Data as of . Every figure is the themes desk's own, on published data.
SHLD vs XT
3% 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 XT hold 3% of their money in the same securities at the same weight.
| Holding | SHLD | XT |
|---|---|---|
| Northrop Grumman Corporation | 4.24% | 0.80% |
| BAE SYSTEMS PLC | 4.90% | 0.76% |
| Rheinmetall Aktiengesellschaft | 5.78% | 0.76% |
| PALANTIR TECHNOLOGIES INC. | 7.09% | 0.34% |
| THALES SA | 4.29% | 0.28% |
| LEONARDO - SOCIETA PER AZIONI | 4.36% | 0.23% |
| SAAB Aktiebolag | 3.83% | 0.22% |
| Hensoldt AG | 1.06% | 0.05% |
| Only in SHLD | Only in XT |
|---|---|
| LOCKHEED MARTIN CORPORATION 8.45% | TEXAS INSTRUMENTS INCORPORATED 5.05% |
| RTX CORPORATION 7.78% | NVIDIA CORPORATION 4.02% |
| GENERAL DYNAMICS CORPORATION 7.70% | ANALOG DEVICES, INC. 4.00% |
| L3HARRIS TECHNOLOGIES, INC. 4.71% | MICROSOFT CORPORATION 3.62% |
| HANWHA AEROSPACE CO., LTD. 4.41% | TESLA, INC. 3.52% |
| ELBIT SYSTEMS LTD 4.15% | ELI LILLY AND COMPANY 3.41% |
| BWX TECHNOLOGIES, INC. 3.06% | AMAZON.COM, INC. 3.18% |
| LEIDOS HOLDINGS, INC. 2.78% | ALPHABET INC. 2.84% |
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 Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SHLD | XT | SHLD | XT | SHLD | XT | |
| 3 months | +0.2% | +3.1% | −4.5 pts | −1.6 pts | −1.9 pts | +1.0 pts |
| 6 months | −18.2% | +18.7% | −33.4 pts | +3.5 pts | −38.4 pts | −1.5 pts |
| 1 year | +2.3% | +31.3% | −17.7 pts | +11.3 pts | −23.3 pts | +5.7 pts |
| 3 years | n/a | +62.6% | n/a | −15.3 pts | n/a | −30.9 pts |
| Since launch | +158.9% | +285.1% | +79.9 pts | −59.8 pts | +63.5 pts | −339.5 pts |
| SHLD Global X Defense Tech ETF | XT iShares Future Exponential Technologies ETF | |
|---|---|---|
| Issuer | Global X | iShares |
| Theme | Defense | Broad innovation and megatrends |
| In the S&P 500 | 44.8% | 65.9% |
| Active share vs the S&P 500 | 98.7% | 66.8% |
| In the Nasdaq-100 | 7.1% | 42.9% |
| Holdings | 48 | 218 |
| Top ten, share of the fund | 59.5% | 34.7% |
| Expense ratio | 0.50% | 0.46% |
| Fee for the differing part | 0.51% | 0.69% |
| Total return, 1 year | +2.3% | +31.3% |
| vs the S&P 500 | −17.7 pts | +11.3 pts |
| vs the Nasdaq-100 | −23.3 pts | +5.7 pts |
| Below its high | −19.0% | −1.8% |
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.
XT in plain words
By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 67%. The top ten holdings are 35% of the fund across 218 positions, as filed for Apr 30, 2026. Over the year to Sep 4, 2026 the fund returned +31.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 11.3 pts.
Questions people ask
- Do SHLD and XT hold the same stocks?
- By their latest filings, 3% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, SHLD or XT?
- SHLD has 45% of its weight in S&P 500 names and XT has 66%, so SHLD differs more from the index.
- Which is cheaper, SHLD or XT?
- SHLD charges 0.50% a year and XT charges 0.46%, so XT 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 XT, data as of Sep 4, 2026. https://etfiq.com/compare/themes/SHLD-XT.html Free to use with attribution; the underlying files are at Open data.