MTVR.DE vs. EN4C.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) are both exchange-traded funds - MTVR.DE is a Technology Equities fund tracking the iStoxx Access Metaverse, while EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped. Both are passively managed. Over the past 3 years, MTVR.DE returned 44.74%/yr vs 9.14%/yr for EN4C.DE. At a 0.12 correlation, their price movements are largely independent. MTVR.DE charges 0.39%/yr vs 0.30%/yr for EN4C.DE.
Performance
MTVR.DE vs. EN4C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MTVR.DE achieves a 65.23% return, which is significantly higher than EN4C.DE's 21.96% return.
MTVR.DE
- 1D
- 0.00%
- 1M
- -5.18%
- 6M
- 60.12%
- YTD
- 65.23%
- 1Y
- 102.70%
- 3Y*
- 44.74%
- 5Y*
- —
- 10Y*
- —
EN4C.DE
- 1D
- 0.00%
- 1M
- 2.76%
- 6M
- 16.98%
- YTD
- 21.96%
- 1Y
- 26.29%
- 3Y*
- 9.14%
- 5Y*
- —
- 10Y*
- —
MTVR.DE vs. EN4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MTVR.DE L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating | 65.23% | 23.08% | 29.91% | 63.34% | -13.29% |
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 21.96% | -3.13% | 9.93% | -5.63% | -11.91% |
Correlation
The correlation between MTVR.DE and EN4C.DE is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.12 |
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Return for Risk
MTVR.DE vs. EN4C.DE — Risk / Return Rank
MTVR.DE
EN4C.DE
MTVR.DE vs. EN4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MTVR.DE | EN4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.26 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 8.17 | 2.34 | +5.82 |
| Martin ratioReturn relative to average drawdown | 24.58 | 7.26 | +17.32 |
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Drawdowns
MTVR.DE vs. EN4C.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, which is greater than EN4C.DE's maximum drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and EN4C.DE.
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Drawdown Indicators
| MTVR.DE | EN4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -25.41% | -5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -11.27% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -17.63% | -13.23% |
Current DrawdownCurrent decline from peak | -9.00% | -5.94% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -13.75% | +8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 3.63% | +0.56% |
Volatility
MTVR.DE vs. EN4C.DE - Volatility Comparison
L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a higher volatility of 12.89% compared to L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) at 4.04%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than EN4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTVR.DE | EN4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.89% | 4.04% | +8.85% |
Volatility (6M)Calculated over the trailing 6-month period | 24.26% | 15.25% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.12% | 17.85% | +12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.27% | 18.17% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 18.17% | +8.10% |
MTVR.DE vs. EN4C.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is higher than EN4C.DE's 0.30% expense ratio.
Dividends
MTVR.DE vs. EN4C.DE - Dividend Comparison
Neither MTVR.DE nor EN4C.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and EN4C.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EN4C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EN4C.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for MTVR.DE.
MTVR.DE is categorized as Technology Equities, while EN4C.DE is Commodities. MTVR.DE tracks iStoxx Access Metaverse, while EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped. Their fees differ too: 0.39% for MTVR.DE and 0.30% for EN4C.DE.
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