Data as of . Every figure is the themes desk's own, on published data.
SHLD vs XAR
25% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, SHLD and XAR hold 25% of their money in the same securities at the same weight.
| Holding | SHLD | XAR |
|---|---|---|
| BWX TECHNOLOGIES, INC. | 3.06% | 2.74% |
| GENERAL DYNAMICS CORPORATION | 7.70% | 2.67% |
| LOCKHEED MARTIN CORPORATION | 8.45% | 2.50% |
| L3HARRIS TECHNOLOGIES, INC. | 4.71% | 2.47% |
| Northrop Grumman Corporation | 4.24% | 2.42% |
| HUNTINGTON INGALLS INDUSTRIES, INC. | 2.05% | 2.49% |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC | 1.82% | 2.34% |
| MOOG INC. | 1.71% | 2.86% |
| MERCURY SYSTEMS, INC. | 1.13% | 2.25% |
| KARMAN HOLDINGS INC. | 0.84% | 2.80% |
| VOYAGER TECHNOLOGIES, INC. | 0.43% | 0.35% |
| RED CAT HOLDINGS, INC. | 0.26% | 1.33% |
| Only in SHLD | Only in XAR |
|---|---|
| RTX CORPORATION 7.78% | VSE Corp 3.40% |
| PALANTIR TECHNOLOGIES INC. 7.09% | Axon Enterprise Inc 3.23% |
| Rheinmetall Aktiengesellschaft 5.78% | StandardAero Inc 3.11% |
| BAE SYSTEMS PLC 4.90% | FTAI Aviation Ltd 3.09% |
| HANWHA AEROSPACE CO., LTD. 4.41% | Carpenter Technology Corp 3.04% |
| LEONARDO - SOCIETA PER AZIONI 4.36% | General Electric Co 3.02% |
| THALES SA 4.29% | Woodward Inc 2.98% |
| ELBIT SYSTEMS LTD 4.15% | HEICO Corp 2.86% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SHLD | XAR | SHLD | XAR | SHLD | XAR | |
| 3 months | +0.2% | −7.2% | −4.5 pts | −11.9 pts | −1.9 pts | −9.3 pts |
| 6 months | −18.2% | −9.4% | −33.4 pts | −24.5 pts | −38.4 pts | −29.5 pts |
| 1 year | +2.3% | +17.9% | −17.7 pts | −2.1 pts | −23.3 pts | −7.7 pts |
| 3 years | n/a | +113.8% | n/a | +35.9 pts | n/a | +20.3 pts |
| Since launch | +158.9% | +1074.6% | +79.9 pts | +314.2 pts | +63.5 pts | −342.9 pts |
| SHLD Global X Defense Tech ETF | XAR State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF | |
|---|---|---|
| Issuer | Global X | State Street |
| Theme | Defense | Defense |
| In the S&P 500 | 44.8% | 32.4% |
| Active share vs the S&P 500 | 98.7% | 97.9% |
| In the Nasdaq-100 | 7.1% | 3.2% |
| Holdings | 48 | 48 |
| Top ten, share of the fund | 59.5% | 30.4% |
| Expense ratio | 0.50% | 0.35% |
| Fee for the differing part | 0.51% | 0.36% |
| Total return, 1 year | +2.3% | +17.9% |
| vs the S&P 500 | −17.7 pts | −2.1 pts |
| vs the Nasdaq-100 | −23.3 pts | −7.7 pts |
| Below its high | −19.0% | −14.8% |
SHLD in plain words
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 60% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +2.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 17.7 pts. It sits 19.0% below its all-time high of Mar 9, 2026.
XAR in plain words
By weight, 32% of XAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 30% of the fund across 48 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +17.9% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 2.1 pts. It sits 14.8% below its all-time high of Aug 14, 2026.
Questions people ask
- Do SHLD and XAR hold the same stocks?
- By their latest filings, 25% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, SHLD or XAR?
- SHLD has 45% of its weight in S&P 500 names and XAR has 32%, so SHLD differs more from the index.
- Which is cheaper, SHLD or XAR?
- SHLD charges 0.50% a year and XAR charges 0.35%, so XAR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SHLD against XAR, data as of Sep 4, 2026. https://etfiq.com/compare/themes/SHLD-XAR.html Free to use with attribution; the underlying files are at Open data.