NATO.L vs. FEPG.L

Last updated Jun 4, 2026

NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) and FEPG.L (REX Tech Innovation Premium Income UCITS ETF) are both exchange-traded funds - NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while FEPG.L is a Derivative Income fund actively managed by HANetf. NATO.L is passively managed, while FEPG.L is actively managed. At a 0.28 correlation, their price movements are largely independent. NATO.L charges 0.49%/yr vs 0.65%/yr for FEPG.L.

Performance

NATO.L vs. FEPG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) and REX Tech Innovation Premium Income UCITS ETF (FEPG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NATO.L achieves a 13.05% return, which is significantly higher than FEPG.L's -4.91% return.

NATO.L

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

FEPG.L

• 1D: -0.89%
• 1M: 6.41%
• YTD: -4.91%
• 6M: -7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	13.05%	2.93%
FEPG.L REX Tech Innovation Premium Income UCITS ETF	-4.91%	1.39%

Correlation

The correlation between NATO.L and FEPG.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 4, 2025	0.28

Return for Risk

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

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

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.

NATO.L vs. FEPG.L - 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 REX Tech Innovation Premium Income UCITS ETF (FEPG.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.

	NATO.L	FEPG.L	Difference
Sharpe ratio Return per unit of total volatility	1.02	—	—
Sortino ratio Return per unit of downside risk	1.53	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.60	—	—
Martin ratio Return relative to average drawdown	3.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NATO.L	FEPG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	-0.23	+1.69

Drawdowns

NATO.L vs. FEPG.L - Drawdown Comparison

The maximum NATO.L drawdown since its inception was -21.84%, smaller than the maximum FEPG.L drawdown of -23.44%. Use the drawdown chart below to compare losses from any high point for NATO.L and FEPG.L.

Drawdown Indicators

	NATO.L	FEPG.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-23.44%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	—	—
Current Drawdown Current decline from peak	-2.14%	-13.38%	+11.24%
Average Drawdown Average peak-to-trough decline	-2.63%	-9.60%	+6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	—	—

Volatility

Volatility by Period

	NATO.L	FEPG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.05%	17.33%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.57%	17.33%	+10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.57%	17.33%	+10.24%

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

NATO.L has a 0.49% expense ratio, which is lower than FEPG.L's 0.65% expense ratio.

Dividends

NATO.L vs. FEPG.L - Dividend Comparison

NATO.L has not paid dividends to shareholders, while FEPG.L's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025
FEPG.L REX Tech Innovation Premium Income UCITS ETF	0.28%	0.15%
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	0.00%	0.00%

Frequently Asked Questions

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

NATO.L and FEPG.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NATO.L or FEPG.L?

On fees, NATO.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NATO.L or FEPG.L?

NATO.L is cheaper with a 0.49% expense ratio, compared with 0.65% for FEPG.L.

What is the main difference between NATO.L and FEPG.L?

NATO.L is categorized as Aerospace & Defense, while FEPG.L is Derivative Income. Their fees differ too: 0.49% for NATO.L and 0.65% for FEPG.L.