NATO.L vs. NATP.L
NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) and NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) 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 20.19% for NATP.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
NATO.L vs. NATP.L - Performance Comparison
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Different Trading Currencies
NATO.L is traded in USD, while NATP.L is traded in GBp. To make them comparable, the NATP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with NATO.L having a 13.05% return and NATP.L slightly lower at 12.88%.
NATO.L
- 1D
- -0.78%
- 1M
- 8.86%
- YTD
- 13.05%
- 6M
- 17.53%
- 1Y
- 20.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NATP.L
- 1D
- -0.95%
- 1M
- 9.03%
- YTD
- 12.88%
- 6M
- 17.18%
- 1Y
- 20.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NATO.L vs. NATP.L - 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% |
NATP.L HANetf Future of Defence UCITS ETF Acc GBP | 12.88% | 54.58% | 32.42% | 16.01% |
Correlation
The correlation between NATO.L and NATP.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.94 |
The correlation between NATO.L and NATP.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
NATO.L vs. NATP.L — Risk / Return Rank
NATO.L
NATP.L
NATO.L vs. NATP.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 HANetf Future of Defence UCITS ETF Acc GBP (NATP.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 | NATP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.02 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.54 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.58 | +0.03 |
Martin ratioReturn relative to average drawdown | 3.91 | 3.80 | +0.11 |
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 | NATP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.02 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 2.11 | -0.65 |
Drawdowns
NATO.L vs. NATP.L - Drawdown Comparison
The maximum NATO.L drawdown since its inception was -21.84%, which is greater than NATP.L's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for NATO.L and NATP.L.
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Drawdown Indicators
| NATO.L | NATP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.84% | -13.60% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.76% | -0.03% |
Current DrawdownCurrent decline from peak | -2.14% | -2.20% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -2.62% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 5.30% | -0.05% |
Volatility
NATO.L vs. NATP.L - 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 GBP (NATP.L) at 5.80%. This indicates that NATO.L's price experiences larger fluctuations and is considered to be riskier than NATP.L 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 | NATP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.80% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 15.74% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 19.79% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 19.23% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.57% | 19.23% | +8.34% |
NATO.L vs. NATP.L - Expense Ratio Comparison
Both NATO.L and NATP.L have an expense ratio of 0.49%.
Dividends
NATO.L vs. NATP.L - Dividend Comparison
Neither NATO.L nor NATP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, NATO.L and NATP.L 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 NATP.L have the same expense ratio: 0.49% per year.
Both ETFs track EQM Future of Defence Index.
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