NATP.L vs. EGLN.L
NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - NATP.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past year, NATP.L returned 20.99% vs 33.36% for EGLN.L. At a 0.11 correlation, their price movements are largely independent. NATP.L charges 0.49%/yr vs 0.25%/yr for EGLN.L.
Performance
NATP.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
NATP.L is traded in GBp, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L 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 13.14% return, which is significantly higher than EGLN.L's 3.39% return.
NATP.L
- 1D
- -0.69%
- 1M
- 10.19%
- YTD
- 13.14%
- 6M
- 16.55%
- 1Y
- 20.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGLN.L
- 1D
- -1.19%
- 1M
- -2.79%
- YTD
- 3.39%
- 6M
- 4.46%
- 1Y
- 33.36%
- 3Y*
- 27.95%
- 5Y*
- 19.71%
- 10Y*
- —
NATP.L vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NATP.L HANetf Future of Defence UCITS ETF Acc GBP | 13.14% | 43.73% | 34.66% | 15.89% |
EGLN.L iShares Physical Gold ETC | 3.39% | 53.83% | 28.21% | 6.85% |
Correlation
The correlation between NATP.L and EGLN.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.11 |
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Return for Risk
NATP.L vs. EGLN.L — Risk / Return Rank
NATP.L
EGLN.L
NATP.L vs. EGLN.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 iShares Physical Gold ETC (EGLN.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 | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.91 | -0.10 |
| Martin ratioReturn relative to average drawdown | 4.03 | 5.10 | -1.07 |
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 | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.43 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.07 | 0.91 | +1.16 |
Drawdowns
NATP.L vs. EGLN.L - Drawdown Comparison
The maximum NATP.L drawdown since its inception was -11.66%, smaller than the maximum EGLN.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for NATP.L and EGLN.L.
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Drawdown Indicators
| NATP.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.66% | -22.58% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -17.43% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.43% | — |
Current DrawdownCurrent decline from peak | -2.00% | -16.40% | +14.40% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -6.05% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 6.53% | -1.33% |
Volatility
NATP.L vs. EGLN.L - Volatility Comparison
HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) has a higher volatility of 5.87% compared to iShares Physical Gold ETC (EGLN.L) at 5.53%. This indicates that NATP.L's price experiences larger fluctuations and is considered to be riskier than EGLN.L 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 | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 5.53% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 20.07% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 23.22% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 16.35% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 15.11% | +3.25% |
NATP.L vs. EGLN.L - Expense Ratio Comparison
NATP.L has a 0.49% expense ratio, which is higher than EGLN.L's 0.25% expense ratio.
Dividends
NATP.L vs. EGLN.L - Dividend Comparison
Neither NATP.L nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
NATP.L and EGLN.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.49% for NATP.L.
NATP.L is categorized as Aerospace & Defense, while EGLN.L is Gold. NATP.L tracks EQM Future of Defence Index, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.49% for NATP.L and 0.25% for EGLN.L.
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