BLCH.DE vs. MTVR.DE
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - BLCH.DE tracks the Solactive Blockchain while MTVR.DE tracks the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, BLCH.DE returned 56.73%/yr vs 48.38%/yr for MTVR.DE. A 0.52 correlation means they provide meaningful diversification when combined. BLCH.DE charges 0.50%/yr vs 0.39%/yr for MTVR.DE.
Performance
BLCH.DE vs. MTVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BLCH.DE achieves a 32.88% return, which is significantly lower than MTVR.DE's 72.46% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- -0.70%
- YTD
- 32.88%
- 6M
- 14.42%
- 1Y
- 94.65%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
BLCH.DE vs. MTVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | 12.63% | 318.01% | -53.09% |
MTVR.DE L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating | 72.46% | 23.08% | 29.91% | 63.34% | -13.25% |
Correlation
The correlation between BLCH.DE and MTVR.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.52 |
The correlation between BLCH.DE and MTVR.DE has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
BLCH.DE vs. MTVR.DE — Risk / Return Rank
BLCH.DE
MTVR.DE
BLCH.DE vs. MTVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE). 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.
| BLCH.DE | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.70 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 9.91 | -8.08 |
| Martin ratioReturn relative to average drawdown | 3.38 | 36.18 | -32.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLCH.DE | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 4.86 | -3.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.72 | -1.57 |
Drawdowns
BLCH.DE vs. MTVR.DE - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than MTVR.DE's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and MTVR.DE.
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Drawdown Indicators
| BLCH.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -30.86% | -52.43% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -12.65% | -41.47% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | -30.86% | -29.22% |
Current DrawdownCurrent decline from peak | -24.94% | -3.30% | -21.64% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -5.32% | -38.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 3.47% | +25.95% |
Volatility
BLCH.DE vs. MTVR.DE - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.11% compared to L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) at 10.70%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than MTVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLCH.DE | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 10.70% | +5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 19.34% | +26.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 25.77% | +42.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 25.35% | +48.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 25.35% | +48.86% |
BLCH.DE vs. MTVR.DE - Expense Ratio Comparison
BLCH.DE has a 0.50% expense ratio, which is higher than MTVR.DE's 0.39% expense ratio.
Dividends
BLCH.DE vs. MTVR.DE - Dividend Comparison
Neither BLCH.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and MTVR.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTVR.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTVR.DE is cheaper with a 0.39% expense ratio, compared with 0.50% for BLCH.DE.
BLCH.DE tracks Solactive Blockchain, while MTVR.DE tracks iStoxx Access Metaverse. They also come from different issuers: Global X and Legal & General. Their fees differ too: 0.50% for BLCH.DE and 0.39% for MTVR.DE.
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