Do SHLD and XT hold the same stocks?

By their latest filings, 2% 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, 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.

Data as of Oct 28, 2026.

Thematic ETFs

SHLD vs XT: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, SHLD returned −6.5% to XT's +22.1%; 2% of their weight is in the same names.

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Net assets: $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF, and $4.1bn on Oct 27, 2026 for iShares Future Exponential Technologies ETF.

SHLD on its own →XT on its own →

At a glance

44.6%

SHLD in the S&P 500

65.5%

XT in the S&P 500

−6.5%

SHLD total return, 1 year

+22.1%

XT total return, 1 year

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.

XT · 1 year to Oct 28, 2026 35% of its weight is outside the S&P 500

66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XT costs 0.04 points a year less; their one-year returns differ by 28.6 points; SHLD is 1.6 times larger.

Points (pts) are percentage points.

SHLD vs XT: Holdings Overlap & Returns
Measure	SHLD	XT
Return
Measure	SHLD	XT
Total return, 1 year	−6.5%	+22.1%
Drawdown
Measure	SHLD	XT
Below its all-time high	18.6%, high on Mar 9, 2026
Against its benchmark
Measure	SHLD	XT
What it tracks	Defense	Broad innovation and megatrends
Its benchmark, total return, 1 year		+13.4%
Against its benchmark, 1 year		ahead by 8.7 pts
Cost and size
Measure	SHLD	XT
Expense ratio	0.50%	0.46%
Net assets, as of Oct 12, 2026	$6.3bn	$4.0bn
Holdings
Measure	SHLD	XT
Holdings in common	2%

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 XT hold 2% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first SHLD XT

BAE SYSTEMS PLC 4.88% 0.82%

Northrop Grumman Corporation 4.23% 0.80%

PALANTIR TECHNOLOGIES INC. 7.07% 0.49%

THALES SA 4.27% 0.26%

Hensoldt AG 1.06% 0.06%

Only in one fund ↓

Only in SHLD

LOCKHEED MARTIN CORPORATION 8.41%

RTX CORPORATION 7.75%

GENERAL DYNAMICS CORPORATION 7.67%

Rheinmetall Aktiengesellschaft 5.76%

L3HARRIS TECHNOLOGIES, INC. 4.69%

HANWHA AEROSPACE CO., LTD. 4.40%

LEONARDO - SOCIETA PER AZIONI 4.35%

ELBIT SYSTEMS LTD 4.13%

Only in XT

TEXAS INSTRUMENT 4.56%

TESLA INC 4.45%

ELI LILLY 4.32%

MICROSOFT 4.11%

PALO ALTO NETWORKS 3.67%

NVIDIA 3.66%

ANALOG DEVICES 3.33%

JOHNSON & JOHNSON 3.02%

Check overlap with more funds →

Window by window

Window by window: SHLD vs XT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	SHLD	XT	SHLD	XT
3 months	+2.0%	+10.2%	not measured	+5.8 pts vs ACWI
6 months	−4.7%	+14.0%	not measured	+6.6 pts vs ACWI
1 year	−6.5%	+22.1%	not measured	+8.7 pts vs ACWI
3 years	+156.5%	+93.2%	not measured	+4.3 pts vs ACWI
Since launchNot the same days: SHLD Sep 2023 · XT Mar 2015	+160.2%	+297.8%	not measured	+71.7 pts vs ACWI

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Side by side

SHLD Global X Defense Tech ETF · Holds 48 stocks in defense, 45% of its weight in S&P 500 companies XT iShares Future Exponential Technologies ETF · Holds 197 stocks in broad innovation and megatrends, 66% of its weight in S&P 500 companies

Issuer Global X iShares

Theme Defense Broad innovation and megatrends

In the S&P 500 44.6% 65.5%

Active share vs the S&P 500 98.7% 69.2%

In the Nasdaq-100 7.1% 41.6%

Holdings 48 197

Top ten, share of the fund 59.3% 36.6%

Expense ratio 0.50% 0.46%

Fee for the differing part 0.51% 0.66%

Total return, 1 year −6.5% +22.1%

vs its benchmark not measured +8.7 pts vs ACWI

Below its high −18.6% −0.5%

Net assets, SHLD as of Oct 12, 2026 and XT as of Oct 27, 2026 $6.3bn $4.1bn

As of Oct 28, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

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 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.

Questions people ask

Do SHLD and XT hold the same stocks?: By their latest filings, 2% 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, 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

SHLD vs ARKK SHLD vs XME SHLD vs COPX SHLD vs XBI XT vs IDEF XT vs XAR XT vs PPA XT vs ITA

Where to next

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

Sources and dates

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

XT filings on SEC EDGAR ↗

XT prospectus with the expense ratio (SEC) ↗

iShares page for XT ↗

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 XT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/shld-vs-xt

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