BBCK.DE vs. SMLD.DE
BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - BBCK.DE is a Global Equities fund tracking the Nasdaq Global Buyback Achievers, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, BBCK.DE returned 11.96%/yr vs 15.33%/yr for SMLD.DE. At a 0.37 correlation, their price movements are largely independent. BBCK.DE charges 0.39%/yr vs 0.50%/yr for SMLD.DE.
Performance
BBCK.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBCK.DE achieves a 7.16% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, BBCK.DE has underperformed SMLD.DE with an annualized return of 11.96%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
BBCK.DE
- 1D
- 0.98%
- 1M
- 1.42%
- YTD
- 7.16%
- 6M
- 8.41%
- 1Y
- 21.98%
- 3Y*
- 18.50%
- 5Y*
- 10.80%
- 10Y*
- 11.96%
SMLD.DE
- 1D
- -0.66%
- 1M
- 0.52%
- YTD
- 20.75%
- 6M
- 14.96%
- 1Y
- 13.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
BBCK.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 7.16% | 16.70% | 19.10% | 11.74% | -6.44% | 30.65% | 1.65% | 35.47% | -11.63% | 5.86% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 20.75% | -8.86% | 35.22% | 27.59% | 49.18% | 62.11% | -27.45% | 24.27% | -4.73% | -12.47% |
Correlation
The correlation between BBCK.DE and SMLD.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2014 | 0.37 |
The correlation between BBCK.DE and SMLD.DE shifts across timeframes, from 0.19 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBCK.DE vs. SMLD.DE — Risk / Return Rank
BBCK.DE
SMLD.DE
BBCK.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.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.
| BBCK.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.15 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 0.92 | +4.05 |
| Martin ratioReturn relative to average drawdown | 14.50 | 1.91 | +12.59 |
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
| BBCK.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.51 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.10 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.44 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.29 | +0.57 |
Drawdowns
BBCK.DE vs. SMLD.DE - Drawdown Comparison
The maximum BBCK.DE drawdown since its inception was -33.23%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for BBCK.DE and SMLD.DE.
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Drawdown Indicators
| BBCK.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -73.78% | +40.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.40% | -14.77% | +10.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -22.99% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | -22.99% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.23% | -70.79% | +37.56% |
Current DrawdownCurrent decline from peak | 0.00% | -3.47% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -17.76% | +13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 7.16% | -5.65% |
Volatility
BBCK.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) is 2.79%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 5.38%. This indicates that BBCK.DE experiences smaller price fluctuations and is considered to be less risky than SMLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCK.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 5.38% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 12.79% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 26.64% | -15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 22.60% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 34.70% | -15.85% |
BBCK.DE vs. SMLD.DE - Expense Ratio Comparison
BBCK.DE has a 0.39% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
BBCK.DE vs. SMLD.DE - Dividend Comparison
BBCK.DE's dividend yield for the trailing twelve months is around 1.69%, less than SMLD.DE's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.79% | 1.75% | 1.97% | 1.18% | 1.61% | 1.84% | 1.35% | 1.18% | 1.63% | 1.28% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.55% | 8.45% | 12.45% | 18.33% | 14.40% | 17.94% | 25.01% | 18.21% | 21.61% | 18.39% | 14.39% | 20.63% |
Frequently Asked Questions
BBCK.DE and SMLD.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBCK.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBCK.DE is cheaper with a 0.39% expense ratio, compared with 0.50% for SMLD.DE.
BBCK.DE is categorized as Global Equities, while SMLD.DE is Energy Equities. BBCK.DE tracks Nasdaq Global Buyback Achievers, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.39% for BBCK.DE and 0.50% for SMLD.DE.
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