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Global X Defence Tech Index ETF (SHLD) and BMO SPDR Industrials Select Sector Index ETF (ZXLI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that SHLD focuses its top 3 sector exposures on Industrials and Information Technology, while ZXLI leans towards Industrials and Information Technology. When evaluating costs, SHLD features a management fee (MER) of 0.49%, compared to 0.21% for ZXLI. Performance-wise, SHLD has returned 1.65% year-to-date with +$109 M in net flows, whereas ZXLI is at 11.99% with +$16 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
ZXLI
| AuM | $237.45 M | $23.96 M |
| Management Fees | 0.49% | 0.21% |
| Exp. ratio | 0.49% | 0.21% |
| Tracking Difference | -1.28% | - |
Historical performance and flows
As of May 13, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SHLD | -14.95% | -11.10% | -1.65% | +20.36% | - |
ZXLI | -0.10% | +0.52% | +11.99% | +22.19% | - | |
| Flows | SHLD | -$7 M | +$45 M | +$109 M | +$252 M | - |
ZXLI | +$1 M | -$6 M | +$16 M | +$18 M | - |
SHLD vs ZXLI exposure
Countries
SHLD
USA
58.50%
Republic of Korea
8.04%
Other
33.46%
ZXLI
USA
93.12%
Sectors
SHLD
Industrials
85.92%
Information Technology
7.29%
ZXLI
Industrials
91.84%
Other
8.16%
As of May 13, 2026
Top 10 Holdings
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%
ZXLI
CATERPILLAR
6.53%
GENERAL ELECTRIC
5.89%
RAYTHEON TECHNOLOGIES CORPORD
5.13%
US36828A1016
4.66%
BOEING U
3.09%
UBER TECHNOLOGIES INC
2.93%
UNION PACIFIC U
2.85%
HONEYWELL INTL
2.84%
DEERE
2.81%
EATON CORP PLC
2.75%
Diversification
SHLD
Total weight of top 10 holdings out of 47 total
60.85%
ZXLI
Total weight of top 10 holdings out of 79 total
39.48%
Characteristics
Compare
SHLD
ZXLI
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Global X Defense Tech Index - CAD | S&P Industrial Select Sector Total Return Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.18% | 1.86% |
| Meets ESG criteria | No | No |
| Inception Date | April 30, 2025 | February 2, 2025 |
Frequently asked questions about SHLD and ZXLI
Which ETF has performed better year to date: SHLD or ZXLI?
As of May 13, 2026, SHLD has returned -1.65% year to date, while ZXLI has returned 11.99%. ZXLI is ahead on YTD performance.
Which ETF is larger by assets under management: SHLD or ZXLI?
As of May 13, 2026, SHLD manages $237.45 M in assets, while ZXLI manages $23.96 M. SHLD is the larger fund by AUM.
How are SHLD and ZXLI managed?
SHLD is passively managed by Global X. It tracks the Global X Defense Tech Index - CAD benchmark. ZXLI is passively managed by BMO. It tracks the S&P Industrial Select Sector Total Return Index - USD benchmark.
What sectors do SHLD and ZXLI emphasize?
SHLD is most exposed to Industrials and Information Technology. ZXLI is most exposed to Industrials and Information Technology.
Which ETF is attracting more investor flows: SHLD or ZXLI?
Year to date, SHLD has seen +$108.79 M in net flows, compared with +$16.36 M for ZXLI. SHLD has attracted more net investor money so far.
How do the fees of SHLD and ZXLI compare?
SHLD has an expense ratio of 0.49%, while ZXLI has an expense ratio of 0.21%.
What are the top holdings of SHLD and ZXLI?
SHLD's largest holdings include LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD, and GENERAL DYNAMICS. ZXLI's top holdings include CATERPILLAR and GENERAL ELECTRIC.
Which ETF is more diversified: SHLD or ZXLI?
SHLD holds 42 securities, while ZXLI holds 77. On holdings count, ZXLI is the more diversified portfolio.
Recent articles about SHLD and ZXLI
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.