RHM.DE vs. XDEW.DE

Last updated Jun 5, 2026

RHM.DE (Rheinmetall AG) is a stock, while XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) is S&P 500 fund tracking the S&P 500 Equal Weight Index. Over the past 10 years, RHM.DE returned 37.62%/yr vs 11.25%/yr for XDEW.DE. At a 0.36 correlation, their price movements are largely independent.

Performance

RHM.DE vs. XDEW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Rheinmetall AG (RHM.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RHM.DE achieves a -22.99% return, which is significantly lower than XDEW.DE's 10.39% return. Over the past 10 years, RHM.DE has outperformed XDEW.DE with an annualized return of 37.62%, while XDEW.DE has yielded a comparatively lower 11.25% annualized return.

RHM.DE

• 1D: -0.85%
• 1M: -16.25%
• YTD: -22.99%
• 6M: -21.94%
• 1Y: -34.42%
• 3Y*: 72.88%
• 5Y*: 70.83%
• 10Y*: 37.62%

XDEW.DE

• 1D: 0.30%
• 1M: 4.50%
• YTD: 10.39%
• 6M: 10.99%
• 1Y: 17.83%
• 3Y*: 12.12%
• 5Y*: 9.22%
• 10Y*: 11.25%

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

RHM.DE vs. XDEW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RHM.DE Rheinmetall AG	-22.99%	155.27%	116.51%	56.82%	128.13%	-1.77%	-8.85%	35.55%	-26.03%	68.49%
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C	10.39%	-0.46%	18.66%	10.08%	-6.94%	41.59%	1.18%	31.25%	-4.52%	4.00%

Correlation

The correlation between RHM.DE and XDEW.DE is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 18, 2014	0.36

Over the past year, the correlation between RHM.DE and XDEW.DE has dropped to 0.10 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

RHM.DE vs. XDEW.DE — 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: 10
RHM.DE Sharpe Ratio Rank: 10
RHM.DE Sortino Ratio Rank: 13
RHM.DE Omega Ratio Rank: 14
RHM.DE Calmar Ratio Rank: 11
RHM.DE Martin Ratio Rank: 2

XDEW.DE

XDEW.DE Risk / Return Rank: 55
XDEW.DE Sharpe Ratio Rank: 48
XDEW.DE Sortino Ratio Rank: 48
XDEW.DE Omega Ratio Rank: 48
XDEW.DE Calmar Ratio Rank: 71
XDEW.DE Martin Ratio Rank: 59

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. XDEW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG (RHM.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE). 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.

	RHM.DE	XDEW.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	1.66	-2.42
Sortino ratio: Return per unit of downside risk	-0.92	2.35	-3.27
Omega ratio: Gain probability vs. loss probability	0.89	1.30	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.80	3.51	-4.31
Martin ratio: Return relative to average drawdown	-1.81	10.36	-12.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RHM.DE vs. XDEW.DE - Sharpe Ratio Comparison

The current RHM.DE Sharpe Ratio is -0.76, which is lower than the XDEW.DE Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of RHM.DE and XDEW.DE, 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

	RHM.DE	XDEW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	1.66	-2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.67	0.61	+1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	0.66	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.68	-0.24

Drawdowns

RHM.DE vs. XDEW.DE - Drawdown Comparison

The maximum RHM.DE drawdown since its inception was -76.51%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for RHM.DE and XDEW.DE.

Drawdown Indicators

	RHM.DE	XDEW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-76.51%	-38.79%	-37.72%
Max Drawdown (1Y) Largest decline over 1 year	-43.11%	-5.06%	-38.05%
Max Drawdown (3Y) Largest decline over 3 years	-43.11%	-22.70%	-20.41%
Max Drawdown (5Y) Largest decline over 5 years	-43.11%	-22.70%	-20.41%
Max Drawdown (10Y) Largest decline over 10 years	-62.18%	-38.79%	-23.39%
Current Drawdown Current decline from peak	-39.55%	0.00%	-39.55%
Average Drawdown Average peak-to-trough decline	-23.08%	-5.39%	-17.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.88%	1.72%	+17.16%

Volatility

RHM.DE vs. XDEW.DE - Volatility Comparison

Rheinmetall AG (RHM.DE) has a higher volatility of 16.69% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.06%. This indicates that RHM.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RHM.DE	XDEW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.69%	2.06%	+14.63%
Volatility (6M) Calculated over the trailing 6-month period	33.84%	6.75%	+27.09%
Volatility (1Y) Calculated over the trailing 1-year period	45.11%	10.70%	+34.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.92%	14.89%	+27.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.85%	16.86%	+20.99%

Dividends

RHM.DE vs. XDEW.DE - Dividend Comparison

RHM.DE's dividend yield for the trailing twelve months is around 0.97%, while XDEW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RHM.DE Rheinmetall AG	0.97%	0.52%	0.93%	1.50%	1.77%	2.41%	5.54%	2.05%	2.20%	1.37%	1.72%	0.49%
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

RHM.DE and XDEW.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.