SXR7.DE vs. NATO.L
SXR7.DE (iShares Core MSCI EMU UCITS ETF EUR (Acc)) and NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) are both exchange-traded funds - SXR7.DE is a Europe Equities fund tracking the MSCI EMU, while NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, SXR7.DE returned 20.66% vs 17.30% for NATO.L. At a 0.46 correlation, their price movements are largely independent. SXR7.DE charges 0.12%/yr vs 0.49%/yr for NATO.L.
Performance
SXR7.DE vs. NATO.L - Performance Comparison
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Different Trading Currencies
SXR7.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, SXR7.DE achieves a 10.60% return, which is significantly lower than NATO.L's 11.99% return.
SXR7.DE
- 1D
- 2.15%
- 1M
- 5.81%
- YTD
- 10.60%
- 6M
- 12.58%
- 1Y
- 20.66%
- 3Y*
- 16.23%
- 5Y*
- 10.75%
- 10Y*
- 10.94%
NATO.L
- 1D
- 0.00%
- 1M
- 6.49%
- YTD
- 11.99%
- 6M
- 12.58%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SXR7.DE vs. NATO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SXR7.DE iShares Core MSCI EMU UCITS ETF EUR (Acc) | 10.60% | 24.84% | 9.37% | 3.27% |
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 11.99% | 36.45% | 40.70% | 15.33% |
Correlation
The correlation between SXR7.DE and NATO.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023 | 0.46 |
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Return for Risk
SXR7.DE vs. NATO.L — Risk / Return Rank
SXR7.DE
NATO.L
SXR7.DE vs. NATO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.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.
| SXR7.DE | NATO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.39 | +0.62 |
| Martin ratioReturn relative to average drawdown | 7.48 | 3.11 | +4.38 |
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Drawdowns
SXR7.DE vs. NATO.L - Drawdown Comparison
The maximum SXR7.DE drawdown since its inception was -38.17%, 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 SXR7.DE and NATO.L.
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Drawdown Indicators
| SXR7.DE | NATO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.17% | -13.59% | -24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -12.37% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.17% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.87% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -2.53% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 5.56% | -2.80% |
Volatility
SXR7.DE vs. NATO.L - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.DE) is 4.47%, while HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) has a volatility of 6.81%. This indicates that SXR7.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
| SXR7.DE | NATO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 6.81% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 16.16% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.74% | 20.56% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 19.28% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 19.28% | -2.30% |
SXR7.DE vs. NATO.L - Expense Ratio Comparison
SXR7.DE has a 0.12% expense ratio, which is lower than NATO.L's 0.49% expense ratio.
Dividends
SXR7.DE vs. NATO.L - Dividend Comparison
Neither SXR7.DE nor NATO.L has paid dividends to shareholders.
Frequently Asked Questions
SXR7.DE and NATO.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR7.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR7.DE is cheaper with a 0.12% expense ratio, compared with 0.49% for NATO.L.
SXR7.DE is categorized as Europe Equities, while NATO.L is Aerospace & Defense. SXR7.DE tracks MSCI EMU, while NATO.L tracks EQM Future of Defence Index. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.12% for SXR7.DE and 0.49% for NATO.L.
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