NATO vs. DUK
NATO (Themes Transatlantic Defense ETF) is Aerospace & Defense fund tracking the Solactive Transatlantic Aerospace and Defense Index, while DUK (Duke Energy Corporation) is a stock. Over the past year, NATO returned 17.50% vs 10.99% for DUK. At a 0.02 correlation, their price movements are largely independent.
Performance
NATO vs. DUK - Performance Comparison
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Returns By Period
In the year-to-date period, NATO achieves a 4.09% return, which is significantly lower than DUK's 8.77% return.
NATO
- 1D
- -0.90%
- 1M
- 5.95%
- YTD
- 4.09%
- 6M
- 7.29%
- 1Y
- 17.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DUK
- 1D
- 0.91%
- 1M
- 3.62%
- YTD
- 8.77%
- 6M
- 10.57%
- 1Y
- 10.99%
- 3Y*
- 15.72%
- 5Y*
- 8.32%
- 10Y*
- 8.62%
NATO vs. DUK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NATO Themes Transatlantic Defense ETF | 4.09% | 50.95% | 0.51% |
DUK Duke Energy Corporation | 8.77% | 12.72% | -3.85% |
Correlation
The correlation between NATO and DUK is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.02 |
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Return for Risk
NATO vs. DUK — Risk / Return Rank
NATO
DUK
NATO vs. DUK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Transatlantic Defense ETF (NATO) and Duke Energy Corporation (DUK). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NATO | DUK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.98 | +0.15 |
| Martin ratioReturn relative to average drawdown | 2.81 | 2.32 | +0.48 |
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Drawdowns
NATO vs. DUK - Drawdown Comparison
The maximum NATO drawdown since its inception was -15.99%, smaller than the maximum DUK drawdown of -71.92%. Use the drawdown chart below to compare losses from any high point for NATO and DUK.
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Drawdown Indicators
| NATO | DUK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -71.92% | +55.93% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -10.88% | -5.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.37% | — |
Current DrawdownCurrent decline from peak | -9.97% | -5.28% | -4.69% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -10.85% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 4.57% | +1.87% |
Volatility
NATO vs. DUK - Volatility Comparison
Themes Transatlantic Defense ETF (NATO) has a higher volatility of 8.57% compared to Duke Energy Corporation (DUK) at 5.62%. This indicates that NATO's price experiences larger fluctuations and is considered to be riskier than DUK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NATO | DUK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 5.62% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 11.13% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 14.73% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 17.84% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 20.40% | +2.41% |
Dividends
NATO vs. DUK - Dividend Comparison
NATO's dividend yield for the trailing twelve months is around 0.43%, less than DUK's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUK Duke Energy Corporation | 3.69% | 3.60% | 3.84% | 4.18% | 3.86% | 3.72% | 4.17% | 4.11% | 4.21% | 4.15% | 4.33% | 4.54% |
NATO Themes Transatlantic Defense ETF | 0.43% | 0.45% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NATO and DUK have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NATO has higher volatility (8.57%) compared to DUK (5.62%). In terms of maximum drawdown, NATO dropped -15.99% vs DUK's -71.92%.
NATO currently has the higher Sharpe Ratio (0.85 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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