MSBHF vs. NATO.L

Last updated Jun 4, 2026

MSBHF (Mitsubishi Corp) is a stock, 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, MSBHF returned 64.15% vs 20.56% for NATO.L. At a 0.13 correlation, their price movements are largely independent.

Performance

MSBHF vs. NATO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mitsubishi Corp (MSBHF) 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, MSBHF achieves a 43.17% return, which is significantly higher than NATO.L's 13.05% return.

MSBHF

• 1D: 4.98%
• 1M: -2.95%
• YTD: 43.17%
• 6M: 37.76%
• 1Y: 64.15%
• 3Y*: 35.22%
• 5Y*: 32.24%
• 10Y*: 23.29%

NATO.L

• 1D: -0.78%
• 1M: 8.86%
• YTD: 13.05%
• 6M: 17.53%
• 1Y: 20.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSBHF vs. NATO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSBHF Mitsubishi Corp	43.17%	45.58%	4.78%	-1.49%
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	13.05%	54.83%	31.99%	16.64%

Correlation

The correlation between MSBHF and NATO.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023	0.13

Return for Risk

MSBHF vs. NATO.L — Risk / Return Rank

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

MSBHF

MSBHF Risk / Return Rank: 86
MSBHF Sharpe Ratio Rank: 87
MSBHF Sortino Ratio Rank: 84
MSBHF Omega Ratio Rank: 82
MSBHF Calmar Ratio Rank: 86
MSBHF Martin Ratio Rank: 91

NATO.L

NATO.L Risk / Return Rank: 28
NATO.L Sharpe Ratio Rank: 28
NATO.L Sortino Ratio Rank: 28
NATO.L Omega Ratio Rank: 26
NATO.L Calmar Ratio Rank: 32
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.

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

This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Corp (MSBHF) 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.

	MSBHF	NATO.L	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.02	+0.92
Sortino ratio Return per unit of downside risk	2.62	1.53	+1.09
Omega ratio Gain probability vs. loss probability	1.33	1.18	+0.14
Calmar ratio Return relative to maximum drawdown	3.57	1.60	+1.97
Martin ratio Return relative to average drawdown	13.16	3.91	+9.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSBHF vs. NATO.L - Sharpe Ratio Comparison

The current MSBHF Sharpe Ratio is 1.94, which is higher than the NATO.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of MSBHF 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.

Sharpe Ratios by Period

	MSBHF	NATO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.02	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.46	-1.16

Drawdowns

MSBHF vs. NATO.L - Drawdown Comparison

The maximum MSBHF drawdown since its inception was -66.05%, which is greater than NATO.L's maximum drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for MSBHF and NATO.L.

Drawdown Indicators

	MSBHF	NATO.L	Difference
Max Drawdown Largest peak-to-trough decline	-66.05%	-21.84%	-44.21%
Max Drawdown (1Y) Largest decline over 1 year	-18.05%	-12.79%	-5.26%
Max Drawdown (3Y) Largest decline over 3 years	-32.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.81%	—	—
Current Drawdown Current decline from peak	-12.44%	-2.14%	-10.30%
Average Drawdown Average peak-to-trough decline	-24.37%	-2.63%	-21.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	5.25%	-0.36%

Volatility

MSBHF vs. NATO.L - Volatility Comparison

Mitsubishi Corp (MSBHF) has a higher volatility of 14.99% compared to HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) at 6.19%. This indicates that MSBHF'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

	MSBHF	NATO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.99%	6.19%	+8.80%
Volatility (6M) Calculated over the trailing 6-month period	26.46%	15.99%	+10.47%
Volatility (1Y) Calculated over the trailing 1-year period	33.27%	20.05%	+13.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.09%	27.57%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.50%	27.57%	+0.93%

Dividends

MSBHF vs. NATO.L - Dividend Comparison

MSBHF's dividend yield for the trailing twelve months is around 2.19%, while NATO.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSBHF Mitsubishi Corp	2.19%	3.05%	3.54%	3.03%	3.46%	3.84%	5.07%	4.56%	3.64%	1.42%	1.39%
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

MSBHF and NATO.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.