Are SHLD and VOO in the same category?

SHLD is a thematic ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, SHLD or VOO?

In the year to Oct 28, 2026, with distributions reinvested, SHLD returned −6.5% and VOO +13.7%.

Which is cheaper, SHLD or VOO?

VOO is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SHLD and VOO overlap with the S&P 500?

By their latest filed holdings, 45% of SHLD and 100% of VOO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

SHLD vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SHLD returned −6.5% to VOO's +13.7%, and VOO charges 0.03% to SHLD's 0.50%.

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Net assets: $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

SHLD on its own →VOO on its own →

At a glance

−6.5%

SHLD total return, 1 year

+13.7%

VOO total return, 1 year

0.50%

SHLD expense ratio

0.03%

VOO expense ratio

Pair scorecard

VOO costs 0.47 points a year less; their one-year returns differ by 20.2 points.

SHLD vs VOO: Differences, Returns & Fees
Measure	SHLD	VOO
Return
Measure	SHLD	VOO
Total return, 1 year	−6.5%	+13.7%
Drawdown
Measure	SHLD	VOO
Below its all-time high	18.6%, high on Mar 9, 2026
Benchmark
Measure	SHLD	VOO
What it tracks	Defense	S&P 500 Index
Cost and size
Measure	SHLD	VOO
Expense ratio	0.50%	0.03%
Net assets, SHLD as of Oct 12, 2026 and VOO as of Sep 30, 2026	$6.3bn	$1.0tn
Active share vs the S&P 500	99%
Holdings
Measure	SHLD	VOO
Holdings in common	2%
Top ten holdings, share of the fund	59%	39.1%

Holdings in common uses holdings dated May 31, 2026 and Sep 30, 2026. Method

Risk and return

Sep 22, 2023 to Oct 23, 2026 · 161 weekly returns

SHLD VOO

Return

Total return edge SHLD +161.2% +83.5%

Annualized edge SHLD +36.4% +21.7%

Price return edge SHLD +156.8% +76.0%

Risk

Volatility edge VOO 24.0% 14.1%

Max drawdown edge VOO −25.1% −16.7%

Risk-adjusted

Sharpe edge SHLD (slight) 1.23 1.15

Sortino edge SHLD 2.17 1.80

Calmar edge SHLD 1.45 1.30

Reading

SHLD returned more: +161.2% to +83.5%. VOO swung less: 14.1% to 24.0%. VOO fell less at its worst: −16.7% to −25.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SHLD vs VOO: Differences, Returns & Fees
Measure	SHLD	VOO	Edge	How it is measured
Return
Total return	+161.2%	+83.5%	SHLD	Price change plus distributions, reinvested.
Annualized	+36.4%	+21.7%	SHLD	Total return as a yearly rate.
Price return	+156.8%	+76.0%	SHLD	Price change alone, distributions left out.
Risk
Volatility	24.0%	14.1%	VOO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.5%	9.0%	VOO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−25.1%	−16.7%	VOO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.23	1.15	SHLD (slight)	Return above Treasury bills per unit of volatility.
Sortino	2.17	1.80	SHLD	Return above Treasury bills per unit of downside deviation.
Calmar	1.45	1.30	SHLD	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 161 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, SHLD and VOO hold 2% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Sep 30, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first SHLD VOO

PALANTIR TECHNOLOGIES INC. 7.07% 0.65%

RTX CORPORATION 7.75% 0.38%

LOCKHEED MARTIN CORPORATION 8.41% 0.16%

GENERAL DYNAMICS CORPORATION 7.67% 0.13%

Northrop Grumman Corporation 4.23% 0.10%

L3HARRIS TECHNOLOGIES, INC. 4.69% 0.07%

LEIDOS HOLDINGS, INC. 2.77% 0.02%

HUNTINGTON INGALLS INDUSTRIES, INC. 2.04% 0.02%

Only in one fund ↓

Only in SHLD

Rheinmetall Aktiengesellschaft 5.76%

BAE SYSTEMS PLC 4.88%

HANWHA AEROSPACE CO., LTD. 4.40%

LEONARDO - SOCIETA PER AZIONI 4.35%

THALES SA 4.27%

ELBIT SYSTEMS LTD 4.13%

SAAB Aktiebolag 3.82%

BWX TECHNOLOGIES, INC. 3.05%

Only in VOO

NVIDIA Corp 8.40%

Apple Inc 7.39%

Microsoft Corp 5.79%

Amazon.com Inc 3.72%

Alphabet Inc 3.07%

Broadcom Inc 2.54%

Alphabet Inc 2.46%

Meta Platforms Inc 2.43%

Check overlap with more funds →

Side by side

SHLD Global X Defense Tech ETF VOO Vanguard S&P 500 ETF

Where it sits Thematic ETF Stock ETF

Issuer Global X Vanguard

What it is Defense Tracks the S&P 500

Total return, 1 year −6.5% +13.7%

Its benchmark over the same days not measured +13.7% (IVV)

Gap to its benchmark not measured 0.0 pts vs IVV

Expense ratio 0.50% 0.03%

Already in the S&P 500 44.6% 99.7%

Holdings 48 507

Net assets, SHLD as of Oct 12, 2026 and VOO as of Sep 30, 2026 $6.3bn $1.0tn

SHLD and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief

No client brief for this pair: the two funds' holdings are dated 122 days apart.

Alert

About each fund

SHLD

By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Are SHLD and VOO in the same category?: SHLD is a thematic ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, SHLD or VOO?: In the year to Oct 28, 2026, with distributions reinvested, SHLD returned −6.5% and VOO +13.7%.
Which is cheaper, SHLD or VOO?: VOO is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SHLD and VOO overlap with the S&P 500?: By their latest filed holdings, 45% of SHLD and 100% of VOO by weight is stocks the S&P 500 already holds.

Other comparisons

IVV vs SHLD SHLD vs VTI SHLD vs VUG SCHG vs SHLD IDEF vs VOO VOO vs XAR PPA vs VOO ITA vs VOO

Where to next

SHLD on its own →VOO on its own →Hold both: look the portfolio through →Rankings →SHLD dividend history →SHLD holdings →VOO dividend history →VOO holdings →Standards and sources →

Sources and dates

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

VOO filings on SEC EDGAR ↗

VOO prospectus with the expense ratio (SEC) ↗

Vanguard page for VOO ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SHLD against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/shld-vs-voo

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.