Correlation
The correlation between NATO.L and SHLD is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
NATO.L vs. SHLD
Compare and contrast key facts about HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) and Global X Defense Tech ETF (SHLD).
NATO.L and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NATO.L is a passively managed fund by HANetf that tracks the performance of the EQM Future of Defence Index. It was launched on Jul 4, 2023. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both NATO.L and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NATO.L or SHLD.
Performance
NATO.L vs. SHLD - Performance Comparison
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Key characteristics
NATO.L:
2.95
SHLD:
3.26
NATO.L:
3.92
SHLD:
4.10
NATO.L:
1.54
SHLD:
1.61
NATO.L:
4.94
SHLD:
6.40
NATO.L:
22.16
SHLD:
18.73
NATO.L:
2.87%
SHLD:
3.73%
NATO.L:
21.48%
SHLD:
22.01%
NATO.L:
-21.84%
SHLD:
-10.92%
NATO.L:
-0.84%
SHLD:
0.00%
Returns By Period
In the year-to-date period, NATO.L achieves a 42.91% return, which is significantly lower than SHLD's 52.47% return.
NATO.L
42.91%
6.62%
38.90%
63.58%
N/A
N/A
N/A
SHLD
52.47%
6.96%
45.60%
68.24%
N/A
N/A
N/A
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NATO.L vs. SHLD - Expense Ratio Comparison
NATO.L has a 0.49% expense ratio, which is lower than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
NATO.L vs. SHLD — Risk-Adjusted Performance Rank
NATO.L
SHLD
NATO.L vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) and Global X Defense Tech ETF (SHLD). 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.
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Dividends
NATO.L vs. SHLD - Dividend Comparison
NATO.L has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.35%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.35% | 0.53% | 0.26% |
Drawdowns
NATO.L vs. SHLD - Drawdown Comparison
The maximum NATO.L drawdown since its inception was -21.84%, which is greater than SHLD's maximum drawdown of -10.92%. Use the drawdown chart below to compare losses from any high point for NATO.L and SHLD.
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Volatility
NATO.L vs. SHLD - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) is 5.13%, while Global X Defense Tech ETF (SHLD) has a volatility of 6.35%. This indicates that NATO.L experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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