M37R.DE vs. ECLM.DE
M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) and ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) are both exchange-traded funds - M37R.DE is a Technology Equities fund tracking the Solactive ETC Group Global Metaverse, while ECLM.DE is a Global Equities fund tracking the iClima Global Decarbonisation Enablers. Both are passively managed. Over the past year, M37R.DE returned -5.22% vs 37.06% for ECLM.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
M37R.DE vs. ECLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M37R.DE achieves a -6.38% return, which is significantly lower than ECLM.DE's 18.15% return.
M37R.DE
- 1D
- 1.15%
- 1M
- 5.28%
- YTD
- -6.38%
- 6M
- -12.87%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECLM.DE
- 1D
- -1.47%
- 1M
- 5.70%
- YTD
- 18.15%
- 6M
- 17.28%
- 1Y
- 37.06%
- 3Y*
- 4.30%
- 5Y*
- -0.34%
- 10Y*
- —
M37R.DE vs. ECLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 18.15% | 12.83% | -8.70% |
Correlation
The correlation between M37R.DE and ECLM.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.52 |
The correlation between M37R.DE and ECLM.DE has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.
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Return for Risk
M37R.DE vs. ECLM.DE — Risk / Return Rank
M37R.DE
ECLM.DE
M37R.DE vs. ECLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) and HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.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.
| M37R.DE | ECLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.87 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.27 | 3.63 | -3.90 |
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
| M37R.DE | ECLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 1.29 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.10 | +0.05 |
Drawdowns
M37R.DE vs. ECLM.DE - Drawdown Comparison
The maximum M37R.DE drawdown since its inception was -38.85%, smaller than the maximum ECLM.DE drawdown of -49.88%. Use the drawdown chart below to compare losses from any high point for M37R.DE and ECLM.DE.
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Drawdown Indicators
| M37R.DE | ECLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -49.88% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -19.77% | -19.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.88% | — |
Current DrawdownCurrent decline from peak | -24.62% | -16.23% | -8.39% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -24.19% | +9.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 10.19% | +8.80% |
Volatility
M37R.DE vs. ECLM.DE - Volatility Comparison
HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) has a higher volatility of 10.35% compared to HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) at 6.50%. This indicates that M37R.DE's price experiences larger fluctuations and is considered to be riskier than ECLM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M37R.DE | ECLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 6.50% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 13.35% | +7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 28.64% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 23.04% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 23.35% | +8.69% |
M37R.DE vs. ECLM.DE - Expense Ratio Comparison
Both M37R.DE and ECLM.DE have an expense ratio of 0.65%.
Dividends
M37R.DE vs. ECLM.DE - Dividend Comparison
Neither M37R.DE nor ECLM.DE has paid dividends to shareholders.
Frequently Asked Questions
M37R.DE and ECLM.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
M37R.DE and ECLM.DE have the same expense ratio: 0.65% per year.
M37R.DE is categorized as Technology Equities, while ECLM.DE is Global Equities. M37R.DE tracks Solactive ETC Group Global Metaverse, while ECLM.DE tracks iClima Global Decarbonisation Enablers.
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