4MMR.DE vs. NATO
4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) and NATO (Themes Transatlantic Defense ETF) are both Aerospace & Defense funds. Over the past year, 4MMR.DE returned 7.77% vs 12.86% for NATO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
4MMR.DE vs. NATO - Performance Comparison
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Different Trading Currencies
4MMR.DE is traded in EUR, while NATO is traded in USD. To make them comparable, the NATO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4MMR.DE achieves a -1.20% return, which is significantly lower than NATO's 3.92% return.
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.17%
- YTD
- -1.20%
- 6M
- 2.85%
- 1Y
- 7.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NATO
- 1D
- -0.76%
- 1M
- -0.25%
- YTD
- 3.92%
- 6M
- 9.05%
- 1Y
- 12.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE vs. NATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | 6.09% |
NATO Themes Transatlantic Defense ETF | 3.92% | 33.04% | 6.01% |
Correlation
The correlation between 4MMR.DE and NATO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.55 |
The correlation between 4MMR.DE and NATO has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
4MMR.DE vs. NATO — Risk / Return Rank
4MMR.DE
NATO
4MMR.DE vs. NATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Themes Transatlantic Defense ETF (NATO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 4MMR.DE | NATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.85 | -0.40 |
| Martin ratioReturn relative to average drawdown | 1.17 | 2.06 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4MMR.DE | NATO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.64 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.16 | +0.45 |
Drawdowns
4MMR.DE vs. NATO - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -19.79%, which is greater than NATO's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and NATO.
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Drawdown Indicators
| 4MMR.DE | NATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -15.19% | -4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -15.19% | -4.60% |
Current DrawdownCurrent decline from peak | -18.27% | -10.55% | -7.72% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.83% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 6.26% | +1.44% |
Volatility
4MMR.DE vs. NATO - Volatility Comparison
Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Themes Transatlantic Defense ETF (NATO) have volatilities of 6.27% and 6.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4MMR.DE | NATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 6.41% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 16.88% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 20.18% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 22.80% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 22.80% | +1.79% |
Dividends
4MMR.DE vs. NATO - Dividend Comparison
4MMR.DE has not paid dividends to shareholders, while NATO's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% |
NATO Themes Transatlantic Defense ETF | 0.44% | 0.45% | 0.08% |
Frequently Asked Questions
4MMR.DE and NATO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and Themes.
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