FCO2.DE vs. M37R.DE
FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) and M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) are both exchange-traded funds - FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA), while M37R.DE is a Technology Equities fund tracking the Solactive ETC Group Global Metaverse. Both are passively managed. Over the past year, FCO2.DE returned 4.93% vs -5.78% for M37R.DE. At a 0.15 correlation, their price movements are largely independent. FCO2.DE charges 0.89%/yr vs 0.65%/yr for M37R.DE.
Performance
FCO2.DE vs. M37R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FCO2.DE achieves a -10.46% return, which is significantly lower than M37R.DE's -6.38% return.
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
M37R.DE
- 1D
- 1.15%
- 1M
- 4.82%
- YTD
- -6.38%
- 6M
- -12.36%
- 1Y
- -5.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCO2.DE vs. M37R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | 5.59% |
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
Correlation
The correlation between FCO2.DE and M37R.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.15 |
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Return for Risk
FCO2.DE vs. M37R.DE — Risk / Return Rank
FCO2.DE
M37R.DE
FCO2.DE vs. M37R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf SparkChange Physical Carbon EUA ETC (FCO2.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.
| FCO2.DE | M37R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.99 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.13 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.41 | -0.27 | +0.68 |
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
| FCO2.DE | M37R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | -0.18 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.15 | -0.22 |
Drawdowns
FCO2.DE vs. M37R.DE - Drawdown Comparison
The maximum FCO2.DE drawdown since its inception was -48.49%, which is greater than M37R.DE's maximum drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for FCO2.DE and M37R.DE.
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Drawdown Indicators
| FCO2.DE | M37R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -38.85% | -9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -38.85% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | — | — |
Current DrawdownCurrent decline from peak | -24.40% | -24.62% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -14.24% | -9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 18.99% | -6.58% |
Volatility
FCO2.DE vs. M37R.DE - Volatility Comparison
The current volatility for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) is 5.99%, while HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) has a volatility of 10.35%. This indicates that FCO2.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
| FCO2.DE | M37R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 10.35% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 20.98% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 28.65% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 32.04% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.04% | 32.04% | +2.00% |
FCO2.DE vs. M37R.DE - Expense Ratio Comparison
FCO2.DE has a 0.89% expense ratio, which is higher than M37R.DE's 0.65% expense ratio.
Dividends
FCO2.DE vs. M37R.DE - Dividend Comparison
Neither FCO2.DE nor M37R.DE has paid dividends to shareholders.
Frequently Asked Questions
FCO2.DE and M37R.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M37R.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M37R.DE is cheaper with a 0.65% expense ratio, compared with 0.89% for FCO2.DE.
FCO2.DE is categorized as Commodities, while M37R.DE is Technology Equities. FCO2.DE tracks EU Carbon Emission Allowances (EUA), while M37R.DE tracks Solactive ETC Group Global Metaverse. Their fees differ too: 0.89% for FCO2.DE and 0.65% for M37R.DE.
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