M37R.DE vs. ES6Y.DE
M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) and ES6Y.DE (L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - M37R.DE tracks the Solactive ETC Group Global Metaverse while ES6Y.DE tracks the Solactive Emerging Cyber Security. Both are passively managed. Over the past year, M37R.DE returned -5.78% vs 55.75% for ES6Y.DE. A 0.67 correlation means they provide meaningful diversification when combined. M37R.DE charges 0.65%/yr vs 0.49%/yr for ES6Y.DE.
Performance
M37R.DE vs. ES6Y.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 ES6Y.DE's 59.99% return.
M37R.DE
- 1D
- 1.15%
- 1M
- 4.82%
- YTD
- -6.38%
- 6M
- -12.36%
- 1Y
- -5.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ES6Y.DE
- 1D
- -0.82%
- 1M
- 24.88%
- YTD
- 59.99%
- 6M
- 53.39%
- 1Y
- 55.75%
- 3Y*
- 33.66%
- 5Y*
- —
- 10Y*
- —
M37R.DE vs. ES6Y.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating | 59.99% | -9.21% | 27.30% |
Correlation
The correlation between M37R.DE and ES6Y.DE is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.67 |
The correlation between M37R.DE and ES6Y.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
M37R.DE vs. ES6Y.DE — Risk / Return Rank
M37R.DE
ES6Y.DE
M37R.DE vs. ES6Y.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 L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.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 | ES6Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.77 | -3.91 |
| Martin ratioReturn relative to average drawdown | -0.27 | 9.25 | -9.52 |
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 | ES6Y.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 2.18 | -2.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.99 | -0.84 |
Drawdowns
M37R.DE vs. ES6Y.DE - Drawdown Comparison
The maximum M37R.DE drawdown since its inception was -38.85%, which is greater than ES6Y.DE's maximum drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for M37R.DE and ES6Y.DE.
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Drawdown Indicators
| M37R.DE | ES6Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -34.72% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -15.05% | -23.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.72% | — |
Current DrawdownCurrent decline from peak | -24.62% | -1.36% | -23.26% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -9.52% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 6.15% | +12.84% |
Volatility
M37R.DE vs. ES6Y.DE - Volatility Comparison
HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) and L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) have volatilities of 10.35% and 10.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M37R.DE | ES6Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 10.01% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 20.66% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 26.06% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 26.64% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 26.64% | +5.40% |
M37R.DE vs. ES6Y.DE - Expense Ratio Comparison
M37R.DE has a 0.65% expense ratio, which is higher than ES6Y.DE's 0.49% expense ratio.
Dividends
M37R.DE vs. ES6Y.DE - Dividend Comparison
Neither M37R.DE nor ES6Y.DE has paid dividends to shareholders.
Frequently Asked Questions
M37R.DE and ES6Y.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ES6Y.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ES6Y.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for M37R.DE.
M37R.DE tracks Solactive ETC Group Global Metaverse, while ES6Y.DE tracks Solactive Emerging Cyber Security. They also come from different issuers: HANetf and Legal & General. Their fees differ too: 0.65% for M37R.DE and 0.49% for ES6Y.DE.
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