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, Technology and Non-Energy Materials. In contrast, SHLD's top sector exposures are Industrials, Business Services and Technology. NATO is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.5% for SHLD. NATO is up 4.8% year-to-date (YTD) with +$39M in YTD flows. SHLD performs worse with -6.16% YTD performance, and +$2.58B 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 07/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NATO SHLD | -0.73%+0.44% | +2.59%-13.32% | +4.80%-6.16% | +11.13%+0.75% | n/an/a | n/an/a |
| Flows | NATO SHLD | --$441M | -$3M-$388M | +$39M+$2.58B | +$46M+$4.34B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NATO SHLD | +23.47%+24.69% | +20.54%+22.87% | n/an/a | n/an/a |
| Max drawdown | NATO SHLD | -8.30%-16.91% | -14.82%-24.78% | n/an/a | n/an/a |
| Max drawdown duration | NATO SHLD | 16d91d | 142d184d | n/an/a | n/an/a |
Trading data
NATO | SHLD | |
Last sale 7/23/2026 at 1:30 PM | $40.42 | $62.75 |
| Previous close 07/22/2026 | $39.82 | $60.73 |
| Consolidated volume 07/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/23/2026 at 1:30 PM
Live
Closed
NATO | SHLD | |
|---|---|---|
| Last price | $40.42 | $62.75 |
| 1D performance | +1.51% | +3.33% |
| AuM | $98.62 M | $6.78 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 | 77 | 47 |
| 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
70.01%
United Kingdom
11.16%
Other
18.83%
SHLD
USA
63.63%
Other
36.37%
Sectors
NATO
Industrials
98.87%
Other
1.13%
SHLD
Industrials
88.59%
Business Services
7.48%
Other
3.93%
Advertisement
Diversification
NATO
Total weight of top 15 holdings out of 15
77.23%
SHLD
Total weight of top 15 holdings out of 15
76.86%
Top 15 holdings
Data as of June 30, 2026
NATO
GE Aerospace
9.76%
RTX Corp.
7.66%
The Boeing Co.
7.42%
Rolls-Royce Holdings Plc
7.05%
Honeywell International, Inc.
6.64%
Lockheed Martin Corp.
5.25%
Airbus SE
5.10%
Howmet Aerospace, Inc.
4.93%
Safran SA
4.78%
General Dynamics Corp.
3.61%
TransDigm Group, Inc.
3.43%
Northrop Grumman Corp.
3.36%
BAE Systems Plc
3.35%
L3Harris Technologies, Inc.
2.56%
Rheinmetall AG
2.33%
SHLD
RTX Corp.
9.36%
General Dynamics Corp.
8.97%
Lockheed Martin Corp.
8.32%
Northrop Grumman Corp.
7.90%
Palantir Technologies, Inc.
7.48%
L3Harris Technologies, Inc.
4.61%
BAE Systems Plc
4.45%
Rheinmetall AG
3.88%
Thales SA
3.69%
HANWHA AEROSPACE Co., Ltd.
3.49%
Leonardo SpA
3.45%
Elbit Systems Ltd.
3.28%
Saab AB
3.10%
BWX Technologies, Inc.
2.82%
Leidos Holdings, Inc.
2.05%
Frequently asked questions about NATO and SHLD
How have the NATO and SHLD ETFs performed in 2026?
As of July 22, 2026, NATO is up 4.8% year-to-date (YTD), while SHLD has lost -6.16%. 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 +$2.58B for SHLD.
Which ETF is more volatile: NATO or SHLD?
Over the past year, NATO had a volatility of 20.54%, while SHLD experienced 22.87%.
Which ETF is bigger: NATO or SHLD?
As of July 22, 2026, NATO holds $98.62 M in assets under management (AUM), while SHLD manages $6.78 B.
What sectors do the NATO and SHLD ETFs invest in?
NATO leans toward sectors like Industrials. Meanwhile, SHLD focuses on Industrials and Business Services.
What are the top holdings of the NATO ETF and SHLD ETF?
NATO top holdings include GE Aerospace, RTX Corp. and The Boeing Co.. SHLD holds in its top three: RTX Corp., General Dynamics Corp. and Lockheed Martin Corp..
Which ETF is more diversified: NATO or SHLD?
NATO holds 78 securities with 77.23% of its assets in the top 15. SHLD has 47 securities and a top 15 weight of 76.86%.
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
