NATOvsSHLDETF Comparison
VS
ETF 2
SHLD
Global X Defense Tech ETF
Themes Transatlantic Defense ETF (NATO) belongs to the US Large Cap segment. Global X Defense Tech ETF (SHLD) is part of the segment. NATO's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, SHLD's top sector exposures are Industrials, Information Technology NATO is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.5% for SHLD. NATO is down -0.03% year-to-date (YTD) with +$42M in YTD flows. SHLD performs better with 3.99% YTD performance, and +$2.97B in YTD flows. Run a side-by-side ETF comparison of NATO and SHLD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NATO vs SHLD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NATO SHLD | -3.02%-6.52% | -9.88%-11.20% | -0.03%+3.99% | +31.68%+35.62% | n/an/a | n/an/a |
| Flows | NATO SHLD | +$2M+$292M | +$28M+$1.94B | +$42M+$2.97B | +$77M+$5.93B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NATO SHLD | +26.10%+26.73% | +18.53%+21.62% | n/an/a | n/an/a |
| Max drawdown | NATO SHLD | -14.82%-12.77% | -14.82%-14.65% | n/an/a | n/an/a |
| Max drawdown duration | NATO SHLD | 53d46d | 53d91d | n/an/a | n/an/a |
Trading data
NATO | SHLD | |
Last sale 4/27/2026 at 1:30 PM | $38.03 | $67.48 |
| Previous close 04/24/2026 | $37.88 | $67.57 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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NATO | SHLD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
NATO | SHLD | |
|---|---|---|
| Last price | $38.03 | $67.48 |
| 1D performance | +0.41% | -0.13% |
| AuM | $97.11 M | $7.99 B |
| E/R | 0.35% | 0.5% |
Characteristics
NATO | SHLD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Themes Management Company | Global X |
| Benchmark | Solactive Transatlantic Aerospace and Defense Index | Global X Defense Tech Index |
| N° of holdings | 59 | 42 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2024 | September 11, 2023 |
| ESG | No | No |
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Exposure
Countries
NATO
USA
66.36%
United Kingdom
11.02%
Other
22.62%
SHLD
USA
58.5%
Republic of Korea
8.04%
Other
33.46%
Sectors
NATO
Industrials
91.91%
Other
8.09%
SHLD
Industrials
85.92%
Information Techn.
7.29%
Other
6.79%
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Diversification
NATO
Total weight of top 15 holdings out of 15
77.94%
SHLD
Total weight of top 15 holdings out of 15
78.94%
Top 15 holdings
Data as of March 31, 2026
NATO
RAYTHEON TECHNOLOGIES CORPORD
8.77%
GENERAL ELECTRIC
7.35%
BOEING U
6.88%
ROLLS-ROYCE HOLDINGS
5.90%
LOCKHEED MARTIN
5.89%
HONEYWELL INTL
5.50%
SAFRAN
5.27%
AIRBUS SE
5.14%
NORTHROP GRUMMAN
4.79%
HOWMET AEROSPACE INC
4.44%
BAE SYSTEMS
4.24%
GENERAL DYNAMICS
3.77%
RHEINMETALL
3.70%
L3 HARRIS TECHNOLOGIES
3.18%
TRANSDIGM GROUP
3.12%
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%
THALES
4.24%
SE0021921269
3.86%
ELBIT SYSTEMS
3.77%
LEIDOS HOLDINGS INC
3.29%
BWX TECHNOLOGIES INC
2.93%
Frequently asked questions about NATO and SHLD
How have the NATO and SHLD ETFs performed in 2026?
As of April 24, 2026, NATO is down -0.03% year-to-date (YTD), while SHLD has returned 3.99%. That puts SHLD better performer ahead so far this year.
Which ETF is attracting more investor money: NATO or SHLD?
Year-to-date, the NATO ETF saw +$42M in flows, compared to +$2.97B for SHLD.
Which ETF is more volatile: NATO or SHLD?
Over the past year, NATO had a volatility of 18.53%, while SHLD experienced 21.62%.
Which ETF is bigger: NATO or SHLD?
As of April 24, 2026, NATO holds $97.11 M in assets under management (AUM), while SHLD manages $7.99 B.
What sectors do the NATO and SHLD ETFs invest in?
NATO leans toward sectors like Industrials. Meanwhile, SHLD focuses on Industrials and Information Technology.
What are the top holdings of the NATO ETF and SHLD ETF?
NATO top holdings include RAYTHEON TECHNOLOGIES CORPORD, GENERAL ELECTRIC and BOEING U. SHLD holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL DYNAMICS.
Which ETF is more diversified: NATO or SHLD?
NATO holds 76 securities with 77.94% of its assets in the top 15. SHLD has 47 securities and a top 15 weight of 78.94%.
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