
Volatility
SKYW vs. SHLD - Volatility Comparison
SkyWest, Inc. (SKYW) has a higher volatility of 13.26% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that SKYW's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYW | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 9.05% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 28.02% | 19.94% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.10% | 24.55% | +12.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.64% | 21.29% | +22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.48% | 21.29% | +30.19% |
Dividends
SKYW vs. SHLD - Dividend Comparison
SKYW has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKYW SkyWest, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.74% | 0.90% | 0.60% | 0.52% | 0.84% |
Frequently Asked Questions
SKYW and SHLD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYW has higher volatility (13.26%) compared to SHLD (9.05%). In terms of maximum drawdown, SKYW dropped -81.77% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.20), 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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