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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, Technology, and Non-Energy Materials, while SHLD leans towards Industrials, Business Services, and Technology. When evaluating costs, MTRX features a management fee (MER) of 0.49%, compared to 0.49% for SHLD. Performance-wise, MTRX has returned 27.22% year-to-date with +$44 M in net flows, whereas SHLD is at 0.19% with +$91 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 | $59.06 M | $223.98 M |
| Management Fees | 0.49% | 0.49% |
| Exp. ratio | 0.60% | 0.49% |
| Tracking Difference | -1.97% | -1.20% |
Historical performance and flows
As of July 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MTRX | -5.95% | -3.78% | +27.22% | +49.64% | - |
SHLD | +6.29% | -3.58% | +0.19% | +6.13% | - | |
| Flows | MTRX | +$6 M | +$18 M | +$44 M | +$51 M | - |
SHLD | -$7 M | -$22 M | +$91 M | +$180 M | - |
MTRX vs SHLD exposure
Countries
MTRX
USA
40.57%
Canada
13.40%
Ireland
10.22%
Other
35.81%
SHLD
USA
63.63%
Other
36.37%
Sectors
MTRX
Industrials
39.42%
Technology
23.37%
Non-Energy Materials
21.92%
Energy
9.96%
SHLD
Industrials
88.59%
Business Services
7.48%
As of July 24, 2026
Top 10 Holdings
MTRX
Amphenol Corp.
5.49%
GE Vernova, Inc.
5.43%
ABB Ltd.
5.17%
Arista Networks, Inc.
5.14%
Antofagasta Plc
5.03%
Schneider Electric SE
4.99%
Cameco Corp.
4.91%
Zhongji Innolight Co., Ltd.
4.76%
Freeport-McMoRan, Inc.
4.70%
Southern Copper Corp.
4.64%
SHLD
RTX Corp.
9.36%
General Dynamics Corp.
8.97%
Lockheed Martin Corp.
8.32%
Northrop Grumman Corp.
7.90%
Palantir Technologies, Inc.
7.48%
L3Harris Technologies, Inc.
4.61%
BAE Systems Plc
4.45%
Rheinmetall AG
3.88%
Thales SA
3.69%
HANWHA AEROSPACE Co., Ltd.
3.49%
Diversification
MTRX
Total weight of top 10 holdings out of 30 total
50.26%
SHLD
Total weight of top 10 holdings out of 47 total
62.16%
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% | 0.18% |
| 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 July 24, 2026, MTRX has returned 27.22% year to date, while SHLD has returned 0.19%. MTRX is ahead on YTD performance.
Which ETF is larger by assets under management: MTRX or SHLD?
As of July 24, 2026, MTRX manages $59.06 M in assets, while SHLD manages $223.98 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, Technology, and Non-Energy Materials. SHLD is most exposed to Industrials, Business Services, and Technology.
Which ETF is attracting more investor flows: MTRX or SHLD?
Year to date, MTRX has seen +$44.28 M in net flows, compared with +$90.62 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 Amphenol Corp., GE Vernova, Inc., and ABB Ltd.. SHLD's top holdings include RTX Corp., General Dynamics Corp., and Lockheed Martin Corp..
Which ETF is more diversified: MTRX or SHLD?
MTRX holds 30 securities, while SHLD holds 47. On holdings count, SHLD is the more diversified portfolio.
Recent articles about MTRX and SHLD
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Posted on 7/20/2026 by Edouard Caillieux inArtificial Intelligence
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