SHLDvsXLIETF Comparison
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Global X Defense Tech ETF (SHLD) belongs to the US Large Cap segment. State Street Industrial Select Sector SPDR ETF (XLI) is part of the US Industrials segment. Both ETFs have the same top 3 sector exposures: Industrials and Information Technology. SHLD is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.08% for XLI. SHLD is up 3.99% year-to-date (YTD) with +$2.97B in YTD flows. XLI performs better with 11.55% YTD performance, and +$1.82B in YTD flows. Run a side-by-side ETF comparison of SHLD and XLI 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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SHLD vs XLI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHLD XLI | -6.52%+5.21% | -11.20%+5.25% | +3.99%+11.55% | +35.62%+35.49% | n/a+78.86% | n/a+83.78% |
| Flows | SHLD XLI | +$292M+$769M | +$1.94B+$1.41B | +$2.97B+$1.82B | +$5.93B+$4.35B | -+$6.06B | --$522M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHLD XLI | +26.73%+19.83% | +21.62%+15.13% | n/a+16.25% | n/a+17.40% |
| Max drawdown | SHLD XLI | -12.77%-12.21% | -14.65%-12.21% | n/a-18.43% | n/a-21.70% |
| Max drawdown duration | SHLD XLI | 46d53d | 91d53d | n/a165d | n/a526d |
Trading data
SHLD | XLI | |
Last sale 4/27/2026 at 3:42 PM | $67.55 | $172.15 |
| Previous close 04/24/2026 | $67.57 | $172.47 |
| 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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SHLD | XLI | |
|---|---|---|
| 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 3:42 PM
Live
Closed
SHLD | XLI | |
|---|---|---|
| Last price | $67.55 | $172.15 |
| 1D performance | -0.03% | -0.19% |
| AuM | $7.99 B | $30.31 B |
| E/R | 0.5% | 0.08% |
Characteristics
SHLD | XLI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Global X | State Street Investment Management |
| Benchmark | Global X Defense Tech Index | S&P Industrial Select Sector Index |
| N° of holdings | 42 | 77 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2023 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
SHLD
USA
58.5%
Republic of Korea
8.04%
Other
33.46%
XLI
USA
93.12%
Other
6.88%
Sectors
SHLD
Industrials
85.92%
Information Techn.
7.29%
Other
6.79%
XLI
Industrials
91.84%
Other
8.16%
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Diversification
SHLD
Total weight of top 15 holdings out of 15
78.94%
XLI
Total weight of top 15 holdings out of 15
49.69%
Top 15 holdings
Data as of March 31, 2026
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%
XLI
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%
LOCKHEED MARTIN
2.42%
PARKER HANNIFIN
2.24%
VERTIV HOLDINGS
1.90%
HOWMET AEROSPACE INC
1.83%
TRANE TECHNOLOGIES PLC
1.83%
Frequently asked questions about SHLD and XLI
How have the SHLD and XLI ETFs performed in 2026?
As of April 24, 2026, SHLD is up 3.99% year-to-date (YTD), while XLI has returned 11.55%. That puts XLI better performer ahead so far this year.
Which ETF is attracting more investor money: SHLD or XLI?
Year-to-date, the SHLD ETF saw +$2.97B in flows, compared to +$1.82B for XLI.
Which ETF is more volatile: SHLD or XLI?
Over the past year, SHLD had a volatility of 21.62%, while XLI experienced 15.13%.
Which ETF is bigger: SHLD or XLI?
As of April 24, 2026, SHLD holds $7.99 B in assets under management (AUM), while XLI manages $30.31 B.
What sectors do the SHLD and XLI ETFs invest in?
SHLD leans toward sectors like Industrials and Information Technology. Meanwhile, XLI focuses on Industrials.
What are the top holdings of the SHLD ETF and XLI ETF?
SHLD top holdings include LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL DYNAMICS. XLI holds in its top three: CATERPILLAR, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD.
Which ETF is more diversified: SHLD or XLI?
SHLD holds 47 securities with 78.94% of its assets in the top 15. XLI has 79 securities and a top 15 weight of 49.69%.
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