WTEJ.DE vs. MTVR.DE
WTEJ.DE (WisdomTree Cloud Computing UCITS ETF USD Acc) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - WTEJ.DE tracks the BVP Nasdaq Emerging Cloud while MTVR.DE tracks the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, WTEJ.DE returned 0.54%/yr vs 48.38%/yr for MTVR.DE. A 0.62 correlation means they provide meaningful diversification when combined. WTEJ.DE charges 0.40%/yr vs 0.39%/yr for MTVR.DE.
Performance
WTEJ.DE vs. MTVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEJ.DE achieves a -3.77% return, which is significantly lower than MTVR.DE's 72.46% return.
WTEJ.DE
- 1D
- 1.76%
- 1M
- 18.51%
- YTD
- -3.77%
- 6M
- -4.08%
- 1Y
- -10.28%
- 3Y*
- 0.54%
- 5Y*
- -6.47%
- 10Y*
- —
MTVR.DE
- 1D
- -3.30%
- 1M
- 18.95%
- YTD
- 72.46%
- 6M
- 74.69%
- 1Y
- 123.79%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
WTEJ.DE vs. MTVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTEJ.DE WisdomTree Cloud Computing UCITS ETF USD Acc | -3.77% | -16.66% | 12.94% | 39.67% | -18.76% |
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 WTEJ.DE and MTVR.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.62 |
Over the past year, the correlation between WTEJ.DE and MTVR.DE has dropped to 0.38 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
WTEJ.DE vs. MTVR.DE — Risk / Return Rank
WTEJ.DE
MTVR.DE
WTEJ.DE vs. MTVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.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.
| WTEJ.DE | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.11 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.70 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 9.91 | -10.16 |
| Martin ratioReturn relative to average drawdown | -0.55 | 36.18 | -36.73 |
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
| WTEJ.DE | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 4.86 | -5.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.72 | -1.60 |
Drawdowns
WTEJ.DE vs. MTVR.DE - Drawdown Comparison
The maximum WTEJ.DE drawdown since its inception was -63.60%, 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 WTEJ.DE and MTVR.DE.
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Drawdown Indicators
| WTEJ.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.60% | -30.86% | -32.74% |
Max Drawdown (1Y)Largest decline over 1 year | -36.22% | -12.65% | -23.57% |
Max Drawdown (3Y)Largest decline over 3 years | -48.59% | -30.86% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | — | — |
Current DrawdownCurrent decline from peak | -48.45% | -3.30% | -45.15% |
Average DrawdownAverage peak-to-trough decline | -35.70% | -5.32% | -30.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 3.47% | +12.53% |
Volatility
WTEJ.DE vs. MTVR.DE - Volatility Comparison
WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) has a higher volatility of 15.88% compared to L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) at 10.70%. This indicates that WTEJ.DE's price experiences larger fluctuations and is considered to be riskier 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
| WTEJ.DE | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.88% | 10.70% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 32.38% | 19.34% | +13.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.29% | 25.77% | +10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.57% | 25.35% | +10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.61% | 25.35% | +13.26% |
WTEJ.DE vs. MTVR.DE - Expense Ratio Comparison
WTEJ.DE has a 0.40% expense ratio, which is higher than MTVR.DE's 0.39% expense ratio.
Dividends
WTEJ.DE vs. MTVR.DE - Dividend Comparison
Neither WTEJ.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEJ.DE and MTVR.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTVR.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTVR.DE is cheaper with a 0.39% expense ratio, compared with 0.40% for WTEJ.DE.
WTEJ.DE tracks BVP Nasdaq Emerging Cloud, while MTVR.DE tracks iStoxx Access Metaverse. They also come from different issuers: WisdomTree and Legal & General. Their fees differ too: 0.40% for WTEJ.DE and 0.39% for MTVR.DE.
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