T3KE.DE vs. FCO2.DE
T3KE.DE (HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF) and FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) are both exchange-traded funds - T3KE.DE is a Technology Equities fund tracking the Solactive Innovative Technologies, while FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA). Both are passively managed. Over the past 3 years, T3KE.DE returned 21.88%/yr vs -3.01%/yr for FCO2.DE. At a 0.11 correlation, their price movements are largely independent. T3KE.DE charges 0.59%/yr vs 0.89%/yr for FCO2.DE.
Performance
T3KE.DE vs. FCO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, T3KE.DE achieves a 24.54% return, which is significantly higher than FCO2.DE's -10.46% return.
T3KE.DE
- 1D
- 0.02%
- 1M
- 12.33%
- YTD
- 24.54%
- 6M
- 20.14%
- 1Y
- 40.15%
- 3Y*
- 21.88%
- 5Y*
- 7.51%
- 10Y*
- —
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
T3KE.DE vs. FCO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
T3KE.DE HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF | 24.54% | 5.72% | 19.73% | 46.51% | -20.97% |
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
Correlation
The correlation between T3KE.DE and FCO2.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.11 |
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Return for Risk
T3KE.DE vs. FCO2.DE — Risk / Return Rank
T3KE.DE
FCO2.DE
T3KE.DE vs. FCO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF (T3KE.DE) and HANetf SparkChange Physical Carbon EUA ETC (FCO2.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.
| T3KE.DE | FCO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.06 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.16 | +1.89 |
| Martin ratioReturn relative to average drawdown | 4.86 | 0.41 | +4.45 |
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
| T3KE.DE | FCO2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.19 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.07 | +0.66 |
Drawdowns
T3KE.DE vs. FCO2.DE - Drawdown Comparison
The maximum T3KE.DE drawdown since its inception was -49.99%, roughly equal to the maximum FCO2.DE drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for T3KE.DE and FCO2.DE.
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Drawdown Indicators
| T3KE.DE | FCO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.99% | -48.49% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -20.30% | -31.46% | +11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -32.14% | -45.60% | +13.46% |
Max Drawdown (5Y)Largest decline over 5 years | -49.99% | — | — |
Current DrawdownCurrent decline from peak | -1.83% | -24.40% | +22.57% |
Average DrawdownAverage peak-to-trough decline | -20.50% | -23.38% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 12.41% | -3.83% |
Volatility
T3KE.DE vs. FCO2.DE - Volatility Comparison
HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF (T3KE.DE) has a higher volatility of 7.84% compared to HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) at 5.99%. This indicates that T3KE.DE's price experiences larger fluctuations and is considered to be riskier than FCO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T3KE.DE | FCO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 5.99% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 22.94% | -5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.68% | 26.69% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 34.04% | -8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 34.04% | -6.60% |
T3KE.DE vs. FCO2.DE - Expense Ratio Comparison
T3KE.DE has a 0.59% expense ratio, which is lower than FCO2.DE's 0.89% expense ratio.
Dividends
T3KE.DE vs. FCO2.DE - Dividend Comparison
Neither T3KE.DE nor FCO2.DE has paid dividends to shareholders.
Frequently Asked Questions
T3KE.DE and FCO2.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T3KE.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T3KE.DE is cheaper with a 0.59% expense ratio, compared with 0.89% for FCO2.DE.
T3KE.DE is categorized as Technology Equities, while FCO2.DE is Commodities. T3KE.DE tracks Solactive Innovative Technologies, while FCO2.DE tracks EU Carbon Emission Allowances (EUA). Their fees differ too: 0.59% for T3KE.DE and 0.89% for FCO2.DE.
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