ARMY vs. XAD.TO
ARMY (HANetf Future of European Defence Screened UCITS ETF) and XAD.TO (iShares U.S. Aerospace & Defense Index ETF) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while XAD.TO tracks the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. A 0.65 correlation means they provide meaningful diversification when combined. ARMY charges 0.39%/yr vs 0.43%/yr for XAD.TO.
Performance
ARMY vs. XAD.TO - Performance Comparison
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Different Trading Currencies
ARMY is traded in EUR, while XAD.TO is traded in CAD. To make them comparable, the XAD.TO 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*
- —
XAD.TO
- 1D
- 0.79%
- 1M
- 6.78%
- YTD
- 13.53%
- 6M
- 12.10%
- 1Y
- 31.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMY vs. XAD.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARMY HANetf Future of European Defence Screened UCITS ETF | -4.09% |
XAD.TO iShares U.S. Aerospace & Defense Index ETF | 13.02% |
Correlation
The correlation between ARMY and XAD.TO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026 | 0.65 |
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Return for Risk
ARMY vs. XAD.TO — Risk / Return Rank
ARMY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XAD.TO
ARMY vs. XAD.TO - 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 iShares U.S. Aerospace & Defense Index ETF (XAD.TO). 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.
| ARMY | XAD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 5.27 | — |
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Drawdowns
ARMY vs. XAD.TO - Drawdown Comparison
The maximum ARMY drawdown since its inception was -13.11%, smaller than the maximum XAD.TO drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for ARMY and XAD.TO.
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Drawdown Indicators
| ARMY | XAD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -18.78% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.83% | — |
Current DrawdownCurrent decline from peak | -12.09% | -2.92% | -9.17% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -3.38% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.09% | — |
Volatility
ARMY vs. XAD.TO - Volatility Comparison
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Volatility by Period
| ARMY | XAD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.17% | 22.48% | +9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.17% | 22.21% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 22.21% | +9.96% |
ARMY vs. XAD.TO - Expense Ratio Comparison
ARMY has a 0.39% expense ratio, which is lower than XAD.TO's 0.43% expense ratio.
Dividends
ARMY vs. XAD.TO - Dividend Comparison
ARMY has not paid dividends to shareholders, while XAD.TO's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ARMY HANetf Future of European Defence Screened UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
XAD.TO iShares U.S. Aerospace & Defense Index ETF | 0.31% | 0.35% | 0.44% | 0.24% |
Frequently Asked Questions
ARMY and XAD.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ARMY is cheaper with a 0.39% expense ratio, compared with 0.43% for XAD.TO.
ARMY tracks VettaFi European Future of Defence Screened Index, while XAD.TO tracks Dow Jones U.S. Select Aerospace & Defense Index. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.39% for ARMY and 0.43% for XAD.TO.
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