RHM.DE vs. AIPO

Last updated Jun 13, 2026

RHM.DE (Rheinmetall AG) is a stock, while AIPO (Defiance AI & Power Infrastructure ETF) is Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. At a 0.14 correlation, their price movements are largely independent.

Performance

RHM.DE vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Rheinmetall AG (RHM.DE) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, RHM.DE achieves a -22.00% return, which is significantly lower than AIPO's 44.37% return.

RHM.DE

• 1D: -1.18%
• 1M: 7.64%
• YTD: -22.00%
• 6M: -24.77%
• 1Y: -32.18%
• 3Y*: 70.90%
• 5Y*: 71.68%
• 10Y*: 38.55%

AIPO

• 1D: 1.90%
• 1M: -5.20%
• YTD: 44.37%
• 6M: 39.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RHM.DE vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
RHM.DE Rheinmetall AG	-22.00%	-10.57%
AIPO Defiance AI & Power Infrastructure ETF	44.37%	9.39%

Correlation

The correlation between RHM.DE and AIPO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.14

Return for Risk

RHM.DE vs. AIPO — Risk / Return Rank

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

RHM.DE

RHM.DE Risk / Return Rank: 14
RHM.DE Sharpe Ratio Rank: 14
RHM.DE Sortino Ratio Rank: 16
RHM.DE Omega Ratio Rank: 17
RHM.DE Calmar Ratio Rank: 16
RHM.DE Martin Ratio Rank: 6

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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

This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG (RHM.DE) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	RHM.DE	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	—	—
Sortino ratio: Return per unit of downside risk	-0.77	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.70	—	—
Martin ratio: Return relative to average drawdown	-1.53	—	—

Drawdowns

RHM.DE vs. AIPO - Drawdown Comparison

The maximum RHM.DE drawdown since its inception was -76.51%, which is greater than AIPO's maximum drawdown of -18.27%. Use the drawdown chart below to compare losses from any high point for RHM.DE and AIPO.

Drawdown Indicators

	RHM.DE	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-76.51%	-18.27%	-58.24%
Max Drawdown (1Y) Largest decline over 1 year	-43.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-43.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.18%	—	—
Current Drawdown Current decline from peak	-38.77%	-7.03%	-31.74%
Average Drawdown Average peak-to-trough decline	-21.20%	-4.56%	-16.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.80%	—	—

Volatility

Volatility by Period

	RHM.DE	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.66%	34.70%	+9.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.96%	34.70%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.77%	34.70%	+3.07%

Dividends

RHM.DE vs. AIPO - Dividend Comparison

RHM.DE's dividend yield for the trailing twelve months is around 0.95%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	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

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

RHM.DE and AIPO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.