METP.L vs. PMLP.L

Last updated Jun 4, 2026

METP.L (HANetf ETC Group Global Metaverse UCITS ETF) and PMLP.L (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both exchange-traded funds - METP.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while PMLP.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past year, METP.L returned 1.61% vs 28.41% for PMLP.L. At a correlation of -0.06, they often move in opposite directions. METP.L charges 0.65%/yr vs 0.40%/yr for PMLP.L.

Performance

METP.L vs. PMLP.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 HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METP.L achieves a -2.96% return, which is significantly lower than PMLP.L's 26.71% return.

METP.L

• 1D: 0.40%
• 1M: 9.18%
• YTD: -2.96%
• 6M: -8.15%
• 1Y: 1.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMLP.L

• 1D: 1.96%
• 1M: 1.75%
• YTD: 26.71%
• 6M: 26.31%
• 1Y: 28.41%
• 3Y*: 22.73%
• 5Y*: 19.87%
• 10Y*: —

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

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

	2026 (YTD)	2025
METP.L HANetf ETC Group Global Metaverse UCITS ETF	-2.96%	21.88%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	26.71%	3.12%

Correlation

The correlation between METP.L and PMLP.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.06

Return for Risk

METP.L vs. PMLP.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: 12
METP.L Sharpe Ratio Rank: 10
METP.L Sortino Ratio Rank: 14
METP.L Omega Ratio Rank: 16
METP.L Calmar Ratio Rank: 10
METP.L Martin Ratio Rank: 10

PMLP.L

PMLP.L Risk / Return Rank: 44
PMLP.L Sharpe Ratio Rank: 42
PMLP.L Sortino Ratio Rank: 39
PMLP.L Omega Ratio Rank: 39
PMLP.L Calmar Ratio Rank: 53
PMLP.L Martin Ratio Rank: 46

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. PMLP.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 HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.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	PMLP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.10	1.50	-1.41
Sortino ratio: Return per unit of downside risk	0.58	2.03	-1.45
Omega ratio: Gain probability vs. loss probability	1.09	1.26	-0.16
Calmar ratio: Return relative to maximum drawdown	0.09	2.61	-2.52
Martin ratio: Return relative to average drawdown	0.16	7.58	-7.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current METP.L Sharpe Ratio is 0.10, which is lower than the PMLP.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of METP.L and PMLP.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	PMLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.50	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.28	-0.95

Drawdowns

METP.L vs. PMLP.L - Drawdown Comparison

The maximum METP.L drawdown since its inception was -53.17%, which is greater than PMLP.L's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for METP.L and PMLP.L.

Drawdown Indicators

	METP.L	PMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-53.17%	-20.50%	-32.67%
Max Drawdown (1Y) Largest decline over 1 year	-53.17%	-10.82%	-42.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.50%	—
Current Drawdown Current decline from peak	-39.76%	-4.31%	-35.45%
Average Drawdown Average peak-to-trough decline	-23.08%	-5.88%	-17.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.79%	3.73%	+28.06%

Volatility

METP.L vs. PMLP.L - Volatility Comparison

HANetf ETC Group Global Metaverse UCITS ETF (METP.L) has a higher volatility of 8.47% compared to HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) at 7.40%. This indicates that METP.L's price experiences larger fluctuations and is considered to be riskier than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METP.L	PMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	7.40%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	19.76%	15.48%	+4.28%
Volatility (1Y) Calculated over the trailing 1-year period	52.01%	18.87%	+33.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.93%	19.86%	+31.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.93%	21.34%	+29.59%

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

METP.L has a 0.65% expense ratio, which is higher than PMLP.L's 0.40% expense ratio.

Dividends

METP.L vs. PMLP.L - Dividend Comparison

METP.L has not paid dividends to shareholders, while PMLP.L's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022	2021	2020
METP.L HANetf ETC Group Global Metaverse UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	2.74%	3.31%	3.37%	6.48%	6.12%	6.57%	4.17%

Frequently Asked Questions

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

METP.L and PMLP.L have a correlation of -0.09, 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 PMLP.L?

On fees, PMLP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

PMLP.L is cheaper with a 0.40% expense ratio, compared with 0.65% for METP.L.

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

METP.L is categorized as Technology Equities, while PMLP.L is Energy Equities. METP.L tracks MSCI World/Information Tech NR USD, while PMLP.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.65% for METP.L and 0.40% for PMLP.L.