RNMBY vs. SGOV
RNMBY (Rheinmetall AG ADR) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, RNMBY returned 62.45%/yr vs 3.58%/yr for SGOV. At a 0.01 correlation, their price movements are largely independent.
Performance
RNMBY vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, RNMBY achieves a -40.77% return, which is significantly lower than SGOV's 1.72% return.
RNMBY
- 1D
- -19.55%
- 1M
- -24.46%
- YTD
- -40.77%
- 6M
- -40.51%
- 1Y
- -44.72%
- 3Y*
- 58.06%
- 5Y*
- 62.45%
- 10Y*
- 34.72%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
RNMBY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RNMBY Rheinmetall AG ADR | -40.77% | 190.28% | 99.83% | 63.35% | 122.00% | -13.84% | 33.60% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between RNMBY and SGOV is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.01 |
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Return for Risk
RNMBY vs. SGOV — Risk / Return Rank
RNMBY
SGOV
RNMBY vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rheinmetall AG ADR (RNMBY) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.23 | ||
| Sortino ratioReturn per unit of downside risk | -274.77 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 194.05 | -193.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 395.07 | -395.90 |
| Martin ratioReturn relative to average drawdown | -2.07 | 4,426.92 | -4,428.99 |
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Drawdowns
RNMBY vs. SGOV - Drawdown Comparison
The maximum RNMBY drawdown since its inception was -67.75%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for RNMBY and SGOV.
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Drawdown Indicators
| RNMBY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.75% | -0.03% | -67.72% |
Max Drawdown (1Y)Largest decline over 1 year | -53.74% | -0.01% | -53.73% |
Max Drawdown (3Y)Largest decline over 3 years | -53.74% | -0.01% | -53.73% |
Max Drawdown (5Y)Largest decline over 5 years | -53.74% | -0.03% | -53.71% |
Max Drawdown (10Y)Largest decline over 10 years | -67.75% | — | — |
Current DrawdownCurrent decline from peak | -53.74% | 0.00% | -53.74% |
Average DrawdownAverage peak-to-trough decline | -16.79% | -0.00% | -16.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.63% | 0.00% | +21.63% |
Volatility
RNMBY vs. SGOV - Volatility Comparison
Rheinmetall AG ADR (RNMBY) has a higher volatility of 23.93% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that RNMBY's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNMBY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.93% | 0.04% | +23.89% |
Volatility (6M)Calculated over the trailing 6-month period | 39.90% | 0.13% | +39.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.66% | 0.19% | +49.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.68% | 0.24% | +45.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.96% | 0.24% | +41.72% |
Dividends
RNMBY vs. SGOV - Dividend Comparison
RNMBY's dividend yield for the trailing twelve months is around 1.27%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNMBY Rheinmetall AG ADR | 1.27% | 0.49% | 0.96% | 1.46% | 1.82% | 1.72% | 1.56% | 1.36% | 1.47% | 2.06% | 2.97% | 0.53% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RNMBY and SGOV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNMBY has higher volatility (23.93%) compared to SGOV (0.04%). In terms of maximum drawdown, RNMBY dropped -67.75% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.90), 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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