NATP.L vs. DRON.L

Last updated Jun 4, 2026

NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) and DRON.L (Drone UCITS ETF Acc) are both Aerospace & Defense funds from HANetf - NATP.L tracks the EQM Future of Defence Index while DRON.L tracks the VettaFi Drones UCITS Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. NATP.L charges 0.49%/yr vs 0.69%/yr for DRON.L.

Performance

NATP.L vs. DRON.L - 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 Drone UCITS ETF Acc (DRON.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NATP.L is traded in GBp, while DRON.L is traded in USD. To make them comparable, the DRON.L 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*: —

DRON.L

• 1D: -6.88%
• 1M: 17.72%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NATP.L vs. DRON.L - Yearly Performance Comparison

	2026 (YTD)
NATP.L HANetf Future of Defence UCITS ETF Acc GBP	2.12%
DRON.L Drone UCITS ETF Acc	-1.08%

Correlation

The correlation between NATP.L and DRON.L is 0.54, 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 Mar 9, 2026	0.54

Return for Risk

NATP.L vs. DRON.L — 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. DRON.L - 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 Drone UCITS ETF Acc (DRON.L). 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	DRON.L	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	DRON.L	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	-0.07	+2.13

Drawdowns

NATP.L vs. DRON.L - Drawdown Comparison

The maximum NATP.L drawdown since its inception was -11.66%, smaller than the maximum DRON.L drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for NATP.L and DRON.L.

Drawdown Indicators

	NATP.L	DRON.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.66%	-31.69%	+20.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	—	—
Current Drawdown Current decline from peak	-2.00%	-10.24%	+8.24%
Average Drawdown Average peak-to-trough decline	-2.36%	-17.34%	+14.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	—	—

Volatility

Volatility by Period

	NATP.L	DRON.L	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%	68.73%	-49.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	68.73%	-50.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	68.73%	-50.37%

NATP.L vs. DRON.L - Expense Ratio Comparison

NATP.L has a 0.49% expense ratio, which is lower than DRON.L's 0.69% expense ratio.

Dividends

NATP.L vs. DRON.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

NATP.L and DRON.L have a correlation of 0.54, 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 DRON.L?

On fees, NATP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NATP.L or DRON.L?

NATP.L is cheaper with a 0.49% expense ratio, compared with 0.69% for DRON.L.

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

NATP.L tracks EQM Future of Defence Index, while DRON.L tracks VettaFi Drones UCITS Index. Their fees differ too: 0.49% for NATP.L and 0.69% for DRON.L.