FLRA.DE vs. MTVR.DE
FLRA.DE (Franklin Metaverse UCITS ETF USD Capitalisation) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - FLRA.DE tracks the Solactive Global Metaverse Innovation while MTVR.DE tracks the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, FLRA.DE returned 26.58%/yr vs 48.38%/yr for MTVR.DE. Their correlation of 0.81 suggests significant overlap in exposure. FLRA.DE charges 0.30%/yr vs 0.39%/yr for MTVR.DE.
Performance
FLRA.DE vs. MTVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLRA.DE achieves a 19.68% return, which is significantly lower than MTVR.DE's 72.46% return.
FLRA.DE
- 1D
- -1.45%
- 1M
- 16.33%
- YTD
- 19.68%
- 6M
- 14.77%
- 1Y
- 38.95%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
MTVR.DE
- 1D
- -3.30%
- 1M
- 21.00%
- YTD
- 72.46%
- 6M
- 76.77%
- 1Y
- 126.06%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
FLRA.DE vs. MTVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLRA.DE Franklin Metaverse UCITS ETF USD Capitalisation | 19.68% | 5.59% | 27.26% | 71.63% | -21.53% |
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 FLRA.DE and MTVR.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.81 |
The correlation between FLRA.DE and MTVR.DE has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
FLRA.DE vs. MTVR.DE — Risk / Return Rank
FLRA.DE
MTVR.DE
FLRA.DE vs. MTVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.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.
| FLRA.DE | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.70 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 9.91 | -8.58 |
| Martin ratioReturn relative to average drawdown | 3.01 | 36.18 | -33.17 |
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
| FLRA.DE | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 4.86 | -3.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.72 | -0.90 |
Drawdowns
FLRA.DE vs. MTVR.DE - Drawdown Comparison
The maximum FLRA.DE drawdown since its inception was -34.22%, 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 FLRA.DE and MTVR.DE.
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Drawdown Indicators
| FLRA.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -30.86% | -3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -29.17% | -12.65% | -16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -34.22% | -30.86% | -3.36% |
Current DrawdownCurrent decline from peak | -2.92% | -3.30% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -5.32% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 3.47% | +9.44% |
Volatility
FLRA.DE vs. MTVR.DE - Volatility Comparison
The current volatility for Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) is 8.80%, while L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a volatility of 10.70%. This indicates that FLRA.DE experiences smaller price fluctuations and is considered to be less risky 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
| FLRA.DE | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 10.70% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 19.34% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 25.77% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 25.35% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 25.35% | +2.38% |
FLRA.DE vs. MTVR.DE - Expense Ratio Comparison
FLRA.DE has a 0.30% expense ratio, which is lower than MTVR.DE's 0.39% expense ratio.
Dividends
FLRA.DE vs. MTVR.DE - Dividend Comparison
Neither FLRA.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
FLRA.DE and MTVR.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRA.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for MTVR.DE.
FLRA.DE tracks Solactive Global Metaverse Innovation, while MTVR.DE tracks iStoxx Access Metaverse. They also come from different issuers: Franklin Templeton and Legal & General. Their fees differ too: 0.30% for FLRA.DE and 0.39% for MTVR.DE.
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