SHLD vs. MLPA ETF Comparison
Comparison of Global X Defense Tech ETF (SHLD) to Global X MLP ETF (MLPA)
SHLD
Global X Defense Tech ETF
SHLD Description
The investment seeks to provide investment results that track the performance of the Nasdaq Yewno Aerospace & Defense IndexTM before fees and expenses. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities of companies in the index that are tied to the protection of national security interests of the United States. From the universe of eligible securities, the index identifies the top 50 eligible companies ranked by total outstanding contracts relating to the protection of U.S. national security interests, and projected revenue amounts.
Grade (RS Rating)
Last Trade
$37.24
Average Daily Volume
279,379
17
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.Grade (RS Rating)
Last Trade
$47.50
Average Daily Volume
81,309
18
Performance
| Period | SHLD | MLPA |
|---|---|---|
| 30 Days | -2.84% | -2.02% |
| 60 Days | 2.76% | -0.38% |
| 90 Days | 8.44% | 2.06% |
| 12 Months | 40.20% | 11.71% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SHLD | Weight in MLPA | Overlap |
|---|
SHLD Underweight 18 Positions Relative to MLPA
SHLD: Top Represented Industries & Keywords
MLPA: Top Represented Industries & Keywords
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