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EU Defence II
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

EU Defence II

Currency in USD · Last updated May 23, 2025

Asset Allocation

RHM.DE 25%R3NK.DE 25%HAG.DE 20%HO.PA 10%SAABY 10%LDO.MI 10%EquityEquity
PositionCategory/SectorTarget Weight
HAG.DE
Hensoldt Ag		Industrials
20%
HO.PA
Thales S.A.		Industrials
10%
LDO.MI
Leonardo S.p.A.		Industrials
10%
R3NK.DE
RENK Group AG		Industrials
25%
RHM.DE
Rheinmetall AG		Industrials
25%
SAABY
Saab AB (publ)		Industrials
10%

S&P 500

Performance

Performance Chart

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The earliest data available for this chart is Feb 7, 2024, corresponding to the inception date of R3NK.DE

Returns By Period

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		-0.67%10.48%-1.79%10.08%14.60%10.64%
EU Defence II193.27%22.70%179.18%161.04%N/AN/A
Portfolio components:
RHM.DE
Rheinmetall AG		213.82%23.99%216.35%255.18%94.92%46.19%
HO.PA
Thales S.A.		106.28%3.15%86.58%65.47%36.03%18.66%
SAABY
Saab AB (publ)		130.11%4.16%115.51%110.71%N/AN/A
LDO.MI
Leonardo S.p.A.		114.16%14.04%115.62%130.42%60.08%17.65%
HAG.DE
Hensoldt Ag		152.35%22.32%137.21%116.03%N/AN/A
R3NK.DE
RENK Group AG		315.79%38.86%268.78%179.08%N/AN/A
*Annualized

Monthly Returns

The table below presents the monthly returns of EU Defence II, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
202519.58%29.81%35.83%17.12%18.76%193.27%
202423.34%25.35%-12.48%-2.83%-8.61%2.81%5.40%-11.86%-4.57%12.44%-4.96%17.05%

Expense Ratio

EU Defence II has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, EU Defence II is among the top 2% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of EU Defence II is 9898
Overall Rank
The Sharpe Ratio Rank of EU Defence II is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of EU Defence II is 9999
Sortino Ratio Rank
The Omega Ratio Rank of EU Defence II is 9898
Omega Ratio Rank
The Calmar Ratio Rank of EU Defence II is 9999
Calmar Ratio Rank
The Martin Ratio Rank of EU Defence II is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. 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.

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
RHM.DE
Rheinmetall AG		5.255.481.7614.4834.20
HO.PA
Thales S.A.		1.812.841.382.805.34
SAABY
Saab AB (publ)		2.142.841.391.398.74
LDO.MI
Leonardo S.p.A.		3.053.691.537.0519.25
HAG.DE
Hensoldt Ag		2.002.891.403.739.92
R3NK.DE
RENK Group AG		2.763.481.433.369.07

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

EU Defence II Sharpe ratios as of May 23, 2025 (values are recalculated daily):

  • 1-Year: 3.53
  • All Time: 3.56

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.47 to 0.99, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of EU Defence II compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

EU Defence II provided a 0.46% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio0.46%1.30%0.96%1.10%1.13%1.68%0.88%0.91%0.67%0.58%0.29%0.54%
Portfolio components:
RHM.DE
Rheinmetall AG		0.46%0.93%1.50%1.77%2.41%5.54%2.05%2.20%1.37%1.72%0.49%1.10%
HO.PA
Thales S.A.		1.43%2.49%2.27%2.23%2.62%0.53%2.36%1.76%1.84%1.53%1.64%2.64%
SAABY
Saab AB (publ)		0.38%0.72%0.21%0.33%0.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LDO.MI
Leonardo S.p.A.		0.55%1.08%0.94%1.74%0.00%2.37%1.34%1.82%1.41%0.00%0.00%0.00%
HAG.DE
Hensoldt Ag		0.00%1.16%1.23%1.13%1.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
R3NK.DE
RENK Group AG		0.43%1.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the EU Defence II. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the EU Defence II was 31.65%, occurring on Oct 11, 2024. Recovery took 89 trading sessions.

The current EU Defence II drawdown is 0.10%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.65%Apr 4, 2024137Oct 11, 202489Feb 17, 2025226
-17.58%Mar 19, 202514Apr 7, 20256Apr 15, 202520
-9.64%May 9, 20252May 12, 20255May 19, 20257
-8.99%Mar 7, 20252Mar 10, 20254Mar 14, 20256
-6.01%Apr 17, 20254Apr 23, 20255Apr 30, 20259

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 6 assets, with an effective number of assets of 5.13, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
^GSPCR3NK.DESAABYHO.PAHAG.DELDO.MIRHM.DEPortfolio
^GSPC1.000.080.170.120.120.170.130.14
R3NK.DE0.081.000.350.390.550.450.490.81
SAABY0.170.351.000.490.460.530.550.61
HO.PA0.120.390.491.000.580.680.640.66
HAG.DE0.120.550.460.581.000.650.700.83
LDO.MI0.170.450.530.680.651.000.700.74
RHM.DE0.130.490.550.640.700.701.000.82
Portfolio0.140.810.610.660.830.740.821.00
The correlation results are calculated based on daily price changes starting from Feb 8, 2024