QDVY.DE vs. NATO.L
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) are both exchange-traded funds - QDVY.DE is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes 1-5, while NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, QDVY.DE returned 7.68% vs 10.50% for NATO.L. At a 0.10 correlation, their price movements are largely independent. QDVY.DE charges 0.10%/yr vs 0.49%/yr for NATO.L.
Performance
QDVY.DE vs. NATO.L - Performance Comparison
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Different Trading Currencies
QDVY.DE is traded in EUR, while NATO.L is traded in USD. To make them comparable, the NATO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVY.DE achieves a 5.28% return, which is significantly lower than NATO.L's 8.39% return.
QDVY.DE
- 1D
- 0.00%
- 1M
- 2.55%
- YTD
- 5.28%
- 6M
- 5.53%
- 1Y
- 7.68%
- 3Y*
- 4.24%
- 5Y*
- 5.28%
- 10Y*
- —
NATO.L
- 1D
- 0.00%
- 1M
- -3.51%
- YTD
- 8.39%
- 6M
- 7.42%
- 1Y
- 10.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDVY.DE vs. NATO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 5.28% | -6.57% | 12.71% | 1.72% |
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 8.39% | 36.45% | 40.70% | 15.33% |
Correlation
The correlation between QDVY.DE and NATO.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023 | 0.10 |
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Return for Risk
QDVY.DE vs. NATO.L — Risk / Return Rank
QDVY.DE
NATO.L
QDVY.DE vs. NATO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) 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.
| QDVY.DE | NATO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.84 | +1.54 |
| Martin ratioReturn relative to average drawdown | 5.76 | 1.86 | +3.90 |
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Drawdowns
QDVY.DE vs. NATO.L - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -19.19%, which is greater than NATO.L's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for QDVY.DE and NATO.L.
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Drawdown Indicators
| QDVY.DE | NATO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.19% | -13.59% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -12.37% | +9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.29% | — | — |
Current DrawdownCurrent decline from peak | -4.03% | -6.96% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -2.56% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 5.63% | -4.30% |
Volatility
QDVY.DE vs. NATO.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) is 1.84%, while HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) has a volatility of 5.28%. This indicates that QDVY.DE experiences smaller price fluctuations and is considered to be less risky 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
| QDVY.DE | NATO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 5.28% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 16.43% | -12.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 20.82% | -14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 19.30% | -11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.03% | 19.30% | -10.27% |
QDVY.DE vs. NATO.L - Expense Ratio Comparison
QDVY.DE has a 0.10% expense ratio, which is lower than NATO.L's 0.49% expense ratio.
Dividends
QDVY.DE vs. NATO.L - Dividend Comparison
QDVY.DE's dividend yield for the trailing twelve months is around 4.60%, while NATO.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 4.60% | 5.18% | 5.89% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
Frequently Asked Questions
QDVY.DE and NATO.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.49% for NATO.L.
QDVY.DE is categorized as Corporate Bonds, while NATO.L is Aerospace & Defense. QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, while NATO.L tracks EQM Future of Defence Index. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.10% for QDVY.DE and 0.49% for NATO.L.
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