NATO.L vs. ASWC.DE
NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) and ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) are both Aerospace & Defense funds from HANetf tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, NATO.L returned 20.56% vs 21.63% for ASWC.DE. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
NATO.L vs. ASWC.DE - Performance Comparison
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Different Trading Currencies
NATO.L is traded in USD, while ASWC.DE is traded in EUR. To make them comparable, the ASWC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NATO.L achieves a 13.05% return, which is significantly lower than ASWC.DE's 13.72% return.
NATO.L
- 1D
- -0.78%
- 1M
- 8.86%
- YTD
- 13.05%
- 6M
- 17.53%
- 1Y
- 20.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASWC.DE
- 1D
- -1.42%
- 1M
- 9.29%
- YTD
- 13.72%
- 6M
- 18.38%
- 1Y
- 21.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NATO.L vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 13.05% | 54.83% | 31.99% | 16.08% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.72% | 56.13% | 31.39% | 16.03% |
Correlation
The correlation between NATO.L and ASWC.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.90 |
The correlation between NATO.L and ASWC.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
NATO.L vs. ASWC.DE — Risk / Return Rank
NATO.L
ASWC.DE
NATO.L vs. ASWC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE). 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.
| NATO.L | ASWC.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.08 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.61 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.72 | -0.12 |
Martin ratioReturn relative to average drawdown | 3.91 | 4.18 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NATO.L | ASWC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.08 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 2.08 | -0.62 |
Drawdowns
NATO.L vs. ASWC.DE - Drawdown Comparison
The maximum NATO.L drawdown since its inception was -21.84%, which is greater than ASWC.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for NATO.L and ASWC.DE.
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Drawdown Indicators
| NATO.L | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.84% | -12.88% | -8.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.88% | +0.09% |
Current DrawdownCurrent decline from peak | -2.14% | -1.42% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -2.59% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 5.31% | -0.06% |
Volatility
NATO.L vs. ASWC.DE - Volatility Comparison
HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) has a higher volatility of 6.19% compared to HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) at 5.78%. This indicates that NATO.L's price experiences larger fluctuations and is considered to be riskier than ASWC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NATO.L | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.78% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 15.94% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 20.45% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 19.46% | +8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.57% | 19.46% | +8.11% |
NATO.L vs. ASWC.DE - Expense Ratio Comparison
Both NATO.L and ASWC.DE have an expense ratio of 0.49%.
Dividends
NATO.L vs. ASWC.DE - Dividend Comparison
Neither NATO.L nor ASWC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, NATO.L and ASWC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NATO.L and ASWC.DE have the same expense ratio: 0.49% per year.
Both ETFs track EQM Future of Defence Index.
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