RNMBF vs. GLD
RNMBF (Rheinmetall AG) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, RNMBF returned 66.55%/yr vs 16.59%/yr for GLD. At a 0.10 correlation, their price movements are largely independent.
Performance
RNMBF vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, RNMBF achieves a -39.81% return, which is significantly lower than GLD's -7.91% return.
RNMBF
- 1D
- -2.04%
- 1M
- -17.86%
- 6M
- -49.86%
- YTD
- -39.81%
- 1Y
- -48.22%
- 3Y*
- 58.65%
- 5Y*
- 66.55%
- 10Y*
- —
GLD
- 1D
- -1.98%
- 1M
- -8.22%
- 6M
- -13.79%
- YTD
- -7.91%
- 1Y
- 18.39%
- 3Y*
- 26.20%
- 5Y*
- 16.59%
- 10Y*
- 11.13%
RNMBF vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RNMBF Rheinmetall AG | -39.81% | 189.47% | 106.03% | 62.49% | 112.89% | 16.07% | 8.13% | 0.00% |
GLD SPDR Gold Shares | -7.91% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 0.92% |
Correlation
The correlation between RNMBF and GLD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | 0.10 |
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Return for Risk
RNMBF vs. GLD — Risk / Return Rank
RNMBF
GLD
RNMBF vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG (RNMBF) and SPDR Gold Shares (GLD). 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.
| RNMBF | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.14 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.70 | -1.60 |
| Martin ratioReturn relative to average drawdown | -1.97 | 1.67 | -3.63 |
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Drawdowns
RNMBF vs. GLD - Drawdown Comparison
The maximum RNMBF drawdown since its inception was -53.57%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for RNMBF and GLD.
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Drawdown Indicators
| RNMBF | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -45.56% | -8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -53.57% | -26.40% | -27.17% |
Max Drawdown (3Y)Largest decline over 3 years | -53.57% | -26.40% | -27.17% |
Max Drawdown (5Y)Largest decline over 5 years | -53.57% | -26.40% | -27.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.40% | — |
Current DrawdownCurrent decline from peak | -52.76% | -26.40% | -26.36% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -16.19% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.56% | 11.04% | +13.52% |
Volatility
RNMBF vs. GLD - Volatility Comparison
Rheinmetall AG (RNMBF) has a higher volatility of 26.41% compared to SPDR Gold Shares (GLD) at 6.59%. This indicates that RNMBF's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNMBF | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.41% | 6.59% | +19.82% |
Volatility (6M)Calculated over the trailing 6-month period | 42.53% | 24.21% | +18.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.19% | 28.00% | +23.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.92% | 18.41% | +32.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.36% | 16.11% | +33.25% |
Dividends
RNMBF vs. GLD - Dividend Comparison
RNMBF's dividend yield for the trailing twelve months is around 1.24%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNMBF Rheinmetall AG | 1.24% | 1.48% | 1.92% | 2.96% | 3.43% | 19.20% |
Frequently Asked Questions
RNMBF and GLD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNMBF has higher volatility (26.41%) compared to GLD (6.59%). In terms of maximum drawdown, RNMBF dropped -53.57% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.66 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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