SPYA.DE vs. SHLD

Last updated Jun 5, 2026

SPYA.DE (SPDR MSCI EM Asia UCITS ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - SPYA.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, SPYA.DE returned 53.92% vs 9.65% for SHLD. At a 0.21 correlation, their price movements are largely independent. SPYA.DE charges 0.55%/yr vs 0.50%/yr for SHLD.

Performance

SPYA.DE vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI EM Asia UCITS ETF (SPYA.DE) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPYA.DE is traded in EUR, while SHLD is traded in USD. To make them comparable, the SHLD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYA.DE achieves a 32.76% return, which is significantly higher than SHLD's 0.39% return.

SPYA.DE

• 1D: -1.79%
• 1M: 7.19%
• YTD: 32.76%
• 6M: 34.22%
• 1Y: 53.92%
• 3Y*: 22.22%
• 5Y*: 8.39%
• 10Y*: 10.77%

SHLD

• 1D: 1.44%
• 1M: -4.13%
• YTD: 0.39%
• 6M: 2.50%
• 1Y: 9.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPYA.DE vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPYA.DE SPDR MSCI EM Asia UCITS ETF	32.76%	17.77%	17.39%	0.30%
SHLD Global X Defense Tech ETF	0.39%	53.49%	43.94%	9.77%

Correlation

The correlation between SPYA.DE and SHLD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.21

Return for Risk

SPYA.DE vs. SHLD — Risk / Return Rank

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

SPYA.DE

SPYA.DE Risk / Return Rank: 85
SPYA.DE Sharpe Ratio Rank: 87
SPYA.DE Sortino Ratio Rank: 83
SPYA.DE Omega Ratio Rank: 83
SPYA.DE Calmar Ratio Rank: 87
SPYA.DE Martin Ratio Rank: 84

SHLD

SHLD Risk / Return Rank: 17
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 18
SHLD Omega Ratio Rank: 17
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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.

SPYA.DE vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EM Asia UCITS ETF (SPYA.DE) 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.

	SPYA.DE	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.80	0.41	+2.39
Sortino ratio: Return per unit of downside risk	3.64	0.74	+2.90
Omega ratio: Gain probability vs. loss probability	1.49	1.09	+0.41
Calmar ratio: Return relative to maximum drawdown	4.82	0.48	+4.34
Martin ratio: Return relative to average drawdown	16.86	1.23	+15.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYA.DE vs. SHLD - Sharpe Ratio Comparison

The current SPYA.DE Sharpe Ratio is 2.80, which is higher than the SHLD Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of SPYA.DE and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYA.DE	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	0.41	+2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.85	-1.40

Drawdowns

SPYA.DE vs. SHLD - Drawdown Comparison

The maximum SPYA.DE drawdown since its inception was -35.34%, which is greater than SHLD's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for SPYA.DE and SHLD.

Drawdown Indicators

	SPYA.DE	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-35.34%	-20.18%	-15.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-20.18%	+9.05%
Max Drawdown (3Y) Largest decline over 3 years	-21.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.85%	—	—
Current Drawdown Current decline from peak	-2.98%	-17.56%	+14.58%
Average Drawdown Average peak-to-trough decline	-10.94%	-3.14%	-7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	7.88%	-4.69%

Volatility

SPYA.DE vs. SHLD - Volatility Comparison

SPDR MSCI EM Asia UCITS ETF (SPYA.DE) has a higher volatility of 8.10% compared to Global X Defense Tech ETF (SHLD) at 7.56%. This indicates that SPYA.DE'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.

Volatility by Period

	SPYA.DE	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	7.56%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	16.09%	18.83%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	23.77%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	21.02%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	21.02%	-1.83%

SPYA.DE vs. SHLD - Expense Ratio Comparison

SPYA.DE has a 0.55% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

SPYA.DE vs. SHLD - Dividend Comparison

SPYA.DE has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023
SHLD Global X Defense Tech ETF	0.55%	0.55%	0.53%	0.26%
SPYA.DE SPDR MSCI EM Asia UCITS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPYA.DE and SHLD in my portfolio?

SPYA.DE and SHLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYA.DE or SHLD?

On fees, SHLD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYA.DE or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.55% for SPYA.DE.

What is the main difference between SPYA.DE and SHLD?

SPYA.DE is categorized as Asia Pacific Equities, while SHLD is Aerospace & Defense. SPYA.DE tracks MSCI Emerging Markets Asia, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.55% for SPYA.DE and 0.50% for SHLD.