Global X Defense Tech ETF (SHLD)
ARCA ARCA Primary 
XBER Summary
SHLD Chart
SHLD: Shield Yourself From Losses - Sell
SHLD offers exposure to top global defense and aerospace firms, benefiting from long-term catalysts like rising NATO and government military spending. Recent earnings and contract wins highlight sector strength and ongoing global conflicts and spending commitments drive continued demand for defense technologies. Valuation analysis shows SHLD's top holdings, especially PLTR, are significantly overvalued across P/E, P/S, and EV/EBITDA metrics versus sector medians.
SHLD: A Compelling ETF, But Prefer To Wait For Some Retracement
SHLD ETF, a $3B sized ETF which covers 42 global defense tech stocks, most of which are large-caps, has trounced global stocks and US stocks by 6-9x on average thisyear. Despite its passively managed profile, SHLD, which covers stocks that have over 50% of their revenue from defense tech, witnesses a high tracking error. Global defense spending is poised to grow by mid-single-digits for the forseeable future, but SHLD's top 10 stocks are poised to deliver weighted average topline growth of almost 3x more.
SHLD: The Pause That Refreshes
Global X Defense Tech ETF offers exposure to cutting-edge global defense technology firms, blending innovative newcomers with established industry leaders for robust portfolio diversification. Rising global defense spending, especially in Europe, underpins sustained growth potential for SHLD's holdings and the ETF's long-term outlook. Key holdings like BAE Systems, Palantir, Rheinmetall, and Saab exemplify advanced capabilities, cost advantages, and operational readiness in modern warfare.
Global X Defense Tech ETF (SHLD) FAQ
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Global X Defense Tech ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an investment entity that dedicates at least 80% of its net assets, as well as any borrowings for investment purposes, to securities that are part of the Global X Defense Tech Index. This index includes a range of securities, such as common stocks, American Depositary Receipts (ADRs), and Global Depositary Receipts (GDRs), which are selected based on the criteria set by the Global X Management Company LLC. This company, which acts as an affiliate of the fund and serves as the investment adviser, owns and developed the underlying index. Unlike diversified funds, this fund concentrates its investments, making it non-diverse with a specific focus on the defense technology sector. The structure of the fund's investments is designed to offer investors exposure to a specific sector of the market, with the intention of potentially harnessing growth in the defense technology area.
Products and Services
- Investment in Global X Defense Tech Index Securities
The primary service offered by the fund is investment in securities that are part of the Global X Defense Tech Index. This includes a variety of financial instruments such as common stocks, which represent shares of ownership in companies within the defense technology sector; American Depositary Receipts (ADRs), which are a form of equity security that represents shares in a foreign company; and Global Depositary Receipts (GDRs), similar to ADRs but used to access shares of foreign companies in multiple markets. These investment vehicles are selected based on their alignment with the defense technology sector, aiming to capture the growth and return potential within this niche market.
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