MTVR.DE vs. ETLQ.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and ETLQ.DE (L&G Global Equity UCITS ETF) are both exchange-traded funds - MTVR.DE is a Technology Equities fund tracking the iStoxx Access Metaverse, while ETLQ.DE is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 3 years, MTVR.DE returned 48.38%/yr vs 17.73%/yr for ETLQ.DE. Their correlation of 0.82 suggests significant overlap in exposure. MTVR.DE charges 0.39%/yr vs 0.10%/yr for ETLQ.DE.
Performance
MTVR.DE vs. ETLQ.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 ETLQ.DE's 10.88% return.
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
MTVR.DE vs. ETLQ.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% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -6.30% |
Correlation
The correlation between MTVR.DE and ETLQ.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.82 |
The correlation between MTVR.DE and ETLQ.DE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
MTVR.DE vs. ETLQ.DE — Risk / Return Rank
MTVR.DE
ETLQ.DE
MTVR.DE vs. ETLQ.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 Global Equity UCITS ETF (ETLQ.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 | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.39 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 9.91 | 3.56 | +6.35 |
| Martin ratioReturn relative to average drawdown | 36.18 | 14.23 | +21.95 |
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 | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.86 | 2.13 | +2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 0.93 | +0.79 |
Drawdowns
MTVR.DE vs. ETLQ.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and ETLQ.DE.
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Drawdown Indicators
| MTVR.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -33.38% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -6.68% | -5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -21.58% | -9.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.58% | — |
Current DrawdownCurrent decline from peak | -3.30% | -0.34% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.33% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 1.68% | +1.79% |
Volatility
MTVR.DE vs. ETLQ.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 Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.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 | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 2.68% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 7.77% | +11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 11.18% | +14.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 14.06% | +11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 15.74% | +9.61% |
MTVR.DE vs. ETLQ.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Dividends
MTVR.DE vs. ETLQ.DE - Dividend Comparison
Neither MTVR.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and ETLQ.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.39% for MTVR.DE.
MTVR.DE is categorized as Technology Equities, while ETLQ.DE is Global Equities. MTVR.DE tracks iStoxx Access Metaverse, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. Their fees differ too: 0.39% for MTVR.DE and 0.10% for ETLQ.DE.
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