NATP.L vs. BTC-USD
NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) is Aerospace & Defense fund tracking the EQM Future of Defence Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, NATP.L returned 20.19% vs -38.94% for BTC-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
NATP.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
NATP.L is traded in GBp, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, NATP.L achieves a 12.33% return, which is significantly higher than BTC-USD's -27.31% return.
NATP.L
- 1D
- -0.72%
- 1M
- 7.31%
- YTD
- 12.33%
- 6M
- 13.80%
- 1Y
- 20.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -20.99%
- YTD
- -27.31%
- 6M
- -31.69%
- 1Y
- -38.94%
- 3Y*
- 31.62%
- 5Y*
- 12.64%
- 10Y*
- 60.90%
NATP.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NATP.L HANetf Future of Defence UCITS ETF Acc GBP | 12.33% | 43.73% | 34.66% | 15.89% |
BTC-USD Bitcoin | -27.31% | -12.95% | 125.81% | 36.49% |
Correlation
The correlation between NATP.L and BTC-USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.17 |
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Return for Risk
NATP.L vs. BTC-USD — Risk / Return Rank
NATP.L
BTC-USD
NATP.L vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.78 | +2.52 |
| Martin ratioReturn relative to average drawdown | 3.88 | -1.39 | +5.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NATP.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | -0.93 | +1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.05 | 1.14 | +0.90 |
Drawdowns
NATP.L vs. BTC-USD - Drawdown Comparison
The maximum NATP.L drawdown since its inception was -11.66%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for NATP.L and BTC-USD.
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Drawdown Indicators
| NATP.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.66% | -84.19% | +72.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -49.84% | +38.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -2.70% | -48.98% | +46.28% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -40.26% | +37.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 33.59% | -28.39% |
Volatility
NATP.L vs. BTC-USD - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) is 5.77%, while Bitcoin (BTC-USD) has a volatility of 10.38%. This indicates that NATP.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NATP.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 10.38% | -4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 33.67% | -18.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 34.71% | -15.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 44.81% | -26.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 56.04% | -37.68% |
Frequently Asked Questions
NATP.L and BTC-USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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