ARMY vs. WAR

Last updated Jun 24, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and WAR (U.S. Global Technology and Aerospace & Defense ETF) are both Aerospace & Defense funds. ARMY is passively managed, while WAR is actively managed. At a 0.36 correlation, their price movements are largely independent. ARMY charges 0.39%/yr vs 0.60%/yr for WAR.

Performance

ARMY vs. WAR - 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 U.S. Global Technology and Aerospace & Defense ETF (WAR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARMY is traded in EUR, while WAR is traded in USD. To make them comparable, the WAR values have been converted to EUR using the latest available exchange rates.

Returns By Period

ARMY

• 1D: -0.05%
• 1M: -6.35%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WAR

• 1D: -4.29%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMY vs. WAR - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	-6.35%
WAR U.S. Global Technology and Aerospace & Defense ETF	-2.23%

Correlation

The correlation between ARMY and WAR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.36

Return for Risk

ARMY vs. WAR - 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 U.S. Global Technology and Aerospace & Defense ETF (WAR). 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.

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.

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

Drawdowns

ARMY vs. WAR - Drawdown Comparison

The maximum ARMY drawdown since its inception was -13.11%, which is greater than WAR's maximum drawdown of -12.41%. Use the drawdown chart below to compare losses from any high point for ARMY and WAR.

Drawdown Indicators

	ARMY	WAR	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-12.41%	-0.70%
Current Drawdown Current decline from peak	-12.09%	-8.36%	-3.73%
Average Drawdown Average peak-to-trough decline	-6.07%	-4.93%	-1.14%

Volatility

Volatility by Period

	ARMY	WAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.17%	50.56%	-18.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.17%	50.56%	-18.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.17%	50.56%	-18.39%

ARMY vs. WAR - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is lower than WAR's 0.60% expense ratio.

Dividends

ARMY vs. WAR - Dividend Comparison

Neither ARMY nor WAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARMY and WAR in my portfolio?

ARMY and WAR have a correlation of 0.36, 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 WAR?

On fees, ARMY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or WAR?

ARMY is cheaper with a 0.39% expense ratio, compared with 0.60% for WAR.

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

ARMY and WAR have nearly identical dividend yields, around 0.00%.

What is the main difference between ARMY and WAR?

They also come from different issuers: HANetf and US Global. Their fees differ too: 0.39% for ARMY and 0.60% for WAR.