SAP vs. REMX

Last updated Jun 20, 2026

SAP (SAP SE) is a stock, while REMX (VanEck Rare Earth and Strategic Metals ETF) is Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Over the past 10 years, SAP returned 8.69%/yr vs 10.03%/yr for REMX. At a 0.36 correlation, their price movements are largely independent.

Performance

SAP vs. REMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SAP SE (SAP) and VanEck Rare Earth and Strategic Metals ETF (REMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAP achieves a -34.99% return, which is significantly lower than REMX's 29.26% return. Over the past 10 years, SAP has underperformed REMX with an annualized return of 8.69%, while REMX has yielded a comparatively higher 10.03% annualized return.

SAP

• 1D: -2.25%
• 1M: -11.95%
• YTD: -34.99%
• 6M: -35.37%
• 1Y: -45.09%
• 3Y*: 5.52%
• 5Y*: 3.66%
• 10Y*: 8.69%

REMX

• 1D: -0.51%
• 1M: -0.16%
• YTD: 29.26%
• 6M: 34.05%
• 1Y: 151.15%
• 3Y*: 4.85%
• 5Y*: 6.25%
• 10Y*: 10.03%

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

SAP vs. REMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAP SAP SE	-34.99%	-0.48%	61.27%	52.30%	-24.64%	9.22%	-1.28%	36.43%	-10.04%	31.25%
REMX VanEck Rare Earth and Strategic Metals ETF	29.26%	92.95%	-35.02%	-19.18%	-31.13%	79.81%	64.82%	0.74%	-49.63%	82.60%

Correlation

The correlation between SAP and REMX is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010	0.36

Over the past year, the correlation between SAP and REMX has dropped to 0.00 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

SAP vs. REMX — Risk / Return Rank

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

SAP

SAP Risk / Return Rank: 3
SAP Sharpe Ratio Rank: 1
SAP Sortino Ratio Rank: 3
SAP Omega Ratio Rank: 3
SAP Calmar Ratio Rank: 5
SAP Martin Ratio Rank: 4

REMX

REMX Risk / Return Rank: 83
REMX Sharpe Ratio Rank: 90
REMX Sortino Ratio Rank: 76
REMX Omega Ratio Rank: 70
REMX Calmar Ratio Rank: 93
REMX Martin Ratio Rank: 84

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.

SAP vs. REMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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.

	SAP	REMX	Difference
Sharpe ratio: Return per unit of total volatility	-1.33	2.87	-4.20
Sortino ratio: Return per unit of downside risk	-1.96	3.16	-5.12
Omega ratio: Gain probability vs. loss probability	0.75	1.39	-0.64
Calmar ratio: Return relative to maximum drawdown	-0.92	6.12	-7.05
Martin ratio: Return relative to average drawdown	-1.58	16.29	-17.86

SAP vs. REMX - Sharpe Ratio Comparison

The current SAP Sharpe Ratio is -1.33, which is lower than the REMX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of SAP and REMX, 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

SAP vs. REMX - Drawdown Comparison

The maximum SAP drawdown since its inception was -87.91%, roughly equal to the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for SAP and REMX.

Drawdown Indicators

	SAP	REMX	Difference
Max Drawdown Largest peak-to-trough decline	-87.91%	-90.20%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-49.37%	-23.35%	-26.02%
Max Drawdown (3Y) Largest decline over 3 years	-49.37%	-62.11%	+12.74%
Max Drawdown (5Y) Largest decline over 5 years	-49.37%	-73.34%	+23.97%
Max Drawdown (10Y) Largest decline over 10 years	-51.31%	-73.34%	+22.03%
Current Drawdown Current decline from peak	-49.37%	-56.25%	+6.88%
Average Drawdown Average peak-to-trough decline	-28.25%	-66.83%	+38.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.91%	8.77%	+20.14%

Volatility

SAP vs. REMX - Volatility Comparison

The current volatility for SAP SE (SAP) is 13.95%, while VanEck Rare Earth and Strategic Metals ETF (REMX) has a volatility of 15.88%. This indicates that SAP experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAP	REMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.95%	15.88%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	30.90%	36.88%	-5.98%
Volatility (1Y) Calculated over the trailing 1-year period	34.42%	49.75%	-15.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	40.62%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.40%	37.13%	-8.73%

Dividends

SAP vs. REMX - Dividend Comparison

SAP's dividend yield for the trailing twelve months is around 1.89%, more than REMX's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REMX VanEck Rare Earth and Strategic Metals ETF	1.36%	1.76%	2.56%	0.00%	1.56%	5.25%	0.81%	1.64%	12.43%	2.89%	2.23%	4.77%
SAP SAP SE	1.89%	1.05%	0.97%	1.41%	2.05%	1.56%	1.31%	1.27%	1.73%	0.87%	1.08%	1.11%

Frequently Asked Questions

Can I hold both SAP and REMX in my portfolio?

SAP and REMX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAP or REMX?

REMX has higher volatility (15.88%) compared to SAP (13.95%). In terms of maximum drawdown, SAP dropped -87.91% vs REMX's -90.20%.

Which has better risk-adjusted returns?

REMX currently has the higher Sharpe Ratio (2.87 vs -1.33), 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.