UAA vs. SHLD
UAA (Under Armour, 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, UAA returned -1.46% vs 0.92% for SHLD. At a 0.21 correlation, their price movements are largely independent.
Performance
UAA vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, UAA achieves a 35.81% return, which is significantly higher than SHLD's -6.37% return.
UAA
- 1D
- -0.59%
- 1M
- 11.57%
- 6M
- 20.75%
- YTD
- 35.81%
- 1Y
- -1.46%
- 3Y*
- -3.92%
- 5Y*
- -19.96%
- 10Y*
- -16.64%
SHLD
- 1D
- -1.18%
- 1M
- -4.95%
- 6M
- -20.55%
- YTD
- -6.37%
- 1Y
- 0.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAA vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UAA Under Armour, Inc. | 35.81% | -39.98% | -5.80% | 21.41% |
SHLD Global X Defense Tech ETF | -6.37% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between UAA and SHLD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.21 |
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Return for Risk
UAA vs. SHLD — Risk / Return Rank
UAA
SHLD
UAA vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Under Armour, Inc. (UAA) 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.
| UAA | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.04 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.05 | 0.09 | -0.14 |
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Drawdowns
UAA vs. SHLD - Drawdown Comparison
The maximum UAA drawdown since its inception was -91.99%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for UAA and SHLD.
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Drawdown Indicators
| UAA | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -25.40% | -66.59% |
Max Drawdown (1Y)Largest decline over 1 year | -43.42% | -25.40% | -18.02% |
Max Drawdown (3Y)Largest decline over 3 years | -62.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -84.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.43% | — | — |
Current DrawdownCurrent decline from peak | -87.03% | -22.25% | -64.78% |
Average DrawdownAverage peak-to-trough decline | -45.98% | -3.82% | -42.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.13% | 9.99% | +18.14% |
Volatility
UAA vs. SHLD - Volatility Comparison
Under Armour, Inc. (UAA) has a higher volatility of 13.52% compared to Global X Defense Tech ETF (SHLD) at 9.71%. This indicates that UAA'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
| UAA | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.52% | 9.71% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 43.12% | 20.10% | +23.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.70% | 25.23% | +28.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.93% | 21.57% | +31.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.17% | 21.57% | +30.60% |
Dividends
UAA vs. SHLD - Dividend Comparison
UAA has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.70% | 0.55% | 0.53% | 0.26% |
UAA Under Armour, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UAA and SHLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UAA has higher volatility (13.52%) compared to SHLD (9.71%). In terms of maximum drawdown, UAA dropped -91.99% vs SHLD's -25.40%.
SHLD currently has the higher Sharpe Ratio (0.04 vs -0.03), 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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