MTVR.DE vs. SPYK.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - MTVR.DE tracks the iStoxx Access Metaverse while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 3 years, MTVR.DE returned 48.74%/yr vs 24.01%/yr for SPYK.DE. A 0.74 correlation means they provide meaningful diversification when combined. MTVR.DE charges 0.39%/yr vs 0.18%/yr for SPYK.DE.
Performance
MTVR.DE vs. SPYK.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 SPYK.DE's 44.14% return.
MTVR.DE
- 1D
- 0.00%
- 1M
- 2.61%
- YTD
- 72.12%
- 6M
- 76.58%
- 1Y
- 114.70%
- 3Y*
- 48.74%
- 5Y*
- —
- 10Y*
- —
SPYK.DE
- 1D
- 1.00%
- 1M
- 2.43%
- YTD
- 44.14%
- 6M
- 45.93%
- 1Y
- 55.99%
- 3Y*
- 24.01%
- 5Y*
- 13.45%
- 10Y*
- 16.97%
MTVR.DE vs. SPYK.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% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 44.14% | 10.46% | 8.46% | 35.03% | 0.14% |
Correlation
The correlation between MTVR.DE and SPYK.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.74 |
The correlation between MTVR.DE and SPYK.DE has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
MTVR.DE vs. SPYK.DE — Risk / Return Rank
MTVR.DE
SPYK.DE
MTVR.DE vs. SPYK.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 SPDR MSCI Europe Technology UCITS ETF (SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.34 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 9.12 | 4.38 | +4.74 |
| Martin ratioReturn relative to average drawdown | 30.24 | 11.62 | +18.62 |
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Drawdowns
MTVR.DE vs. SPYK.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, smaller than the maximum SPYK.DE drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and SPYK.DE.
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Drawdown Indicators
| MTVR.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -38.45% | +7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -12.73% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -27.02% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -5.21% | -4.05% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -8.54% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 4.81% | -1.00% |
Volatility
MTVR.DE vs. SPYK.DE - Volatility Comparison
L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a higher volatility of 12.60% compared to SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) at 9.32%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 9.32% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 21.89% | 21.99% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.17% | 26.64% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 26.02% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.87% | 24.20% | +1.67% |
MTVR.DE vs. SPYK.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
MTVR.DE vs. SPYK.DE - Dividend Comparison
Neither MTVR.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and SPYK.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.39% for MTVR.DE.
MTVR.DE tracks iStoxx Access Metaverse, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.39% for MTVR.DE and 0.18% for SPYK.DE.
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