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 -15.87% vs 4.03% 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 16.30% return, which is significantly higher than SHLD's -6.53% return.
UAA
- 1D
- -2.20%
- 1M
- 5.09%
- YTD
- 16.30%
- 6M
- 26.75%
- 1Y
- -15.87%
- 3Y*
- -6.80%
- 5Y*
- -22.92%
- 10Y*
- -17.03%
SHLD
- 1D
- -0.05%
- 1M
- -7.05%
- YTD
- -6.53%
- 6M
- -8.73%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAA vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UAA Under Armour, Inc. | 16.30% | -39.98% | -5.80% | 21.41% |
SHLD Global X Defense Tech ETF | -6.53% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between UAA and SHLD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
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 | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.18 | -0.55 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.46 | -1.04 |
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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 -22.38%. 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% | -22.38% | -69.61% |
Max Drawdown (1Y)Largest decline over 1 year | -43.42% | -22.38% | -21.04% |
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 | -88.90% | -22.38% | -66.52% |
Average DrawdownAverage peak-to-trough decline | -45.87% | -3.49% | -42.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.75% | 8.69% | +19.06% |
Volatility
UAA vs. SHLD - Volatility Comparison
Under Armour, Inc. (UAA) has a higher volatility of 13.85% compared to Global X Defense Tech ETF (SHLD) at 9.04%. 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 | 13.85% | 9.04% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 43.90% | 20.19% | +23.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 24.71% | +28.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.83% | 21.33% | +31.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.18% | 21.33% | +30.85% |
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 0.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.59% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UAA has higher volatility (13.85%) compared to SHLD (9.04%). In terms of maximum drawdown, UAA dropped -91.99% vs SHLD's -22.38%.
SHLD currently has the higher Sharpe Ratio (0.16 vs -0.30), 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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