MTVR.DE vs. FLRA.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and FLRA.DE (Franklin Metaverse UCITS ETF USD Capitalisation) are both Technology Equities funds - MTVR.DE tracks the iStoxx Access Metaverse while FLRA.DE tracks the Solactive Global Metaverse Innovation. Both are passively managed. Over the past 3 years, MTVR.DE returned 48.38%/yr vs 26.58%/yr for FLRA.DE. Their correlation of 0.81 suggests significant overlap in exposure. MTVR.DE charges 0.39%/yr vs 0.30%/yr for FLRA.DE.
Performance
MTVR.DE vs. FLRA.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 FLRA.DE's 19.68% return.
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
FLRA.DE
- 1D
- -1.45%
- 1M
- 14.07%
- YTD
- 19.68%
- 6M
- 14.30%
- 1Y
- 38.01%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
MTVR.DE vs. FLRA.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% |
FLRA.DE Franklin Metaverse UCITS ETF USD Capitalisation | 19.68% | 5.59% | 27.26% | 71.63% | -21.53% |
Correlation
The correlation between MTVR.DE and FLRA.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
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 | 0.81 |
The correlation between MTVR.DE and FLRA.DE has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
MTVR.DE vs. FLRA.DE — Risk / Return Rank
MTVR.DE
FLRA.DE
MTVR.DE vs. FLRA.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 Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.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 | FLRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.26 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 9.91 | 1.33 | +8.58 |
| Martin ratioReturn relative to average drawdown | 36.18 | 3.01 | +33.17 |
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 | FLRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.86 | 1.51 | +3.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 0.82 | +0.90 |
Drawdowns
MTVR.DE vs. FLRA.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, smaller than the maximum FLRA.DE drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and FLRA.DE.
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Drawdown Indicators
| MTVR.DE | FLRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -34.22% | +3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -29.17% | +16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -34.22% | +3.36% |
Current DrawdownCurrent decline from peak | -3.30% | -2.92% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -9.83% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 12.91% | -9.44% |
Volatility
MTVR.DE vs. FLRA.DE - Volatility Comparison
L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a higher volatility of 10.70% compared to Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) at 8.80%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than FLRA.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 | FLRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 8.80% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 18.60% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 25.70% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 27.73% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 27.73% | -2.38% |
MTVR.DE vs. FLRA.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is higher than FLRA.DE's 0.30% expense ratio.
Dividends
MTVR.DE vs. FLRA.DE - Dividend Comparison
Neither MTVR.DE nor FLRA.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and FLRA.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRA.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for MTVR.DE.
MTVR.DE tracks iStoxx Access Metaverse, while FLRA.DE tracks Solactive Global Metaverse Innovation. They also come from different issuers: Legal & General and Franklin Templeton. Their fees differ too: 0.39% for MTVR.DE and 0.30% for FLRA.DE.
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