WAR vs. NATO
WAR (U.S. Global Technology and Aerospace & Defense ETF) and NATO (Themes Transatlantic Defense ETF) are both Aerospace & Defense funds. WAR is actively managed, while NATO is passively managed. At a 0.43 correlation, their price movements are largely independent. WAR charges 0.60%/yr vs 0.35%/yr for NATO.
Performance
WAR vs. NATO - Performance Comparison
Loading charts...
Returns By Period
WAR
- 1D
- -4.72%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NATO
- 1D
- -0.10%
- 1M
- 1.72%
- YTD
- 4.58%
- 6M
- 4.25%
- 1Y
- 17.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WAR vs. NATO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WAR U.S. Global Technology and Aerospace & Defense ETF | -4.38% |
NATO Themes Transatlantic Defense ETF | 1.72% |
Correlation
The correlation between WAR and NATO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WAR vs. NATO — Risk / Return Rank
WAR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NATO
WAR vs. NATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and Themes Transatlantic Defense ETF (NATO). 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.
| WAR | NATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.09 | — |
| Martin ratioReturn relative to average drawdown | — | 2.65 | — |
Loading charts...
Drawdowns
WAR vs. NATO - Drawdown Comparison
The maximum WAR drawdown since its inception was -13.13%, smaller than the maximum NATO drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for WAR and NATO.
Loading charts...
Drawdown Indicators
| WAR | NATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -15.99% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.99% | — |
Current DrawdownCurrent decline from peak | -10.38% | -9.55% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -3.89% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.57% | — |
Volatility
WAR vs. NATO - Volatility Comparison
Loading charts...
Volatility by Period
| WAR | NATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.90% | 21.46% | +31.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.90% | 22.72% | +30.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.90% | 22.72% | +30.18% |
WAR vs. NATO - Expense Ratio Comparison
WAR has a 0.60% expense ratio, which is higher than NATO's 0.35% expense ratio.
Dividends
WAR vs. NATO - Dividend Comparison
WAR has not paid dividends to shareholders, while NATO's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NATO Themes Transatlantic Defense ETF | 0.43% | 0.45% | 0.08% |
WAR U.S. Global Technology and Aerospace & Defense ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WAR and NATO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NATO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NATO is cheaper with a 0.35% expense ratio, compared with 0.60% for WAR.
NATO has the higher dividend yield at 0.43%, compared with 0.00% for WAR.
They also come from different issuers: US Global and Themes. Their fees differ too: 0.60% for WAR and 0.35% for NATO.
Find the right allocation for WAR and NATO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer