VS
Global X Artificial Intelligence Infrastructure Index ETF (MTRX) and Global X Defence Tech Index ETF (SHLD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MTRX focuses its top 3 sector exposures on Industrials, Materials, and Information Technology, while SHLD leans towards Industrials and Information Technology. When evaluating costs, MTRX features a management fee (MER) of 0.49%, compared to 0.49% for SHLD. Performance-wise, MTRX has returned 32.21% year-to-date with +$26 M in net flows, whereas SHLD is at 3.91% with +$113 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
MTRX
SHLD
| AuM | $43.33 M | $254.86 M |
| Management Fees | 0.49% | 0.49% |
| Exp. ratio | 0.60% | 0.49% |
| Tracking Difference | -2.57% | -0.81% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MTRX | +17.52% | +18.81% | +32.21% | +103.77% | - |
SHLD | -7.08% | -11.56% | +3.91% | - | - | |
| Flows | MTRX | +$4 M | +$24 M | +$26 M | +$33 M | - |
SHLD | +$9 M | +$73 M | +$113 M | - | - |
MTRX vs SHLD exposure
Countries
MTRX
USA
44.08%
Ireland
11.89%
Canada
10.03%
China
7.09%
Other
26.91%
SHLD
USA
58.50%
Republic of Korea
8.04%
Other
33.46%
Sectors
MTRX
Industrials
36.22%
Materials
21.77%
Information Technology
18.71%
Other
9.69%
Energy
7.93%
SHLD
Industrials
85.92%
Information Technology
7.29%
As of April 24, 2026
Top 10 Holdings
MTRX
US36828A1016
5.80%
DELTA ELECTRONIC
5.71%
CAMECO
5.17%
FREEPORT-MCMORAN INC
5.12%
SOUTHERN COPPER CORPORATION
5.08%
VERTIV HOLDINGS
4.87%
ANTOFAGASTA
4.63%
EATON CORP PLC
4.58%
ABB
4.43%
SCHNEIDER ELECTRIC SE
4.28%
SHLD
LOCKHEED MARTIN
9.35%
RAYTHEON TECHNOLOGIES CORPORD
7.95%
GENERAL DYNAMICS
7.42%
PALANTIR TECHNOLOGIES
6.10%
RHEINMETALL
6.06%
L3 HARRIS TECHNOLOGIES
4.98%
NORTHROP GRUMMAN
4.96%
BAE SYSTEMS
4.96%
HANWHA AEROSPACE
4.78%
LEONARDO SPA
4.29%
Diversification
MTRX
Total weight of top 10 holdings out of 30 total
49.67%
SHLD
Total weight of top 10 holdings out of 47 total
60.85%
Characteristics
Compare
MTRX
SHLD
| Provider | Global X | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Mirae Asset AI Infrastructure Index - CAD | Global X Defense Tech Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.03% | - |
| Meets ESG criteria | No | No |
| Inception Date | February 20, 2025 | April 30, 2025 |
Frequently asked questions about MTRX and SHLD
Which ETF has performed better year to date: MTRX or SHLD?
As of April 24, 2026, MTRX has returned 32.21% year to date, while SHLD has returned 3.91%. MTRX is ahead on YTD performance.
Which ETF is larger by assets under management: MTRX or SHLD?
As of April 24, 2026, MTRX manages $43.33 M in assets, while SHLD manages $254.86 M. SHLD is the larger fund by AUM.
How are MTRX and SHLD managed?
MTRX is passively managed by Global X. It tracks the Mirae Asset AI Infrastructure Index - CAD benchmark. SHLD is passively managed by Global X. It tracks the Global X Defense Tech Index - CAD benchmark.
What sectors do MTRX and SHLD emphasize?
MTRX is most exposed to Industrials, Materials, and Information Technology. SHLD is most exposed to Industrials and Information Technology.
Which ETF is attracting more investor flows: MTRX or SHLD?
Year to date, MTRX has seen +$26.25 M in net flows, compared with +$112.82 M for SHLD. SHLD has attracted more net investor money so far.
How do the fees of MTRX and SHLD compare?
MTRX has an expense ratio of 0.60%, while SHLD has an expense ratio of 0.49%.
What are the top holdings of MTRX and SHLD?
MTRX's largest holdings include DELTA ELECTRONIC and CAMECO. SHLD's top holdings include LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD, and GENERAL DYNAMICS.
Which ETF is more diversified: MTRX or SHLD?
MTRX holds 29 securities, while SHLD holds 42. On holdings count, SHLD is the more diversified portfolio.
Recent articles about MTRX and SHLD
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