LSMC.DE vs. NATO.L

Last updated Jun 13, 2026

LSMC.DE (Amundi MSCI Semiconductors ESG Screened UCITS ETF) and NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) are both exchange-traded funds - LSMC.DE is a Semiconductors fund tracking the MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index, while NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, LSMC.DE returned 121.02% vs 17.30% for NATO.L. At a 0.44 correlation, their price movements are largely independent. LSMC.DE charges 0.45%/yr vs 0.49%/yr for NATO.L.

Performance

LSMC.DE vs. NATO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LSMC.DE 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, LSMC.DE achieves a 62.48% return, which is significantly higher than NATO.L's 11.99% return.

LSMC.DE

• 1D: 4.14%
• 1M: 7.04%
• YTD: 62.48%
• 6M: 68.29%
• 1Y: 121.02%
• 3Y*: 58.88%
• 5Y*: —
• 10Y*: —

NATO.L

• 1D: 0.00%
• 1M: 6.49%
• YTD: 11.99%
• 6M: 12.58%
• 1Y: 17.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LSMC.DE vs. NATO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LSMC.DE Amundi MSCI Semiconductors ESG Screened UCITS ETF	62.48%	32.60%	66.51%	13.90%
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	11.99%	36.45%	40.70%	15.33%

Correlation

The correlation between LSMC.DE and NATO.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.44

Return for Risk

LSMC.DE vs. NATO.L — Risk / Return Rank

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

LSMC.DE

LSMC.DE Risk / Return Rank: 95
LSMC.DE Sharpe Ratio Rank: 96
LSMC.DE Sortino Ratio Rank: 93
LSMC.DE Omega Ratio Rank: 92
LSMC.DE Calmar Ratio Rank: 97
LSMC.DE Martin Ratio Rank: 96

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.

LSMC.DE vs. NATO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) 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.

	LSMC.DE	NATO.L	Difference
Sharpe ratio: Return per unit of total volatility	3.84	0.84	+3.00
Sortino ratio: Return per unit of downside risk	4.16	1.29	+2.88
Omega ratio: Gain probability vs. loss probability	1.54	1.16	+0.38
Calmar ratio: Return relative to maximum drawdown	9.37	1.39	+7.98
Martin ratio: Return relative to average drawdown	29.27	3.11	+26.16

LSMC.DE vs. NATO.L - Sharpe Ratio Comparison

The current LSMC.DE Sharpe Ratio is 3.84, which is higher than the NATO.L Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of LSMC.DE 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

LSMC.DE vs. NATO.L - Drawdown Comparison

The maximum LSMC.DE drawdown since its inception was -39.64%, 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 LSMC.DE and NATO.L.

Drawdown Indicators

	LSMC.DE	NATO.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-13.59%	-26.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-12.37%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-36.22%	—	—
Current Drawdown Current decline from peak	-4.14%	-3.87%	-0.27%
Average Drawdown Average peak-to-trough decline	-11.43%	-2.53%	-8.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	5.56%	-1.44%

Volatility

LSMC.DE vs. NATO.L - Volatility Comparison

Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) has a higher volatility of 11.74% compared to HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) at 6.81%. This indicates that LSMC.DE'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

	LSMC.DE	NATO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.74%	6.81%	+4.93%
Volatility (6M) Calculated over the trailing 6-month period	23.59%	16.16%	+7.43%
Volatility (1Y) Calculated over the trailing 1-year period	31.34%	20.56%	+10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.33%	19.28%	+13.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.33%	19.28%	+13.05%

LSMC.DE vs. NATO.L - Expense Ratio Comparison

LSMC.DE has a 0.45% expense ratio, which is lower than NATO.L's 0.49% expense ratio.

Dividends

LSMC.DE vs. NATO.L - Dividend Comparison

Neither LSMC.DE nor NATO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LSMC.DE and NATO.L in my portfolio?

LSMC.DE and NATO.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LSMC.DE or NATO.L?

On fees, LSMC.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LSMC.DE or NATO.L?

LSMC.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for NATO.L.

What is the main difference between LSMC.DE and NATO.L?

LSMC.DE is categorized as Semiconductors, while NATO.L is Aerospace & Defense. LSMC.DE tracks MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index, while NATO.L tracks EQM Future of Defence Index. They also come from different issuers: Amundi and HANetf. Their fees differ too: 0.45% for LSMC.DE and 0.49% for NATO.L.