SHLD
Global X Defense Tech ETF
SHLD invests in companies positioned to benefit from the increased adoption and utilization of defense technology, including cybersecurity systems, artificial intelligence and big data, and advanced military systems and hardware.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
722.4 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 13, 2023 |
| Assets (mns) | $722 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PALANTIR TECHNOLOGIES INC. CLASS A | 9.5 % |
| RTX CORP | 8.2 % |
| NORTHROP GRUMMAN CORP | 8.0 % |
| LOCKHEED MARTIN CORP | 7.6 % |
| GENERAL DYNAMICS CORP | 7.5 % |
| RHEINMETALL AG | 4.9 % |
| SAIC INC | 4.4 % |
| BAE SYSTEMS PLC | 4.3 % |
| THALES SA | 4.2 % |
| L3HARRIS TECHNOLOGIES INC | 4.2 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 513 |
| Wgt avg mkt cap (mns) | $62,801 |
| Large cap (>$10bn) | 81.1% |
| Mid cap ($2-10bn) | 18.2% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 94.8% |
| Emerging mkts. | 5.2% |
Country Exposure
 |
UNITED STATES | 67.4 % |
 |
BRITAIN | 6.8 % |
 |
GERMANY | 5.8 % |
 |
FRANCE | 5.4 % |
 |
SOUTH KOREA | 4.6 % |
 |
ITALY | 4.0 % |
 |
SWEDEN | 2.7 % |
 |
ISRAEL | 2.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 32.9% | 37.2% | -- | -- | -- | -- | 43.6% | Volatility | 13.6% | 13.4% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.50 | 20% |
| MSCI EAFE | 0.54 | 34% |
| MSCI Emg Mkts | 0.15 | 2% |
Liquidity Measures
| Avg. volume (000) | 264 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $6,469 |
Technical Indicators
| Recent close | $36.95 |
| 30d moving avg. | $38.97 |
| Annualized volatility | 13.4% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SHLD |
Expenses vs. SHLD |
ALTAR Score™ vs. SHLD |
|---|---|---|---|---|
| MISL | First Trust Indxx Aerospace & Defense ETF | 43.3% | +10 bp | -2.1% |
| NATO | Themes Transatlantic Defense ETF | 39.7% | -15 bp | -1.7% |
| PPA | Invesco Aerospace & Defense ETF | 39.1% | +8 bp | -2.4% |
| ITA | iShares U.S. Aerospace & Defense ETF | 34.5% | -10 bp | -2.2% |
| XAR | SPDR S&P Aerospace & Defense ETF | 32.3% | -15 bp | -2.8% |
| ROKT | SPDR S&P Kensho Final Frontiers ETF | 25.3% | -5 bp | -2.3% |
| FITE | SPDR S&P Kensho Future Security ETF | 17.4% | -5 bp | -2.7% |
| ARKX | ARK Space Exploration & Innovation ETF | 15.5% | +25 bp | -2.4% |
| SAGP | Strategas Global Policy Opportunities ETF | 12.8% | +15 bp | +0.5% |
| SAMT | Strategas Macro Thematic Opportunities ETF | 12.3% | +15 bp | -0.5% |
Risk and Returns: SHLD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SHLD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SHLD
5.0%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. SHLD's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places SHLD in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SHLDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| SHLD (50 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SHLD | 50.0 | 36.2 | 86.2 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .