M37R.DE vs. VVSM.DE
M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - M37R.DE is a Technology Equities fund tracking the Solactive ETC Group Global Metaverse, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past year, M37R.DE returned -5.22% vs 166.04% for VVSM.DE. A 0.61 correlation means they provide meaningful diversification when combined. M37R.DE charges 0.65%/yr vs 0.35%/yr for VVSM.DE.
Performance
M37R.DE vs. VVSM.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 VVSM.DE's 86.02% return.
M37R.DE
- 1D
- 1.15%
- 1M
- 5.28%
- YTD
- -6.38%
- 6M
- -12.87%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VVSM.DE
- 1D
- -2.77%
- 1M
- 22.85%
- YTD
- 86.02%
- 6M
- 85.84%
- 1Y
- 166.04%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
M37R.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 3.31% |
Correlation
The correlation between M37R.DE and VVSM.DE is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.61 |
The correlation between M37R.DE and VVSM.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
M37R.DE vs. VVSM.DE — Risk / Return Rank
M37R.DE
VVSM.DE
M37R.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.35 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.68 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 14.16 | -14.30 |
| Martin ratioReturn relative to average drawdown | -0.27 | 48.94 | -49.21 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 5.17 | -5.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.24 | -1.09 |
Drawdowns
M37R.DE vs. VVSM.DE - Drawdown Comparison
The maximum M37R.DE drawdown since its inception was -38.85%, roughly equal to the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for M37R.DE and VVSM.DE.
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Drawdown Indicators
| M37R.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -37.64% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -11.65% | -27.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.64% | — |
Current DrawdownCurrent decline from peak | -24.62% | -2.77% | -21.85% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -10.22% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 3.38% | +15.61% |
Volatility
M37R.DE vs. VVSM.DE - Volatility Comparison
The current volatility for HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) is 10.35%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that M37R.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 12.04% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 24.35% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 31.92% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 31.15% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 30.81% | +1.23% |
M37R.DE vs. VVSM.DE - Expense Ratio Comparison
M37R.DE has a 0.65% expense ratio, which is higher than VVSM.DE's 0.35% expense ratio.
Dividends
M37R.DE vs. VVSM.DE - Dividend Comparison
Neither M37R.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
M37R.DE and VVSM.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for M37R.DE.
M37R.DE is categorized as Technology Equities, while VVSM.DE is Semiconductors. M37R.DE tracks Solactive ETC Group Global Metaverse, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: HANetf and VanEck. Their fees differ too: 0.65% for M37R.DE and 0.35% for VVSM.DE.
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