NATP.L vs. ^GSPC

Last updated Jun 24, 2026

NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) is Aerospace & Defense fund tracking the EQM Future of Defence Index, while ^GSPC (S&P 500 Index) is an index. Over the past year, NATP.L returned 15.08% vs 25.30% for ^GSPC. At a 0.38 correlation, their price movements are largely independent.

Performance

NATP.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NATP.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with NATP.L having a 9.49% return and ^GSPC slightly higher at 9.89%.

NATP.L

• 1D: 0.00%
• 1M: -1.93%
• YTD: 9.49%
• 6M: 8.80%
• 1Y: 15.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -1.33%
• 1M: 0.35%
• YTD: 9.89%
• 6M: 9.22%
• 1Y: 25.30%
• 3Y*: 17.75%
• 5Y*: 12.74%
• 10Y*: 14.13%

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

NATP.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NATP.L HANetf Future of Defence UCITS ETF Acc GBP	9.49%	43.73%	34.66%	15.24%
^GSPC S&P 500 Index	9.89%	8.10%	25.46%	6.70%

Correlation

The correlation between NATP.L and ^GSPC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023	0.38

Return for Risk

NATP.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NATP.L

NATP.L Risk / Return Rank: 17
NATP.L Sharpe Ratio Rank: 14
NATP.L Sortino Ratio Rank: 17
NATP.L Omega Ratio Rank: 27
NATP.L Calmar Ratio Rank: 14
NATP.L Martin Ratio Rank: 12

^GSPC

^GSPC Risk / Return Rank: 61
^GSPC Sharpe Ratio Rank: 58
^GSPC Sortino Ratio Rank: 57
^GSPC Omega Ratio Rank: 62
^GSPC Calmar Ratio Rank: 57
^GSPC Martin Ratio Rank: 72

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.

NATP.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) and S&P 500 Index (^GSPC). 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.

	NATP.L	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.09	-1.77
Sortino ratio: Return per unit of downside risk	0.86	2.73	-1.87
Omega ratio: Gain probability vs. loss probability	1.18	1.39	-0.21
Calmar ratio: Return relative to maximum drawdown	0.47	3.16	-2.69
Martin ratio: Return relative to average drawdown	0.73	11.62	-10.88

NATP.L vs. ^GSPC - Sharpe Ratio Comparison

The current NATP.L Sharpe Ratio is 0.33, which is lower than the ^GSPC Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of NATP.L and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NATP.L vs. ^GSPC - Drawdown Comparison

The maximum NATP.L drawdown since its inception was -32.07%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for NATP.L and ^GSPC.

Drawdown Indicators

	NATP.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-37.07%	+5.00%
Max Drawdown (1Y) Largest decline over 1 year	-32.07%	-8.03%	-24.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.01%	—
Current Drawdown Current decline from peak	-22.94%	-1.33%	-21.61%
Average Drawdown Average peak-to-trough decline	-6.67%	-5.30%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.52%	2.18%	+18.34%

Volatility

NATP.L vs. ^GSPC - Volatility Comparison

HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) has a higher volatility of 6.27% compared to S&P 500 Index (^GSPC) at 4.70%. This indicates that NATP.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NATP.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.70%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	15.60%	9.17%	+6.43%
Volatility (1Y) Calculated over the trailing 1-year period	46.33%	12.16%	+34.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.39%	15.98%	+14.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.39%	18.11%	+12.28%

Frequently Asked Questions

Can I hold both NATP.L and ^GSPC in my portfolio?

NATP.L and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.