EQQQ.DE vs. SMLD.DE
EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - EQQQ.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, EQQQ.DE returned 21.28%/yr vs 15.33%/yr for SMLD.DE. At a 0.29 correlation, their price movements are largely independent. EQQQ.DE charges 0.30%/yr vs 0.50%/yr for SMLD.DE.
Performance
EQQQ.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EQQQ.DE having a 20.52% return and SMLD.DE slightly higher at 20.75%. Over the past 10 years, EQQQ.DE has outperformed SMLD.DE with an annualized return of 21.28%, while SMLD.DE has yielded a comparatively lower 15.33% annualized return.
EQQQ.DE
- 1D
- -0.85%
- 1M
- 7.99%
- YTD
- 20.52%
- 6M
- 18.72%
- 1Y
- 37.03%
- 3Y*
- 24.54%
- 5Y*
- 18.69%
- 10Y*
- 21.28%
SMLD.DE
- 1D
- -0.66%
- 1M
- 3.73%
- YTD
- 20.75%
- 6M
- 13.95%
- 1Y
- 14.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
EQQQ.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 20.52% | 6.94% | 33.67% | 51.32% | -30.10% | 39.43% | 34.58% | 42.87% | 3.12% | 15.81% |
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 EQQQ.DE and SMLD.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.29 |
Over the past year, the correlation between EQQQ.DE and SMLD.DE has dropped to 0.04 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
EQQQ.DE vs. SMLD.DE — Risk / Return Rank
EQQQ.DE
SMLD.DE
EQQQ.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
| EQQQ.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 0.92 | +2.81 |
| Martin ratioReturn relative to average drawdown | 11.10 | 1.91 | +9.19 |
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
| EQQQ.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 0.51 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.10 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.44 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.29 | +0.52 |
Drawdowns
EQQQ.DE vs. SMLD.DE - Drawdown Comparison
The maximum EQQQ.DE drawdown since its inception was -47.04%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for EQQQ.DE and SMLD.DE.
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Drawdown Indicators
| EQQQ.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -73.78% | +26.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -14.77% | +4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -22.99% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.30% | -22.99% | -8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -31.30% | -70.79% | +39.49% |
Current DrawdownCurrent decline from peak | -0.85% | -3.47% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -17.76% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 7.16% | -3.77% |
Volatility
EQQQ.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) is 4.26%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 5.38%. This indicates that EQQQ.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
| EQQQ.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 5.38% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 12.79% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 26.64% | -11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.84% | 22.60% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 34.70% | -15.05% |
EQQQ.DE vs. SMLD.DE - Expense Ratio Comparison
EQQQ.DE has a 0.30% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
EQQQ.DE vs. SMLD.DE - Dividend Comparison
EQQQ.DE's dividend yield for the trailing twelve months is around 0.23%, less than SMLD.DE's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.37% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% |
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
EQQQ.DE and SMLD.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQQ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQQ.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for SMLD.DE.
EQQQ.DE is categorized as Nasdaq-100, while SMLD.DE is Energy Equities. EQQQ.DE tracks NASDAQ-100 Index, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.30% for EQQQ.DE and 0.50% for SMLD.DE.
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