ASWC.DE vs. HO.PA
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) is Aerospace & Defense fund tracking the EQM Future of Defence Index, while HO.PA (Thales S.A.) is a stock. Over the past year, ASWC.DE returned 18.25% vs -4.27% for HO.PA. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
ASWC.DE vs. HO.PA - Performance Comparison
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Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly higher than HO.PA's 3.52% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 8.50%
- YTD
- 13.04%
- 6M
- 13.30%
- 1Y
- 18.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HO.PA
- 1D
- -1.30%
- 1M
- 6.35%
- YTD
- 3.52%
- 6M
- 2.94%
- 1Y
- -4.27%
- 3Y*
- 23.04%
- 5Y*
- 24.78%
- 10Y*
- 14.73%
ASWC.DE vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
HO.PA Thales S.A. | 3.52% | 68.36% | 5.76% | -1.22% |
Correlation
The correlation between ASWC.DE and HO.PA is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.50 |
The correlation between ASWC.DE and HO.PA has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.
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Return for Risk
ASWC.DE vs. HO.PA — Risk / Return Rank
ASWC.DE
HO.PA
ASWC.DE vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and Thales S.A. (HO.PA). 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.
| ASWC.DE | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.22 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.10 | -0.42 | +3.52 |
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Drawdowns
ASWC.DE vs. HO.PA - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum HO.PA drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and HO.PA.
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Drawdown Indicators
| ASWC.DE | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -53.77% | +41.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -19.60% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.77% | — |
Current DrawdownCurrent decline from peak | -2.83% | -12.48% | +9.65% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -15.83% | +13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 10.02% | -4.51% |
Volatility
ASWC.DE vs. HO.PA - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) is 5.89%, while Thales S.A. (HO.PA) has a volatility of 7.80%. This indicates that ASWC.DE experiences smaller price fluctuations and is considered to be less risky than HO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 7.80% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 23.68% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 31.09% | -10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 28.21% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 27.58% | -8.47% |
Dividends
ASWC.DE vs. HO.PA - Dividend Comparison
ASWC.DE has not paid dividends to shareholders, while HO.PA's dividend yield for the trailing twelve months is around 1.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HO.PA Thales S.A. | 1.66% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
Frequently Asked Questions
ASWC.DE and HO.PA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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