TTEQ vs. SHLD

Last updated Jun 5, 2026

TTEQ (T. Rowe Price Technology ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - TTEQ is a Technology Equities fund actively managed by T. Rowe Price, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. TTEQ is actively managed, while SHLD is passively managed. Over the past year, TTEQ returned 62.13% vs 11.52% for SHLD. At a 0.35 correlation, their price movements are largely independent. TTEQ charges 0.63%/yr vs 0.50%/yr for SHLD.

Performance

TTEQ vs. SHLD - Performance Comparison

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

Returns By Period

In the year-to-date period, TTEQ achieves a 36.31% return, which is significantly higher than SHLD's -0.74% return.

TTEQ

• 1D: -1.53%
• 1M: 14.44%
• YTD: 36.31%
• 6M: 34.13%
• 1Y: 62.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: 1.58%
• 1M: -4.77%
• YTD: -0.74%
• 6M: 2.22%
• 1Y: 11.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTEQ vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TTEQ T. Rowe Price Technology ETF	36.31%	24.25%	3.92%
SHLD Global X Defense Tech ETF	-0.74%	74.16%	-2.25%

Correlation

The correlation between TTEQ and SHLD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.35

TTEQ vs. SHLD - Sectors Allocation Comparison

Sectors	TTEQ	SHLD
Technology	72.4%	11.8%
Communication Services	8.4%	-
Consumer Cyclical	5.7%	-
Financial Services	3.4%	-
Industrials	0.7%	88.2%
Basic Materials	0.5%	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TTEQ vs. SHLD — Risk / Return Rank

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

TTEQ

TTEQ Risk / Return Rank: 75
TTEQ Sharpe Ratio Rank: 83
TTEQ Sortino Ratio Rank: 76
TTEQ Omega Ratio Rank: 76
TTEQ Calmar Ratio Rank: 73
TTEQ Martin Ratio Rank: 65

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.

TTEQ vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Technology ETF (TTEQ) 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.

	TTEQ	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.68	0.48	+2.19
Sortino ratio: Return per unit of downside risk	3.35	0.84	+2.50
Omega ratio: Gain probability vs. loss probability	1.45	1.10	+0.35
Calmar ratio: Return relative to maximum drawdown	3.61	0.58	+3.03
Martin ratio: Return relative to average drawdown	11.62	1.52	+10.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTEQ vs. SHLD - Sharpe Ratio Comparison

The current TTEQ Sharpe Ratio is 2.68, which is higher than the SHLD Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of TTEQ 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

	TTEQ	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	0.48	+2.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	2.03	-0.47

Drawdowns

TTEQ vs. SHLD - Drawdown Comparison

The maximum TTEQ drawdown since its inception was -26.97%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for TTEQ and SHLD.

Drawdown Indicators

	TTEQ	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-26.97%	-20.10%	-6.87%
Max Drawdown (1Y) Largest decline over 1 year	-17.31%	-20.10%	+2.79%
Current Drawdown Current decline from peak	-2.34%	-17.57%	+15.23%
Average Drawdown Average peak-to-trough decline	-4.76%	-3.21%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	7.60%	-2.24%

Volatility

TTEQ vs. SHLD - Volatility Comparison

T. Rowe Price Technology ETF (TTEQ) and Global X Defense Tech ETF (SHLD) have volatilities of 8.20% and 8.02%, 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

	TTEQ	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	8.02%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	19.39%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	23.36%	24.08%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.30%	21.14%	+6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.30%	21.14%	+6.16%

TTEQ vs. SHLD - Expense Ratio Comparison

TTEQ has a 0.63% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

TTEQ vs. SHLD - Dividend Comparison

TTEQ 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%
TTEQ T. Rowe Price Technology ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTEQ and SHLD in my portfolio?

TTEQ and SHLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTEQ or SHLD?

TTEQ has higher volatility (8.20%) compared to SHLD (8.02%). In terms of maximum drawdown, TTEQ dropped -26.97% vs SHLD's -20.10%.

Which ETF is better, TTEQ or SHLD?

On 1-year performance, TTEQ leads with 62.13% vs 11.52% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TTEQ or SHLD?

Over the 1-year period, TTEQ has performed better with a 62.13% return vs 11.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TTEQ or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.63% for TTEQ.

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

SHLD has the higher dividend yield at 0.55%, compared with 0.00% for TTEQ.

What is the main difference between TTEQ and SHLD?

TTEQ is categorized as Technology Equities, while SHLD is Aerospace & Defense. They also come from different issuers: T. Rowe Price and Global X. Their fees differ too: 0.63% for TTEQ and 0.50% for SHLD.

Which has better risk-adjusted returns?

TTEQ currently has the higher Sharpe Ratio (2.68 vs 0.48), 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.