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Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) Sharpe Ratio: 1.16

ETF · Currency in EUR · Last updated Jul 16, 2026

SMLD.DE is a passive ETF by Invesco tracking the investment results of the Morningstar MLP Composite. SMLD.DE launched on May 15, 2013 and has a 0.50% expense ratio.

SMLD.DE's Sharpe Ratio of 1.16 indicates that for each unit of volatility, it generates 1.16 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SMLD.DE Sharpe Ratio Rank

SMLD.DE Sharpe Ratio Rank: 39.339
Below Average

SMLD.DE ranks above 39.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SMLD.DE Sharpe Ratio Market Positioning

The chart shows SMLD.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.50+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist's Sharpe Ratio with other ETFs in the Energy Equities category across multiple time periods, showing how SMLD.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
OIGS.DEAmundi STOXX Europe 600 Energy ESG Screened UCITS ETF Dist2.80
LOGS.DEAmundi STOXX Europe 600 Energy ESG Screened UCITS ETF Acc2.77
WDNR.DEAmundi Global BioEnergy ESG Screened UCITS ETF EUR Acc2.70
LYM9.DEAmundi MSCI New Energy ESG Screened UCITS ETF Dist2.68
AMEE.DEAmundi Global Hydrogen ESG Screened UCITS ETF EUR Acc2.41
SC0V.DEInvesco European Oil & Gas Sector UCITS ETF2.29
V0IH.DEVanEck Oil Services UCITS ETF A2.27
EXH1.DEiShares STOXX Europe 600 Oil & Gas UCITS ETF (DE)2.22
D6RD.DEDeka Future Energy ESG UCITS ETF2.14
RENW.DEL&G Clean Energy UCITS ETF2.07
SMLD.DEInvesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist1.16

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SMLD.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SMLD.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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