- ISIN
- US8829277677
- CUSIP
- 882927767
- Issuer
- Themes
- Inception Date
- Oct 10, 2024
- Region
- Developed Markets (Transatlantic)
- Category
- Aerospace & Defense
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Transatlantic Aerospace and Defense Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Highlights
- Avg. Volume (1M)
- 19K
- Avg. Volume Value (1M)
- $763.26K
Share Price Chart
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Performance
NATO Performance Chart
Themes Transatlantic Defense ETF (NATO) is up 8.6% since the beginning of the year. NATO is currently trading at $42 per share.
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Returns By Period
Themes Transatlantic Defense ETF (NATO) has returned 8.62% so far this year and 16.21% over the past 12 months.
Themes Transatlantic Defense ETF
- 1D
- 0.47%
- 1M
- -1.55%
- 6M
- -0.50%
- YTD
- 8.62%
- 1Y
- 16.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.95%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NATO Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2024, NATO's average daily return is +0.12%, while the average monthly return is +2.43%. At this rate, an investment would double in approximately 2.4 years.
Historically, 73% of months were positive and 27% were negative. The best month was May 2025 with a return of +12.4%, while the worst month was Mar 2026 at -11.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NATO closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Apr 4, 2025 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.16% | 4.01% | -11.24% | 0.25% | 5.82% | -0.71% | 2.32% | 8.62% | |||||
| 2025 | 6.18% | 3.51% | 2.88% | 4.26% | 12.36% | 6.14% | 0.68% | 1.28% | 7.24% | -1.18% | -6.04% | 5.74% | 50.95% |
| 2024 | -1.86% | 7.43% | -4.66% | 0.51% |
Benchmark Metrics
Themes Transatlantic Defense ETF has an annualized alpha of 18.47%, beta of 0.85, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since October 11, 2024.
- This ETF captured 104.87% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.59%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.39 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 18.47%
- Beta
- 0.85
- R²
- 0.39
- Upside Capture
- 104.87%
- Downside Capture
- -17.59%
Expense Ratio
NATO has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NATO ranks 30 for risk / return — above 30% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Themes Transatlantic Defense ETF (NATO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NATO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.00 | -1.01 |
| Martin ratioReturn relative to average drawdown | 2.23 | 8.49 | -6.26 |
Dividends
Dividend History
Themes Transatlantic Defense ETF provided a 0.42% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.02 |
Dividend yield | 0.42% | 0.45% | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Themes Transatlantic Defense ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2024 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Themes Transatlantic Defense ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Themes Transatlantic Defense ETF was 15.99%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Themes Transatlantic Defense ETF drawdown is 6.05%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.99%Mar 2026 | 27d | — | 5mo 2dMar 2026 - now | — |
-13.28%Apr 2025 | 18d | 22d | 1mo 10dMar 2025 - Apr 2025 | 2025 selloff2025 |
-10.85%Nov 2025 | 1mo 16d | 1mo 12d | 2mo 28dOct 2025 - Jan 2026 | — |
-7.21%Jan 2025 | 1mo 21d | 1mo 17d | 3mo 8dNov 2024 - Feb 2025 | — |
-7.16%Feb 2026 | 16d | 15d | 1mo 1dJan 2026 - Feb 2026 | — |
Drawdown Indicators
| NATO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -56.78% | +40.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -9.10% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.05% | -1.58% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -10.70% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 2.14% | +4.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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