NATO vs. MKC
NATO (Themes Transatlantic Defense ETF) is Aerospace & Defense fund tracking the Solactive Transatlantic Aerospace and Defense Index, while MKC (McCormick & Company, Incorporated) is a stock. Over the past year, NATO returned 17.50% vs -31.93% for MKC. At a 0.05 correlation, their price movements are largely independent.
Performance
NATO vs. MKC - Performance Comparison
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Returns By Period
In the year-to-date period, NATO achieves a 4.09% return, which is significantly higher than MKC's -27.49% return.
NATO
- 1D
- -0.90%
- 1M
- 5.95%
- YTD
- 4.09%
- 6M
- 7.29%
- 1Y
- 17.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MKC
- 1D
- -0.57%
- 1M
- 5.61%
- YTD
- -27.49%
- 6M
- -25.55%
- 1Y
- -31.93%
- 3Y*
- -16.44%
- 5Y*
- -9.29%
- 10Y*
- 1.82%
NATO vs. MKC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NATO Themes Transatlantic Defense ETF | 4.09% | 50.95% | 0.51% |
MKC McCormick & Company, Incorporated | -27.49% | -8.33% | -3.88% |
Correlation
The correlation between NATO and MKC is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.05 |
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Return for Risk
NATO vs. MKC — Risk / Return Rank
NATO
MKC
NATO vs. MKC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Transatlantic Defense ETF (NATO) and McCormick & Company, Incorporated (MKC). 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 | MKC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.80 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.85 | +1.98 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.69 | +4.49 |
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Drawdowns
NATO vs. MKC - Drawdown Comparison
The maximum NATO drawdown since its inception was -15.99%, smaller than the maximum MKC drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for NATO and MKC.
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Drawdown Indicators
| NATO | MKC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -52.02% | +36.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -39.50% | +23.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.02% | — |
Current DrawdownCurrent decline from peak | -9.97% | -48.49% | +38.52% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -11.03% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 19.92% | -13.48% |
Volatility
NATO vs. MKC - Volatility Comparison
Themes Transatlantic Defense ETF (NATO) has a higher volatility of 8.57% compared to McCormick & Company, Incorporated (MKC) at 6.12%. This indicates that NATO's price experiences larger fluctuations and is considered to be riskier than MKC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NATO | MKC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 6.12% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 23.28% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 28.06% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 24.34% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 24.17% | -1.36% |
Dividends
NATO vs. MKC - Dividend Comparison
NATO's dividend yield for the trailing twelve months is around 0.43%, less than MKC's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKC McCormick & Company, Incorporated | 3.80% | 2.69% | 2.24% | 2.32% | 1.81% | 1.44% | 1.68% | 1.37% | 1.53% | 1.89% | 1.89% | 1.91% |
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 MKC have a correlation of -0.04, 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 MKC (6.12%). In terms of maximum drawdown, NATO dropped -15.99% vs MKC's -52.02%.
NATO currently has the higher Sharpe Ratio (0.85 vs -1.20), 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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