VPN vs. SHLD
Compare and contrast key facts about Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Global X Defense Tech ETF (SHLD).
VPN and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VPN is a passively managed fund by Global X that tracks the performance of the Solactive Data Center REITs & Digital Infrastructure Index. It was launched on Oct 27, 2020. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both VPN and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VPN vs. SHLD - Performance Comparison
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VPN vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 13.55% | 28.99% | 14.92% | 11.45% |
SHLD Global X Defense Tech ETF | 9.34% | 74.16% | 35.03% | 12.89% |
Returns By Period
In the year-to-date period, VPN achieves a 13.55% return, which is significantly higher than SHLD's 9.34% return.
VPN
- 1D
- 3.90%
- 1M
- -6.26%
- YTD
- 13.55%
- 6M
- 17.74%
- 1Y
- 49.09%
- 3Y*
- 23.89%
- 5Y*
- 10.33%
- 10Y*
- —
SHLD
- 1D
- 3.72%
- 1M
- -5.37%
- YTD
- 9.34%
- 6M
- 1.22%
- 1Y
- 53.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VPN vs. SHLD - Expense Ratio Comparison
Both VPN and SHLD have an expense ratio of 0.50%.
Return for Risk
VPN vs. SHLD — Risk / Return Rank
VPN
SHLD
VPN vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) 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.
| VPN | SHLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 2.10 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.77 | 2.75 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.74 | 3.53 | +0.22 |
Martin ratioReturn relative to average drawdown | 11.13 | 10.28 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPN | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.10 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 2.53 | -2.02 |
Correlation
The correlation between VPN and SHLD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VPN vs. SHLD - Dividend Comparison
VPN's dividend yield for the trailing twelve months is around 0.97%, more than SHLD's 0.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 0.97% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% |
SHLD Global X Defense Tech ETF | 0.50% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% |
Drawdowns
VPN vs. SHLD - Drawdown Comparison
The maximum VPN drawdown since its inception was -38.98%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for VPN and SHLD.
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Drawdown Indicators
| VPN | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -15.06% | -23.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -15.06% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -38.98% | — | — |
Current DrawdownCurrent decline from peak | -8.58% | -9.20% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -2.57% | -10.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 5.17% | -0.78% |
Volatility
VPN vs. SHLD - Volatility Comparison
The current volatility for Global X Data Center REITs & Digital Infrastructure ETF (VPN) is 8.15%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.85%. This indicates that VPN 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.
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Volatility by Period
| VPN | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 8.85% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 18.37% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 25.40% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 20.70% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 20.70% | +1.13% |