EGLN.L vs. NATO.L
EGLN.L (iShares Physical Gold ETC) and NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, EGLN.L returned 24.31% vs 17.30% for NATO.L. At a 0.12 correlation, their price movements are largely independent. EGLN.L charges 0.25%/yr vs 0.49%/yr for NATO.L.
Performance
EGLN.L vs. NATO.L - Performance Comparison
Loading charts...
Different Trading Currencies
EGLN.L is traded in EUR, while NATO.L is traded in USD. To make them comparable, the NATO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EGLN.L achieves a -0.76% return, which is significantly lower than NATO.L's 11.99% return.
EGLN.L
- 1D
- 2.84%
- 1M
- -9.14%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 24.31%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
NATO.L
- 1D
- 0.00%
- 1M
- 6.49%
- YTD
- 11.99%
- 6M
- 12.58%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGLN.L vs. NATO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 6.14% |
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 11.99% | 36.45% | 40.70% | 15.33% |
Correlation
The correlation between EGLN.L and NATO.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EGLN.L vs. NATO.L — Risk / Return Rank
EGLN.L
NATO.L
EGLN.L vs. NATO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) 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.
| EGLN.L | NATO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.39 | -0.29 |
| Martin ratioReturn relative to average drawdown | 3.36 | 3.11 | +0.25 |
Loading charts...
Drawdowns
EGLN.L vs. NATO.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than NATO.L's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for EGLN.L and NATO.L.
Loading charts...
Drawdown Indicators
| EGLN.L | NATO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -13.59% | -33.85% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -12.37% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | — | — |
Current DrawdownCurrent decline from peak | -19.73% | -3.87% | -15.86% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -2.53% | -20.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 5.56% | +1.61% |
Volatility
EGLN.L vs. NATO.L - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) have volatilities of 6.72% and 6.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EGLN.L | NATO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 6.81% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 16.16% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 20.56% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 19.28% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 19.28% | -3.28% |
EGLN.L vs. NATO.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than NATO.L's 0.49% expense ratio.
Dividends
EGLN.L vs. NATO.L - Dividend Comparison
Neither EGLN.L nor NATO.L has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and NATO.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.49% for NATO.L.
EGLN.L is categorized as Gold, while NATO.L is Aerospace & Defense. EGLN.L tracks LBMA Gold Price, while NATO.L tracks EQM Future of Defence Index. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.25% for EGLN.L and 0.49% for NATO.L.
Find the right allocation for EGLN.L and NATO.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer