HP3A.DE vs. ^GDAXI
HP3A.DE (Ringmetall SE) is a stock, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, HP3A.DE returned 6.44%/yr vs 9.44%/yr for ^GDAXI. At a 0.07 correlation, their price movements are largely independent.
Performance
HP3A.DE vs. ^GDAXI - Performance Comparison
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Returns By Period
In the year-to-date period, HP3A.DE achieves a -2.17% return, which is significantly lower than ^GDAXI's 1.86% return. Over the past 10 years, HP3A.DE has underperformed ^GDAXI with an annualized return of 6.44%, while ^GDAXI has yielded a comparatively higher 9.44% annualized return.
HP3A.DE
- 1D
- 0.00%
- 1M
- -0.74%
- YTD
- -2.17%
- 6M
- -5.59%
- 1Y
- -14.01%
- 3Y*
- -3.24%
- 5Y*
- -1.25%
- 10Y*
- 6.44%
^GDAXI
- 1D
- 0.60%
- 1M
- 0.11%
- YTD
- 1.86%
- 6M
- 3.82%
- 1Y
- 2.55%
- 3Y*
- 16.04%
- 5Y*
- 9.71%
- 10Y*
- 9.44%
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 | 1.86% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
Correlation
The correlation between HP3A.DE and ^GDAXI is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | 0.07 |
The correlation between HP3A.DE and ^GDAXI shifts across timeframes, from -0.08 (1 year) to 0.09 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HP3A.DE vs. ^GDAXI — Risk / Return Rank
HP3A.DE
^GDAXI
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 ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.04 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.22 | -0.94 |
| Martin ratioReturn relative to average drawdown | -1.23 | 0.70 | -1.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HP3A.DE | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 0.17 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.56 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.51 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.42 | -0.20 |
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.
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Drawdown Indicators
| HP3A.DE | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.99% | -72.68% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -20.25% | -12.27% | -7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -29.43% | -16.01% | -13.42% |
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 DrawdownCurrent decline from peak | -43.03% | -1.87% | -41.16% |
Average DrawdownAverage peak-to-trough decline | -21.73% | -14.71% | -7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 3.92% | +7.90% |
Volatility
HP3A.DE vs. ^GDAXI - Volatility Comparison
Ringmetall SE (HP3A.DE) has a higher volatility of 8.05% compared to DAX Performance Index (^GDAXI) at 5.14%. 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.
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Volatility by Period
| HP3A.DE | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 5.14% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 24.36% | 12.92% | +11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.31% | 15.99% | +14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.91% | 17.03% | +21.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.89% | 18.35% | +18.54% |
Frequently Asked Questions
HP3A.DE and ^GDAXI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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