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NATO.L's Sortino Ratio of 1.42 indicates that for each unit of downside volatility, it generates 1.42 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

NATO.L Sortino Ratio Rank


NATO.L Sortino Ratio Rank: 27.027
Below Average

NATO.L ranks above 27.0% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Returns may not adequately compensate for downside risk taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better downside protection
  • Assess whether downside exposure aligns with your portfolio goals

NATO.L Sortino Ratio Market Positioning

The chart shows NATO.L's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.


  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 3.32
  • Green zone (top 25%): 3.32 or higher
  • Top 1%: 13.02+
  • Median: 2.40 — half of all investments score higher

How it compares to other similar ETFs

The table compares HANetf Future of Defence UCITS ETF - Accumulating's Sortino Ratio with other ETFs in the Aerospace & Defense category across multiple time periods, showing how NATO.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.


SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
DFNX.LVanEck Defense UCITS ETF4.06
IDFN.LInvesco Defence Innovation UCITS ETF Acc3.79
NATP.LHANetf Future of Defence UCITS ETF Acc GBP1.54
NATO.LHANetf Future of Defence UCITS ETF - Accumulating1.42
DFNG.LVanEck Defense ETF A USD Acc GBP1.15
DFNS.LVanEck Defense UCITS ETF1.08
WDEF.LWisdomTree Europe Defence UCITS ETF - EUR Acc EUR0.51
DRON.LDrone UCITS ETF Acc
DFEU.LiShares Europe Defence UCITS ETF EUR Accumulating

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows NATO.L's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NATO.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.


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