SC0X.DE vs. MTVR.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while MTVR.DE tracks the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, SC0X.DE returned 11.26%/yr vs 48.38%/yr for MTVR.DE. A 0.72 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.39%/yr for MTVR.DE.
Performance
SC0X.DE vs. MTVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0X.DE achieves a 16.14% return, which is significantly lower than MTVR.DE's 72.46% return.
SC0X.DE
- 1D
- 1.07%
- 1M
- 11.90%
- YTD
- 16.14%
- 6M
- 14.63%
- 1Y
- 13.43%
- 3Y*
- 11.26%
- 5Y*
- 6.18%
- 10Y*
- 11.23%
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
SC0X.DE vs. MTVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | 2.69% |
MTVR.DE L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating | 72.46% | 23.08% | 29.91% | 63.34% | -13.25% |
Correlation
The correlation between SC0X.DE and MTVR.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.72 |
The correlation between SC0X.DE and MTVR.DE has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. MTVR.DE — Risk / Return Rank
SC0X.DE
MTVR.DE
SC0X.DE vs. MTVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Technology Sector UCITS ETF (SC0X.DE) and L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.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.
| SC0X.DE | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.23 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.70 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 9.91 | -9.15 |
| Martin ratioReturn relative to average drawdown | 1.99 | 36.18 | -34.18 |
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
| SC0X.DE | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 4.86 | -4.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.72 | -1.19 |
Drawdowns
SC0X.DE vs. MTVR.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than MTVR.DE's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and MTVR.DE.
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Drawdown Indicators
| SC0X.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -30.86% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -12.65% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -30.86% | +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 | -0.23% | -3.30% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -5.32% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 3.47% | +3.41% |
Volatility
SC0X.DE vs. MTVR.DE - Volatility Comparison
The current volatility for Invesco European Technology Sector UCITS ETF (SC0X.DE) is 7.28%, while L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a volatility of 10.70%. This indicates that SC0X.DE experiences smaller price fluctuations and is considered to be less risky than MTVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0X.DE | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 10.70% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 19.34% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 25.77% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 25.35% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 25.35% | -2.70% |
SC0X.DE vs. MTVR.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is lower than MTVR.DE's 0.39% expense ratio.
Dividends
SC0X.DE vs. MTVR.DE - Dividend Comparison
Neither SC0X.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and MTVR.DE have a correlation of 0.64, 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.
SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while MTVR.DE tracks iStoxx Access Metaverse. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.20% for SC0X.DE and 0.39% for MTVR.DE.
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