BCH-USD vs. NATO.L

Last updated Jun 13, 2026

BCH-USD (Bitcoin Cash) is a cryptocurrency, while NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) is Aerospace & Defense fund tracking the EQM Future of Defence Index. Over the past year, BCH-USD returned -52.28% vs 17.19% for NATO.L. At a 0.11 correlation, their price movements are largely independent.

Performance

BCH-USD vs. NATO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin Cash (BCH-USD) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCH-USD achieves a -66.18% return, which is significantly lower than NATO.L's 10.38% return.

BCH-USD

• 1D: -1.33%
• 1M: -53.36%
• YTD: -66.18%
• 6M: -65.21%
• 1Y: -52.28%
• 3Y*: 24.32%
• 5Y*: -19.90%
• 10Y*: —

NATO.L

• 1D: 0.00%
• 1M: 5.24%
• YTD: 10.38%
• 6M: 11.03%
• 1Y: 17.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCH-USD vs. NATO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BCH-USD Bitcoin Cash	-66.18%	38.15%	66.88%	-13.19%
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	10.38%	54.83%	31.99%	16.64%

Correlation

The correlation between BCH-USD and NATO.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.11

Return for Risk

BCH-USD vs. NATO.L — Risk / Return Rank

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

BCH-USD

BCH-USD Risk / Return Rank: 40
BCH-USD Sharpe Ratio Rank: 44
BCH-USD Sortino Ratio Rank: 51
BCH-USD Omega Ratio Rank: 49
BCH-USD Calmar Ratio Rank: 57
BCH-USD Martin Ratio Rank: 1

NATO.L

NATO.L Risk / Return Rank: 27
NATO.L Sharpe Ratio Rank: 27
NATO.L Sortino Ratio Rank: 27
NATO.L Omega Ratio Rank: 25
NATO.L Calmar Ratio Rank: 31
NATO.L Martin Ratio Rank: 27

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.

BCH-USD vs. NATO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin Cash (BCH-USD) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.L). 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.

	BCH-USD	NATO.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	0.85	-1.60
Sortino ratio: Return per unit of downside risk	-0.99	1.31	-2.31
Omega ratio: Gain probability vs. loss probability	0.90	1.15	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.74	1.34	-2.08
Martin ratio: Return relative to average drawdown	-2.25	3.23	-5.48

BCH-USD vs. NATO.L - Sharpe Ratio Comparison

The current BCH-USD Sharpe Ratio is -0.75, which is lower than the NATO.L Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of BCH-USD and NATO.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCH-USD vs. NATO.L - Drawdown Comparison

The maximum BCH-USD drawdown since its inception was -97.96%, which is greater than NATO.L's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for BCH-USD and NATO.L.

Drawdown Indicators

	BCH-USD	NATO.L	Difference
Max Drawdown Largest peak-to-trough decline	-97.96%	-12.87%	-85.09%
Max Drawdown (1Y) Largest decline over 1 year	-70.31%	-12.79%	-57.52%
Max Drawdown (3Y) Largest decline over 3 years	-72.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.64%	—	—
Current Drawdown Current decline from peak	-94.59%	-4.45%	-90.14%
Average Drawdown Average peak-to-trough decline	-86.07%	-2.59%	-83.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.17%	5.31%	+21.86%

Volatility

BCH-USD vs. NATO.L - Volatility Comparison

Bitcoin Cash (BCH-USD) has a higher volatility of 26.34% compared to HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) at 7.02%. This indicates that BCH-USD's price experiences larger fluctuations and is considered to be riskier than NATO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCH-USD	NATO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.34%	7.02%	+19.32%
Volatility (6M) Calculated over the trailing 6-month period	50.21%	16.02%	+34.19%
Volatility (1Y) Calculated over the trailing 1-year period	57.78%	20.17%	+37.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.17%	19.14%	+51.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.90%	19.14%	+78.76%

Frequently Asked Questions

Can I hold both BCH-USD and NATO.L in my portfolio?

BCH-USD and NATO.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.