TRIP.L vs. NATP.L

Last updated Apr 3, 2026

Compare and contrast key facts about HANetf The Travel UCITS ETF (TRIP.L) and HANetf Future of Defence UCITS ETF Acc GBP (NATP.L).

TRIP.L and NATP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRIP.L is a passively managed fund by HANetf that tracks the performance of the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. It was launched on Jun 4, 2021. NATP.L is a passively managed fund by HANetf that tracks the performance of the EQM Future of Defence Index. It was launched on Jun 30, 2023. Both TRIP.L and NATP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TRIP.L vs. NATP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HANetf The Travel UCITS ETF (TRIP.L) and HANetf Future of Defence UCITS ETF Acc GBP (NATP.L). The values are adjusted to include any dividend payments, if applicable.

TRIP.L vs. NATP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRIP.L HANetf The Travel UCITS ETF	-8.11%	10.16%	28.46%	0.69%
NATP.L HANetf Future of Defence UCITS ETF Acc GBP	9.10%	43.73%	34.66%	15.89%

Returns By Period

In the year-to-date period, TRIP.L achieves a -8.11% return, which is significantly lower than NATP.L's 9.10% return.

TRIP.L

• 1D: -1.14%
• 1M: -2.11%
• YTD: -8.11%
• 6M: 1.34%
• 1Y: 17.55%
• 3Y*: 13.60%
• 5Y*: —
• 10Y*: —

NATP.L

• 1D: 1.05%
• 1M: -1.12%
• YTD: 9.10%
• 6M: 1.61%
• 1Y: 34.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

TRIP.L has a 0.69% expense ratio, which is higher than NATP.L's 0.49% expense ratio.

TRIP.L

HANetf The Travel UCITS ETF

NATP.L

HANetf Future of Defence UCITS ETF Acc GBP

Return for Risk

TRIP.L vs. NATP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRIP.L

TRIP.L Risk / Return Rank: 28
TRIP.L Sharpe Ratio Rank: 21
TRIP.L Sortino Ratio Rank: 29
TRIP.L Omega Ratio Rank: 43
TRIP.L Calmar Ratio Rank: 28
TRIP.L Martin Ratio Rank: 20

NATP.L

NATP.L Risk / Return Rank: 79
NATP.L Sharpe Ratio Rank: 80
NATP.L Sortino Ratio Rank: 83
NATP.L Omega Ratio Rank: 75
NATP.L Calmar Ratio Rank: 87
NATP.L Martin Ratio Rank: 68

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.

TRIP.L vs. NATP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf The Travel UCITS ETF (TRIP.L) and HANetf Future of Defence UCITS ETF Acc GBP (NATP.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.

	TRIP.L	NATP.L	Difference
Sharpe ratio Return per unit of total volatility	0.36	1.62	-1.26
Sortino ratio Return per unit of downside risk	0.94	2.31	-1.37
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	0.90	3.15	-2.25
Martin ratio Return relative to average drawdown	1.64	8.12	-6.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TRIP.L Sharpe Ratio is 0.36, which is lower than the NATP.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of TRIP.L and NATP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRIP.L	NATP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	1.62	-1.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	2.13	-2.17

Correlation

The correlation between TRIP.L and NATP.L is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TRIP.L vs. NATP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

TRIP.L vs. NATP.L - Drawdown Comparison

The maximum TRIP.L drawdown since its inception was -48.20%, which is greater than NATP.L's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for TRIP.L and NATP.L.

Drawdown Indicators

	TRIP.L	NATP.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-11.66%	-36.54%
Max Drawdown (1Y) Largest decline over 1 year	-28.65%	-11.55%	-17.10%
Current Drawdown Current decline from peak	-26.58%	-4.04%	-22.54%
Average Drawdown Average peak-to-trough decline	-29.65%	-2.16%	-27.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.65%	4.48%	+11.17%

Volatility

TRIP.L vs. NATP.L - Volatility Comparison

HANetf The Travel UCITS ETF (TRIP.L) has a higher volatility of 7.58% compared to HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) at 7.06%. This indicates that TRIP.L's price experiences larger fluctuations and is considered to be riskier than NATP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRIP.L	NATP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	7.06%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	44.13%	15.07%	+29.06%
Volatility (1Y) Calculated over the trailing 1-year period	48.59%	21.21%	+27.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.92%	18.20%	+21.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.92%	18.20%	+21.72%