Data as of Oct 28, 2026.
SHLD vs XME: Holdings Overlap & Returns
Over the year to Oct 28, 2026, SHLD returned −6.5% to XME's +3.4%; 0% of their weight is in the same names.
askIQ about this page
askIQ about SHLD and XME
Net assets: $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF, and $3.8bn on Oct 27, 2026 for State Street SPDR S&P Metals & Mining ETF.
45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.
21% of XME's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
XME costs 0.15 points a year less; their one-year returns differ by 9.9 points; SHLD is 1.5 times larger.
Points (pts) are percentage points.
| Measure | SHLD | XME |
|---|---|---|
| Return | ||
| Total return, 1 year | −6.5% | +3.4% |
| Drawdown | ||
| Below its all-time high | 18.6%, high on Mar 9, 2026 | 23.6%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Miners and metals |
| Against the S&P 500, 1 year | behind by 10.3 pts | |
| Its benchmark, total return, 1 year | +13.7% | |
| Against its benchmark, 1 year | behind by 10.3 pts | |
| Cost and size | ||
| Expense ratio | 0.50% | 0.35% |
| Net assets, as of Oct 12, 2026 | $6.3bn | $4.1bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, SHLD and XME hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SHLD | XME | SHLD | XME |
| 3 months | +2.0% | +3.9% | not measured | −2.2 pts vs IVV |
| 6 months | −4.7% | −11.5% | not measured | −20.6 pts vs IVV |
| 1 year | −6.5% | +3.4% | not measured | −10.3 pts vs IVV |
| 3 years | +156.5% | +108.2% | not measured | +12.8 pts vs IVV |
| Since launchNot the same days: SHLD Sep 2023 · XME Jun 2006 | +160.2% | +189.8% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
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.
XME
By weight, 21% of XME'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 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do SHLD and XME 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 XME, data as of Oct 28, 2026. https://etfiq.com/compare/themes/shld-vs-xme
ETFIQ. (Oct 28, 2026). SHLD against XME. Retrieved from https://etfiq.com/compare/themes/shld-vs-xme
[SHLD against XME (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/shld-vs-xme)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.