RNMBY vs. SGDM

Last updated Jun 13, 2026

RNMBY (Rheinmetall AG ADR) is a stock, while SGDM (Sprott Gold Miners ETF) is Materials fund tracking the Solactive Gold Miners Custom Factors Index. Over the past 10 years, RNMBY returned 38.75%/yr vs 11.84%/yr for SGDM. At a 0.10 correlation, their price movements are largely independent.

Performance

RNMBY vs. SGDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rheinmetall AG ADR (RNMBY) and Sprott Gold Miners ETF (SGDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNMBY achieves a -23.17% return, which is significantly lower than SGDM's -4.58% return. Over the past 10 years, RNMBY has outperformed SGDM with an annualized return of 38.75%, while SGDM has yielded a comparatively lower 11.84% annualized return.

RNMBY

• 1D: -2.52%
• 1M: 7.27%
• YTD: -23.17%
• 6M: -26.34%
• 1Y: -30.47%
• 3Y*: 74.63%
• 5Y*: 70.20%
• 10Y*: 38.75%

SGDM

• 1D: 3.49%
• 1M: -16.27%
• YTD: -4.58%
• 6M: -4.02%
• 1Y: 46.37%
• 3Y*: 37.20%
• 5Y*: 17.23%
• 10Y*: 11.84%

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

RNMBY vs. SGDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNMBY Rheinmetall AG ADR	-23.17%	190.28%	99.83%	63.35%	122.00%	-13.84%	-2.03%	28.14%	-29.38%	98.17%
SGDM Sprott Gold Miners ETF	-4.58%	153.46%	12.14%	2.34%	-8.23%	-9.15%	21.85%	44.27%	-15.14%	10.46%

Correlation

The correlation between RNMBY and SGDM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 15, 2014	0.10

The correlation between RNMBY and SGDM shifts across timeframes, from 0.10 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RNMBY vs. SGDM — Risk / Return Rank

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

RNMBY

RNMBY Risk / Return Rank: 14
RNMBY Sharpe Ratio Rank: 14
RNMBY Sortino Ratio Rank: 16
RNMBY Omega Ratio Rank: 17
RNMBY Calmar Ratio Rank: 17
RNMBY Martin Ratio Rank: 7

SGDM

SGDM Risk / Return Rank: 31
SGDM Sharpe Ratio Rank: 32
SGDM Sortino Ratio Rank: 29
SGDM Omega Ratio Rank: 33
SGDM Calmar Ratio Rank: 30
SGDM Martin Ratio Rank: 29

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.

RNMBY vs. SGDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG ADR (RNMBY) and Sprott Gold Miners ETF (SGDM). 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.

	RNMBY	SGDM	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	1.01	-1.68
Sortino ratio: Return per unit of downside risk	-0.78	1.42	-2.20
Omega ratio: Gain probability vs. loss probability	0.91	1.20	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.69	1.30	-1.99
Martin ratio: Return relative to average drawdown	-1.50	3.60	-5.09

RNMBY vs. SGDM - Sharpe Ratio Comparison

The current RNMBY Sharpe Ratio is -0.67, which is lower than the SGDM Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of RNMBY and SGDM, 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

RNMBY vs. SGDM - Drawdown Comparison

The maximum RNMBY drawdown since its inception was -67.75%, which is greater than SGDM's maximum drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for RNMBY and SGDM.

Drawdown Indicators

	RNMBY	SGDM	Difference
Max Drawdown Largest peak-to-trough decline	-67.75%	-54.95%	-12.80%
Max Drawdown (1Y) Largest decline over 1 year	-44.06%	-35.96%	-8.10%
Max Drawdown (3Y) Largest decline over 3 years	-44.06%	-35.96%	-8.10%
Max Drawdown (5Y) Largest decline over 5 years	-44.06%	-45.06%	+1.00%
Max Drawdown (10Y) Largest decline over 10 years	-67.75%	-49.69%	-18.06%
Current Drawdown Current decline from peak	-40.00%	-30.31%	-9.69%
Average Drawdown Average peak-to-trough decline	-16.73%	-25.46%	+8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.36%	12.93%	+7.43%

Volatility

RNMBY vs. SGDM - Volatility Comparison

The current volatility for Rheinmetall AG ADR (RNMBY) is 12.05%, while Sprott Gold Miners ETF (SGDM) has a volatility of 16.53%. This indicates that RNMBY experiences smaller price fluctuations and is considered to be less risky than SGDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNMBY	SGDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	16.53%	-4.48%
Volatility (6M) Calculated over the trailing 6-month period	33.85%	38.64%	-4.79%
Volatility (1Y) Calculated over the trailing 1-year period	45.65%	46.24%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.78%	36.11%	+8.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.51%	36.97%	+4.54%

Dividends

RNMBY vs. SGDM - Dividend Comparison

RNMBY's dividend yield for the trailing twelve months is around 0.98%, less than SGDM's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RNMBY Rheinmetall AG ADR	0.98%	0.49%	0.96%	1.46%	1.82%	1.72%	1.56%	1.36%	1.47%	2.06%	2.97%	0.53%
SGDM Sprott Gold Miners ETF	1.09%	1.04%	1.04%	1.39%	1.42%	1.33%	0.30%	0.25%	0.50%	0.58%	0.02%	1.47%

Frequently Asked Questions

Can I hold both RNMBY and SGDM in my portfolio?

RNMBY and SGDM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNMBY or SGDM?

SGDM has higher volatility (16.53%) compared to RNMBY (12.05%). In terms of maximum drawdown, RNMBY dropped -67.75% vs SGDM's -54.95%.

Which has better risk-adjusted returns?

SGDM currently has the higher Sharpe Ratio (1.01 vs -0.67), 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.