METP.L vs. LEGR.L
METP.L (HANetf ETC Group Global Metaverse UCITS ETF) and LEGR.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 32.25% for LEGR.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
METP.L vs. LEGR.L - Performance Comparison
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Different Trading Currencies
METP.L is traded in GBp, while LEGR.L is traded in USD. To make them comparable, the LEGR.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 LEGR.L's 12.71% return.
METP.L
- 1D
- -5.28%
- 1M
- 4.65%
- YTD
- -8.08%
- 6M
- -14.44%
- 1Y
- -3.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LEGR.L
- 1D
- 0.18%
- 1M
- 7.47%
- YTD
- 12.71%
- 6M
- 15.21%
- 1Y
- 32.25%
- 3Y*
- 20.89%
- 5Y*
- 13.08%
- 10Y*
- —
METP.L vs. LEGR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METP.L HANetf ETC Group Global Metaverse UCITS ETF | -8.08% | 21.88% |
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 12.71% | 25.98% |
Correlation
The correlation between METP.L and LEGR.L is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.59 |
The correlation between METP.L and LEGR.L has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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Return for Risk
METP.L vs. LEGR.L — Risk / Return Rank
METP.L
LEGR.L
METP.L vs. LEGR.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 (LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.43 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 4.21 | -4.28 |
| Martin ratioReturn relative to average drawdown | -0.12 | 14.27 | -14.39 |
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 | LEGR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.40 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.80 | -0.58 |
Drawdowns
METP.L vs. LEGR.L - Drawdown Comparison
The maximum METP.L drawdown since its inception was -53.17%, which is greater than LEGR.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for METP.L and LEGR.L.
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Drawdown Indicators
| METP.L | LEGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.17% | -26.80% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -53.17% | -7.63% | -45.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.60% | — |
Current DrawdownCurrent decline from peak | -42.94% | -1.10% | -41.84% |
Average DrawdownAverage peak-to-trough decline | -23.16% | -4.35% | -18.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.91% | 2.25% | +29.66% |
Volatility
METP.L vs. LEGR.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 (LEGR.L) at 4.90%. This indicates that METP.L's price experiences larger fluctuations and is considered to be riskier than LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 4.90% | +5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 10.68% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.25% | 13.40% | +38.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.09% | 15.11% | +35.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.09% | 17.35% | +33.74% |
METP.L vs. LEGR.L - Expense Ratio Comparison
Both METP.L and LEGR.L have an expense ratio of 0.65%.
Dividends
METP.L vs. LEGR.L - Dividend Comparison
Neither METP.L nor LEGR.L has paid dividends to shareholders.
Frequently Asked Questions
METP.L and LEGR.L have a correlation of 0.58, 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 LEGR.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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