BUYB.L vs. SMT.L
BUYB.L (Invesco Global Buyback Achievers UCITS ETF) and SMT.L (Scottish Mortgage Investment Trust plc) are both Global Equities funds. BUYB.L is passively managed, while SMT.L is actively managed. Over the past 10 years, BUYB.L returned 12.23%/yr vs 19.14%/yr for SMT.L. A 0.63 correlation means they provide meaningful diversification when combined. BUYB.L charges 0.39%/yr vs 0.31%/yr for SMT.L.
Performance
BUYB.L vs. SMT.L - Performance Comparison
Loading charts...
Different Trading Currencies
BUYB.L is traded in USD, while SMT.L is traded in GBp. To make them comparable, the SMT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BUYB.L achieves a 5.15% return, which is significantly lower than SMT.L's 29.00% return. Over the past 10 years, BUYB.L has underperformed SMT.L with an annualized return of 12.23%, while SMT.L has yielded a comparatively higher 19.14% annualized return.
BUYB.L
- 1D
- -0.59%
- 1M
- -0.48%
- YTD
- 5.15%
- 6M
- 8.31%
- 1Y
- 23.43%
- 3Y*
- 21.39%
- 5Y*
- 9.61%
- 10Y*
- 12.23%
SMT.L
- 1D
- -1.01%
- 1M
- 6.48%
- YTD
- 29.00%
- 6M
- 45.11%
- 1Y
- 54.97%
- 3Y*
- 33.84%
- 5Y*
- 3.89%
- 10Y*
- 19.14%
BUYB.L vs. SMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BUYB.L Invesco Global Buyback Achievers UCITS ETF | 5.15% | 30.80% | 12.99% | 15.60% | -11.41% | 19.77% | 12.17% | 29.44% | -14.23% | 21.28% |
SMT.L Scottish Mortgage Investment Trust plc | 29.00% | 34.13% | 16.77% | 18.39% | -51.51% | 9.46% | 116.94% | 29.77% | -1.28% | 54.52% |
Correlation
The correlation between BUYB.L and SMT.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014 | 0.63 |
The correlation between BUYB.L and SMT.L has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BUYB.L vs. SMT.L — Risk / Return Rank
BUYB.L
SMT.L
BUYB.L vs. SMT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and Scottish Mortgage Investment Trust plc (SMT.L). 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.
| BUYB.L | SMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 4.24 | -0.74 |
| Martin ratioReturn relative to average drawdown | 11.25 | 13.45 | -2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BUYB.L | SMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.52 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.12 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.63 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.45 | +0.23 |
Drawdowns
BUYB.L vs. SMT.L - Drawdown Comparison
The maximum BUYB.L drawdown since its inception was -38.99%, smaller than the maximum SMT.L drawdown of -71.48%. Use the drawdown chart below to compare losses from any high point for BUYB.L and SMT.L.
Loading charts...
Drawdown Indicators
| BUYB.L | SMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.99% | -71.48% | +32.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -12.91% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -27.46% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.43% | -63.16% | +36.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | -63.16% | +24.17% |
Current DrawdownCurrent decline from peak | -1.25% | -1.01% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -19.96% | +14.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 4.07% | -1.99% |
Volatility
BUYB.L vs. SMT.L - Volatility Comparison
The current volatility for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) is 3.20%, while Scottish Mortgage Investment Trust plc (SMT.L) has a volatility of 4.84%. This indicates that BUYB.L experiences smaller price fluctuations and is considered to be less risky than SMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BUYB.L | SMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.84% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 17.46% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 21.74% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 31.76% | -15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 30.38% | -13.40% |
BUYB.L vs. SMT.L - Expense Ratio Comparison
BUYB.L has a 0.39% expense ratio, which is higher than SMT.L's 0.31% expense ratio.
Dividends
BUYB.L vs. SMT.L - Dividend Comparison
BUYB.L's dividend yield for the trailing twelve months is around 1.71%, more than SMT.L's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUYB.L Invesco Global Buyback Achievers UCITS ETF | 1.71% | 1.85% | 1.84% | 1.71% | 1.92% | 1.22% | 1.51% | 1.84% | 1.35% | 1.18% | 1.72% | 1.30% |
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
Frequently Asked Questions
BUYB.L and SMT.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMT.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMT.L is cheaper with a 0.31% expense ratio, compared with 0.39% for BUYB.L.
They also come from different issuers: Invesco and Baillie Gifford Funds. Their fees differ too: 0.39% for BUYB.L and 0.31% for SMT.L.
Find the right allocation for BUYB.L and SMT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer