ESIN.L vs. NATO.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.L).

ESIN.L and NATO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESIN.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Materials NR USD. It was launched on May 14, 2021. NATO.L is a passively managed fund by HANetf that tracks the performance of the EQM Future of Defence Index. It was launched on Jul 4, 2023. Both ESIN.L and NATO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ESIN.L vs. NATO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.L). The values are adjusted to include any dividend payments, if applicable.

ESIN.L vs. NATO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ESIN.L iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc	2.26%	31.04%	9.74%	10.50%
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	8.49%	43.80%	34.30%	16.26%

Different Trading Currencies

ESIN.L is traded in GBP, while NATO.L is traded in USD. To make them comparable, the NATO.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESIN.L achieves a 2.26% return, which is significantly lower than NATO.L's 4.02% return.

ESIN.L

• 1D: 3.87%
• 1M: -6.77%
• YTD: 2.26%
• 6M: 3.94%
• 1Y: 22.26%
• 3Y*: 17.90%
• 5Y*: —
• 10Y*: —

NATO.L

• 1D: 0.00%
• 1M: -6.20%
• YTD: 4.02%
• 6M: -2.09%
• 1Y: 27.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ESIN.L vs. NATO.L - Expense Ratio Comparison

ESIN.L has a 0.18% expense ratio, which is lower than NATO.L's 0.49% expense ratio.

NATO.L

HANetf Future of Defence UCITS ETF - Accumulating

ESIN.L

iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc

Return for Risk

ESIN.L vs. NATO.L — Risk / Return Rank

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

ESIN.L

ESIN.L Risk / Return Rank: 61
ESIN.L Sharpe Ratio Rank: 64
ESIN.L Sortino Ratio Rank: 62
ESIN.L Omega Ratio Rank: 58
ESIN.L Calmar Ratio Rank: 59
ESIN.L Martin Ratio Rank: 60

NATO.L

NATO.L Risk / Return Rank: 80
NATO.L Sharpe Ratio Rank: 81
NATO.L Sortino Ratio Rank: 83
NATO.L Omega Ratio Rank: 75
NATO.L Calmar Ratio Rank: 87
NATO.L Martin Ratio Rank: 72

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.

ESIN.L vs. NATO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.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.

	ESIN.L	NATO.L	Difference
Sharpe ratio Return per unit of total volatility	1.17	1.30	-0.13
Sortino ratio Return per unit of downside risk	1.65	1.87	-0.22
Omega ratio Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio Return relative to maximum drawdown	1.63	2.48	-0.86
Martin ratio Return relative to average drawdown	6.45	6.22	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIN.L vs. NATO.L - Sharpe Ratio Comparison

The current ESIN.L Sharpe Ratio is 1.17, which is comparable to the NATO.L Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of ESIN.L and NATO.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ESIN.L	NATO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.30	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.32	-0.63

Correlation

The correlation between ESIN.L and NATO.L is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ESIN.L vs. NATO.L - Dividend Comparison

Neither ESIN.L nor NATO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ESIN.L vs. NATO.L - Drawdown Comparison

The maximum ESIN.L drawdown since its inception was -24.82%, which is greater than NATO.L's maximum drawdown of -21.71%. Use the drawdown chart below to compare losses from any high point for ESIN.L and NATO.L.

Drawdown Indicators

	ESIN.L	NATO.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.82%	-21.84%	-2.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-12.79%	-1.32%
Current Drawdown Current decline from peak	-8.65%	-6.04%	-2.61%
Average Drawdown Average peak-to-trough decline	-5.43%	-2.45%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	4.68%	-1.12%

Volatility

ESIN.L vs. NATO.L - Volatility Comparison

iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) has a higher volatility of 9.27% compared to HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) at 6.44%. This indicates that ESIN.L'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

	ESIN.L	NATO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	6.44%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	15.03%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	21.15%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	27.25%	-9.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	27.25%	-9.15%