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Global X Defense Tech (SHLD)Overvalued or undervalued?
Look-through valuation · Theme · Expense ratio 0.50 % · ISIN US37960A5294
Price history (since 2023)
Monthly close since 2023. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Palantir Technologies Inc. PLTR | 11.0 % | −77.6 % | 69 |
| RTX Corporation RTX | 9.1 % | −54.0 % | 63 |
| General Dynamics Corporation GD | 8.5 % | −20.1 % | 67 |
| Lockheed Martin Corporation LMT | 8.3 % | +7.6 % | 68 |
| Northrop Grumman Corporation NOC | 7.8 % | −25.5 % | 65 |
| BAE Systems plc BA | 4.7 % | −36.3 % | 65 |
| Hanwha Aerospace Co Ltd 012450 | 3.8 % | −43.5 % | 39 |
| Rheinmetall AG RHM | 3.8 % | n/a | n/a |
| Thales S.A. HO | 3.7 % | −26.3 % | 64 |
| L3Harris Technologies Inc LHX | 3.7 % | +10.0 % | 63 |
| Leonardo S.p.A. LDO | 3.6 % | −34.2 % | 56 |
| Saab AB (publ) SAAB-B | 3.6 % | −65.4 % | 58 |
| Elbit Systems Ltd ESLT | 3.2 % | n/a | n/a |
| Leidos Holdings Inc LDOS | 2.4 % | +124.0 % | 73 |
| Kongsberg Gruppen ASA KOG | 2.1 % | −66.6 % | 68 |
| BWX Technologies Inc BWXT | 2.0 % | −68.4 % | 53 |
| Huntington Ingalls Industries Inc HII | 1.6 % | −7.7 % | 58 |
| Moog Inc MOG-A | 1.6 % | −66.7 % | 56 |
| Kratos Defense & Security Solutions KTOS | 1.4 % | −95.5 % | 25 |
| LIG Nex1 Co Ltd 079550 | 1.0 % | −68.9 % | 44 |
| Korea Aerospace Industries 047810 | 0.9 % | −85.3 % | 39 |
| Babcock International Group PLC BAB | 0.9 % | −8.5 % | 52 |
| AeroVironment Inc AVAV | 0.9 % | n/a | n/a |
| Dassault Aviation SA 0IAX | 0.9 % | n/a | n/a |
| Hensoldt AG HAG | 0.8 % | −55.6 % | 39 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about SHLD
Is SHLD overvalued?
What is the fair value of SHLD?
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Defense Tech ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.