URNP.L vs. NATP.L
URNP.L (HANetf Sprott Uranium Miners UCITS ETF Acc) and NATP.L (HANetf Future of Defence UCITS ETF Acc GBP) are both exchange-traded funds - URNP.L is a Commodity Producers Equities fund tracking the S&P Global Natural Resources TR USD, while NATP.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, URNP.L returned 59.87% vs 20.19% for NATP.L. At a 0.37 correlation, their price movements are largely independent. URNP.L charges 0.85%/yr vs 0.49%/yr for NATP.L.
Performance
URNP.L vs. NATP.L - Performance Comparison
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Returns By Period
In the year-to-date period, URNP.L achieves a 15.46% return, which is significantly higher than NATP.L's 12.33% return.
URNP.L
- 1D
- 0.00%
- 1M
- -6.77%
- YTD
- 15.46%
- 6M
- 11.40%
- 1Y
- 59.87%
- 3Y*
- 25.15%
- 5Y*
- —
- 10Y*
- —
NATP.L
- 1D
- -0.72%
- 1M
- 7.31%
- YTD
- 12.33%
- 6M
- 13.80%
- 1Y
- 20.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNP.L vs. NATP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
URNP.L HANetf Sprott Uranium Miners UCITS ETF Acc | 15.46% | 33.02% | -12.04% | 45.90% |
NATP.L HANetf Future of Defence UCITS ETF Acc GBP | 12.33% | 43.73% | 34.66% | 15.89% |
Correlation
The correlation between URNP.L and NATP.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.37 |
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Return for Risk
URNP.L vs. NATP.L — Risk / Return Rank
URNP.L
NATP.L
URNP.L vs. NATP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.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.
| URNP.L | NATP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.74 | +0.67 |
| Martin ratioReturn relative to average drawdown | 5.24 | 3.88 | +1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URNP.L | NATP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.04 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 2.05 | -1.64 |
Drawdowns
URNP.L vs. NATP.L - Drawdown Comparison
The maximum URNP.L drawdown since its inception was -51.01%, 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 URNP.L and NATP.L.
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Drawdown Indicators
| URNP.L | NATP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.01% | -11.66% | -39.35% |
Max Drawdown (1Y)Largest decline over 1 year | -24.71% | -11.55% | -13.16% |
Max Drawdown (3Y)Largest decline over 3 years | -51.01% | — | — |
Current DrawdownCurrent decline from peak | -19.95% | -2.70% | -17.25% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -2.37% | -15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.38% | 5.20% | +6.18% |
Volatility
URNP.L vs. NATP.L - Volatility Comparison
HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.L) has a higher volatility of 12.68% compared to HANetf Future of Defence UCITS ETF Acc GBP (NATP.L) at 5.77%. This indicates that URNP.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.
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Volatility by Period
| URNP.L | NATP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 5.77% | +6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 31.75% | 15.14% | +16.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.52% | 19.33% | +26.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 18.36% | +21.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.93% | 18.36% | +21.57% |
URNP.L vs. NATP.L - Expense Ratio Comparison
URNP.L has a 0.85% expense ratio, which is higher than NATP.L's 0.49% expense ratio.
Dividends
URNP.L vs. NATP.L - Dividend Comparison
Neither URNP.L nor NATP.L has paid dividends to shareholders.
Frequently Asked Questions
URNP.L and NATP.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NATP.L is cheaper with a 0.49% expense ratio, compared with 0.85% for URNP.L.
URNP.L is categorized as Commodity Producers Equities, while NATP.L is Aerospace & Defense. URNP.L tracks S&P Global Natural Resources TR USD, while NATP.L tracks EQM Future of Defence Index. Their fees differ too: 0.85% for URNP.L and 0.49% for NATP.L.
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