ETLX.DE vs. MTVR.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both exchange-traded funds - ETLX.DE is a Precious Metals fund tracking the DAXglobal® Gold Miners, while MTVR.DE is a Technology Equities fund tracking the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, ETLX.DE returned 46.63%/yr vs 48.38%/yr for MTVR.DE. At a 0.15 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.39%/yr for MTVR.DE.
Performance
ETLX.DE vs. MTVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -2.30% return, which is significantly lower than MTVR.DE's 72.46% return.
ETLX.DE
- 1D
- 0.57%
- 1M
- -6.27%
- YTD
- -2.30%
- 6M
- 5.08%
- 1Y
- 60.19%
- 3Y*
- 46.63%
- 5Y*
- 23.41%
- 10Y*
- 15.32%
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
ETLX.DE vs. MTVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -2.30% | 152.55% | 27.41% | 11.05% | 16.44% |
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 ETLX.DE and MTVR.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.15 |
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Return for Risk
ETLX.DE vs. MTVR.DE — Risk / Return Rank
ETLX.DE
MTVR.DE
ETLX.DE vs. MTVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (ETLX.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.
| ETLX.DE | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.70 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 9.91 | -7.80 |
| Martin ratioReturn relative to average drawdown | 5.29 | 36.18 | -30.88 |
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
| ETLX.DE | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 4.86 | -3.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.72 | -1.49 |
Drawdowns
ETLX.DE vs. MTVR.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, 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 ETLX.DE and MTVR.DE.
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Drawdown Indicators
| ETLX.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -30.86% | -42.58% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -12.65% | -16.24% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -30.86% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -42.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.05% | — | — |
Current DrawdownCurrent decline from peak | -24.71% | -3.30% | -21.41% |
Average DrawdownAverage peak-to-trough decline | -34.69% | -5.32% | -29.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 3.47% | +8.05% |
Volatility
ETLX.DE vs. MTVR.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 14.03% compared to L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) at 10.70%. This indicates that ETLX.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
| ETLX.DE | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 10.70% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 19.34% | +15.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.70% | 25.77% | +19.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 25.35% | +10.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.83% | 25.35% | +8.48% |
ETLX.DE vs. MTVR.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than MTVR.DE's 0.39% expense ratio.
Dividends
ETLX.DE vs. MTVR.DE - Dividend Comparison
Neither ETLX.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and MTVR.DE have a correlation of 0.20, 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 0.65% for ETLX.DE.
ETLX.DE is categorized as Precious Metals, while MTVR.DE is Technology Equities. ETLX.DE tracks DAXglobal® Gold Miners, while MTVR.DE tracks iStoxx Access Metaverse. Their fees differ too: 0.65% for ETLX.DE and 0.39% for MTVR.DE.
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