HP3A.DE vs. ^GDAXI

Last updated Apr 2, 2026

Compare and contrast key facts about Ringmetall SE (HP3A.DE) and DAX Performance Index (^GDAXI).

Performance

HP3A.DE vs. ^GDAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ringmetall SE (HP3A.DE) and DAX Performance Index (^GDAXI). The values are adjusted to include any dividend payments, if applicable.

HP3A.DE vs. ^GDAXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HP3A.DE Ringmetall SE	-2.17%	-18.40%	17.31%	-24.00%	-3.06%	79.66%	-4.03%	-6.38%	-27.19%	31.87%
^GDAXI DAX Performance Index	-4.87%	23.01%	18.85%	20.31%	-12.35%	15.79%	3.55%	25.48%	-18.26%	12.51%

Returns By Period

In the year-to-date period, HP3A.DE achieves a -2.17% return, which is significantly higher than ^GDAXI's -4.87% return. Over the past 10 years, HP3A.DE has underperformed ^GDAXI with an annualized return of 7.52%, while ^GDAXI has yielded a comparatively higher 9.05% annualized return.

HP3A.DE

• 1D: -0.74%
• 1M: -6.25%
• YTD: -2.17%
• 6M: -6.25%
• 1Y: -19.48%
• 3Y*: -5.86%
• 5Y*: 3.01%
• 10Y*: 7.52%

^GDAXI

• 1D: 2.73%
• 1M: -5.44%
• YTD: -4.87%
• 6M: -3.38%
• 1Y: 3.37%
• 3Y*: 14.24%
• 5Y*: 9.05%
• 10Y*: 9.05%

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

Return for Risk

HP3A.DE vs. ^GDAXI — Risk / Return Rank

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

HP3A.DE

HP3A.DE Risk / Return Rank: 12
HP3A.DE Sharpe Ratio Rank: 15
HP3A.DE Sortino Ratio Rank: 14
HP3A.DE Omega Ratio Rank: 14
HP3A.DE Calmar Ratio Rank: 6
HP3A.DE Martin Ratio Rank: 10

^GDAXI

^GDAXI Risk / Return Rank: 25
^GDAXI Sharpe Ratio Rank: 24
^GDAXI Sortino Ratio Rank: 22
^GDAXI Omega Ratio Rank: 22
^GDAXI Calmar Ratio Rank: 28
^GDAXI Martin Ratio Rank: 30

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.

HP3A.DE vs. ^GDAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ringmetall SE (HP3A.DE) and DAX Performance Index (^GDAXI). 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.

	HP3A.DE	^GDAXI	Difference
Sharpe ratio Return per unit of total volatility	-0.59	0.19	-0.78
Sortino ratio Return per unit of downside risk	-0.75	0.38	-1.13
Omega ratio Gain probability vs. loss probability	0.90	1.05	-0.15
Calmar ratio Return relative to maximum drawdown	-0.91	0.33	-1.24
Martin ratio Return relative to average drawdown	-1.45	1.12	-2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HP3A.DE vs. ^GDAXI - Sharpe Ratio Comparison

The current HP3A.DE Sharpe Ratio is -0.59, which is lower than the ^GDAXI Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of HP3A.DE and ^GDAXI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HP3A.DE	^GDAXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	0.19	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.53	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.49	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.41	-0.19

Correlation

The correlation between HP3A.DE and ^GDAXI is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

HP3A.DE vs. ^GDAXI - Drawdown Comparison

The maximum HP3A.DE drawdown since its inception was -65.99%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for HP3A.DE and ^GDAXI.

Drawdown Indicators

	HP3A.DE	^GDAXI	Difference
Max Drawdown Largest peak-to-trough decline	-65.99%	-72.68%	+6.69%
Max Drawdown (1Y) Largest decline over 1 year	-22.03%	-12.27%	-9.76%
Max Drawdown (5Y) Largest decline over 5 years	-47.52%	-26.40%	-21.12%
Max Drawdown (10Y) Largest decline over 10 years	-55.05%	-38.78%	-16.27%
Current Drawdown Current decline from peak	-43.03%	-8.35%	-34.68%
Average Drawdown Average peak-to-trough decline	-21.50%	-14.75%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.66%	3.62%	+11.04%

Volatility

HP3A.DE vs. ^GDAXI - Volatility Comparison

Ringmetall SE (HP3A.DE) has a higher volatility of 11.37% compared to DAX Performance Index (^GDAXI) at 6.90%. This indicates that HP3A.DE's price experiences larger fluctuations and is considered to be riskier than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HP3A.DE	^GDAXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.37%	6.90%	+4.47%
Volatility (6M) Calculated over the trailing 6-month period	24.78%	11.31%	+13.47%
Volatility (1Y) Calculated over the trailing 1-year period	33.37%	17.71%	+15.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.94%	16.80%	+22.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.16%	18.30%	+18.86%