XCLR vs. SHLD

Last updated Jun 4, 2026

XCLR (Global X S&P 500 Collar 95-110 ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - XCLR is a Equity Hedged fund tracking the Cboe S&P 500 3-Month Collar 95-110 Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, XCLR returned 13.37% vs 9.71% for SHLD. At a 0.45 correlation, their price movements are largely independent. XCLR charges 0.25%/yr vs 0.50%/yr for SHLD.

Performance

XCLR vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Collar 95-110 ETF (XCLR) 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, XCLR achieves a 2.37% return, which is significantly higher than SHLD's -2.28% return.

XCLR

• 1D: -0.05%
• 1M: 2.04%
• YTD: 2.37%
• 6M: 2.16%
• 1Y: 13.37%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.39%
• 1M: -7.01%
• YTD: -2.28%
• 6M: 1.71%
• 1Y: 9.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XCLR vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XCLR Global X S&P 500 Collar 95-110 ETF	2.37%	10.25%	20.67%	6.03%
SHLD Global X Defense Tech ETF	-2.28%	74.16%	35.03%	12.89%

Correlation

The correlation between XCLR and SHLD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.45

XCLR vs. SHLD - Sectors Allocation Comparison

Sectors	XCLR	SHLD
Technology	35.6%	11.8%
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	88.2%
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	2.0%	-
Basic Materials	1.8%	-

Return for Risk

XCLR vs. SHLD — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 41
XCLR Sharpe Ratio Rank: 44
XCLR Sortino Ratio Rank: 43
XCLR Omega Ratio Rank: 45
XCLR Calmar Ratio Rank: 32
XCLR Martin Ratio Rank: 41

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 15

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.

XCLR vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) 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.

	XCLR	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.41	+1.16
Sortino ratio: Return per unit of downside risk	2.17	0.74	+1.43
Omega ratio: Gain probability vs. loss probability	1.29	1.08	+0.20
Calmar ratio: Return relative to maximum drawdown	1.62	0.49	+1.14
Martin ratio: Return relative to average drawdown	6.51	1.30	+5.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCLR vs. SHLD - Sharpe Ratio Comparison

The current XCLR Sharpe Ratio is 1.57, which is higher than the SHLD Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of XCLR 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

	XCLR	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	0.41	+1.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	2.00	-1.27

Drawdowns

XCLR vs. SHLD - Drawdown Comparison

The maximum XCLR drawdown since its inception was -14.63%, smaller than the maximum SHLD drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for XCLR and SHLD.

Drawdown Indicators

	XCLR	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-14.63%	-20.10%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-20.10%	+11.81%
Max Drawdown (3Y) Largest decline over 3 years	-12.46%	—	—
Current Drawdown Current decline from peak	-0.05%	-18.85%	+18.80%
Average Drawdown Average peak-to-trough decline	-4.71%	-3.19%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	7.51%	-5.45%

Volatility

XCLR vs. SHLD - Volatility Comparison

The current volatility for Global X S&P 500 Collar 95-110 ETF (XCLR) is 0.61%, while Global X Defense Tech ETF (SHLD) has a volatility of 7.81%. This indicates that XCLR 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

	XCLR	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	7.81%	-7.20%
Volatility (6M) Calculated over the trailing 6-month period	6.18%	19.35%	-13.17%
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	24.05%	-15.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	21.13%	-10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.44%	21.13%	-10.69%

XCLR vs. SHLD - Expense Ratio Comparison

XCLR has a 0.25% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

XCLR vs. SHLD - Dividend Comparison

XCLR's dividend yield for the trailing twelve months is around 12.85%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	12.85%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both XCLR and SHLD in my portfolio?

XCLR and SHLD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XCLR or SHLD?

SHLD has higher volatility (7.81%) compared to XCLR (0.61%). In terms of maximum drawdown, XCLR dropped -14.63% vs SHLD's -20.10%.

Which ETF is better, XCLR or SHLD?

On 1-year performance, XCLR leads with 13.37% vs 9.71% for SHLD. On fees, XCLR is cheaper at 0.25% per year. On volatility, XCLR has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCLR or SHLD?

Over the 1-year period, XCLR has performed better with a 13.37% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCLR or SHLD?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.50% for SHLD.

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

XCLR has the higher dividend yield at 12.85%, compared with 0.56% for SHLD.

What is the main difference between XCLR and SHLD?

XCLR is categorized as Equity Hedged, while SHLD is Aerospace & Defense. XCLR tracks Cboe S&P 500 3-Month Collar 95-110 Index, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.25% for XCLR and 0.50% for SHLD.

Which has better risk-adjusted returns?

XCLR currently has the higher Sharpe Ratio (1.57 vs 0.41), 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.