How large is SHLD and what does it cost to hold?

SHLD currently manages $7.53B in assets. The annual expense ratio (TER) is 0.50%, deducted directly from fund assets. Portfolio turnover stands at 33%, reflecting how frequently holdings are replaced within a year. Lower expense ratios compound favorably over time – a 0.08% TER on a 10-year holding period adds up to meaningfully less drag than a 0.5% fund.

What are the largest holdings in SHLD?

SHLD allocates 49.9% of its portfolio to Industrials. The three largest holdings are LMT (9.1%), RTX (7.9%), GD (6.9%). Concentration in the top holdings means single-name events in these positions can have an outsized effect on the ETF's price.

Does SHLD pay dividends or distributions?

SHLD currently distributes a yield of 0.39%. ETF distributions are typically passed through from dividends and interest generated by the underlying holdings. The actual payout frequency depends on the fund structure – most sector ETFs distribute quarterly.

What is SHLD's historical performance?

Reported performance for SHLD: year-to-date 15.09%. Past performance is not indicative of future results. Returns reflect price changes only and may differ from total return figures that include distributions.

What is the current trend signal for SHLD?

As of the most recent session, SHLD closed at $58.74. The swing trend is negative with ADX at 81.4 (strong trend strength). Momentum is bearish and has been running for 32 trading days. No Golden Cross is currently active All data is updated once per trading day after the US market closes.

When was the last Trendchange signal for SHLD?

The most recent Trendchange signal for SHLD fired on 27.07.26 at $63.85. The position has been open for 36 trading days. Performance after 10 days: +8.13%. The system's historical edge across 7 tracked signals is 0%. Trendchange signals are based on proprietary moving average crossover logic applied to end-of-day price data.

SHLD – Global X Defense Tech ETF

ETF

Industrials | Inception: 2023-09-11

Quick Stats

Trend Signal

$58.74

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

81.4

Trend Strength (ADX)

Strong trend – directional signals reliable

Options Signals

22%

IV-Rank (52w)

IV in normal range – no clear vol edge

7% / 93%

Call / Put Flow

Bearish positioning – put premium dominates options flow

Last Trendchange Signal

27.07.26

Date

Signal entry date

$63.85

Entry Price

Closing price at signal date

36d

Days Held

Trading days since signal

+8.13%

+10d

Return after 10 trading days

+5.07%

+20d

Return after 20 trading days

+5.07%

+30d

Return after 30 trading days

+5.07%

+60d

Return after 60 trading days

Trend Overview

Neutral – No Clear Edge Composite Score: 0 / 7

SHLD is in a neutral phase with no clear directional edge. Trend and momentum indicators are roughly balanced between positive and negative readings.

What to watch

No actionable setup is present. The market is not offering a clean edge in either direction. Patience is the discipline here.

SHLD Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $58.74 · ATR14: $1.52

Neutral – No Clear Edge Composite Score: 0 / 7

SHLD is in a neutral phase with no clear directional edge. Trend and momentum indicators are roughly balanced between positive and negative readings.

What to watch

No actionable setup is present. The market is not offering a clean edge in either direction. Patience is the discipline here.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▼ Down · -32d	Strength: -0.27 – Fading
Trend Strength (ADX)	81.4 – Strong	ADX38: 65.4
Volatility (HV30)	14.5% – Calm	HV90: 24.0% \| HV180: 26.2%
Vola Compression	None	Normal range
MA Structure	Death Cross ✗	Stack: Partially aligned (1/3)
EMA21 Distance	-2.94 ATR ↑	EMA21: $61.18
GD200 Extension	-8.9 ATR – Normal	GD20: -2.9 \| GD50: -5.8 \| GD100: -5.0

🟡 Downside Momentum Easing

Downward momentum has run -32 days but strength is decreasing (-0.27). The move may be exhausting.

💪 Trend Strength – ADX14: 81.4 (Strong)

A strong and well-defined trend. ADX38: 65.4. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 14.5% | HV90: 24.0% | HV180: 26.2%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

💀 Death Cross – Long-term Bearish

Death Cross in place. GD50 $64.44 below GD200 $67.97. Long-term structure remains bearish. MA stack: Partially aligned (1/3).

