MTRL.L vs. XLIP.L
Compare and contrast key facts about SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) and Invesco US Industrials Sector UCITS ETF (XLIP.L).
MTRL.L and XLIP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTRL.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Materials NR USD. It was launched on Dec 5, 2014. XLIP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Materials NR USD. It was launched on Dec 16, 2009. Both MTRL.L and XLIP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MTRL.L vs. XLIP.L - Performance Comparison
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MTRL.L vs. XLIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTRL.L SPDR® MSCI Europe Materials UCITS ETF | 8.31% | 12.76% | -2.85% | 10.37% | -7.69% | 25.61% | 11.68% | 23.61% | -10.78% | 16.85% |
XLIP.L Invesco US Industrials Sector UCITS ETF | 7.34% | 5.32% | 25.03% | 13.92% | 0.65% | 30.02% | 0.40% | 32.76% | -10.52% | 5.25% |
Different Trading Currencies
MTRL.L is traded in EUR, while XLIP.L is traded in GBp. To make them comparable, the XLIP.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 8.31% return, which is significantly higher than XLIP.L's 7.34% return.
MTRL.L
- 1D
- 1.89%
- 1M
- -2.19%
- YTD
- 8.31%
- 6M
- 15.38%
- 1Y
- 19.02%
- 3Y*
- 10.02%
- 5Y*
- 6.32%
- 10Y*
- —
XLIP.L
- 1D
- 3.20%
- 1M
- -6.17%
- YTD
- 7.34%
- 6M
- 9.04%
- 1Y
- 18.21%
- 3Y*
- 16.80%
- 5Y*
- 12.65%
- 10Y*
- 12.53%
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MTRL.L vs. XLIP.L - Expense Ratio Comparison
MTRL.L has a 0.18% expense ratio, which is higher than XLIP.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MTRL.L vs. XLIP.L — Risk / Return Rank
MTRL.L
XLIP.L
MTRL.L vs. XLIP.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 Invesco US Industrials Sector UCITS ETF (XLIP.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 | XLIP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.00 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.43 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.92 | -0.38 |
Martin ratioReturn relative to average drawdown | 5.51 | 6.31 | -0.80 |
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 | XLIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.00 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.76 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.67 | +0.11 |
Correlation
The correlation between MTRL.L and XLIP.L is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MTRL.L vs. XLIP.L - Dividend Comparison
Neither MTRL.L nor XLIP.L has paid dividends to shareholders.
Drawdowns
MTRL.L vs. XLIP.L - Drawdown Comparison
The maximum MTRL.L drawdown since its inception was -32.80%, smaller than the maximum XLIP.L drawdown of -41.07%. Use the drawdown chart below to compare losses from any high point for MTRL.L and XLIP.L.
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Drawdown Indicators
| MTRL.L | XLIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -34.56% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -11.51% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -21.02% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.56% | — |
Current DrawdownCurrent decline from peak | -5.18% | -6.45% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -4.44% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.69% | +0.98% |
Volatility
MTRL.L vs. XLIP.L - Volatility Comparison
SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) has a higher volatility of 7.57% compared to Invesco US Industrials Sector UCITS ETF (XLIP.L) at 5.41%. This indicates that MTRL.L's price experiences larger fluctuations and is considered to be riskier than XLIP.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 | XLIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 5.41% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 10.01% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 18.15% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.69% | 16.58% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.56% | 19.01% | +10.55% |