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ETFs

Global X Defense Tech ETF

SHLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 11 2023
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
—
AUM
$2,404,464
Associated Index
Global X Defense Tech Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GD
General Dynamics Corp.
8.52%
BA.
BAE Systems plc
8.31%
NOC
Northrop Grumman Corp.
7.88%
LMT
Lockheed Martin Corp.
7.48%
RTX
RTX Corp
6.12%
PLTR
Palantir Technologies Inc - Ordinary Shares - Class A
5.58%
LDOS
Leidos Holdings Inc
5.37%
HII
Huntington Ingalls Industries Inc
4.43%
RHM
Rheinmetall AG
4.37%
HO
Thales S.A.
4.35%
Invest with SHLD

What is SHLD?

The Global X Defense Tech ETF (SHLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X Defense Tech Index. The Global X Defense Tech ETF (SHLD) seeks to invest in companies positioned to benefit from the increased adoption and utilization of defense technology ("Defense Tech"). This includes companies that build and manage cybersecurity systems, utilize artificial intelligence and big data, and build advanced military systems and hardware such as robotics, fuel systems, and aircrafts for defense applications. Country listed in Developed or Emerging Markets, excluding China (A and B Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia.

ETFs related toSHLD

ETFs correlated to SHLD include XAR, DFEN, ITA

SHLD
Global X Funds - Global X Defense Tech ETF
XAR
SPDR Series Trust - SPDR S&P Aerospace & Defense ETF
DFEN
Direxion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X Shares
ITA
BlackRock Institutional Trust Company N.A. - iShares U.S. Aerospace & Defense ETF
PPA
Invesco Capital Management LLC - Invesco Aerospace & Defense ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
ARGT
Global X Funds - Global X MSCI Argentina ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
KCE
SPDR Series Trust - SPDR S&P Capital Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSHLD

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Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

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The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SHLD using Composer

FAQ

SHLD is a Global Equities ETF. The Global X Defense Tech ETF (SHLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X Defense Tech Index. The Global X Defense Tech ETF (SHLD) seeks to invest in companies positioned to benefit from the increased adoption and utilization of defense technology ("Defense Tech"). This includes companies that build and manage cybersecurity systems, utilize artificial intelligence and big data, and build advanced military systems and hardware such as robotics, fuel systems, and aircrafts for defense applications. Country listed in Developed or Emerging Markets, excluding China (A and B Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia.

SHLD tracks the Global X Defense Tech Index.

No, SHLD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SHLD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SHLD is %. This is the percent change in the value of SHLD over the most recent 1-month period. The 3-month return on SHLD is %. This is the percent change in the value of SHLD over the most recent 3-month period.

ETFs similar to SHLD include IXJ, SMH, and URA.

ETFs correlated to SHLD include XAR, DFEN, and ITA.

ETFs that are inversely correlated to SHLD include FAZ, KRBN, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.