M37R.DE vs. WELU.DE
M37R.DE (HANetf ETC Group Global Metaverse UCITS ETF) and WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) are both Technology Equities funds - M37R.DE tracks the Solactive ETC Group Global Metaverse while WELU.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past year, M37R.DE returned -5.22% vs 44.17% for WELU.DE. A 0.73 correlation means they provide meaningful diversification when combined. M37R.DE charges 0.65%/yr vs 0.18%/yr for WELU.DE.
Performance
M37R.DE vs. WELU.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 WELU.DE's 21.54% return.
M37R.DE
- 1D
- 1.15%
- 1M
- 5.28%
- YTD
- -6.38%
- 6M
- -12.87%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WELU.DE
- 1D
- -1.73%
- 1M
- 12.92%
- YTD
- 21.54%
- 6M
- 20.01%
- 1Y
- 44.17%
- 3Y*
- 27.35%
- 5Y*
- —
- 10Y*
- —
M37R.DE vs. WELU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M37R.DE HANetf ETC Group Global Metaverse UCITS ETF | -6.38% | -10.17% | 28.74% |
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc | 21.54% | 9.54% | 9.56% |
Correlation
The correlation between M37R.DE and WELU.DE is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.73 |
The correlation between M37R.DE and WELU.DE has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
M37R.DE vs. WELU.DE — Risk / Return Rank
M37R.DE
WELU.DE
M37R.DE vs. WELU.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 Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.70 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.27 | 6.94 | -7.21 |
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 | WELU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 2.15 | -2.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.52 | -1.37 |
Drawdowns
M37R.DE vs. WELU.DE - Drawdown Comparison
The maximum M37R.DE drawdown since its inception was -38.85%, which is greater than WELU.DE's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for M37R.DE and WELU.DE.
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Drawdown Indicators
| M37R.DE | WELU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -28.67% | -10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -16.26% | -22.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.67% | — |
Current DrawdownCurrent decline from peak | -24.62% | -2.65% | -21.97% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -4.74% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 6.35% | +12.64% |
Volatility
M37R.DE vs. WELU.DE - Volatility Comparison
HANetf ETC Group Global Metaverse UCITS ETF (M37R.DE) has a higher volatility of 10.35% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) at 6.70%. This indicates that M37R.DE's price experiences larger fluctuations and is considered to be riskier than WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 6.70% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 14.75% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 20.41% | +8.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 22.28% | +9.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 22.28% | +9.76% |
M37R.DE vs. WELU.DE - Expense Ratio Comparison
M37R.DE has a 0.65% expense ratio, which is higher than WELU.DE's 0.18% expense ratio.
Dividends
M37R.DE vs. WELU.DE - Dividend Comparison
Neither M37R.DE nor WELU.DE has paid dividends to shareholders.
Frequently Asked Questions
M37R.DE and WELU.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELU.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 WELU.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: HANetf and Amundi. Their fees differ too: 0.65% for M37R.DE and 0.18% for WELU.DE.
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