Do QTUM and SHLD hold the same stocks?

By their latest filings, 6% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, QTUM or SHLD?

QTUM has 38% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.

Which is cheaper, QTUM or SHLD?

QTUM charges 0.40% a year and SHLD charges 0.50%, so QTUM is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

QTUM vs SHLD: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, QTUM returned +28.9% to SHLD's −6.5%; 6% of their weight is in the same names.

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Net assets: $5.4bn on Oct 27, 2026 for Defiance Quantum ETF, and $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.

QTUM on its own →SHLD on its own →

At a glance

37.5%

QTUM in the S&P 500

44.6%

SHLD in the S&P 500

+28.9%

QTUM total return, 1 year

−6.5%

SHLD total return, 1 year

QTUM · 1 year to Oct 28, 2026 63% of its weight is outside the S&P 500

38% of QTUM's weight is in S&P 500 companies and 63% is outside the index. Holdings as of Oct 28, 2026.

SHLD · 1 year to Oct 28, 2026 55% of its weight is outside the S&P 500

45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

QTUM costs 0.10 points a year less; their one-year returns differ by 35.4 points; SHLD is 1.1 times larger.

QTUM vs SHLD: Holdings Overlap & Returns
Measure	QTUM	SHLD
Return
Measure	QTUM	SHLD
Total return, 1 year	+28.9%	−6.5%
Drawdown
Measure	QTUM	SHLD
Below its all-time high	14.3%, high on Jun 2, 2026	18.6%, high on Mar 9, 2026
Benchmark
Measure	QTUM	SHLD
What it tracks	Quantum computing	Defense
Cost and size
Measure	QTUM	SHLD
Expense ratio	0.40%	0.50%
Net assets, as of Oct 12, 2026	$5.6bn	$6.3bn
Holdings
Measure	QTUM	SHLD
Holdings in common	6%
Top ten holdings, share of the fund	18%	59%

Holdings in common uses holdings dated May 31, 2026 and Oct 28, 2026. Method

Risk and return

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

QTUM SHLD

Return

Total return edge QTUM +193.1% +161.2%

Annualized edge QTUM +41.5% +36.4%

Price return edge QTUM +185.2% +156.8%

Risk

Volatility edge SHLD (slight) 26.5% 24.0%

Max drawdown edge QTUM −21.9% −25.1%

Risk-adjusted

Sharpe edge QTUM (slight) 1.28 1.23

Sortino edge SHLD 1.95 2.17

Calmar edge QTUM 1.90 1.45

Reading

QTUM returned more: +193.1% to +161.2%. SHLD swung slightly less: 24.0% to 26.5%. QTUM fell less at its worst: −21.9% to −25.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: QTUM vs SHLD: Holdings Overlap & Returns
Measure	QTUM	SHLD	Edge	How it is measured
Return
Total return	+193.1%	+161.2%	QTUM	Price change plus distributions, reinvested.
Annualized	+41.5%	+36.4%	QTUM	Total return as a yearly rate.
Price return	+185.2%	+156.8%	QTUM	Price change alone, distributions left out.
Risk
Volatility	26.5%	24.0%	SHLD (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.4%	13.5%	SHLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−21.9%	−25.1%	QTUM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.28	1.23	QTUM (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.95	2.17	SHLD	Return above Treasury bills per unit of downside deviation.
Calmar	1.90	1.45	QTUM	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, QTUM and SHLD hold 6% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first QTUM SHLD

Palantir Technologies Inc 1.84% 7.07%

Lockheed Martin Corp 1.46% 8.41%

Rtx Corp 1.34% 7.75%

Northrop Grumman Corp 1.24% 4.23%

Only in one fund ↓

Only in QTUM

Global Unichip Corp 2.43%

Elastic Nv 2.14%

Horizon Quantum Holdings Ltd 1.86%

Nutanix Inc 1.78%

Cloudflare Inc 1.77%

Snowflake Inc 1.73%

Arqit Quantum Inc 1.72%

Fujitsu Ltd 1.64%

Only in SHLD

GENERAL DYNAMICS CORPORATION 7.67%

Rheinmetall Aktiengesellschaft 5.76%

BAE SYSTEMS PLC 4.88%

L3HARRIS TECHNOLOGIES, INC. 4.69%

HANWHA AEROSPACE CO., LTD. 4.40%

LEONARDO - SOCIETA PER AZIONI 4.35%

THALES SA 4.27%

ELBIT SYSTEMS LTD 4.13%

Check overlap with more funds →

Window by window

Window by window: QTUM vs SHLD: Holdings Overlap & Returns
	Total return
Window	QTUM	SHLD
3 months	+9.1%	+2.0%
6 months	+11.2%	−4.7%
1 year	+28.9%	−6.5%
3 years	+229.7%	+156.5%
Since launchNot the same days: QTUM Sep 2018 · SHLD Sep 2023	+522.8%	+160.2%

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Side by side

QTUM Defiance Quantum ETF · Holds 85 stocks in quantum computing, 38% of its weight in S&P 500 companies SHLD Global X Defense Tech ETF · Holds 48 stocks in defense, 45% of its weight in S&P 500 companies

Issuer Defiance Global X

Theme Quantum computing Defense

In the S&P 500 37.5% 44.6%

Active share vs the S&P 500 82.2% 98.7%

In the Nasdaq-100 28.0% 7.1%

Holdings 85 48

Top ten, share of the fund 18.5% 59.3%

Expense ratio 0.40% 0.50%

Fee for the differing part 0.49% 0.51%

Total return, 1 year +28.9% −6.5%

vs its benchmark not measured not measured

Below its high −14.3% −18.6%

Net assets, QTUM as of Oct 27, 2026 and SHLD as of Oct 12, 2026 $5.4bn $6.3bn

As of Oct 28, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Client brief

No client brief for this pair: the two funds' holdings are dated 150 days apart.

Alert

About each fund

QTUM

By weight, 38% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 18% of the fund across 85 positions, as published by its issuer for Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned +28.9% with distributions reinvested. It sits 14.3% below its all-time high of Jun 2, 2026.

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.

Questions people ask

Do QTUM and SHLD hold the same stocks?: By their latest filings, 6% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, QTUM or SHLD?: QTUM has 38% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
Which is cheaper, QTUM or SHLD?: QTUM charges 0.40% a year and SHLD charges 0.50%, so QTUM is cheaper. Fees come from each fund's prospectus.

Other comparisons

QTUM vs IDEF QTUM vs XAR QTUM vs PPA QTUM vs ITA SHLD vs ARKK SHLD vs ARTY SHLD vs COPX SHLD vs AIRR

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →QTUM on its own →SHLD on its own →QTUM dividend history →QTUM holdings →SHLD dividend history →SHLD holdings →Method →Standards and sources →

Sources and dates

QTUM filings on SEC EDGAR ↗

QTUM prospectus with the expense ratio (SEC) ↗

Defiance page for QTUM ↗

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, QTUM against SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/themes/qtum-vs-shld

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