NATP.L vs. WELP.L

Last updated Jun 4, 2026

NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) and WELP.L (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both exchange-traded funds - NATP.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while WELP.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past year, NATP.L returned 20.99% vs 11.73% for WELP.L. At a 0.37 correlation, their price movements are largely independent. NATP.L charges 0.49%/yr vs 0.59%/yr for WELP.L.

Performance

NATP.L vs. WELP.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 HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NATP.L achieves a 13.14% return, which is significantly higher than WELP.L's -7.08% return.

NATP.L

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

WELP.L

• 1D: 1.05%
• 1M: 0.02%
• YTD: -7.08%
• 6M: -10.58%
• 1Y: 11.73%
• 3Y*: -3.24%
• 5Y*: -6.49%
• 10Y*: —

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

NATP.L vs. WELP.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%
WELP.L HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF	-7.08%	11.73%	-8.79%	-1.85%

Correlation

The correlation between NATP.L and WELP.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 (All Time) Calculated using the full available price history since Jul 5, 2023	0.37

The correlation between NATP.L and WELP.L shifts across timeframes, from 0.24 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NATP.L vs. WELP.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

WELP.L

WELP.L Risk / Return Rank: 16
WELP.L Sharpe Ratio Rank: 13
WELP.L Sortino Ratio Rank: 16
WELP.L Omega Ratio Rank: 24
WELP.L Calmar Ratio Rank: 14
WELP.L Martin Ratio Rank: 12

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. WELP.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 HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.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	WELP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.08	0.26	+0.83
Sortino ratio: Return per unit of downside risk	1.59	0.78	+0.81
Omega ratio: Gain probability vs. loss probability	1.20	1.16	+0.04
Calmar ratio: Return relative to maximum drawdown	1.81	0.36	+1.45
Martin ratio: Return relative to average drawdown	4.03	0.58	+3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NATP.L vs. WELP.L - Sharpe Ratio Comparison

The current NATP.L Sharpe Ratio is 1.08, which is higher than the WELP.L Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of NATP.L and WELP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NATP.L	WELP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.26	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	-0.13	+2.20

Drawdowns

NATP.L vs. WELP.L - Drawdown Comparison

The maximum NATP.L drawdown since its inception was -11.66%, smaller than the maximum WELP.L drawdown of -48.41%. Use the drawdown chart below to compare losses from any high point for NATP.L and WELP.L.

Drawdown Indicators

	NATP.L	WELP.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.66%	-48.41%	+36.75%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-32.47%	+20.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-38.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.41%	—
Current Drawdown Current decline from peak	-2.00%	-37.11%	+35.11%
Average Drawdown Average peak-to-trough decline	-2.36%	-25.46%	+23.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	20.15%	-14.95%

Volatility

NATP.L vs. WELP.L - Volatility Comparison

HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.L) have volatilities of 5.87% and 5.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NATP.L	WELP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	5.78%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	15.18%	13.86%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	19.35%	45.81%	-26.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	38.55%	-20.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	35.37%	-17.01%

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

NATP.L has a 0.49% expense ratio, which is lower than WELP.L's 0.59% expense ratio.

Dividends

NATP.L vs. WELP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

NATP.L and WELP.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.

Which ETF is better, NATP.L or WELP.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 WELP.L?

NATP.L is cheaper with a 0.49% expense ratio, compared with 0.59% for WELP.L.

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

NATP.L is categorized as Aerospace & Defense, while WELP.L is Health & Biotech Equities. NATP.L tracks EQM Future of Defence Index, while WELP.L tracks MSCI World/Health Care NR USD. Their fees differ too: 0.49% for NATP.L and 0.59% for WELP.L.