METP.L vs. BLOK.L
METP.L (HANetf ETC Group Global Metaverse UCITS ETF) and BLOK.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from HANetf and First Trust respectively. Both are passively managed. Over the past year, METP.L returned -3.64% vs 31.97% for BLOK.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
METP.L vs. BLOK.L - Performance Comparison
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Returns By Period
In the year-to-date period, METP.L achieves a -8.08% return, which is significantly lower than BLOK.L's 12.48% return.
METP.L
- 1D
- -5.28%
- 1M
- 4.65%
- YTD
- -8.08%
- 6M
- -14.44%
- 1Y
- -3.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOK.L
- 1D
- 0.18%
- 1M
- 7.30%
- YTD
- 12.48%
- 6M
- 15.11%
- 1Y
- 31.97%
- 3Y*
- 20.74%
- 5Y*
- 13.02%
- 10Y*
- —
METP.L vs. BLOK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METP.L HANetf ETC Group Global Metaverse UCITS ETF | -8.08% | 21.88% |
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 12.48% | 25.39% |
Correlation
The correlation between METP.L and BLOK.L is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.58 |
The correlation between METP.L and BLOK.L has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
METP.L vs. BLOK.L — Risk / Return Rank
METP.L
BLOK.L
METP.L vs. BLOK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf ETC Group Global Metaverse UCITS ETF (METP.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L). 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.
| METP.L | BLOK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.46 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 4.37 | -4.44 |
| Martin ratioReturn relative to average drawdown | -0.12 | 15.63 | -15.75 |
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
| METP.L | BLOK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.58 | -2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.85 | -0.64 |
Drawdowns
METP.L vs. BLOK.L - Drawdown Comparison
The maximum METP.L drawdown since its inception was -53.17%, which is greater than BLOK.L's maximum drawdown of -26.23%. Use the drawdown chart below to compare losses from any high point for METP.L and BLOK.L.
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Drawdown Indicators
| METP.L | BLOK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.17% | -26.23% | -26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -53.17% | -7.28% | -45.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.43% | — |
Current DrawdownCurrent decline from peak | -42.94% | -1.12% | -41.82% |
Average DrawdownAverage peak-to-trough decline | -23.16% | -4.27% | -18.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.91% | 2.04% | +29.87% |
Volatility
METP.L vs. BLOK.L - Volatility Comparison
HANetf ETC Group Global Metaverse UCITS ETF (METP.L) has a higher volatility of 10.24% compared to First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) at 4.12%. This indicates that METP.L's price experiences larger fluctuations and is considered to be riskier than BLOK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METP.L | BLOK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 4.12% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 8.86% | +11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.25% | 12.33% | +39.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.09% | 13.85% | +37.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.09% | 16.14% | +34.95% |
METP.L vs. BLOK.L - Expense Ratio Comparison
Both METP.L and BLOK.L have an expense ratio of 0.65%.
Dividends
METP.L vs. BLOK.L - Dividend Comparison
Neither METP.L nor BLOK.L has paid dividends to shareholders.
Frequently Asked Questions
METP.L and BLOK.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
METP.L and BLOK.L have the same expense ratio: 0.65% per year.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: HANetf and First Trust.
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