NATP.L vs. ARMY

Last updated Jun 4, 2026

NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) and ARMY (HANetf Future of European Defence Screened UCITS ETF) are both Aerospace & Defense funds from HANetf - NATP.L tracks the EQM Future of Defence Index while ARMY tracks the VettaFi European Future of Defence Screened Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. NATP.L charges 0.49%/yr vs 0.39%/yr for ARMY.

Performance

NATP.L vs. ARMY - 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 HANetf Future of European Defence Screened UCITS ETF (ARMY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

NATP.L

• 1D: -0.69%
• 1M: 10.19%
• YTD: 13.14%
• 6M: 16.55%
• 1Y: 20.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMY

• 1D: -2.47%
• 1M: -0.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NATP.L vs. ARMY - Yearly Performance Comparison

	2026 (YTD)
NATP.L HANetf Future of Defence UCITS ETF Acc GBP	8.72%
ARMY HANetf Future of European Defence Screened UCITS ETF	-3.39%

Correlation

The correlation between NATP.L and ARMY is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.67

Return for Risk

NATP.L vs. ARMY — 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: 30
NATP.L Sharpe Ratio Rank: 29
NATP.L Sortino Ratio Rank: 29
NATP.L Omega Ratio Rank: 29
NATP.L Calmar Ratio Rank: 37
NATP.L Martin Ratio Rank: 28

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. ARMY - 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 HANetf Future of European Defence Screened UCITS ETF (ARMY). 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.

	NATP.L	ARMY	Difference
Sharpe ratio: Return per unit of total volatility	1.08	—	—
Sortino ratio: Return per unit of downside risk	1.59	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	4.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NATP.L	ARMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	-0.57	+2.63

Drawdowns

NATP.L vs. ARMY - Drawdown Comparison

The maximum NATP.L drawdown since its inception was -11.66%, smaller than the maximum ARMY drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for NATP.L and ARMY.

Drawdown Indicators

	NATP.L	ARMY	Difference
Max Drawdown Largest peak-to-trough decline	-11.66%	-12.87%	+1.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	—	—
Current Drawdown Current decline from peak	-2.00%	-9.24%	+7.24%
Average Drawdown Average peak-to-trough decline	-2.36%	-5.65%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	—	—

Volatility

Volatility by Period

	NATP.L	ARMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.35%	32.09%	-12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	32.09%	-13.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	32.09%	-13.73%

NATP.L vs. ARMY - Expense Ratio Comparison

NATP.L has a 0.49% expense ratio, which is higher than ARMY's 0.39% expense ratio.

Dividends

NATP.L vs. ARMY - Dividend Comparison

Neither NATP.L nor ARMY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

NATP.L and ARMY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NATP.L or ARMY?

On fees, ARMY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NATP.L or ARMY?

ARMY is cheaper with a 0.39% expense ratio, compared with 0.49% for NATP.L.

What is the main difference between NATP.L and ARMY?

NATP.L tracks EQM Future of Defence Index, while ARMY tracks VettaFi European Future of Defence Screened Index. Their fees differ too: 0.49% for NATP.L and 0.39% for ARMY.