EHDL.DE vs. SMLD.DE
EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - EHDL.DE is a Emerging Markets Equities fund tracking the FTSE Emerging High Dividend Low Volatility Index, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, EHDL.DE returned 6.47%/yr vs 6.59%/yr for SMLD.DE. At a 0.34 correlation, their price movements are largely independent. EHDL.DE charges 0.49%/yr vs 0.50%/yr for SMLD.DE.
Performance
EHDL.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHDL.DE achieves a 9.26% return, which is significantly lower than SMLD.DE's 19.81% return. Both investments have delivered pretty close results over the past 10 years, with EHDL.DE having a 6.47% annualized return and SMLD.DE not far ahead at 6.59%.
EHDL.DE
- 1D
- 1.22%
- 1M
- -0.90%
- 6M
- 8.37%
- YTD
- 9.26%
- 1Y
- 19.74%
- 3Y*
- 11.75%
- 5Y*
- 6.50%
- 10Y*
- 6.47%
SMLD.DE
- 1D
- 0.81%
- 1M
- -1.44%
- 6M
- 18.91%
- YTD
- 19.81%
- 1Y
- 15.83%
- 3Y*
- 15.35%
- 5Y*
- 17.25%
- 10Y*
- 6.59%
EHDL.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 9.26% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -2.44% | 9.35% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 19.81% | -8.84% | 28.79% | 15.50% | 39.45% | 46.81% | -37.59% | 12.61% | -11.81% | -19.80% |
Correlation
The correlation between EHDL.DE and SMLD.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 27, 2016 | 0.34 |
Over the past year, the correlation between EHDL.DE and SMLD.DE has dropped to 0.06 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
EHDL.DE vs. SMLD.DE — Risk / Return Rank
EHDL.DE
SMLD.DE
EHDL.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EHDL.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 1.63 | +2.10 |
| Martin ratioReturn relative to average drawdown | 10.05 | 3.59 | +6.46 |
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Drawdowns
EHDL.DE vs. SMLD.DE - Drawdown Comparison
The maximum EHDL.DE drawdown since its inception was -36.13%, smaller than the maximum SMLD.DE drawdown of -83.65%. Use the drawdown chart below to compare losses from any high point for EHDL.DE and SMLD.DE.
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Drawdown Indicators
| EHDL.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -83.65% | +47.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -9.68% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -22.99% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -22.99% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | -76.32% | +40.19% |
Current DrawdownCurrent decline from peak | -3.59% | -4.21% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -34.00% | +24.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 4.40% | -2.44% |
Volatility
EHDL.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) is 3.89%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 4.56%. This indicates that EHDL.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
| EHDL.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 4.56% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 13.00% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 16.45% | -5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 20.31% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 29.07% | -11.05% |
EHDL.DE vs. SMLD.DE - Expense Ratio Comparison
EHDL.DE has a 0.49% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
EHDL.DE vs. SMLD.DE - Dividend Comparison
EHDL.DE's dividend yield for the trailing twelve months is around 4.87%, less than SMLD.DE's 7.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.87% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% | 0.00% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.76% | 8.45% | 7.99% | 8.81% | 8.09% | 8.24% | 11.54% | 9.90% | 9.70% | 8.60% | 7.76% | 9.80% |
Frequently Asked Questions
EHDL.DE and SMLD.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHDL.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHDL.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for SMLD.DE.
EHDL.DE is categorized as Emerging Markets Equities, while SMLD.DE is Energy Equities. EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.49% for EHDL.DE and 0.50% for SMLD.DE.
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