RHM.DE vs. EMIM.L
RHM.DE (Rheinmetall AG) is a stock, while EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) is Emerging Markets Equities fund tracking the MSCI EM NR USD. Over the past 10 years, RHM.DE returned 38.55%/yr vs 10.21%/yr for EMIM.L. At a 0.34 correlation, their price movements are largely independent.
Performance
RHM.DE vs. EMIM.L - Performance Comparison
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Different Trading Currencies
RHM.DE is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L 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 EMIM.L's 24.15% return. Over the past 10 years, RHM.DE has outperformed EMIM.L with an annualized return of 38.55%, while EMIM.L has yielded a comparatively lower 10.21% annualized return.
RHM.DE
- 1D
- -1.18%
- 1M
- 7.49%
- YTD
- -22.00%
- 6M
- -24.77%
- 1Y
- -30.34%
- 3Y*
- 70.90%
- 5Y*
- 71.68%
- 10Y*
- 38.55%
EMIM.L
- 1D
- 2.76%
- 1M
- 2.09%
- YTD
- 24.15%
- 6M
- 27.50%
- 1Y
- 42.84%
- 3Y*
- 18.71%
- 5Y*
- 8.43%
- 10Y*
- 10.21%
RHM.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RHM.DE Rheinmetall AG | -22.00% | 155.27% | 116.51% | 56.82% | 128.13% | -1.77% | -12.43% | 35.55% | -26.03% | 68.49% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.15% | 16.91% | 14.45% | 7.15% | -14.80% | 7.30% | 8.67% | 19.86% | -10.44% | 19.81% |
Correlation
The correlation between RHM.DE and EMIM.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.34 |
The correlation between RHM.DE and EMIM.L shifts across timeframes, from 0.17 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RHM.DE vs. EMIM.L — Risk / Return Rank
RHM.DE
EMIM.L
RHM.DE vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG (RHM.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L). 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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.44 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 4.00 | -4.70 |
| Martin ratioReturn relative to average drawdown | -1.53 | 13.91 | -15.44 |
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Drawdowns
RHM.DE vs. EMIM.L - Drawdown Comparison
The maximum RHM.DE drawdown since its inception was -76.51%, which is greater than EMIM.L's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for RHM.DE and EMIM.L.
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Drawdown Indicators
| RHM.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.51% | -34.80% | -41.71% |
Max Drawdown (1Y)Largest decline over 1 year | -43.11% | -10.65% | -32.46% |
Max Drawdown (3Y)Largest decline over 3 years | -43.11% | -17.95% | -25.16% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -22.35% | -20.76% |
Max Drawdown (10Y)Largest decline over 10 years | -62.18% | -32.44% | -29.74% |
Current DrawdownCurrent decline from peak | -38.77% | -3.48% | -35.29% |
Average DrawdownAverage peak-to-trough decline | -21.20% | -9.29% | -11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.80% | 3.07% | +16.73% |
Volatility
RHM.DE vs. EMIM.L - Volatility Comparison
Rheinmetall AG (RHM.DE) has a higher volatility of 11.36% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) at 7.32%. This indicates that RHM.DE's price experiences larger fluctuations and is considered to be riskier than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RHM.DE | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.36% | 7.32% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 33.58% | 15.25% | +18.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.66% | 18.05% | +26.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.96% | 16.47% | +25.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.77% | 18.19% | +19.58% |
Dividends
RHM.DE vs. EMIM.L - Dividend Comparison
RHM.DE's dividend yield for the trailing twelve months is around 0.95%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 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
RHM.DE and EMIM.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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