IROB.DE vs. MTVR.DE
IROB.DE (L&G ROBO Global Robotics and Automation UCITS ETF) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds from Legal & General - IROB.DE tracks the ROBO-STOX® Global Robotics and Automation while MTVR.DE tracks the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, IROB.DE returned 13.62%/yr vs 48.38%/yr for MTVR.DE. A 0.79 correlation means they provide meaningful diversification when combined. IROB.DE charges 0.80%/yr vs 0.39%/yr for MTVR.DE.
Performance
IROB.DE vs. MTVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IROB.DE achieves a 28.27% return, which is significantly lower than MTVR.DE's 72.46% return.
IROB.DE
- 1D
- -1.49%
- 1M
- 6.54%
- YTD
- 28.27%
- 6M
- 25.45%
- 1Y
- 53.74%
- 3Y*
- 13.62%
- 5Y*
- 7.96%
- 10Y*
- 13.49%
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
IROB.DE vs. MTVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IROB.DE L&G ROBO Global Robotics and Automation UCITS ETF | 28.27% | 10.23% | 4.18% | 20.94% | -5.30% |
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 IROB.DE and MTVR.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.79 |
The correlation between IROB.DE and MTVR.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
IROB.DE vs. MTVR.DE — Risk / Return Rank
IROB.DE
MTVR.DE
IROB.DE vs. MTVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ROBO Global Robotics and Automation UCITS ETF (IROB.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.
| IROB.DE | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.70 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 9.91 | -5.97 |
| Martin ratioReturn relative to average drawdown | 15.02 | 36.18 | -21.16 |
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
| IROB.DE | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 4.86 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.72 | -1.15 |
Drawdowns
IROB.DE vs. MTVR.DE - Drawdown Comparison
The maximum IROB.DE drawdown since its inception was -36.52%, 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 IROB.DE and MTVR.DE.
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Drawdown Indicators
| IROB.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -30.86% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -12.65% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -31.95% | -30.86% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -36.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -3.30% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -5.32% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.47% | +0.13% |
Volatility
IROB.DE vs. MTVR.DE - Volatility Comparison
The current volatility for L&G ROBO Global Robotics and Automation UCITS ETF (IROB.DE) is 7.52%, while L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a volatility of 10.70%. This indicates that IROB.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
| IROB.DE | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 10.70% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 19.34% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.72% | 25.77% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 25.35% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 25.35% | -4.34% |
IROB.DE vs. MTVR.DE - Expense Ratio Comparison
IROB.DE has a 0.80% expense ratio, which is higher than MTVR.DE's 0.39% expense ratio.
Dividends
IROB.DE vs. MTVR.DE - Dividend Comparison
Neither IROB.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
IROB.DE and MTVR.DE have a correlation of 0.72, 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 0.80% for IROB.DE.
IROB.DE tracks ROBO-STOX® Global Robotics and Automation, while MTVR.DE tracks iStoxx Access Metaverse. Their fees differ too: 0.80% for IROB.DE and 0.39% for MTVR.DE.
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