SHLD vs SPY
Comparison between GLOBAL X DEFENSE TECH ETF (SHLD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
SHLD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SHLD
$8.10B
Winner
SPY
$652B
Expense Ratio
SHLD
0.50%
Winner
SPY
0.09%
Max Drawdown
Winner
SHLD
16.37%
SPY
56.47%
Sharpe Ratio
SHLD
0.87
Winner
SPY
2.07
5Y Beta
Winner
SHLD
0.66
SPY
1.00
P/E Ratio
SHLD
32.12
Winner
SPY
28.24
Forward P/E
SHLD
23.80
Winner
SPY
21.85
5Y Dividends CAGR
SHLD
N/A
SPY
5.43%
5Y EPS CAGR
SHLD
N/A
SPY
25.79%
Debt to Equity
SHLD
72.33%
Winner
SPY
22.35%
P/S Ratio
Winner
SHLD
2.14
SPY
3.55
P/B Ratio
Winner
SHLD
4.58
SPY
5.29
SHLD vs SPY - Holdings Comparison
SHLD and SPY have 9 common holdings. Overlap is 1.49%
SHLD's top 25 holdings weight is 91.28%. SPY's top 25 holdings weight is 51.32%.
| Rank | SHLD | SPY |
|---|---|---|
| #1 | LOCKHEED MARTIN CORP (LMT) - 8.19% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | RTX CORP (RTX) - 7.64% | APPLE INC (AAPL) - 6.48% |
| #3 | GENERAL DYNAMICS CORP (GD) - 6.99% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 6.41% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | RHEINMETALL AG (n/a) - 6.04% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | HANWHA AEROSPACE CO LTD (n/a) - 5.37% | BROADCOM INC (AVGO) - 3.09% |
| #7 | BAE SYSTEMS PLC (n/a) - 4.98% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | L3HARRIS TECHNOLOGIES INC (LHX) - 4.87% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | NORTHROP GRUMMAN CORP (NOC) - 4.37% | TESLA INC (TSLA) - 1.73% |
| #10 | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 4.22% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | THALES (n/a) - 4.16% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | SAAB AB CLASS B (n/a) - 3.82% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ELBIT SYSTEMS LTD (n/a) - 3.81% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | BWX TECHNOLOGIES INC (BWXT) - 3.38% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | LEIDOS HOLDINGS INC (LDOS) - 3.19% | WALMART INC (WMT) - 0.91% |
| #16 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.41% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.75% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | MOOG INC CLASS A (MOG-A) - 1.46% | VISA INC CLASS A (V) - 0.85% |
| #19 | KOREA AEROSPACE INDUSTRIES LTD (n/a) - 1.38% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | LIG DEFENSE&AEROSPACE CO LTD (n/a) - 1.33% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | AEROVIRONMENT INC (AVAV) - 1.23% | INTEL CORP (INTC) - 0.65% |
| #22 | BABCOCK INTERNATIONAL GROUP PLC (n/a) - 1.20% | NETFLIX INC (NFLX) - 0.64% |
| #23 | HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.03% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | DASSAULT AVIATION SA (n/a) - 1.03% | CHEVRON CORP (CVX) - 0.58% |
| #25 | KARMAN HOLDINGS INC (KRMN) - 1.02% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 52 | 505 |
SHLD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
SHLD
-12.95%
Winner
SPY
+9.11%
3M
SHLD
-12.26%
Winner
SPY
+6.59%
6M
SHLD
-0.19%
Winner
SPY
+10.56%
1Y
SHLD
+21.76%
Winner
SPY
+32.04%
5Y(CAGR)
SHLD
N/A
SPY
+13.35%
10Y(CAGR)
SHLD
N/A
SPY
+15.49%
Max(CAGR)
Winner
SHLD
+44.93%
SPY
+8.50%
SHLD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SHLD | SPY |
|---|---|---|
| 2026 | -1.78% | +8.27% |
| 2025 | +74.68% | +18.00% |
| 2024 | +35.09% | +25.59% |
| 2023 | +12.89% | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SHLD vs SPY Drawdown Comparison
The maximum drawdown for SHLD was -16.37%, occurring on May 8, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SHLD drawdown is -16.37%.
| Rank | SHLD | SPY |
|---|---|---|
| #1 | -16.37% Mar 9, 2026 - May 8, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -15.06% Oct 8, 2025 - Jan 8, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -10.92% Nov 11, 2024 - Feb 18, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -10.53% Mar 18, 2025 - Apr 11, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.91% Jan 16, 2026 - Mar 9, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.42% Sep 18, 2023 - Oct 9, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.39% Aug 6, 2025 - Sep 10, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.96% Apr 8, 2024 - May 9, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.52% Aug 30, 2024 - Oct 1, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.49% Oct 18, 2024 - Nov 6, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.17% May 31, 2024 - Jul 15, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.79% Feb 18, 2025 - Mar 3, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.62% May 8, 2025 - May 16, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.55% Jul 31, 2024 - Aug 9, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.15% Oct 16, 2023 - Nov 2, 2023 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SHLD and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
SHLD vs SPY dividend yield comparison.
| Year | SHLD | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.55% | 1.07% |
| 2024 | 0.53% | 1.21% |
| 2023 | 0.26% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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