M37R.DE vs. FCO2.DE
M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) and FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) are both exchange-traded funds - M37R.DE is a Technology Equities fund tracking the Solactive ETC Group Global Metaverse, while FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA). Both are passively managed. Over the past year, M37R.DE returned -5.22% vs 5.04% for FCO2.DE. At a 0.15 correlation, their price movements are largely independent. M37R.DE charges 0.65%/yr vs 0.89%/yr for FCO2.DE.
Performance
M37R.DE vs. FCO2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, M37R.DE achieves a -6.38% return, which is significantly higher than FCO2.DE's -10.46% return.
M37R.DE
- 1D
- 1.15%
- 1M
- 5.28%
- YTD
- -6.38%
- 6M
- -12.87%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCO2.DE
- 1D
- -2.02%
- 1M
- 1.82%
- YTD
- -10.46%
- 6M
- -8.30%
- 1Y
- 5.04%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
M37R.DE vs. FCO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | 5.59% |
Correlation
The correlation between M37R.DE and FCO2.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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
M37R.DE vs. FCO2.DE — Risk / Return Rank
M37R.DE
FCO2.DE
M37R.DE vs. FCO2.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 SparkChange Physical Carbon EUA ETC (FCO2.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 | FCO2.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 | 0.99 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.16 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.27 | 0.41 | -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. | |||
Loading charts...
Sharpe Ratios by Period
| M37R.DE | FCO2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 0.19 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.07 | +0.22 |
Drawdowns
M37R.DE vs. FCO2.DE - Drawdown Comparison
The maximum M37R.DE drawdown since its inception was -38.85%, smaller than the maximum FCO2.DE drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for M37R.DE and FCO2.DE.
Loading charts...
Drawdown Indicators
| M37R.DE | FCO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -48.49% | +9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -31.46% | -7.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.60% | — |
Current DrawdownCurrent decline from peak | -24.62% | -24.40% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -23.38% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 12.41% | +6.58% |
Volatility
M37R.DE vs. FCO2.DE - Volatility Comparison
HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) has a higher volatility of 10.35% compared to HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) at 5.99%. This indicates that M37R.DE's price experiences larger fluctuations and is considered to be riskier than FCO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| M37R.DE | FCO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 5.99% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 22.94% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 26.69% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 34.04% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 34.04% | -2.00% |
M37R.DE vs. FCO2.DE - Expense Ratio Comparison
M37R.DE has a 0.65% expense ratio, which is lower than FCO2.DE's 0.89% expense ratio.
Dividends
M37R.DE vs. FCO2.DE - Dividend Comparison
Neither M37R.DE nor FCO2.DE has paid dividends to shareholders.
Frequently Asked Questions
M37R.DE and FCO2.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.
M37R.DE is categorized as Technology Equities, while FCO2.DE is Commodities. M37R.DE tracks Solactive ETC Group Global Metaverse, while FCO2.DE tracks EU Carbon Emission Allowances (EUA). Their fees differ too: 0.65% for M37R.DE and 0.89% for FCO2.DE.
Find the right allocation for M37R.DE and FCO2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer