MTVR.DE vs. WELU.DE
MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) and WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) are both Technology Equities funds - MTVR.DE tracks the iStoxx Access Metaverse while WELU.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past 3 years, MTVR.DE returned 48.38%/yr vs 27.35%/yr for WELU.DE. Their correlation of 0.88 suggests significant overlap in exposure. MTVR.DE charges 0.39%/yr vs 0.18%/yr for WELU.DE.
Performance
MTVR.DE vs. WELU.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 WELU.DE's 21.54% return.
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
WELU.DE
- 1D
- -1.73%
- 1M
- 11.36%
- YTD
- 21.54%
- 6M
- 19.44%
- 1Y
- 43.16%
- 3Y*
- 27.35%
- 5Y*
- —
- 10Y*
- —
MTVR.DE vs. WELU.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% | -2.29% |
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc | 21.54% | 9.54% | 38.64% | 57.43% | 0.20% |
Correlation
The correlation between MTVR.DE and WELU.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.88 |
The correlation between MTVR.DE and WELU.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
MTVR.DE vs. WELU.DE — Risk / Return Rank
MTVR.DE
WELU.DE
MTVR.DE vs. WELU.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 Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.35 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 9.91 | 2.70 | +7.21 |
| Martin ratioReturn relative to average drawdown | 36.18 | 6.94 | +29.24 |
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 | WELU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.86 | 2.15 | +2.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 1.52 | +0.20 |
Drawdowns
MTVR.DE vs. WELU.DE - Drawdown Comparison
The maximum MTVR.DE drawdown since its inception was -30.86%, which is greater than WELU.DE's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for MTVR.DE and WELU.DE.
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Drawdown Indicators
| MTVR.DE | WELU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -28.67% | -2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -16.26% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -28.67% | -2.19% |
Current DrawdownCurrent decline from peak | -3.30% | -2.65% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.74% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 6.35% | -2.88% |
Volatility
MTVR.DE vs. WELU.DE - Volatility Comparison
L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a higher volatility of 10.70% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) at 6.70%. This indicates that MTVR.DE's price experiences larger fluctuations and is considered to be riskier than WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 6.70% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 14.75% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 20.41% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 22.28% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 22.28% | +3.07% |
MTVR.DE vs. WELU.DE - Expense Ratio Comparison
MTVR.DE has a 0.39% expense ratio, which is higher than WELU.DE's 0.18% expense ratio.
Dividends
MTVR.DE vs. WELU.DE - Dividend Comparison
Neither MTVR.DE nor WELU.DE has paid dividends to shareholders.
Frequently Asked Questions
MTVR.DE and WELU.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELU.DE is cheaper with a 0.18% expense ratio, compared with 0.39% for MTVR.DE.
MTVR.DE tracks iStoxx Access Metaverse, while WELU.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.39% for MTVR.DE and 0.18% for WELU.DE.
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