UIVM vs. SHLD

Last updated Jun 13, 2026

UIVM (VictoryShares International Value Momentum ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - UIVM is a Momentum fund tracking the Nasdaq Victory International Value Momentum Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, UIVM returned 33.17% vs 8.26% for SHLD. At a 0.46 correlation, their price movements are largely independent. UIVM charges 0.35%/yr vs 0.50%/yr for SHLD.

Performance

UIVM vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) 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, UIVM achieves a 15.12% return, which is significantly higher than SHLD's -1.50% return.

UIVM

• 1D: 0.32%
• 1M: 0.05%
• YTD: 15.12%
• 6M: 17.12%
• 1Y: 33.17%
• 3Y*: 24.11%
• 5Y*: 11.89%
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: -0.44%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UIVM vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UIVM VictoryShares International Value Momentum ETF	15.12%	45.47%	5.23%	7.52%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between UIVM and SHLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.46

UIVM vs. SHLD - Sectors Allocation Comparison

Sectors	UIVM	SHLD
Financial Services	30.1%	-
Industrials	21.8%	88.2%
Consumer Cyclical	8.2%	-
Consumer Defensive	6.2%	-
Healthcare	5.8%	-
Basic Materials	5.6%	-
Utilities	5.2%	-
Real Estate	4.8%	-
Technology	4.6%	11.8%
Energy	4.6%	-
Communication Services	3.2%	-

Return for Risk

UIVM vs. SHLD — Risk / Return Rank

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

UIVM

UIVM Risk / Return Rank: 73
UIVM Sharpe Ratio Rank: 76
UIVM Sortino Ratio Rank: 76
UIVM Omega Ratio Rank: 77
UIVM Calmar Ratio Rank: 67
UIVM Martin Ratio Rank: 66

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
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.

UIVM vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) 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.

	UIVM	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.13	0.43	+1.71
Sortino ratio: Return per unit of downside risk	2.96	0.78	+2.18
Omega ratio: Gain probability vs. loss probability	1.39	1.09	+0.30
Calmar ratio: Return relative to maximum drawdown	2.95	0.52	+2.43
Martin ratio: Return relative to average drawdown	10.70	1.28	+9.42

UIVM vs. SHLD - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.13, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of UIVM 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.

Drawdowns

UIVM vs. SHLD - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for UIVM and SHLD.

Drawdown Indicators

	UIVM	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-20.10%	-22.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-20.10%	+9.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	—	—
Current Drawdown Current decline from peak	-0.74%	-18.20%	+17.46%
Average Drawdown Average peak-to-trough decline	-9.68%	-3.34%	-6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	8.12%	-5.09%

Volatility

UIVM vs. SHLD - Volatility Comparison

The current volatility for VictoryShares International Value Momentum ETF (UIVM) is 6.01%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that UIVM experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIVM	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	9.05%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	19.94%	-6.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	24.55%	-9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	21.29%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	21.29%	-4.04%

UIVM vs. SHLD - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

UIVM vs. SHLD - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.02%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UIVM VictoryShares International Value Momentum ETF	3.02%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%

Frequently Asked Questions

Can I hold both UIVM and SHLD in my portfolio?

UIVM and SHLD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UIVM or SHLD?

SHLD has higher volatility (9.05%) compared to UIVM (6.01%). In terms of maximum drawdown, UIVM dropped -42.73% vs SHLD's -20.10%.

Which ETF is better, UIVM or SHLD?

On 1-year performance, UIVM leads with 33.17% vs 8.26% for SHLD. On fees, UIVM is cheaper at 0.35% per year. On volatility, UIVM has been the lower-risk option at 6.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or SHLD?

Over the 1-year period, UIVM has performed better with a 33.17% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or SHLD?

UIVM is cheaper with a 0.35% expense ratio, compared with 0.50% for SHLD.

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

UIVM has the higher dividend yield at 3.02%, compared with 0.56% for SHLD.

What is the main difference between UIVM and SHLD?

UIVM is categorized as Momentum, while SHLD is Aerospace & Defense. UIVM tracks Nasdaq Victory International Value Momentum Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Victory Capital and Global X. Their fees differ too: 0.35% for UIVM and 0.50% for SHLD.

Which has better risk-adjusted returns?

UIVM currently has the higher Sharpe Ratio (2.13 vs 0.43), 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.