NATP.L vs. EVAL.L
NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) and EVAL.L (SPDR MSCI Europe Value UCITS ETF) are both exchange-traded funds - NATP.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while EVAL.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR. Both are passively managed. Over the past 3 years, NATP.L returned 36.04%/yr vs 20.79%/yr for EVAL.L. At a 0.27 correlation, their price movements are largely independent. NATP.L charges 0.49%/yr vs 0.20%/yr for EVAL.L.
Performance
NATP.L vs. EVAL.L - Performance Comparison
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Different Trading Currencies
NATP.L is traded in GBp, while EVAL.L is traded in GBP. To make them comparable, the EVAL.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 10.71% return, which is significantly lower than EVAL.L's 12.48% return.
NATP.L
- 1D
- 0.00%
- 1M
- -0.96%
- 6M
- -0.52%
- YTD
- 10.71%
- 1Y
- 14.78%
- 3Y*
- 36.04%
- 5Y*
- —
- 10Y*
- —
EVAL.L
- 1D
- 0.23%
- 1M
- 0.44%
- 6M
- 10.53%
- YTD
- 12.48%
- 1Y
- 30.31%
- 3Y*
- 20.79%
- 5Y*
- 14.50%
- 10Y*
- 11.36%
NATP.L vs. EVAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NATP.L HANetf Future of Defence UCITS ETF Acc GBP | 10.71% | 43.73% | 34.66% | 15.24% |
EVAL.L SPDR MSCI Europe Value UCITS ETF | 12.48% | 41.82% | 4.36% | 4.86% |
Correlation
The correlation between NATP.L and EVAL.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.27 |
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Return for Risk
NATP.L vs. EVAL.L — Risk / Return Rank
NATP.L
EVAL.L
NATP.L vs. EVAL.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 SPDR MSCI Europe Value UCITS ETF (EVAL.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.
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 | EVAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.99 | -2.53 |
| Martin ratioReturn relative to average drawdown | 0.70 | 10.98 | -10.28 |
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Drawdowns
NATP.L vs. EVAL.L - Drawdown Comparison
The maximum NATP.L drawdown since its inception was -32.07%, smaller than the maximum EVAL.L drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for NATP.L and EVAL.L.
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Drawdown Indicators
| NATP.L | EVAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -40.72% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -32.07% | -10.10% | -21.97% |
Max Drawdown (3Y)Largest decline over 3 years | -32.07% | -14.34% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.77% | — |
Current DrawdownCurrent decline from peak | -22.08% | -1.34% | -20.74% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -11.28% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.13% | 2.75% | +18.38% |
Volatility
NATP.L vs. EVAL.L - Volatility Comparison
HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) has a higher volatility of 7.07% compared to SPDR MSCI Europe Value UCITS ETF (EVAL.L) at 4.09%. This indicates that NATP.L's price experiences larger fluctuations and is considered to be riskier than EVAL.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 | EVAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 4.09% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 11.23% | +4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.67% | 13.42% | +33.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 16.53% | +13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.32% | 17.77% | +12.55% |
NATP.L vs. EVAL.L - Expense Ratio Comparison
NATP.L has a 0.49% expense ratio, which is higher than EVAL.L's 0.20% expense ratio.
Dividends
NATP.L vs. EVAL.L - Dividend Comparison
Neither NATP.L nor EVAL.L has paid dividends to shareholders.
Frequently Asked Questions
NATP.L and EVAL.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVAL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVAL.L is cheaper with a 0.20% expense ratio, compared with 0.49% for NATP.L.
NATP.L is categorized as Aerospace & Defense, while EVAL.L is Europe Equities. NATP.L tracks EQM Future of Defence Index, while EVAL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: HANetf and State Street. Their fees differ too: 0.49% for NATP.L and 0.20% for EVAL.L.
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