MTVR.DE vs. SC0X.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and SC0X.DE (Invesco European Technology Sector UCITS ETF) are both Technology Equities funds - MTVR.DE tracks the iStoxx Access Metaverse while SC0X.DE tracks the STOXX® Europe 600 Optimised Technology. Both are passively managed. Over the past 3 years, MTVR.DE returned 48.74%/yr vs 10.22%/yr for SC0X.DE. A 0.69 correlation means they provide meaningful diversification when combined. MTVR.DE charges 0.39%/yr vs 0.20%/yr for SC0X.DE.
Performance
MTVR.DE vs. SC0X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MTVR.DE achieves a 72.12% return, which is significantly higher than SC0X.DE's 10.69% return.
MTVR.DE
- 1D
- 0.00%
- 1M
- 2.61%
- YTD
- 72.12%
- 6M
- 76.58%
- 1Y
- 114.70%
- 3Y*
- 48.74%
- 5Y*
- —
- 10Y*
- —
SC0X.DE
- 1D
- 0.49%
- 1M
- 0.38%
- YTD
- 10.69%
- 6M
- 11.95%
- 1Y
- 9.47%
- 3Y*
- 10.22%
- 5Y*
- 4.77%
- 10Y*
- 11.63%
MTVR.DE vs. SC0X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MTVR.DE L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating | 72.12% | 23.08% | 29.91% | 63.34% | -13.29% |
SC0X.DE Invesco European Technology Sector UCITS ETF | 10.69% | 4.14% | 5.58% | 31.88% | 2.93% |
Correlation
The correlation between MTVR.DE and SC0X.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.69 |
The correlation between MTVR.DE and SC0X.DE shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MTVR.DE vs. SC0X.DE — Risk / Return Rank
MTVR.DE
SC0X.DE
MTVR.DE vs. SC0X.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 Invesco European Technology Sector UCITS ETF (SC0X.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 | SC0X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.09 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 9.12 | 0.51 | +8.61 |
| Martin ratioReturn relative to average drawdown | 30.24 | 1.33 | +28.91 |
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Drawdowns
MTVR.DE vs. SC0X.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, smaller than the maximum SC0X.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and SC0X.DE.
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Drawdown Indicators
| MTVR.DE | SC0X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -38.91% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -18.50% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -23.90% | -6.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.91% | — |
Current DrawdownCurrent decline from peak | -5.21% | -4.91% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -8.66% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 7.08% | -3.27% |
Volatility
MTVR.DE vs. SC0X.DE - Volatility Comparison
L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a higher volatility of 12.60% compared to Invesco European Technology Sector UCITS ETF (SC0X.DE) at 7.14%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than SC0X.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 | SC0X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 7.14% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.89% | 18.14% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.17% | 21.88% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 23.58% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.87% | 22.58% | +3.29% |
MTVR.DE vs. SC0X.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is higher than SC0X.DE's 0.20% expense ratio.
Dividends
MTVR.DE vs. SC0X.DE - Dividend Comparison
Neither MTVR.DE nor SC0X.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and SC0X.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0X.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0X.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for MTVR.DE.
MTVR.DE tracks iStoxx Access Metaverse, while SC0X.DE tracks STOXX® Europe 600 Optimised Technology. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.39% for MTVR.DE and 0.20% for SC0X.DE.
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