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

770.6 M

ASSETS UNDER MGMT

50 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateSep 13, 2023
Assets (mns)$771
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
RTX CORP 8.2 %
PALANTIR TECHNOLOGIES INC. CLASS A 8.1 %
NORTHROP GRUMMAN CORP 7.9 %
LOCKHEED MARTIN CORP 7.9 %
GENERAL DYNAMICS CORP 7.9 %
RHEINMETALL AG 4.9 %
SAIC INC 4.6 %
L3HARRIS TECHNOLOGIES INC 4.5 %
BAE SYSTEMS PLC 4.3 %
BWX TECHNOLOGIES, INC. 4.3 %
Constituent Breakdown
Number of holdings36
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 67.8 %
BRITAIN 6.8 %
GERMANY 5.8 %
FRANCE 5.4 %
SOUTH KOREA 4.6 %
ITALY 3.9 %
SWEDEN 2.7 %
ISRAEL 2.2 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 32.9% 37.2% -- -- -- -- 43.6%
Volatility 13.6% 13.4% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.5020%
MSCI EAFE0.5434%
MSCI Emg Mkts0.152%
Liquidity Measures
Avg. volume (000)289
Turnover1.5%
Avg. Bid/Ask (% of price)0.36%
ADV of underlying (mns)$6,469
Technical Indicators
Recent close$39.50
30d moving avg.$38.04
Annualized volatility13.4%
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)

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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 -- -- -- -- -- -- --
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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 --%
1.7 19.9 3.1 1.5% --
Based on closing prices from 12/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

4.6%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 377 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.7%. SHLD's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places SHLD in the 55th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

SHLD
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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. 57.1 40.0 97.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .