EME vs. RHM.DE

Last updated Jun 9, 2026

EME (EMCOR Group, Inc.) and RHM.DE (Rheinmetall AG) are both stocks. Both are in the Industrials sector — EME in Engineering & Construction, RHM.DE in Aerospace & Defense. Over the past 10 years, EME returned 33.38%/yr vs 37.93%/yr for RHM.DE. At a 0.31 correlation, their price movements are largely independent.

Performance

EME vs. RHM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EMCOR Group, Inc. (EME) and Rheinmetall AG (RHM.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EME achieves a 34.80% return, which is significantly higher than RHM.DE's -23.89% return. Over the past 10 years, EME has underperformed RHM.DE with an annualized return of 33.38%, while RHM.DE has yielded a comparatively higher 37.93% annualized return.

EME

• 1D: 0.78%
• 1M: -10.62%
• YTD: 34.80%
• 6M: 31.07%
• 1Y: 68.85%
• 3Y*: 68.15%
• 5Y*: 45.66%
• 10Y*: 33.38%

RHM.DE

• 1D: -0.74%
• 1M: -2.80%
• YTD: -23.89%
• 6M: -21.63%
• 1Y: -31.48%
• 3Y*: 77.59%
• 5Y*: 69.25%
• 10Y*: 37.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EME vs. RHM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EME EMCOR Group, Inc.	34.80%	35.05%	111.27%	46.03%	16.81%	39.93%	6.47%	45.18%	-26.68%	16.09%
RHM.DE Rheinmetall AG	-23.89%	188.18%	104.13%	61.77%	115.57%	-9.52%	0.05%	32.69%	-29.51%	92.32%

Correlation

The correlation between EME and RHM.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 30, 2007	0.31

The correlation between EME and RHM.DE shifts across timeframes, from 0.12 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EME vs. RHM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EME

EME Risk / Return Rank: 83
EME Sharpe Ratio Rank: 87
EME Sortino Ratio Rank: 80
EME Omega Ratio Rank: 84
EME Calmar Ratio Rank: 82
EME Martin Ratio Rank: 82

RHM.DE

RHM.DE Risk / Return Rank: 10
RHM.DE Sharpe Ratio Rank: 10
RHM.DE Sortino Ratio Rank: 13
RHM.DE Omega Ratio Rank: 14
RHM.DE Calmar Ratio Rank: 11
RHM.DE Martin Ratio Rank: 2

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.

EME vs. RHM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EMCOR Group, Inc. (EME) 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.

	EME	RHM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	-0.72	+2.54
Sortino ratio: Return per unit of downside risk	2.24	-0.85	+3.09
Omega ratio: Gain probability vs. loss probability	1.33	0.90	+0.43
Calmar ratio: Return relative to maximum drawdown	2.75	-0.76	+3.51
Martin ratio: Return relative to average drawdown	6.90	-1.73	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EME vs. RHM.DE - Sharpe Ratio Comparison

The current EME Sharpe Ratio is 1.82, which is higher than the RHM.DE Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of EME 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.

Sharpe Ratios by Period

	EME	RHM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	-0.72	+2.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.38	1.59	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.02	0.97	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.43	+0.17

Drawdowns

EME vs. RHM.DE - Drawdown Comparison

The maximum EME drawdown since its inception was -70.56%, smaller than the maximum RHM.DE drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for EME and RHM.DE.

Drawdown Indicators

	EME	RHM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-70.56%	-78.19%	+7.63%
Max Drawdown (1Y) Largest decline over 1 year	-25.15%	-43.61%	+18.46%
Max Drawdown (3Y) Largest decline over 3 years	-36.19%	-43.61%	+7.42%
Max Drawdown (5Y) Largest decline over 5 years	-36.19%	-43.61%	+7.42%
Max Drawdown (10Y) Largest decline over 10 years	-48.00%	-66.25%	+18.25%
Current Drawdown Current decline from peak	-12.71%	-40.14%	+27.43%
Average Drawdown Average peak-to-trough decline	-15.36%	-23.65%	+8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.02%	19.15%	-9.13%

Volatility

EME vs. RHM.DE - Volatility Comparison

The current volatility for EMCOR Group, Inc. (EME) is 7.08%, while Rheinmetall AG (RHM.DE) has a volatility of 16.73%. This indicates that EME 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.

Volatility by Period

	EME	RHM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	16.73%	-9.65%
Volatility (6M) Calculated over the trailing 6-month period	25.46%	34.52%	-9.06%
Volatility (1Y) Calculated over the trailing 1-year period	38.11%	46.07%	-7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.30%	42.83%	-9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.97%	38.83%	-5.86%

Dividends

EME vs. RHM.DE - Dividend Comparison

EME's dividend yield for the trailing twelve months is around 0.16%, less than RHM.DE's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EME EMCOR Group, Inc.	0.16%	0.16%	0.20%	0.32%	0.36%	0.41%	0.35%	0.37%	0.54%	0.39%	0.45%	0.67%
RHM.DE Rheinmetall AG	0.97%	0.52%	0.93%	1.50%	1.77%	2.41%	5.54%	2.05%	2.20%	1.37%	1.72%	0.49%

Financials

Frequently Asked Questions

Can I hold both EME and RHM.DE in my portfolio?

EME and RHM.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.