ETLH.DE vs. M37R.DE
ETLH.DE (L&G Ecommerce Logistics UCITS ETF) and M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) are both Technology Equities funds - ETLH.DE tracks the Solactive eCommerce Logistics while M37R.DE tracks the Solactive ETC Group Global Metaverse. Both are passively managed. Over the past year, ETLH.DE returned 4.62% vs -5.78% for M37R.DE. A 0.61 correlation means they provide meaningful diversification when combined. ETLH.DE charges 0.49%/yr vs 0.65%/yr for M37R.DE.
Performance
ETLH.DE vs. M37R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLH.DE achieves a 0.49% return, which is significantly higher than M37R.DE's -6.38% return.
ETLH.DE
- 1D
- 1.09%
- 1M
- 4.11%
- YTD
- 0.49%
- 6M
- 1.45%
- 1Y
- 4.62%
- 3Y*
- 5.96%
- 5Y*
- 2.34%
- 10Y*
- —
M37R.DE
- 1D
- 1.15%
- 1M
- 4.82%
- YTD
- -6.38%
- 6M
- -12.36%
- 1Y
- -5.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLH.DE vs. M37R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 0.49% | -0.43% | 3.65% |
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
Correlation
The correlation between ETLH.DE and M37R.DE is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.61 |
The correlation between ETLH.DE and M37R.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
ETLH.DE vs. M37R.DE — Risk / Return Rank
ETLH.DE
M37R.DE
ETLH.DE vs. M37R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Ecommerce Logistics UCITS ETF (ETLH.DE) and HANetf ETC Group Global Metaverse UCITS ETF (M37R.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.
| ETLH.DE | M37R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.99 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.13 | +0.50 |
| Martin ratioReturn relative to average drawdown | 0.96 | -0.27 | +1.23 |
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
| ETLH.DE | M37R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | -0.18 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.15 | +0.40 |
Drawdowns
ETLH.DE vs. M37R.DE - Drawdown Comparison
The maximum ETLH.DE drawdown since its inception was -27.60%, smaller than the maximum M37R.DE drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for ETLH.DE and M37R.DE.
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Drawdown Indicators
| ETLH.DE | M37R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.60% | -38.85% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -38.85% | +26.24% |
Max Drawdown (3Y)Largest decline over 3 years | -25.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | — | — |
Current DrawdownCurrent decline from peak | -7.50% | -24.62% | +17.12% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -14.24% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 18.99% | -14.10% |
Volatility
ETLH.DE vs. M37R.DE - Volatility Comparison
The current volatility for L&G Ecommerce Logistics UCITS ETF (ETLH.DE) is 4.00%, while HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) has a volatility of 10.35%. This indicates that ETLH.DE experiences smaller price fluctuations and is considered to be less risky than M37R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLH.DE | M37R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 10.35% | -6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 20.98% | -10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 28.65% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 32.04% | -15.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 32.04% | -14.55% |
ETLH.DE vs. M37R.DE - Expense Ratio Comparison
ETLH.DE has a 0.49% expense ratio, which is lower than M37R.DE's 0.65% expense ratio.
Dividends
ETLH.DE vs. M37R.DE - Dividend Comparison
Neither ETLH.DE nor M37R.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLH.DE and M37R.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLH.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLH.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for M37R.DE.
ETLH.DE tracks Solactive eCommerce Logistics, while M37R.DE tracks Solactive ETC Group Global Metaverse. They also come from different issuers: Legal & General and HANetf. Their fees differ too: 0.49% for ETLH.DE and 0.65% for M37R.DE.
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