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($61.18) with -2.94 ATR distance and growing.

📐 Key Price Levels & ATR Distance

GD20: $61.43 (-2.9 ATR) | GD50: $64.44 (-5.8 ATR) | GD100: $63.55 (-5.0 ATR) | GD200: $67.97 (-8.9 ATR). ATR14: $1.52.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2023									-1.65	5.72	4.75	1.15	12.61
2024	1.09	10.13	6.20	T -1.02	4.00	-2.79	T 7.62	6.49	2.36	-1.61	4.97	-4.20	34.35
2025	T 6.19	7.02	4.42	9.92	9.86	5.00	4.14	2.27	T 12.35	-2.72	-9.29	T 6.67	73.70
2026	13.26	0.56	-8.10	T -7.17	-0.57	-9.01	T 3.35	1.72	-6.29	-2.33			-11.58

T A T badge marks a Trendchange signal in that month. Hover for entry price.

SHLD - Trendchange Chart

Trendchange Signal History

The last 7 Trendchange signals for SHLD:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
27.07.26	$63.85	36d	+8.13%	+5.07%	+5.07%	+5.07%
14.04.26	$74.33	8d	-1.8%	-1.8%	-1.8%	-1.8%
24.12.25	$66.61	34d	+9.55%	+15.48%	+14.55%	+14.55%
02.09.25	$62.52	47d	+6.14%	+10.38%	+9.21%	+9.21%
21.01.25	$40.24	31d	-1.89%	+6.78%	+13.1%	+17.54%
11.07.24	$33.88	39d	+0.94%	+1.98%	+7.7%	+6.97%
29.04.24	$33.29	30d	+0.96%	+2.19%	+1.8%	+1.8%

Signal Statistics - Historical Edge

Calculated edge for SHLD: 0%

Range	N	10d	20d	30d	60d	Signal
7-10%	2	+8.84%	+10.28%	+9.81%	+9.81%	Close
5-7%	1	+6.14%	+10.38%	+9.21%	+9.21%	Close
0-1%	2	+0.95%	+2.09%	+4.75%	+4.38%	Close
-3-1%	2	-1.85%	+2.49%	+5.65%	+7.87%	Neg

Exit Rules: Stoploss: -10% | Close if below 10% after 10 days

Signal data as of October 7, 2026

LOW ALERT ● Neutral Strength: 2.5

Options Metrics

IV-Rank (52w)

22%

IV is in its normal historical range – no structural vol edge in either direction.

Call / Put Flow

7% / 93%

More than 60% of options premium is flowing into puts. This indicates net bearish positioning by market participants.

GEX (Mio.)

-39,251.6

Negative GEX: market makers are short gamma. They sell dips and buy rallies, which amplifies moves and increases volatility.

Max Pain

$59.00 · 0.4%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$58.74

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

SHLD GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

View full options flow data and historical signals on the Options Flow Analysis Overview →

About Global X Defense Tech ETF

The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index, which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is owned and was developed by Global X Management Company LLC, an affiliate of the fund and the fund's investment adviser. The fund is non-diversified.

Fund Overview

Metric	Value
Assets under Management	$7.53 B
Expense Ratio	0.50%
Dividend Yield	0.39%
Portfolio Turnover	33%
YTD Return	15.09%

Sector Allocation

Sector	Weight
Industrials	49.9%
Information Technology	7%

Top 10 Holdings

Symbol	Company	Weight
LMT	LOCKHEED MARTIN CORP	9.11%
RTX	RTX CORP	7.88%
GD	GENERAL DYNAMICS CORP	6.93%
PLTR	PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A	6.01%
NOC	NORTHROP GRUMMAN CORP	4.86%
LHX	L3HARRIS TECHNOLOGIES INC	4.74%
LDOS	LEIDOS HOLDINGS INC	3.3%
BWXT	BWX TECHNOLOGIES INC	2.69%
HII	HUNTINGTON INGALLS INDUSTRIES INC	2.44%
KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS INC	2.21%

Frequently Asked Questions – Global X Defense Tech ETF (SHLD)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.