4MMR.DE vs. NATO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Themes Transatlantic Defense ETF (NATO).

4MMR.DE and NATO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 4MMR.DE is managed by Global X. NATO is a passively managed fund by Themes that tracks the performance of the Solactive Transatlantic Aerospace and Defense Index. It was launched on Oct 10, 2024.

Performance

4MMR.DE vs. NATO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Themes Transatlantic Defense ETF (NATO). The values are adjusted to include any dividend payments, if applicable.

4MMR.DE vs. NATO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating	14.51%	58.75%	6.09%
NATO Themes Transatlantic Defense ETF	6.35%	33.04%	6.01%

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 14.51% return, which is significantly higher than NATO's 6.35% return.

4MMR.DE

• 1D: 4.32%
• 1M: -2.93%
• YTD: 14.51%
• 6M: 7.98%
• 1Y: 47.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NATO

• 1D: 3.82%
• 1M: -8.45%
• YTD: 6.35%
• 6M: 4.37%
• 1Y: 29.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

4MMR.DE vs. NATO - Expense Ratio Comparison

NATO

Themes Transatlantic Defense ETF

Return for Risk

4MMR.DE vs. NATO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

4MMR.DE

4MMR.DE Risk / Return Rank: 87
4MMR.DE Sharpe Ratio Rank: 88
4MMR.DE Sortino Ratio Rank: 90
4MMR.DE Omega Ratio Rank: 82
4MMR.DE Calmar Ratio Rank: 92
4MMR.DE Martin Ratio Rank: 81

NATO

NATO Risk / Return Rank: 83
NATO Sharpe Ratio Rank: 83
NATO Sortino Ratio Rank: 85
NATO Omega Ratio Rank: 81
NATO Calmar Ratio Rank: 83
NATO Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.93	1.26	+0.67
Sortino ratio Return per unit of downside risk	2.70	1.81	+0.88
Omega ratio Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio Return relative to maximum drawdown	3.68	2.15	+1.53
Martin ratio Return relative to average drawdown	9.83	6.76	+3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

4MMR.DE vs. NATO - Sharpe Ratio Comparison

The current 4MMR.DE Sharpe Ratio is 1.93, which is higher than the NATO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of 4MMR.DE and NATO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	4MMR.DE	NATO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.26	+0.67
Sharpe Ratio (All Time) Calculated using the full available price history	2.38	1.43	+0.96

Correlation

The correlation between 4MMR.DE and NATO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 0.43%.

	TTM	2025	2024
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating	0.00%	0.00%	0.00%
NATO Themes Transatlantic Defense ETF	0.43%	0.45%	0.08%

Drawdowns

4MMR.DE vs. NATO - Drawdown Comparison

The maximum 4MMR.DE drawdown since its inception was -13.28%, smaller than the maximum NATO drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and NATO.

Drawdown Indicators

	4MMR.DE	NATO	Difference
Max Drawdown Largest peak-to-trough decline	-13.28%	-15.99%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-13.28%	-15.99%	+2.71%
Current Drawdown Current decline from peak	-5.28%	-9.41%	+4.13%
Average Drawdown Average peak-to-trough decline	-3.18%	-2.88%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	4.30%	+0.68%

Volatility

4MMR.DE vs. NATO - Volatility Comparison

The current volatility for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) is 7.80%, while Themes Transatlantic Defense ETF (NATO) has a volatility of 8.72%. This indicates that 4MMR.DE experiences smaller price fluctuations and is considered to be less risky than NATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	4MMR.DE	NATO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.80%	8.72%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	16.91%	15.41%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	23.43%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	22.55%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	22.55%	+2.29%