RHM.DE vs. MEUD.L

Last updated Jun 13, 2026

RHM.DE (Rheinmetall AG) is a stock, while MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) is Europe Equities fund tracking the MSCI Europe NR EUR. Over the past 10 years, RHM.DE returned 38.55%/yr vs 10.08%/yr for MEUD.L. At a 0.45 correlation, their price movements are largely independent.

Performance

RHM.DE vs. MEUD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Rheinmetall AG (RHM.DE) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RHM.DE is traded in EUR, while MEUD.L is traded in GBp. To make them comparable, the MEUD.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 MEUD.L's 8.97% return. Over the past 10 years, RHM.DE has outperformed MEUD.L with an annualized return of 38.55%, while MEUD.L has yielded a comparatively lower 10.08% 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%

MEUD.L

• 1D: 1.67%
• 1M: 4.00%
• YTD: 8.97%
• 6M: 11.36%
• 1Y: 18.07%
• 3Y*: 14.12%
• 5Y*: 9.78%
• 10Y*: 10.08%

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

RHM.DE vs. MEUD.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%
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	8.97%	19.91%	8.66%	15.89%	-9.94%	24.68%	-1.79%	28.06%	-10.71%	10.88%

Correlation

The correlation between RHM.DE and MEUD.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 3, 2013	0.45

Over the past year, the correlation between RHM.DE and MEUD.L has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

RHM.DE vs. MEUD.L — 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

MEUD.L

MEUD.L Risk / Return Rank: 50
MEUD.L Sharpe Ratio Rank: 53
MEUD.L Sortino Ratio Rank: 53
MEUD.L Omega Ratio Rank: 56
MEUD.L Calmar Ratio Rank: 43
MEUD.L Martin Ratio Rank: 46

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. MEUD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG (RHM.DE) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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	MEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	1.42	-2.10
Sortino ratio: Return per unit of downside risk	-0.77	2.07	-2.84
Omega ratio: Gain probability vs. loss probability	0.91	1.26	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.70	1.89	-2.59
Martin ratio: Return relative to average drawdown	-1.53	7.25	-8.78

RHM.DE vs. MEUD.L - Sharpe Ratio Comparison

The current RHM.DE Sharpe Ratio is -0.68, which is lower than the MEUD.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of RHM.DE and MEUD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RHM.DE vs. MEUD.L - Drawdown Comparison

The maximum RHM.DE drawdown since its inception was -76.51%, which is greater than MEUD.L's maximum drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for RHM.DE and MEUD.L.

Drawdown Indicators

	RHM.DE	MEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.51%	-36.19%	-40.32%
Max Drawdown (1Y) Largest decline over 1 year	-43.11%	-9.53%	-33.58%
Max Drawdown (3Y) Largest decline over 3 years	-43.11%	-15.58%	-27.53%
Max Drawdown (5Y) Largest decline over 5 years	-43.11%	-20.75%	-22.36%
Max Drawdown (10Y) Largest decline over 10 years	-62.18%	-36.19%	-25.99%
Current Drawdown Current decline from peak	-38.77%	0.00%	-38.77%
Average Drawdown Average peak-to-trough decline	-21.20%	-7.56%	-13.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.80%	2.49%	+17.31%

Volatility

RHM.DE vs. MEUD.L - Volatility Comparison

Rheinmetall AG (RHM.DE) has a higher volatility of 11.36% compared to Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) at 3.52%. This indicates that RHM.DE's price experiences larger fluctuations and is considered to be riskier than MEUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RHM.DE	MEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.36%	3.52%	+7.84%
Volatility (6M) Calculated over the trailing 6-month period	33.58%	10.41%	+23.17%
Volatility (1Y) Calculated over the trailing 1-year period	44.66%	12.69%	+31.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.96%	16.42%	+25.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.77%	17.59%	+20.18%

Dividends

RHM.DE vs. MEUD.L - Dividend Comparison

RHM.DE's dividend yield for the trailing twelve months is around 0.95%, while MEUD.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEUD.L Lyxor Core STOXX Europe 600 (DR) - 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

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

RHM.DE and MEUD.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.