MTVR.DE vs. ETLH.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and ETLH.DE (L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds from Legal & General - MTVR.DE tracks the iStoxx Access Metaverse while ETLH.DE tracks the Solactive eCommerce Logistics. Both are passively managed. Over the past 3 years, MTVR.DE returned 48.38%/yr vs 5.96%/yr for ETLH.DE. A 0.64 correlation means they provide meaningful diversification when combined. MTVR.DE charges 0.39%/yr vs 0.49%/yr for ETLH.DE.
Performance
MTVR.DE vs. ETLH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MTVR.DE achieves a 72.46% return, which is significantly higher than ETLH.DE's 0.49% return.
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
ETLH.DE
- 1D
- 1.09%
- 1M
- 4.11%
- YTD
- 0.49%
- 6M
- 1.45%
- 1Y
- 4.62%
- 3Y*
- 5.96%
- 5Y*
- 2.34%
- 10Y*
- —
MTVR.DE vs. ETLH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MTVR.DE L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating | 72.46% | 23.08% | 29.91% | 63.34% | -13.25% |
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 0.49% | -0.43% | 8.79% | 17.72% | -2.37% |
Correlation
The correlation between MTVR.DE and ETLH.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.64 |
The correlation between MTVR.DE and ETLH.DE shifts across timeframes, from 0.54 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MTVR.DE vs. ETLH.DE — Risk / Return Rank
MTVR.DE
ETLH.DE
MTVR.DE vs. ETLH.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 Ecommerce Logistics UCITS ETF (ETLH.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.
| MTVR.DE | ETLH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.55 | ||
| Sortino ratioReturn per unit of downside risk | +4.80 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.06 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 9.91 | 0.37 | +9.54 |
| Martin ratioReturn relative to average drawdown | 36.18 | 0.96 | +35.22 |
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
| MTVR.DE | ETLH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.86 | 0.32 | +4.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 0.56 | +1.16 |
Drawdowns
MTVR.DE vs. ETLH.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, which is greater than ETLH.DE's maximum drawdown of -27.60%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and ETLH.DE.
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Drawdown Indicators
| MTVR.DE | ETLH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -27.60% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -12.61% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -25.70% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.37% | — |
Current DrawdownCurrent decline from peak | -3.30% | -7.50% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -8.28% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.89% | -1.42% |
Volatility
MTVR.DE vs. ETLH.DE - Volatility Comparison
L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a higher volatility of 10.70% compared to L&G Ecommerce Logistics UCITS ETF (ETLH.DE) at 4.00%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 4.00% | +6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 10.62% | +8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 14.85% | +10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 16.60% | +8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 17.49% | +7.86% |
MTVR.DE vs. ETLH.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is lower than ETLH.DE's 0.49% expense ratio.
Dividends
MTVR.DE vs. ETLH.DE - Dividend Comparison
Neither MTVR.DE nor ETLH.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and ETLH.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTVR.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTVR.DE is cheaper with a 0.39% expense ratio, compared with 0.49% for ETLH.DE.
MTVR.DE tracks iStoxx Access Metaverse, while ETLH.DE tracks Solactive eCommerce Logistics. Their fees differ too: 0.39% for MTVR.DE and 0.49% for ETLH.DE.
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