VS
When evaluating costs, SHLD features a management fee (MER) of 0.49%, compared to 0.39% for XAD. Performance-wise, SHLD has returned 3.64% year-to-date with +$88 M in net flows, whereas XAD is at 2.55% with +$53 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
SHLD
XAD
| AuM | $212.95 M | $161.00 M |
| Management Fees | 0.49% | 0.39% |
| Exp. ratio | 0.49% | 0.43% |
| Tracking Difference | -0.87% | -0.62% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SHLD | -12.22% | -1.50% | -3.64% | -2.85% | - |
XAD | -13.84% | -3.62% | +2.55% | +9.85% | - | |
| Flows | SHLD | -$1 M | -$11 M | +$88 M | +$147 M | - |
XAD | -$3 M | -$4 M | +$53 M | +$77 M | - |
SHLD vs XAD exposure
Countries
SHLD
Exposure data will be available soon
XAD
USA
99.82%
Sectors
SHLD
Exposure data will be available soon
XAD
Industrials
96.32%
As of September 10, 2026
Top 10 Holdings
SHLD
Exposure data will be available soon
XAD
GE Aerospace
21.91%
RTX Corp.
17.08%
The Boeing Co.
9.26%
General Dynamics Corp.
4.77%
Howmet Aerospace, Inc.
4.73%
Lockheed Martin Corp.
4.65%
TransDigm Group, Inc.
4.39%
Northrop Grumman Corp.
4.20%
L3Harris Technologies, Inc.
3.62%
Axon Enterprise, Inc.
3.03%
Diversification
SHLD
Exposure data will be available soon
XAD
Total weight of top 10 holdings out of 49 total
77.64%
Characteristics
Compare
SHLD
XAD
| Provider | Global X | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Global X Defense Tech Index - CAD | Dow Jones U.S. Select Aerospace & Defense Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.19% | 0.34% |
| Meets ESG criteria | No | No |
| Inception Date | April 30, 2025 | September 6, 2023 |
Frequently asked questions about SHLD and XAD
Which ETF has performed better year to date: SHLD or XAD?
As of September 10, 2026, SHLD has returned -3.64% year to date, while XAD has returned 2.55%. XAD is ahead on YTD performance.
Which ETF is larger by assets under management: SHLD or XAD?
As of September 10, 2026, SHLD manages $212.95 M in assets, while XAD manages $161.00 M. SHLD is the larger fund by AUM.
How are SHLD and XAD managed?
SHLD is passively managed by Global X. It tracks the Global X Defense Tech Index - CAD benchmark. XAD is passively managed by iShares. It tracks the Dow Jones U.S. Select Aerospace & Defense Index - CAD benchmark.
Which ETF is attracting more investor flows: SHLD or XAD?
Year to date, SHLD has seen +$87.99 M in net flows, compared with +$53.32 M for XAD. SHLD has attracted more net investor money so far.
How do the fees of SHLD and XAD compare?
SHLD has an expense ratio of 0.49%, while XAD has an expense ratio of 0.43%.
Recent articles about SHLD and XAD
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