REN.AS vs. UNA.AS

Last updated Jun 5, 2026

REN.AS (Relx PLC) and UNA.AS (Unilever PLC) are both stocks. REN.AS operates in Specialty Business Services (Industrials), while UNA.AS operates in Household & Personal Products (Consumer Defensive). Over the past 5 years, REN.AS returned 8.88%/yr vs 2.52%/yr for UNA.AS. At a 0.33 correlation, their price movements are largely independent.

Performance

REN.AS vs. UNA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Relx PLC (REN.AS) and Unilever PLC (UNA.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REN.AS achieves a -12.29% return, which is significantly higher than UNA.AS's -13.88% return.

REN.AS

• 1D: 5.29%
• 1M: -1.88%
• YTD: -12.29%
• 6M: -12.60%
• 1Y: -35.67%
• 3Y*: 1.92%
• 5Y*: 8.88%
• 10Y*: 9.22%

UNA.AS

• 1D: -1.15%
• 1M: -4.13%
• YTD: -13.88%
• 6M: -7.14%
• 1Y: -12.81%
• 3Y*: 3.22%
• 5Y*: 2.52%
• 10Y*: —

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

REN.AS vs. UNA.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
REN.AS Relx PLC	-12.29%	-19.36%	24.23%	41.60%	-7.46%	45.84%	2.96%
UNA.AS Unilever PLC	-13.88%	3.73%	29.86%	-2.64%	3.83%	-1.17%	3.26%

Correlation

The correlation between REN.AS and UNA.AS is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Dec 7, 2020	0.33

Over the past year, the correlation between REN.AS and UNA.AS has dropped to 0.06 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Return for Risk

REN.AS vs. UNA.AS — Risk / Return Rank

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

REN.AS

REN.AS Risk / Return Rank: 8
REN.AS Sharpe Ratio Rank: 3
REN.AS Sortino Ratio Rank: 5
REN.AS Omega Ratio Rank: 5
REN.AS Calmar Ratio Rank: 16
REN.AS Martin Ratio Rank: 11

UNA.AS

UNA.AS Risk / Return Rank: 15
UNA.AS Sharpe Ratio Rank: 12
UNA.AS Sortino Ratio Rank: 13
UNA.AS Omega Ratio Rank: 14
UNA.AS Calmar Ratio Rank: 23
UNA.AS Martin Ratio Rank: 14

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.

REN.AS vs. UNA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relx PLC (REN.AS) and Unilever PLC (UNA.AS). 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.

	REN.AS	UNA.AS	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	-0.71	-0.42
Sortino ratio: Return per unit of downside risk	-1.60	-0.88	-0.72
Omega ratio: Gain probability vs. loss probability	0.79	0.89	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.70	-0.53	-0.17
Martin ratio: Return relative to average drawdown	-1.31	-1.23	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REN.AS vs. UNA.AS - Sharpe Ratio Comparison

The current REN.AS Sharpe Ratio is -1.13, which is lower than the UNA.AS Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of REN.AS and UNA.AS, 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

	REN.AS	UNA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.13	-0.71	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.14	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.18	+0.11

Drawdowns

REN.AS vs. UNA.AS - Drawdown Comparison

The maximum REN.AS drawdown since its inception was -76.95%, which is greater than UNA.AS's maximum drawdown of -23.76%. Use the drawdown chart below to compare losses from any high point for REN.AS and UNA.AS.

Drawdown Indicators

	REN.AS	UNA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-76.95%	-23.76%	-53.19%
Max Drawdown (1Y) Largest decline over 1 year	-50.24%	-23.76%	-26.48%
Max Drawdown (3Y) Largest decline over 3 years	-52.12%	-23.76%	-28.36%
Max Drawdown (5Y) Largest decline over 5 years	-52.12%	-23.76%	-28.36%
Max Drawdown (10Y) Largest decline over 10 years	-52.12%	—	—
Current Drawdown Current decline from peak	-37.71%	-23.76%	-13.95%
Average Drawdown Average peak-to-trough decline	-31.37%	-6.46%	-24.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.05%	10.34%	+15.71%

Volatility

REN.AS vs. UNA.AS - Volatility Comparison

Relx PLC (REN.AS) has a higher volatility of 11.11% compared to Unilever PLC (UNA.AS) at 4.89%. This indicates that REN.AS's price experiences larger fluctuations and is considered to be riskier than UNA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REN.AS	UNA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.11%	4.89%	+6.22%
Volatility (6M) Calculated over the trailing 6-month period	28.35%	15.48%	+12.87%
Volatility (1Y) Calculated over the trailing 1-year period	31.29%	17.95%	+13.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	17.81%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.95%	17.81%	+4.14%

Dividends

REN.AS vs. UNA.AS - Dividend Comparison

REN.AS's dividend yield for the trailing twelve months is around 2.61%, less than UNA.AS's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REN.AS Relx PLC	2.61%	2.17%	1.61%	1.78%	2.35%	1.94%	2.58%	2.21%	2.55%	2.28%	2.55%	1.77%
UNA.AS Unilever PLC	4.14%	3.66%	3.50%	4.31%	4.03%	4.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both REN.AS and UNA.AS in my portfolio?

REN.AS and UNA.AS have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.