XYP1.DE vs. NATO.L
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and NATO.L (HANetf Future of Defence UCITS ETF - Accumulating) are both exchange-traded funds - XYP1.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while NATO.L is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, XYP1.DE returned 0.95% vs 17.30% for NATO.L. At a 0.01 correlation, their price movements are largely independent. XYP1.DE charges 0.15%/yr vs 0.49%/yr for NATO.L.
Performance
XYP1.DE vs. NATO.L - Performance Comparison
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Different Trading Currencies
XYP1.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, XYP1.DE achieves a 0.19% return, which is significantly lower than NATO.L's 11.99% return.
XYP1.DE
- 1D
- 0.13%
- 1M
- 0.42%
- YTD
- 0.19%
- 6M
- 0.41%
- 1Y
- 0.95%
- 3Y*
- 2.90%
- 5Y*
- 0.88%
- 10Y*
- 0.59%
NATO.L
- 1D
- 0.00%
- 1M
- 6.49%
- YTD
- 11.99%
- 6M
- 12.58%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYP1.DE vs. NATO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.19% | 2.36% | 3.44% | 3.12% |
NATO.L HANetf Future of Defence UCITS ETF - Accumulating | 11.99% | 36.45% | 40.70% | 15.33% |
Correlation
The correlation between XYP1.DE and NATO.L is 0.07, 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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023 | 0.01 |
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Return for Risk
XYP1.DE vs. NATO.L — Risk / Return Rank
XYP1.DE
NATO.L
XYP1.DE vs. NATO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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.
| XYP1.DE | NATO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.39 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.11 | 3.11 | -1.00 |
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Drawdowns
XYP1.DE vs. NATO.L - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum NATO.L drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and NATO.L.
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Drawdown Indicators
| XYP1.DE | NATO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -13.59% | +7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -12.37% | +10.98% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -3.87% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -2.53% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 5.56% | -5.11% |
Volatility
XYP1.DE vs. NATO.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.49%, while HANetf Future of Defence UCITS ETF - Accumulating (NATO.L) has a volatility of 6.81%. This indicates that XYP1.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
| XYP1.DE | NATO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 6.81% | -6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 16.16% | -14.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 20.56% | -19.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 19.28% | -17.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 19.28% | -17.27% |
XYP1.DE vs. NATO.L - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is lower than NATO.L's 0.49% expense ratio.
Dividends
XYP1.DE vs. NATO.L - Dividend Comparison
Neither XYP1.DE nor NATO.L has paid dividends to shareholders.
Frequently Asked Questions
XYP1.DE and NATO.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYP1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for NATO.L.
XYP1.DE is categorized as European Government Bonds, while NATO.L is Aerospace & Defense. XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while NATO.L tracks EQM Future of Defence Index. They also come from different issuers: Xtrackers and HANetf. Their fees differ too: 0.15% for XYP1.DE and 0.49% for NATO.L.
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