METP.L vs. DRVE.L

Last updated Jun 5, 2026

METP.L (HANetf ETC Group Global Metaverse UCITS ETF) and DRVE.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from HANetf and Global X respectively. Both are passively managed. Over the past year, METP.L returned -3.64% vs 89.84% for DRVE.L. A 0.61 correlation means they provide meaningful diversification when combined. METP.L charges 0.65%/yr vs 0.50%/yr for DRVE.L.

Performance

METP.L vs. DRVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HANetf ETC Group Global Metaverse UCITS ETF (METP.L) and Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

METP.L is traded in GBp, while DRVE.L is traded in USD. To make them comparable, the DRVE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, METP.L achieves a -8.08% return, which is significantly lower than DRVE.L's 40.66% return.

METP.L

• 1D: -5.28%
• 1M: 4.65%
• YTD: -8.08%
• 6M: -14.44%
• 1Y: -3.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRVE.L

• 1D: -1.76%
• 1M: 9.58%
• YTD: 40.66%
• 6M: 38.55%
• 1Y: 89.84%
• 3Y*: 18.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

METP.L vs. DRVE.L - Yearly Performance Comparison

	2026 (YTD)	2025
METP.L HANetf ETC Group Global Metaverse UCITS ETF	-8.08%	21.88%
DRVE.L Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating	40.66%	44.21%

Correlation

The correlation between METP.L and DRVE.L is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.61

The correlation between METP.L and DRVE.L has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

Return for Risk

METP.L vs. DRVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

METP.L

METP.L Risk / Return Rank: 9
METP.L Sharpe Ratio Rank: 8
METP.L Sortino Ratio Rank: 10
METP.L Omega Ratio Rank: 11
METP.L Calmar Ratio Rank: 8
METP.L Martin Ratio Rank: 8

DRVE.L

DRVE.L Risk / Return Rank: 92
DRVE.L Sharpe Ratio Rank: 94
DRVE.L Sortino Ratio Rank: 92
DRVE.L Omega Ratio Rank: 88
DRVE.L Calmar Ratio Rank: 94
DRVE.L Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

METP.L vs. DRVE.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 Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.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	DRVE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	3.82	-3.89
Sortino ratio: Return per unit of downside risk	0.29	4.68	-4.39
Omega ratio: Gain probability vs. loss probability	1.05	1.58	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.07	8.44	-8.51
Martin ratio: Return relative to average drawdown	-0.12	23.89	-24.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

METP.L vs. DRVE.L - Sharpe Ratio Comparison

The current METP.L Sharpe Ratio is -0.07, which is lower than the DRVE.L Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of METP.L and DRVE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	METP.L	DRVE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	3.82	-3.89
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.27	-0.06

Drawdowns

METP.L vs. DRVE.L - Drawdown Comparison

The maximum METP.L drawdown since its inception was -53.17%, which is greater than DRVE.L's maximum drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for METP.L and DRVE.L.

Drawdown Indicators

	METP.L	DRVE.L	Difference
Max Drawdown Largest peak-to-trough decline	-53.17%	-38.87%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	-53.17%	-10.59%	-42.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.14%	—
Current Drawdown Current decline from peak	-42.94%	-2.18%	-40.76%
Average Drawdown Average peak-to-trough decline	-23.16%	-17.15%	-6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.91%	3.75%	+28.16%

Volatility

METP.L vs. DRVE.L - Volatility Comparison

HANetf ETC Group Global Metaverse UCITS ETF (METP.L) and Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.L) have volatilities of 10.24% and 10.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METP.L	DRVE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.24%	10.49%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	17.64%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	52.25%	23.43%	+28.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.09%	33.86%	+17.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.09%	33.86%	+17.23%

METP.L vs. DRVE.L - Expense Ratio Comparison

METP.L has a 0.65% expense ratio, which is higher than DRVE.L's 0.50% expense ratio.

Dividends

METP.L vs. DRVE.L - Dividend Comparison

Neither METP.L nor DRVE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both METP.L and DRVE.L in my portfolio?

METP.L and DRVE.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METP.L or DRVE.L?

On fees, DRVE.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METP.L or DRVE.L?

DRVE.L is cheaper with a 0.50% expense ratio, compared with 0.65% for METP.L.

What is the main difference between METP.L and DRVE.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: HANetf and Global X. Their fees differ too: 0.65% for METP.L and 0.50% for DRVE.L.