5MVW.DE vs. SMLP.DE
5MVW.DE (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) are both Energy Equities funds - 5MVW.DE tracks the MSCI World Energy while SMLP.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 5 years, 5MVW.DE returned 20.31%/yr vs 18.35%/yr for SMLP.DE. A 0.76 correlation means they provide meaningful diversification when combined. 5MVW.DE charges 0.18%/yr vs 0.50%/yr for SMLP.DE.
Performance
5MVW.DE vs. SMLP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 5MVW.DE achieves a 32.79% return, which is significantly higher than SMLP.DE's 21.07% return.
5MVW.DE
- 1D
- -0.61%
- 1M
- 3.30%
- YTD
- 32.79%
- 6M
- 28.70%
- 1Y
- 44.89%
- 3Y*
- 15.65%
- 5Y*
- 20.31%
- 10Y*
- —
SMLP.DE
- 1D
- -0.67%
- 1M
- 3.80%
- YTD
- 21.07%
- 6M
- 13.97%
- 1Y
- 14.90%
- 3Y*
- 15.69%
- 5Y*
- 18.35%
- 10Y*
- 6.71%
5MVW.DE vs. SMLP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
5MVW.DE iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 32.79% | 2.17% | 7.57% | 0.01% | 54.20% | 52.29% | -36.78% | 4.54% |
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 21.07% | -9.11% | 28.88% | 15.48% | 39.72% | 46.65% | -37.48% | -1.82% |
Correlation
The correlation between 5MVW.DE and SMLP.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.76 |
The correlation between 5MVW.DE and SMLP.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
5MVW.DE vs. SMLP.DE — Risk / Return Rank
5MVW.DE
SMLP.DE
5MVW.DE vs. SMLP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (5MVW.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.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.
| 5MVW.DE | SMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 1.41 | +1.55 |
| Martin ratioReturn relative to average drawdown | 9.81 | 3.20 | +6.61 |
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
| 5MVW.DE | SMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.83 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.89 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.10 | +0.35 |
Drawdowns
5MVW.DE vs. SMLP.DE - Drawdown Comparison
The maximum 5MVW.DE drawdown since its inception was -56.87%, smaller than the maximum SMLP.DE drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for 5MVW.DE and SMLP.DE.
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Drawdown Indicators
| 5MVW.DE | SMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.87% | -79.34% | +22.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -9.62% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -22.58% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -22.58% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.25% | — |
Current DrawdownCurrent decline from peak | -7.49% | -3.45% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -25.61% | +12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 4.25% | +0.31% |
Volatility
5MVW.DE vs. SMLP.DE - Volatility Comparison
iShares MSCI World Energy Sector UCITS ETF USD (Dist) (5MVW.DE) has a higher volatility of 6.76% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) at 5.21%. This indicates that 5MVW.DE's price experiences larger fluctuations and is considered to be riskier than SMLP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5MVW.DE | SMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 5.21% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 12.78% | +5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 16.31% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 20.44% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.20% | 28.59% | +0.61% |
5MVW.DE vs. SMLP.DE - Expense Ratio Comparison
5MVW.DE has a 0.18% expense ratio, which is lower than SMLP.DE's 0.50% expense ratio.
Dividends
5MVW.DE vs. SMLP.DE - Dividend Comparison
5MVW.DE's dividend yield for the trailing twelve months is around 2.48%, while SMLP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
5MVW.DE iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 2.48% | 3.29% | 3.54% | 3.64% | 3.41% | 3.49% | 5.08% | 0.63% |
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
5MVW.DE and SMLP.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5MVW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5MVW.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for SMLP.DE.
5MVW.DE tracks MSCI World Energy, while SMLP.DE tracks Morningstar MLP Composite. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for 5MVW.DE and 0.50% for SMLP.DE.
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