NATO vs FFND
Comparison between THEMES TRANSATLANTIC DEFENSE ETF (NATO, ETF) and ONE GLOBAL ETF (FFND, ETF).
NATO vs FFND - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NATO
$99M
FFND
$99M
Expense Ratio
Winner
NATO
0.35%
FFND
1.00%
Max Drawdown
Winner
NATO
15.99%
FFND
47.86%
Sharpe Ratio
NATO
0.54
Winner
FFND
1.12
5Y Beta
Winner
NATO
0.83
FFND
1.00
P/E Ratio
NATO
92.41
Winner
FFND
29.08
Forward P/E
NATO
28.98
Winner
FFND
21.81
PEG Ratio
NATO
N/A
FFND
0.53
5Y EPS CAGR
NATO
N/A
FFND
22.45%
Debt to Equity
NATO
152.09%
FFND
N/A
P/S Ratio
NATO
3.02
Winner
FFND
0.56
P/B Ratio
NATO
6.38
Winner
FFND
4.57
NATO vs FFND - Holdings Comparison
NATO and FFND have 6 common holdings. Overlap is 3.21%
NATO's top 25 holdings weight is 89.55%. FFND's top 25 holdings weight is 48.85%.
| Rank | NATO | FFND |
|---|---|---|
| #1 | RTX CORP (RTX) - 8.45% | NVIDIA CORP (NVDA) - 4.80% |
| #2 | GE AEROSPACE (GE) - 7.82% | AMAZON.COM INC (AMZN) - 4.61% |
| #3 | BOEING CO (BA) - 7.10% | US DOLLARS (n/a) - 4.53% |
| #4 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 6.14% | APPLE INC (AAPL) - 4.39% |
| #5 | LOCKHEED MARTIN CORP (LMT) - 5.76% | ALPHABET INC CLASS A (GOOGL) - 3.20% |
| #6 | SAFRAN SA (n/a) - 5.44% | BROADCOM INC (AVGO) - 2.58% |
| #7 | HONEYWELL INTERNATIONAL INC (HON) - 5.24% | BWX TECHNOLOGIES INC (BWXT) - 1.68% |
| #8 | AIRBUS SE (n/a) - 5.02% | PALO ALTO NETWORKS INC (PANW) - 1.59% |
| #9 | NORTHROP GRUMMAN CORP (NOC) - 4.71% | HALOZYME THERAPEUTICS INC (HALO) - 1.45% |
| #10 | HOWMET AEROSPACE INC (HWM) - 4.51% | VERTEX PHARMACEUTICALS INC (VRTX) - 1.43% |
| #11 | BAE SYSTEMS PLC (n/a) - 3.90% | BAE SYSTEMS PLC ADR (BAESY) - 1.38% |
| #12 | RHEINMETALL AG (n/a) - 3.64% | META PLATFORMS INC CLASS A (META) - 1.31% |
| #13 | GENERAL DYNAMICS CORP (GD) - 3.53% | UBS GROUP AG REGISTERED SHARES (n/a) - 1.31% |
| #14 | TRANSDIGM GROUP INC (TDG) - 3.17% | MICROSOFT CORP (MSFT) - 1.30% |
| #15 | L3HARRIS TECHNOLOGIES INC (LHX) - 3.01% | n/a (TSM) - 1.28% |
| #16 | AXON ENTERPRISE INC (AXON) - 1.88% | BAIDU INC ADR (BIDU) - 1.27% |
| #17 | ROCKET LAB CORP (RKLB) - 1.49% | BLOCK INC CLASS A (XYZ) - 1.26% |
| #18 | TELEDYNE TECHNOLOGIES INC (TDY) - 1.38% | GENERAL DYNAMICS CORP (GD) - 1.24% |
| #19 | FTAI AVIATION LTD (FTAI) - 1.25% | DOMINION ENERGY INC (D) - 1.22% |
| #20 | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 1.16% | JOHNSON & JOHNSON (JNJ) - 1.20% |
| #21 | CURTISS-WRIGHT CORP (CW) - 1.15% | CISCO SYSTEMS INC (CSCO) - 1.20% |
| #22 | THALES (n/a) - 1.10% | ROLLS-ROYCE HOLDINGS PLC ADR (RYCEY) - 1.19% |
| #23 | MTU AERO ENGINES AG (n/a) - 0.95% | JPMORGAN CHASE & CO (JPM) - 1.18% |
| #24 | SAAB AB CLASS B (n/a) - 0.92% | CATERPILLAR INC (CAT) - 1.13% |
| #25 | BWX TECHNOLOGIES INC (BWXT) - 0.83% | BANK OF AMERICA CORP (BAC) - 1.12% |
| Total Holdings | 90 | 89 |
NATO vs FFND - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NATO
+1.94%
FFND
+1.40%
3M
NATO
-7.96%
Winner
FFND
+5.28%
6M
Winner
NATO
+7.91%
FFND
+5.05%
1Y
NATO
+13.61%
Winner
FFND
+19.07%
5Y(CAGR)
NATO
N/A
FFND
+4.77%
Max(CAGR)
Winner
NATO
+30.14%
FFND
+4.77%
NATO vs FFND - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | NATO | FFND |
|---|---|---|
| 2026 | -0.13% | +4.24% |
| 2025 | +51.85% | +19.17% |
| 2024 | +0.35% | +25.54% |
| 2023 | N/A | +40.97% |
| 2022 | N/A | -40.85% |
| 2021 | N/A | -4.81% |
NATO vs FFND Drawdown Comparison
The maximum drawdown for NATO was -15.99%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for FFND was -47.84%, occurring on Dec 28, 2022. Recovery took 911 trading sessions.
The current NATO drawdown is -11.85%. The current FFND drawdown is -2.44%.
| Rank | NATO | FFND |
|---|---|---|
| #1 | -15.99% Mar 2, 2026 - Mar 30, 2026 | -47.84% Nov 8, 2021 - Jun 27, 2025 |
| #2 | -13.28% Mar 19, 2025 - Apr 29, 2025 | -10.53% Jan 27, 2026 - Apr 17, 2026 |
| #3 | -10.85% Oct 8, 2025 - Jan 5, 2026 | -6.86% Sep 7, 2021 - Oct 18, 2021 |
| #4 | -7.21% Nov 11, 2024 - Feb 18, 2025 | -4.93% Oct 27, 2025 - Dec 11, 2025 |
| #5 | -7.16% Jan 16, 2026 - Feb 20, 2026 | -3.26% Oct 8, 2025 - Oct 24, 2025 |
| #6 | -4.72% Oct 18, 2024 - Nov 6, 2024 | -2.69% Jul 25, 2025 - Aug 12, 2025 |
| #7 | -4.03% Mar 5, 2025 - Mar 17, 2025 | -2.44% Jun 2, 2026 - Jun 5, 2026 |
| #8 | -3.96% Feb 18, 2025 - Feb 28, 2025 | -2.10% May 14, 2026 - May 26, 2026 |
| #9 | -3.23% Jul 23, 2025 - Sep 11, 2025 | -2.03% Apr 17, 2026 - May 6, 2026 |
| #10 | -1.91% Jun 5, 2025 - Jun 26, 2025 | -1.87% Dec 11, 2025 - Dec 23, 2025 |
| #11 | -1.84% Jun 30, 2025 - Jul 9, 2025 | -1.85% Jan 12, 2026 - Jan 27, 2026 |
| #12 | -1.79% May 19, 2025 - May 27, 2025 | -1.78% Oct 21, 2021 - Oct 25, 2021 |
| #13 | -1.55% Jul 18, 2025 - Jul 23, 2025 | -1.36% Aug 25, 2021 - Aug 30, 2021 |
| #14 | -1.26% Mar 3, 2025 - Mar 5, 2025 | -1.31% Dec 26, 2025 - Jan 5, 2026 |
| #15 | -1.26% Feb 20, 2026 - Mar 2, 2026 | -1.23% Sep 22, 2025 - Oct 6, 2025 |
Correlation
Correlation between NATO and FFND is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2021 - 2025)
NATO vs FFND dividend yield comparison.
| Year | NATO | FFND |
|---|---|---|
| 2025 | 0.45% | 0.65% |
| 2024 | 0.08% | 0.00% |
| 2021 | 0.00% | 0.03% |
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