M37R.DE vs. WDTE.DE
M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - M37R.DE tracks the Solactive ETC Group Global Metaverse while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past year, M37R.DE returned -5.22% vs 36.88% for WDTE.DE. A 0.72 correlation means they provide meaningful diversification when combined. M37R.DE charges 0.65%/yr vs 0.18%/yr for WDTE.DE.
Performance
M37R.DE vs. WDTE.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 WDTE.DE's 18.32% return.
M37R.DE
- 1D
- 1.15%
- 1M
- 5.28%
- YTD
- -6.38%
- 6M
- -12.87%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
M37R.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 10.52% |
Correlation
The correlation between M37R.DE and WDTE.DE is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.72 |
The correlation between M37R.DE and WDTE.DE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
M37R.DE vs. WDTE.DE — Risk / Return Rank
M37R.DE
WDTE.DE
M37R.DE vs. WDTE.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 Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.33 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.27 | 6.14 | -6.42 |
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 | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 1.88 | -2.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.44 | -1.29 |
Drawdowns
M37R.DE vs. WDTE.DE - Drawdown Comparison
The maximum M37R.DE drawdown since its inception was -38.85%, which is greater than WDTE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for M37R.DE and WDTE.DE.
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Drawdown Indicators
| M37R.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -28.19% | -10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -15.79% | -23.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.19% | — |
Current DrawdownCurrent decline from peak | -24.62% | -3.63% | -20.99% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -4.97% | -9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 5.99% | +13.00% |
Volatility
M37R.DE vs. WDTE.DE - Volatility Comparison
HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) has a higher volatility of 10.35% compared to Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) at 8.26%. This indicates that M37R.DE's price experiences larger fluctuations and is considered to be riskier than WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 8.26% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 15.09% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 19.51% | +9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 21.74% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 21.74% | +10.30% |
M37R.DE vs. WDTE.DE - Expense Ratio Comparison
M37R.DE has a 0.65% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
M37R.DE vs. WDTE.DE - Dividend Comparison
Neither M37R.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
M37R.DE and WDTE.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for M37R.DE.
M37R.DE tracks Solactive ETC Group Global Metaverse, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: HANetf and Invesco. Their fees differ too: 0.65% for M37R.DE and 0.18% for WDTE.DE.
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