PHSP.L vs. NATO.L
PHSP.L (WisdomTree Physical Silver) and NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) are both exchange-traded funds - PHSP.L is a Silver fund tracking the LBMA Silver Price, while NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, PHSP.L returned 87.72% vs 18.95% for NATO.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
PHSP.L vs. NATO.L - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while NATO.L is traded in USD. To make them comparable, the NATO.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHSP.L achieves a -5.51% return, which is significantly lower than NATO.L's 10.85% return.
PHSP.L
- 1D
- 5.15%
- 1M
- -23.06%
- YTD
- -5.51%
- 6M
- 8.99%
- 1Y
- 87.72%
- 3Y*
- 38.02%
- 5Y*
- 19.89%
- 10Y*
- 14.58%
NATO.L
- 1D
- 0.00%
- 1M
- 6.07%
- YTD
- 10.85%
- 6M
- 10.66%
- 1Y
- 18.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PHSP.L vs. NATO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -5.51% | 129.68% | 22.85% | 4.06% |
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 10.85% | 43.80% | 34.30% | 16.26% |
Correlation
The correlation between PHSP.L and NATO.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023 | 0.14 |
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Return for Risk
PHSP.L vs. NATO.L — Risk / Return Rank
PHSP.L
NATO.L
PHSP.L vs. NATO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and HANetf Future of Defence UCITS ETF - Accumulating (NATO.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.
| PHSP.L | NATO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.65 | +0.42 |
| Martin ratioReturn relative to average drawdown | 4.66 | 3.56 | +1.10 |
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Drawdowns
PHSP.L vs. NATO.L - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, which is greater than NATO.L's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for PHSP.L and NATO.L.
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Drawdown Indicators
| PHSP.L | NATO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -11.45% | -58.59% |
Max Drawdown (1Y)Largest decline over 1 year | -42.16% | -11.45% | -30.71% |
Max Drawdown (3Y)Largest decline over 3 years | -42.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | — | — |
Current DrawdownCurrent decline from peak | -39.18% | -4.17% | -35.01% |
Average DrawdownAverage peak-to-trough decline | -44.03% | -2.41% | -41.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.77% | 5.31% | +13.46% |
Volatility
PHSP.L vs. NATO.L - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) has a higher volatility of 14.36% compared to HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) at 6.87%. This indicates that PHSP.L's price experiences larger fluctuations and is considered to be riskier than NATO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSP.L | NATO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.36% | 6.87% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 51.78% | 15.77% | +36.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.77% | 20.11% | +34.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.25% | 18.64% | +17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 18.64% | +12.44% |
PHSP.L vs. NATO.L - Expense Ratio Comparison
Both PHSP.L and NATO.L have an expense ratio of 0.49%.
Dividends
PHSP.L vs. NATO.L - Dividend Comparison
Neither PHSP.L nor NATO.L has paid dividends to shareholders.
Frequently Asked Questions
PHSP.L and NATO.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PHSP.L and NATO.L have the same expense ratio: 0.49% per year.
PHSP.L is categorized as Silver, while NATO.L is Aerospace & Defense. PHSP.L tracks LBMA Silver Price, while NATO.L tracks EQM Future of Defence Index. They also come from different issuers: WisdomTree and HANetf.
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