ARMY vs. NATO

Last updated Jun 3, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and NATO (Themes Transatlantic Defense ETF) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while NATO tracks the Solactive Transatlantic Aerospace and Defense Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. ARMY charges 0.39%/yr vs 0.35%/yr for NATO.

Performance

ARMY vs. NATO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Future of European Defence Screened UCITS ETF (ARMY) and Themes Transatlantic Defense ETF (NATO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARMY 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

ARMY

• 1D: -1.51%
• 1M: 1.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NATO

• 1D: -0.73%
• 1M: 4.56%
• YTD: 4.39%
• 6M: 10.29%
• 1Y: 13.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMY vs. NATO - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	0.10%
NATO Themes Transatlantic Defense ETF	1.90%

Correlation

The correlation between ARMY and NATO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.84

Return for Risk

ARMY vs. NATO — Risk / Return Rank

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

NATO

NATO Risk / Return Rank: 23
NATO Sharpe Ratio Rank: 23
NATO Sortino Ratio Rank: 23
NATO Omega Ratio Rank: 23
NATO Calmar Ratio Rank: 23
NATO Martin Ratio Rank: 23

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.

ARMY vs. NATO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of European Defence Screened UCITS ETF (ARMY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARMY	NATO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	1.18	-1.16

Drawdowns

ARMY vs. NATO - Drawdown Comparison

The maximum ARMY drawdown since its inception was -13.11%, smaller than the maximum NATO drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for ARMY and NATO.

Drawdown Indicators

	ARMY	NATO	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-15.19%	+2.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.19%	—
Current Drawdown Current decline from peak	-6.33%	-10.15%	+3.82%
Average Drawdown Average peak-to-trough decline	-5.27%	-3.78%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.15%	—

Volatility

Volatility by Period

	ARMY	NATO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.53%	20.03%	+12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.53%	22.79%	+9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.53%	22.79%	+9.74%

ARMY vs. NATO - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is higher than NATO's 0.35% expense ratio.

Dividends

ARMY vs. NATO - Dividend Comparison

ARMY has not paid dividends to shareholders, while NATO's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024
ARMY HANetf Future of European Defence Screened UCITS ETF	0.00%	0.00%	0.00%
NATO Themes Transatlantic Defense ETF	0.44%	0.45%	0.08%

Frequently Asked Questions

Can I hold both ARMY and NATO in my portfolio?

ARMY and NATO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMY or NATO?

On fees, NATO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or NATO?

NATO is cheaper with a 0.35% expense ratio, compared with 0.39% for ARMY.

Which ETF pays a higher dividend yield, ARMY or NATO?

NATO has the higher dividend yield at 0.44%, compared with 0.00% for ARMY.

What is the main difference between ARMY and NATO?

ARMY tracks VettaFi European Future of Defence Screened Index, while NATO tracks Solactive Transatlantic Aerospace and Defense Index. They also come from different issuers: HANetf and Themes. Their fees differ too: 0.39% for ARMY and 0.35% for NATO.