METU.L vs. LOCK.L
METU.L (Franklin AI, Metaverse and Blockchain UCITS ETF USD Acc) and LOCK.L (iShares Digital Security UCITS ETF USD Acc) are both Technology Equities funds - METU.L tracks the Solactive Global Metaverse Innovation Index while LOCK.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, METU.L returned 26.66%/yr vs 18.87%/yr for LOCK.L. A 0.70 correlation means they provide meaningful diversification when combined. METU.L charges 0.30%/yr vs 0.40%/yr for LOCK.L.
Performance
METU.L vs. LOCK.L - Performance Comparison
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Different Trading Currencies
METU.L is traded in GBP, while LOCK.L is traded in USD. To make them comparable, the LOCK.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with METU.L having a 19.26% return and LOCK.L slightly higher at 19.99%.
METU.L
- 1D
- -1.70%
- 1M
- 15.94%
- YTD
- 19.26%
- 6M
- 13.72%
- 1Y
- 43.71%
- 3Y*
- 26.66%
- 5Y*
- —
- 10Y*
- —
LOCK.L
- 1D
- -1.95%
- 1M
- 11.03%
- YTD
- 19.99%
- 6M
- 20.38%
- 1Y
- 26.49%
- 3Y*
- 18.87%
- 5Y*
- 11.23%
- 10Y*
- —
METU.L vs. LOCK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
METU.L Franklin AI, Metaverse and Blockchain UCITS ETF USD Acc | 19.26% | 10.47% | 21.99% | 66.81% | -24.07% |
LOCK.L iShares Digital Security UCITS ETF USD Acc | 19.99% | 3.43% | 18.88% | 27.28% | -11.32% |
Correlation
The correlation between METU.L and LOCK.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 (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2022 | 0.70 |
The correlation between METU.L and LOCK.L shifts across timeframes, from 0.58 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
METU.L vs. LOCK.L — Risk / Return Rank
METU.L
LOCK.L
METU.L vs. LOCK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin AI, Metaverse and Blockchain UCITS ETF USD Acc (METU.L) and iShares Digital Security UCITS ETF USD Acc (LOCK.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.
| METU.L | LOCK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.10 | -0.68 |
| Martin ratioReturn relative to average drawdown | 3.33 | 4.81 | -1.48 |
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
| METU.L | LOCK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.29 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.59 | +0.19 |
Drawdowns
METU.L vs. LOCK.L - Drawdown Comparison
The maximum METU.L drawdown since its inception was -32.01%, which is greater than LOCK.L's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for METU.L and LOCK.L.
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Drawdown Indicators
| METU.L | LOCK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -27.28% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -30.55% | -12.55% | -18.00% |
Max Drawdown (3Y)Largest decline over 3 years | -32.01% | -24.36% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.28% | — |
Current DrawdownCurrent decline from peak | -2.70% | -2.52% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -8.06% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.08% | 5.49% | +7.59% |
Volatility
METU.L vs. LOCK.L - Volatility Comparison
The current volatility for Franklin AI, Metaverse and Blockchain UCITS ETF USD Acc (METU.L) is 7.66%, while iShares Digital Security UCITS ETF USD Acc (LOCK.L) has a volatility of 8.23%. This indicates that METU.L experiences smaller price fluctuations and is considered to be less risky than LOCK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METU.L | LOCK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 8.23% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 16.47% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 20.42% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.11% | 20.06% | +7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.11% | 20.30% | +6.81% |
METU.L vs. LOCK.L - Expense Ratio Comparison
METU.L has a 0.30% expense ratio, which is lower than LOCK.L's 0.40% expense ratio.
Dividends
METU.L vs. LOCK.L - Dividend Comparison
Neither METU.L nor LOCK.L has paid dividends to shareholders.
Frequently Asked Questions
METU.L and LOCK.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.
On fees, METU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
METU.L is cheaper with a 0.30% expense ratio, compared with 0.40% for LOCK.L.
METU.L tracks Solactive Global Metaverse Innovation Index, while LOCK.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.30% for METU.L and 0.40% for LOCK.L.
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