Data as of Oct 28, 2026.
SHLD vs SIL: Holdings Overlap & Returns
Over the year to Oct 28, 2026, SHLD returned −6.5% to SIL's +18.3%; 0% of their weight is in the same names.
askIQ about this page
askIQ about SHLD and SIL
Net assets on Oct 12, 2026: $6.3bn for Global X Defense Tech ETF and $4.4bn for Global X Silver Miners ETF.
45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.
0% of SIL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
SHLD costs 0.15 points a year less; their one-year returns differ by 24.8 points; SHLD is 1.4 times larger.
Points (pts) are percentage points.
| Measure | SHLD | SIL |
|---|---|---|
| Return | ||
| Total return, 1 year | −6.5% | +18.3% |
| Drawdown | ||
| Below its all-time high | 18.6%, high on Mar 9, 2026 | 34.2%, high on Feb 27, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Silver miners |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | ahead by 4.9 pts | |
| Cost and size | ||
| Expense ratio | 0.50% | 0.65% |
| Net assets, as of Oct 12, 2026 | $6.3bn | $4.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026. Method
Risk and return
Sep 22, 2023 to Oct 23, 2026 · 161 weekly returnsSIL returned more: +208.3% to +161.2%. SHLD swung less: 24.0% to 45.9%. SHLD fell less at its worst: −25.1% to −39.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SHLD | SIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +161.2% | +208.3% | SIL | Price change plus distributions, reinvested. |
| Annualized | +36.4% | +43.9% | SIL | Total return as a yearly rate. |
| Price return | +156.8% | +195.5% | SIL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.0% | 45.9% | SHLD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 28.5% | SHLD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −25.1% | −39.1% | SHLD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.23 | 0.92 | SHLD | Return above Treasury bills per unit of volatility. |
| Sortino | 2.17 | 1.49 | SHLD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.45 | 1.12 | 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 SIL hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SHLD | SIL | SHLD | SIL |
| 3 months | +2.0% | +6.3% | not measured | +1.9 pts vs ACWI |
| 6 months | −4.7% | −10.2% | not measured | −17.6 pts vs ACWI |
| 1 year | −6.5% | +18.3% | not measured | +4.9 pts vs ACWI |
| 3 years | +156.5% | +227.9% | not measured | +139.0 pts vs ACWI |
| Since launchNot the same days: SHLD Sep 2023 · SIL Apr 2010 | +160.2% | +109.0% | not measured | −286.2 pts vs ACWI |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
SHLD and SIL are built for the same job. How do they differ in cost, holdings and results?
- Theme. SHLD covers Defense and SIL covers Silver miners.
- Concentration. The top ten holdings are 59.3% of SHLD and 76.3% of SIL, a gap of 17.0 points.
- What each follows. SHLD follows Defense and SIL follows Silver miners.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
SIL
By weight, 0% of SIL'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 76% of the fund across 39 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned +18.3% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 4.9 pts. It sits 34.2% below its all-time high of Feb 27, 2026.
Questions people ask
- Do SHLD and SIL hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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, SHLD against SIL, data as of Oct 28, 2026. https://etfiq.com/compare/themes/shld-vs-sil
ETFIQ. (Oct 28, 2026). SHLD against SIL. Retrieved from https://etfiq.com/compare/themes/shld-vs-sil
[SHLD against SIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/shld-vs-sil)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.