Data as of .
EUAD vs SHLD: which is really different?
EUAD and SHLD hold 17% of their weight in the same names, and EUAD returned more over the year.
ETFIQ Off-Index Score: EUAD scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
17% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, EUAD and SHLD hold 17% of their money in the same securities at the same weight.
| Holding | EUAD | SHLD |
|---|---|---|
| BAE Systems PLC | 8.96% | 4.72% |
| Rheinmetall AG | 7.53% | 3.80% |
| Thales SA | 6.92% | 3.76% |
| Leonardo SpA | 8.27% | 3.56% |
| Hensoldt AG | 4.90% | 0.84% |
| QinetiQ Group PLC | 2.02% | 0.38% |
| Chemring Group PLC | 1.33% | 0.28% |
| Only in EUAD | Only in SHLD |
|---|---|
| Airbus SE 14.86% | PALANTIR TECHNOLOGIES INC-A 10.77% |
| MTU Aero Engines AG 11.03% | RTX CORPORATION 9.10% |
| Rolls-Royce Holdings 8.43% | GENERAL DYNAMICS CORP 8.54% |
| Safran SA 7.56% | LOCKHEED MARTIN CORP 8.29% |
| Saab AB 7.00% | NORTHROP GRUMMAN CORP 7.88% |
| CLEARST. RYCEY SWAP 6.00% | HANWHA AEROSPACE CO LTD 3.86% |
| Babcock Internationa 4.14% | L3HARRIS TECHNOLOGIES INC 3.69% |
| CLEARST. BAESY SWAP 0.89% | SAAB AB-B 3.47% |
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 dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| EUAD | SHLD | EUAD | SHLD | EUAD | SHLD | |
| 3 months | +1.0% | +0.9% | −1.3 pts | −1.3 pts | +3.5 pts | +3.4 pts |
| 6 months | +4.8% | −14.0% | −13.2 pts | −32.1 pts | −19.4 pts | −38.3 pts |
| 1 year | −4.4% | −5.1% | −21.0 pts | −21.7 pts | −26.2 pts | −26.9 pts |
| 3 years | not published | +156.1% | not published | +77.7 pts | not published | +57.9 pts |
| Since launch | +70.4% | +157.7% | +36.8 pts | +80.2 pts | +23.6 pts | +61.5 pts |
| EUAD Select STOXX Europe Aerospace & Defense ETF Holds 18 stocks in defense, 0% of its weight in S&P 500 companies | SHLD Global X Defense Tech ETF Holds 59 stocks in defense, 40% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Tuttle | Global X |
| Theme | Defense | Defense |
| In the S&P 500 | 0.0% | 39.9% |
| Active share vs the S&P 500 | 100.0% | 99.1% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 18 | 59 |
| Top ten, share of the fund | 86.6% | 64.4% |
| Expense ratio | 0.50% | 0.50% |
| Fee for the differing part | 0.50% | 0.50% |
| Total return, 1 year | −4.4% | −5.1% |
| vs the S&P 500 | −21.0 pts | −21.7 pts |
| vs the Nasdaq-100 | −26.2 pts | −26.9 pts |
| Below its high | −11.6% | −19.4% |
| Net assets | $1.2bn | $7.1bn |
EUAD in plain words
By weight, 0% of EUAD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 87% of the fund across 18 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −4.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.0 pts. It sits 11.6% below its all-time high of Jan 13, 2026.
SHLD in plain words
By weight, 40% 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 64% of the fund across 59 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −5.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.7 pts. It sits 19.4% below its all-time high of Mar 9, 2026.
Questions people ask
- Do EUAD and SHLD hold the same stocks?
- By their latest filings, 17% 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, EUAD or SHLD?
- EUAD has 0% of its weight in S&P 500 names and SHLD has 40%, so EUAD differs more from the index.
- Which is cheaper, EUAD or SHLD?
- EUAD charges 0.50% a year and SHLD charges 0.50%, so EUAD 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, EUAD against SHLD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/euad-vs-shld Free to use with attribution; the underlying files are at Open data.