NATO.L vs. UETW.DE

Last updated Apr 3, 2026

Compare and contrast key facts about HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE).

NATO.L and UETW.DE 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. UETW.DE is a passively managed fund by UBS that tracks the performance of the MSCI World. It was launched on Jun 7, 2019. Both NATO.L and UETW.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NATO.L vs. UETW.DE - 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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). The values are adjusted to include any dividend payments, if applicable.

NATO.L vs. UETW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NATO.L HANetf Future of Defence UCITS ETF - Accumulating	7.27%	54.83%	31.99%	16.64%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	-2.97%	21.99%	19.27%	7.24%

Different Trading Currencies

NATO.L is traded in USD, while UETW.DE is traded in EUR. To make them comparable, the UETW.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 7.27% return, which is significantly higher than UETW.DE's -2.97% return.

NATO.L

• 1D: 0.51%
• 1M: -1.36%
• YTD: 7.27%
• 6M: 0.17%
• 1Y: 37.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UETW.DE

• 1D: 1.67%
• 1M: -2.66%
• YTD: -2.97%
• 6M: 0.33%
• 1Y: 19.65%
• 3Y*: 17.34%
• 5Y*: 10.35%
• 10Y*: —

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

NATO.L vs. UETW.DE - Expense Ratio Comparison

NATO.L has a 0.49% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.

NATO.L

HANetf Future of Defence UCITS ETF - Accumulating

UETW.DE

UBS ETF (IE) MSCI World UCITS ETF (USD) Acc

Return for Risk

NATO.L vs. UETW.DE — 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: 79
NATO.L Sharpe Ratio Rank: 81
NATO.L Sortino Ratio Rank: 83
NATO.L Omega Ratio Rank: 75
NATO.L Calmar Ratio Rank: 85
NATO.L Martin Ratio Rank: 69

UETW.DE

UETW.DE Risk / Return Rank: 56
UETW.DE Sharpe Ratio Rank: 39
UETW.DE Sortino Ratio Rank: 36
UETW.DE Omega Ratio Rank: 40
UETW.DE Calmar Ratio Rank: 83
UETW.DE Martin Ratio Rank: 82

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. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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	UETW.DE	Difference
Sharpe ratio Return per unit of total volatility	1.65	1.22	+0.44
Sortino ratio Return per unit of downside risk	2.32	1.74	+0.58
Omega ratio Gain probability vs. loss probability	1.30	1.25	+0.04
Calmar ratio Return relative to maximum drawdown	2.93	2.80	+0.13
Martin ratio Return relative to average drawdown	8.13	11.99	-3.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NATO.L vs. UETW.DE - Sharpe Ratio Comparison

The current NATO.L Sharpe Ratio is 1.65, which is higher than the UETW.DE Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of NATO.L and UETW.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NATO.L	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.22	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.72	+0.73

Correlation

The correlation between NATO.L and UETW.DE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NATO.L vs. UETW.DE - Dividend Comparison

Neither NATO.L nor UETW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NATO.L vs. UETW.DE - Drawdown Comparison

The maximum NATO.L drawdown since its inception was -21.84%, smaller than the maximum UETW.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for NATO.L and UETW.DE.

Drawdown Indicators

	NATO.L	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-33.72%	+11.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	-8.33%	-4.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.30%	—
Current Drawdown Current decline from peak	-5.56%	-3.95%	-1.61%
Average Drawdown Average peak-to-trough decline	-2.45%	-4.73%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	1.72%	+2.89%

Volatility

NATO.L vs. UETW.DE - Volatility Comparison

HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) has a higher volatility of 7.89% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 4.36%. This indicates that NATO.L's price experiences larger fluctuations and is considered to be riskier than UETW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NATO.L	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.89%	4.36%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	15.60%	8.59%	+7.01%
Volatility (1Y) Calculated over the trailing 1-year period	22.48%	16.09%	+6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.86%	15.41%	+12.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.86%	17.27%	+10.59%