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Global X Defense Tech ETF (SHLD $61.23)
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Select STOXX Europe Aerospace & Defense ETF (EUAD $43.49)
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Global X Defence Tech Index ETF (SHLD $24.10)
Q: Snap shoot of the two ETF
SHLD Can 52 wks range $21 to $24 and volume of 20,000 to 60,000
SHLD US 52 wks range $33 to $61 and volume of 1 M +
Why so much discrepancy ? Should I buy Can or US
PS I have 1/2 position in EUAD and would like to be expose outside EU market
Your comment plus.
Ray
SHLD Can 52 wks range $21 to $24 and volume of 20,000 to 60,000
SHLD US 52 wks range $33 to $61 and volume of 1 M +
Why so much discrepancy ? Should I buy Can or US
PS I have 1/2 position in EUAD and would like to be expose outside EU market
Your comment plus.
Ray
5i Research Answer:
We have some prior recent comments here. The C$ version is new, and has much less in assets and had a different unit starting price. Assets are $41M vs $3.1B for the US version and this of course impacts trading liquidity. We would prefer the US version today. It does have some European exposure but we think it makes a good complement to EUAD, with 55% US exposure.