MTRL.L vs. BRIP.L
MTRL.L (SPDR® MSCI Europe Materials UCITS ETF) and BRIP.L (Global X European Infrastructure Development UCITS ETF EUR Accumulating) are both Industrials Equities funds - MTRL.L tracks the MSCI World/Materials NR USD while BRIP.L tracks the Mirae Asset European Infrastructure Development Index. Both are passively managed. Over the past year, MTRL.L returned 25.69% vs 9.02% for BRIP.L. A 0.55 correlation means they provide meaningful diversification when combined. MTRL.L charges 0.18%/yr vs 0.47%/yr for BRIP.L.
Performance
MTRL.L vs. BRIP.L - Performance Comparison
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Different Trading Currencies
MTRL.L is traded in EUR, while BRIP.L is traded in GBP. To make them comparable, the BRIP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, MTRL.L achieves a 17.94% return, which is significantly higher than BRIP.L's 7.34% return.
MTRL.L
- 1D
- -0.60%
- 1M
- 5.64%
- YTD
- 17.94%
- 6M
- 21.88%
- 1Y
- 25.69%
- 3Y*
- 12.34%
- 5Y*
- 6.68%
- 10Y*
- —
BRIP.L
- 1D
- -0.34%
- 1M
- -0.54%
- YTD
- 7.34%
- 6M
- 8.57%
- 1Y
- 9.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTRL.L vs. BRIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MTRL.L SPDR® MSCI Europe Materials UCITS ETF | 17.94% | 12.76% | -3.96% |
BRIP.L Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.34% | 26.51% | -1.74% |
Correlation
The correlation between MTRL.L and BRIP.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 Sep 6, 2024 | 0.55 |
The correlation between MTRL.L and BRIP.L has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.
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Return for Risk
MTRL.L vs. BRIP.L — Risk / Return Rank
MTRL.L
BRIP.L
MTRL.L vs. BRIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) and Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.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.
| MTRL.L | BRIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.96 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.85 | 2.70 | +5.15 |
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
| MTRL.L | BRIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.61 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.19 | -0.36 |
Drawdowns
MTRL.L vs. BRIP.L - Drawdown Comparison
The maximum MTRL.L drawdown since its inception was -32.80%, which is greater than BRIP.L's maximum drawdown of -10.94%. Use the drawdown chart below to compare losses from any high point for MTRL.L and BRIP.L.
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Drawdown Indicators
| MTRL.L | BRIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -10.94% | -21.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -9.38% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -4.70% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -2.43% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.30% | -0.03% |
Volatility
MTRL.L vs. BRIP.L - Volatility Comparison
SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) has a higher volatility of 6.73% compared to Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) at 5.33%. This indicates that MTRL.L's price experiences larger fluctuations and is considered to be riskier than BRIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTRL.L | BRIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 5.33% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 12.40% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 14.78% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 15.17% | +6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.28% | 15.17% | +14.11% |
MTRL.L vs. BRIP.L - Expense Ratio Comparison
MTRL.L has a 0.18% expense ratio, which is lower than BRIP.L's 0.47% expense ratio.
Dividends
MTRL.L vs. BRIP.L - Dividend Comparison
Neither MTRL.L nor BRIP.L has paid dividends to shareholders.
Frequently Asked Questions
MTRL.L and BRIP.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.
On fees, MTRL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTRL.L is cheaper with a 0.18% expense ratio, compared with 0.47% for BRIP.L.
MTRL.L tracks MSCI World/Materials NR USD, while BRIP.L tracks Mirae Asset European Infrastructure Development Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.18% for MTRL.L and 0.47% for BRIP.L.
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