SHLD vs. RNMBY
SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index, while RNMBY (Rheinmetall AG ADR) is a stock. Over the past year, SHLD returned 10.40% vs -30.47% for RNMBY. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
SHLD vs. RNMBY - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD achieves a -1.50% return, which is significantly higher than RNMBY's -23.17% return.
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
SHLD vs. RNMBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
RNMBY Rheinmetall AG ADR | -23.17% | 190.28% | 99.83% | 16.96% |
Correlation
The correlation between SHLD and RNMBY is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.64 |
The correlation between SHLD and RNMBY has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
SHLD vs. RNMBY — Risk / Return Rank
SHLD
RNMBY
SHLD vs. RNMBY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) and Rheinmetall AG ADR (RNMBY). 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.
| SHLD | RNMBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.91 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.69 | +1.21 |
| Martin ratioReturn relative to average drawdown | 1.28 | -1.50 | +2.78 |
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Drawdowns
SHLD vs. RNMBY - Drawdown Comparison
The maximum SHLD drawdown since its inception was -20.10%, smaller than the maximum RNMBY drawdown of -67.75%. Use the drawdown chart below to compare losses from any high point for SHLD and RNMBY.
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Drawdown Indicators
| SHLD | RNMBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -67.75% | +47.65% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -44.06% | +23.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -44.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.75% | — |
Current DrawdownCurrent decline from peak | -18.20% | -40.00% | +21.80% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -16.73% | +13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 20.36% | -12.24% |
Volatility
SHLD vs. RNMBY - Volatility Comparison
The current volatility for Global X Defense Tech ETF (SHLD) is 9.05%, while Rheinmetall AG ADR (RNMBY) has a volatility of 12.05%. This indicates that SHLD experiences smaller price fluctuations and is considered to be less risky than RNMBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD | RNMBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 12.05% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 33.85% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 45.65% | -21.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 44.78% | -23.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 41.51% | -20.22% |
Dividends
SHLD vs. RNMBY - Dividend Comparison
SHLD's dividend yield for the trailing twelve months is around 0.56%, less than RNMBY's 0.98% 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% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHLD and RNMBY have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNMBY has higher volatility (12.05%) compared to SHLD (9.05%). In terms of maximum drawdown, SHLD dropped -20.10% vs RNMBY's -67.75%.
SHLD currently has the higher Sharpe Ratio (0.43 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.
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