arithmos— AI-powered custom index builder. You’re viewing a shared index.
Index
European Rearmament Index
“An index of European listed defence primes and their key suppliers, weighted toward companies with domestic order books rather than export dependence. Ammunition, air defence, armoured vehicles and military aerospace.” — by Hilda Bergström
built · 2026-05-03 07:26·rebalance · semiannual·next run · 2026-11-03
backtest · S&P 500 (SPX)·range
CAGR—
Annual vol—
Sharpe—
Sortino—
Max drawdown—
Best year—
Worst year—
risk-free raterf = 4.50%
vs S&P 500 (SPX) · 1M—
vs S&P 500 (SPX) · 1Y—
vs S&P 500 (SPX) · 2Y—
vs S&P 500 (SPX) · 3Y—
vs S&P 500 (SPX) · 5Y—
vs S&P 500 (SPX) · 10Y—
no backtest data
sharpe ratio
| ticker | weight | YTD | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|
| RHM.DE | 18.0% | — | — | — | — | — |
| BA.L | 16.0% | — | — | — | — | — |
| SAAB-B.ST | 13.0% | — | — | — | — | — |
| LDO.MI | 11.0% | — | — | — | — | — |
| HO.PA | 11.0% | — | — | — | — | — |
| KOG.OL | 9.0% | — | — | — | — | — |
| HAG.DE | 8.0% | — | — | — | — | — |
| SAF.PA | 8.0% | — | — | — | — | — |
| QQ.L | 6.0% | — | — | — | — | — |
| weighted | 100% | — | — | — | — | — |
attribution factsheet
holdings · 9
click a row to drill in ↗NameAllocation· cap 18%Rationale
RHM.DERheinmetallIndustrials18.00%Ammunition and armoured vehicles with the most direct exposure to European land rearmament.BA.LBAE SystemsIndustrials16.00%Diversified prime spanning naval, land and air with long dated programme cover.SAAB-B.STSaabIndustrials13.00%Air defence, sensors and Gripen. Nordic domestic demand plus export pipeline.LDO.MILeonardoIndustrials11.00%Helicopters and electronics, historically the cheapest of the primes on cash flow.HO.PAThalesIndustrials11.00%Defence electronics and secure communications, less cyclical than platform makers.KOG.OLKongsberg GruppenIndustrials9.00%Missile systems and remote weapon stations with a strong NATO franchise.HAG.DEHensoldtIndustrials8.00%Radar and sensor pure play, high beta to German procurement.SAF.PASafranIndustrials8.00%Propulsion, though civil aerospace is the larger earnings driver. Included with that caveat.QQ.LQinetiQIndustrials6.00%Test, evaluation and research services. Contract revenue rather than platform sales.
▾
▾
▾
▾
▾
▾
▾
▾
▾
weighting · market_cap · cap=18%
rebalance · semiannual
