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CUKX.L vs. RHM.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CUKX.L vs. RHM.DE

Last updated Jun 13, 2026

CUKX.L (iShares FTSE 100 UCITS ETF) is fund fund tracking the FTSE 100 Index, while RHM.DE (Rheinmetall AG) is a stock. Over the past 10 years, CUKX.L returned 9.82%/yr vs 39.71%/yr for RHM.DE. At a 0.45 correlation, their price movements are largely independent.

Performance

CUKX.L vs. RHM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares FTSE 100 UCITS ETF (CUKX.L) and Rheinmetall AG (RHM.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CUKX.L is traded in GBp, while RHM.DE is traded in EUR. To make them comparable, the RHM.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CUKX.L achieves a 7.04% return, which is significantly higher than RHM.DE's -22.83% return. Over the past 10 years, CUKX.L has underperformed RHM.DE with an annualized return of 9.82%, while RHM.DE has yielded a comparatively higher 39.71% annualized return.

CUKX.L

1D
1.55%
1M
0.90%
YTD
7.04%
6M
10.02%
1Y
22.07%
3Y*
15.22%
5Y*
11.77%
10Y*
9.82%

RHM.DE

1D
-1.20%
1M
7.08%
YTD
-22.83%
6M
-26.06%
1Y
-29.32%
3Y*
71.36%
5Y*
71.88%
10Y*
39.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CUKX.L vs. RHM.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CUKX.L
iShares FTSE 100 UCITS ETF		7.04%25.78%9.30%7.72%4.97%17.48%-11.28%17.23%-9.05%12.45%
RHM.DE
Rheinmetall AG		-22.83%168.55%107.08%53.69%140.63%-8.70%-7.49%28.50%-24.99%75.69%

Correlation

The correlation between CUKX.L and RHM.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.45

Over the past year, the correlation between CUKX.L and RHM.DE has dropped to 0.17 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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iShares FTSE 100 UCITS ETF

Rheinmetall AG

Often compared with CUKX.L:
CUKX.L vs. VUKG.LCUKX.L vs. IUKD.LCUKX.L vs. FTAL.LCUKX.L vs. CSUK.LCUKX.L vs. VUKE.DECUKX.L vs. S100.LCUKX.L vs. CPJ1.L
Often compared with RHM.DE:
RHM.DE vs. RNMBYRHM.DE vs. SAABYRHM.DE vs. NVDARHM.DE vs. HAG.DERHM.DE vs. LOM.DERHM.DE vs. RYCEYRHM.DE vs. KBGGY

Return for Risk

CUKX.L vs. RHM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CUKX.L
CUKX.L Risk / Return Rank: 6464
Overall Rank
CUKX.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CUKX.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
CUKX.L Omega Ratio Rank: 7171
Omega Ratio Rank
CUKX.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
CUKX.L Martin Ratio Rank: 5353
Martin Ratio Rank
RHM.DE
RHM.DE Risk / Return Rank: 1414
Overall Rank
RHM.DE Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
RHM.DE Sortino Ratio Rank: 1616
Sortino Ratio Rank
RHM.DE Omega Ratio Rank: 1717
Omega Ratio Rank
RHM.DE Calmar Ratio Rank: 1616
Calmar Ratio Rank
RHM.DE Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CUKX.L vs. RHM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares FTSE 100 UCITS ETF (CUKX.L) and Rheinmetall AG (RHM.DE). 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.

CUKX.LRHM.DEDifference
Sharpe ratioReturn per unit of total volatility
1.95
-0.66

+2.61

Sortino ratioReturn per unit of downside risk
2.73
-0.72

+3.45

Omega ratioGain probability vs. loss probability

1.36

0.91

+0.45

Calmar ratioReturn relative to maximum drawdown

2.42

-0.67

+3.10

Martin ratioReturn relative to average drawdown

7.99

-1.46

+9.45

CUKX.L vs. RHM.DE - Sharpe Ratio Comparison

The current CUKX.L Sharpe Ratio is 1.95, which is higher than the RHM.DE Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of CUKX.L and RHM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CUKX.L vs. RHM.DE - Drawdown Comparison

The maximum CUKX.L drawdown since its inception was -34.50%, smaller than the maximum RHM.DE drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for CUKX.L and RHM.DE.

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Drawdown Indicators

CUKX.LRHM.DEDifference

Max Drawdown

Largest peak-to-trough decline

-34.50%

-69.57%

+35.07%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-43.48%

+34.59%

Max Drawdown (3Y)

Largest decline over 3 years

-12.88%

-43.48%

+30.60%

Max Drawdown (5Y)

Largest decline over 5 years

-12.88%

-43.48%

+30.60%

Max Drawdown (10Y)

Largest decline over 10 years

-34.50%

-60.20%

+25.70%

Current Drawdown

Current decline from peak

-3.09%

-39.48%

+36.39%

Average Drawdown

Average peak-to-trough decline

-4.32%

-20.49%

+16.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

20.01%

-17.31%

Volatility

CUKX.L vs. RHM.DE - Volatility Comparison

The current volatility for iShares FTSE 100 UCITS ETF (CUKX.L) is 3.63%, while Rheinmetall AG (RHM.DE) has a volatility of 11.21%. This indicates that CUKX.L experiences smaller price fluctuations and is considered to be less risky than RHM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CUKX.LRHM.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

11.21%

-7.58%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

33.39%

-23.71%

Volatility (1Y)

Calculated over the trailing 1-year period

11.06%

44.55%

-33.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.73%

41.80%

-29.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

37.50%

-22.42%

Dividends

CUKX.L vs. RHM.DE - Dividend Comparison

CUKX.L has not paid dividends to shareholders, while RHM.DE's dividend yield for the trailing twelve months is around 0.95%.

PositionTTM20252024202320222021202020192018201720162015
CUKX.L
iShares FTSE 100 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
RHM.DE
Rheinmetall AG		0.95%0.52%0.93%1.50%1.77%2.41%2.77%2.05%2.20%1.37%1.72%0.49%

Frequently Asked Questions

CUKX.L and RHM.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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