AMEE.DE vs. SMLP.DE

Last updated Jun 5, 2026

AMEE.DE (Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc) and SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) are both Energy Equities funds - AMEE.DE tracks the Bloomberg Hydrogen ESG while SMLP.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, AMEE.DE returned 15.13%/yr vs 6.71%/yr for SMLP.DE. A 0.55 correlation means they provide meaningful diversification when combined. AMEE.DE charges 0.45%/yr vs 0.50%/yr for SMLP.DE.

Performance

AMEE.DE vs. SMLP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMEE.DE achieves a 27.83% return, which is significantly higher than SMLP.DE's 21.07% return. Over the past 10 years, AMEE.DE has outperformed SMLP.DE with an annualized return of 15.13%, while SMLP.DE has yielded a comparatively lower 6.71% annualized return.

AMEE.DE

• 1D: -0.87%
• 1M: -2.39%
• YTD: 27.83%
• 6M: 26.99%
• 1Y: 61.42%
• 3Y*: 32.97%
• 5Y*: 28.59%
• 10Y*: 15.13%

SMLP.DE

• 1D: -0.67%
• 1M: 0.55%
• YTD: 21.07%
• 6M: 14.97%
• 1Y: 13.65%
• 3Y*: 15.69%
• 5Y*: 18.35%
• 10Y*: 6.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMEE.DE vs. SMLP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMEE.DE Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc	27.83%	37.58%	15.56%	12.19%	35.81%	34.64%	-31.29%	10.32%	-0.78%	5.51%
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%	12.48%	-11.75%	-19.80%

Correlation

The correlation between AMEE.DE and SMLP.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 9, 2014	0.55

Over the past year, the correlation between AMEE.DE and SMLP.DE has dropped to 0.10 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

AMEE.DE vs. SMLP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMEE.DE

AMEE.DE Risk / Return Rank: 91
AMEE.DE Sharpe Ratio Rank: 92
AMEE.DE Sortino Ratio Rank: 90
AMEE.DE Omega Ratio Rank: 86
AMEE.DE Calmar Ratio Rank: 95
AMEE.DE Martin Ratio Rank: 93

SMLP.DE

SMLP.DE Risk / Return Rank: 25
SMLP.DE Sharpe Ratio Rank: 24
SMLP.DE Sortino Ratio Rank: 23
SMLP.DE Omega Ratio Rank: 23
SMLP.DE Calmar Ratio Rank: 30
SMLP.DE Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMEE.DE vs. SMLP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.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.

	AMEE.DE	SMLP.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.24	0.83	+2.40
Sortino ratio: Return per unit of downside risk	4.17	1.21	+2.97
Omega ratio: Gain probability vs. loss probability	1.52	1.15	+0.38
Calmar ratio: Return relative to maximum drawdown	7.71	1.41	+6.30
Martin ratio: Return relative to average drawdown	23.88	3.20	+20.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMEE.DE vs. SMLP.DE - Sharpe Ratio Comparison

The current AMEE.DE Sharpe Ratio is 3.24, which is higher than the SMLP.DE Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of AMEE.DE and SMLP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMEE.DE	SMLP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	0.83	+2.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	0.89	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.23	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.10	+0.31

Drawdowns

AMEE.DE vs. SMLP.DE - Drawdown Comparison

The maximum AMEE.DE drawdown since its inception was -59.14%, smaller than the maximum SMLP.DE drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for AMEE.DE and SMLP.DE.

Drawdown Indicators

	AMEE.DE	SMLP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-79.34%	+20.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-9.62%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	-22.58%	+6.84%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-22.58%	+3.35%
Max Drawdown (10Y) Largest decline over 10 years	-59.14%	-76.25%	+17.11%
Current Drawdown Current decline from peak	-3.54%	-3.45%	-0.09%
Average Drawdown Average peak-to-trough decline	-10.65%	-25.61%	+14.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	4.25%	-1.69%

Volatility

AMEE.DE vs. SMLP.DE - Volatility Comparison

Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.DE) has a higher volatility of 7.10% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) at 5.21%. This indicates that AMEE.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.

Volatility by Period

	AMEE.DE	SMLP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	5.21%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	12.78%	+1.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	16.31%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.25%	20.44%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	28.59%	-2.85%

AMEE.DE vs. SMLP.DE - Expense Ratio Comparison

AMEE.DE has a 0.45% expense ratio, which is lower than SMLP.DE's 0.50% expense ratio.

Dividends

AMEE.DE vs. SMLP.DE - Dividend Comparison

Neither AMEE.DE nor SMLP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMEE.DE and SMLP.DE in my portfolio?

AMEE.DE and SMLP.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMEE.DE or SMLP.DE?

On fees, AMEE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMEE.DE or SMLP.DE?

AMEE.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for SMLP.DE.

What is the main difference between AMEE.DE and SMLP.DE?

AMEE.DE tracks Bloomberg Hydrogen ESG, while SMLP.DE tracks Morningstar MLP Composite. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.45% for AMEE.DE and 0.50% for SMLP.DE.