YNVD.NEO vs. SHLD

Last updated Jun 4, 2026

YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - YNVD.NEO is a Derivative Income fund actively managed by Purpose Investments, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. YNVD.NEO is actively managed, while SHLD is passively managed. Over the past year, YNVD.NEO returned 68.73% vs 11.13% for SHLD. At a 0.21 correlation, their price movements are largely independent. YNVD.NEO charges 1.94%/yr vs 0.50%/yr for SHLD.

Performance

YNVD.NEO vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

YNVD.NEO is traded in CAD, while SHLD is traded in USD. To make them comparable, the SHLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YNVD.NEO achieves a 17.05% return, which is significantly higher than SHLD's -1.04% return.

YNVD.NEO

• 1D: -4.22%
• 1M: 9.64%
• YTD: 17.05%
• 6M: 27.60%
• 1Y: 68.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -1.99%
• 1M: -5.15%
• YTD: -1.04%
• 6M: 1.32%
• 1Y: 11.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YNVD.NEO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	17.05%	44.51%	133.89%
SHLD Global X Defense Tech ETF	-1.04%	66.17%	40.84%

Correlation

The correlation between YNVD.NEO 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 Jan 19, 2024	0.21

YNVD.NEO vs. SHLD - Sectors Allocation Comparison

Sectors	YNVD.NEO	SHLD
Technology	100.0%	11.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	88.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

YNVD.NEO vs. SHLD — Risk / Return Rank

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

YNVD.NEO

YNVD.NEO Risk / Return Rank: 62
YNVD.NEO Sharpe Ratio Rank: 58
YNVD.NEO Sortino Ratio Rank: 54
YNVD.NEO Omega Ratio Rank: 53
YNVD.NEO Calmar Ratio Rank: 81
YNVD.NEO Martin Ratio Rank: 64

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.

YNVD.NEO vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) 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.

	YNVD.NEO	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.95	0.48	+1.48
Sortino ratio: Return per unit of downside risk	2.58	0.84	+1.74
Omega ratio: Gain probability vs. loss probability	1.33	1.10	+0.23
Calmar ratio: Return relative to maximum drawdown	4.21	0.53	+3.68
Martin ratio: Return relative to average drawdown	11.44	1.39	+10.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YNVD.NEO vs. SHLD - Sharpe Ratio Comparison

The current YNVD.NEO Sharpe Ratio is 1.95, which is higher than the SHLD Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of YNVD.NEO 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

	YNVD.NEO	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	0.48	+1.48
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	2.16	-0.66

Drawdowns

YNVD.NEO vs. SHLD - Drawdown Comparison

The maximum YNVD.NEO drawdown since its inception was -41.02%, which is greater than SHLD's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for YNVD.NEO and SHLD.

Drawdown Indicators

	YNVD.NEO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-20.96%	-20.06%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-20.96%	+4.55%
Current Drawdown Current decline from peak	-4.27%	-18.84%	+14.57%
Average Drawdown Average peak-to-trough decline	-8.83%	-3.13%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	8.00%	-1.97%

Volatility

YNVD.NEO vs. SHLD - Volatility Comparison

NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a higher volatility of 13.09% compared to Global X Defense Tech ETF (SHLD) at 7.73%. This indicates that YNVD.NEO'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.

Volatility by Period

	YNVD.NEO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.09%	7.73%	+5.36%
Volatility (6M) Calculated over the trailing 6-month period	27.53%	18.81%	+8.72%
Volatility (1Y) Calculated over the trailing 1-year period	35.44%	23.43%	+12.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.47%	20.16%	+32.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.47%	20.16%	+32.31%

YNVD.NEO vs. SHLD - Expense Ratio Comparison

YNVD.NEO has a 1.94% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

YNVD.NEO vs. SHLD - Dividend Comparison

YNVD.NEO's dividend yield for the trailing twelve months is around 21.78%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	21.78%	23.48%	17.81%	0.00%

Frequently Asked Questions

Can I hold both YNVD.NEO and SHLD in my portfolio?

YNVD.NEO 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.

Which ETF is better, YNVD.NEO or SHLD?

On fees, SHLD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNVD.NEO or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 1.94% for YNVD.NEO.

What is the main difference between YNVD.NEO and SHLD?

YNVD.NEO is categorized as Derivative Income, while SHLD is Aerospace & Defense. They also come from different issuers: Purpose Investments and Global X. Their fees differ too: 1.94% for YNVD.NEO and 0.50% for SHLD.