SPOT vs. SHLD
SPOT (Spotify Technology S.A.) 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, SPOT returned -32.19% vs 8.26% for SHLD. At a 0.19 correlation, their price movements are largely independent.
Performance
SPOT vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -17.00% return, which is significantly lower than SHLD's -1.50% return.
SPOT
- 1D
- -0.82%
- 1M
- 11.43%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -32.19%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPOT Spotify Technology S.A. | -17.00% | 29.80% | 138.08% | 21.51% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between SPOT and SHLD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.19 |
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Return for Risk
SPOT vs. SHLD — Risk / Return Rank
SPOT
SHLD
SPOT vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) 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.
| SPOT | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.09 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.52 | -1.19 |
| Martin ratioReturn relative to average drawdown | -1.16 | 1.28 | -2.44 |
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Drawdowns
SPOT vs. SHLD - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for SPOT and SHLD.
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Drawdown Indicators
| SPOT | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -20.10% | -60.41% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -20.10% | -26.70% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | — | — |
Current DrawdownCurrent decline from peak | -37.88% | -18.20% | -19.68% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -3.34% | -27.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.16% | 8.12% | +19.04% |
Volatility
SPOT vs. SHLD - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 16.23% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that SPOT'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
| SPOT | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 9.05% | +7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 37.28% | 19.94% | +17.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.28% | 24.55% | +20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.58% | 21.29% | +26.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.36% | 21.29% | +26.07% |
Dividends
SPOT vs. SHLD - Dividend Comparison
SPOT 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 |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOT and SHLD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.23%) compared to SHLD (9.05%). In terms of maximum drawdown, SPOT dropped -80.51% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.70), 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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