NATOvsSHLDETF Comparison
ETF 1
NATO
Themes Transatlantic Defense ETF
VS
ETF 2
SHLD
Global X Defense Tech ETF
Themes Transatlantic Defense ETF (NATO) and Global X Defense Tech ETF (SHLD) belong to the same industry 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 up 3.42% year-to-date (YTD) with +$39M in YTD flows. SHLD performs worse with -2.68% YTD performance, and +$3.02B 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
NATO vs SHLD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NATO SHLD | -0.29%-2.72% | -7.51%-18.36% | +3.42%-2.68% | +14.95%+9.82% | n/an/a | n/an/a |
| Flows | NATO SHLD | -+$768K | +$11M+$1.14B | +$39M+$3.02B | +$62M+$5.45B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NATO SHLD | +27.26%+23.81% | +19.75%+21.99% | n/an/a | n/an/a |
| Max drawdown | NATO SHLD | -11.86%-19.16% | -14.82%-19.41% | n/an/a | n/an/a |
| Max drawdown duration | NATO SHLD | 92d92d | 99d141d | n/an/a | n/an/a |
Trading data
NATO | SHLD | |
Last sale 6/10/2026 at 1:30 PM | $38.45 | $62.36 |
| Previous close 06/09/2026 | $39.12 | $63.11 |
| Consolidated volume 06/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
NATO | SHLD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 6/10/2026 at 1:30 PM
Live
Closed
NATO | SHLD | |
|---|---|---|
| Last price | $38.45 | $62.36 |
| 1D performance | -1.72% | -1.19% |
| AuM | $97.32 M | $7.52 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 |
Advertisement
Exposure
Countries
NATO
USA
66.07%
United Kingdom
11.1%
Other
22.83%
SHLD
USA
57.1%
Republic of Korea
9.23%
Other
33.66%
Sectors
NATO
Industrials
90.96%
Other
9.04%
SHLD
Industrials
85.58%
Information Techn.
7.62%
Other
6.8%
Diversification
NATO
Total weight of top 15 holdings out of 15
76.57%
SHLD
Total weight of top 15 holdings out of 15
77.64%
Top 15 holdings
Data as of April 30, 2026
NATO
BOEING U
8.27%
RAYTHEON TECHNOLOGIES CORPORD
7.99%
GENERAL ELECTRIC
7.53%
ROLLS-ROYCE HOLDINGS
6.08%
AIRBUS SE
5.40%
SAFRAN
5.28%
HONEYWELL INTL
5.13%
LOCKHEED MARTIN
4.97%
HOWMET AEROSPACE INC
4.74%
BAE SYSTEMS
4.09%
NORTHROP GRUMMAN
4.04%
RHEINMETALL
3.56%
GENERAL DYNAMICS
3.40%
TRANSDIGM GROUP
3.14%
L3 HARRIS TECHNOLOGIES
2.95%
SHLD
LOCKHEED MARTIN
8.19%
GENERAL DYNAMICS
7.59%
RAYTHEON TECHNOLOGIES CORPORD
7.55%
PALANTIR TECHNOLOGIES
6.30%
RHEINMETALL
6.04%
HANWHA AEROSPACE
5.47%
BAE SYSTEMS
4.89%
L3 HARRIS TECHNOLOGIES
4.84%
NORTHROP GRUMMAN
4.35%
LEONARDO SPA
4.22%
THALES
4.16%
ELBIT SYSTEMS
3.78%
SE0021921269
3.78%
BWX TECHNOLOGIES INC
3.27%
LEIDOS HOLDINGS INC
3.20%
Frequently asked questions about NATO and SHLD
How have the NATO and SHLD ETFs performed in 2026?
As of June 9, 2026, NATO is up 3.42% year-to-date (YTD), while SHLD has lost -2.68%. That puts NATO better performer ahead so far this year.
Which ETF is attracting more investor money: NATO or SHLD?
Year-to-date, the NATO ETF saw +$39M in flows, compared to +$3.02B for SHLD.
Which ETF is more volatile: NATO or SHLD?
Over the past year, NATO had a volatility of 19.75%, while SHLD experienced 21.99%.
Which ETF is bigger: NATO or SHLD?
As of June 9, 2026, NATO holds $97.32 M in assets under management (AUM), while SHLD manages $7.52 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 BOEING U, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC. SHLD holds in its top three: LOCKHEED MARTIN, GENERAL DYNAMICS and RAYTHEON TECHNOLOGIES CORPORD.
Which ETF is more diversified: NATO or SHLD?
NATO holds 76 securities with 76.57% of its assets in the top 15. SHLD has 47 securities and a top 15 weight of 77.64%.
Advertisement
Latest news about NATO & SHLD
Entering A New Era of Defense Tech Spending
December 9, 2025
SHLD
ETF Comparison: iShares U.S. Aerospace & Defense ETF (ITA) Versus Global X Defense Tech ETF (SHLD)
June 26, 2025
SHLD
ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance
March 5, 2025
NATO
SHLD
Advertisement
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
SHLD
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
SHLD
Geopolitical Tensions Fuel Surge in Defense ETFs
October 7, 2024
SHLD
Advertisement
