ERTH vs. SMOG

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco MSCI Sustainable Future ETF (ERTH) and VanEck Low Carbon Energy ETF (SMOG).

ERTH and SMOG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERTH is a passively managed fund by Invesco that tracks the performance of the MSCI Global Environment Select Index. It was launched on Oct 24, 2006. SMOG is a passively managed fund by VanEck that tracks the performance of the MVIS Global Low Carbon Energy Index. It was launched on May 3, 2007. Both ERTH and SMOG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ERTH vs. SMOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Sustainable Future ETF (ERTH) and VanEck Low Carbon Energy ETF (SMOG). The values are adjusted to include any dividend payments, if applicable.

ERTH vs. SMOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERTH Invesco MSCI Sustainable Future ETF	0.63%	18.47%	-13.56%	0.12%	-27.59%	2.64%	51.02%	36.78%	-12.49%	30.53%
SMOG VanEck Low Carbon Energy ETF	7.05%	33.36%	-9.33%	1.42%	-29.92%	-2.75%	118.38%	38.86%	-10.18%	22.69%

Returns By Period

In the year-to-date period, ERTH achieves a 0.63% return, which is significantly lower than SMOG's 7.05% return. Over the past 10 years, ERTH has underperformed SMOG with an annualized return of 7.19%, while SMOG has yielded a comparatively higher 11.23% annualized return.

ERTH

• 1D: 3.12%
• 1M: -1.76%
• YTD: 0.63%
• 6M: 0.08%
• 1Y: 23.97%
• 3Y*: 0.09%
• 5Y*: -5.43%
• 10Y*: 7.19%

SMOG

• 1D: 4.10%
• 1M: -2.17%
• YTD: 7.05%
• 6M: 10.90%
• 1Y: 39.38%
• 3Y*: 6.20%
• 5Y*: -1.46%
• 10Y*: 11.23%

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

ERTH vs. SMOG - Expense Ratio Comparison

ERTH has a 0.55% expense ratio, which is lower than SMOG's 0.61% expense ratio.

SMOG

VanEck Low Carbon Energy ETF

ERTH

Invesco MSCI Sustainable Future ETF

Return for Risk

ERTH vs. SMOG — Risk / Return Rank

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

ERTH

ERTH Risk / Return Rank: 69
ERTH Sharpe Ratio Rank: 68
ERTH Sortino Ratio Rank: 71
ERTH Omega Ratio Rank: 63
ERTH Calmar Ratio Rank: 71
ERTH Martin Ratio Rank: 72

SMOG

SMOG Risk / Return Rank: 86
SMOG Sharpe Ratio Rank: 85
SMOG Sortino Ratio Rank: 86
SMOG Omega Ratio Rank: 81
SMOG Calmar Ratio Rank: 90
SMOG Martin Ratio Rank: 90

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.

ERTH vs. SMOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Sustainable Future ETF (ERTH) and VanEck Low Carbon Energy ETF (SMOG). 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.

	ERTH	SMOG	Difference
Sharpe ratio Return per unit of total volatility	1.18	1.69	-0.52
Sortino ratio Return per unit of downside risk	1.79	2.31	-0.52
Omega ratio Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio Return relative to maximum drawdown	1.81	2.96	-1.15
Martin ratio Return relative to average drawdown	7.31	11.47	-4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERTH vs. SMOG - Sharpe Ratio Comparison

The current ERTH Sharpe Ratio is 1.18, which is lower than the SMOG Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of ERTH and SMOG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ERTH	SMOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	1.69	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	-0.06	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.44	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.06	+0.14

Correlation

The correlation between ERTH and SMOG is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ERTH vs. SMOG - Dividend Comparison

ERTH's dividend yield for the trailing twelve months is around 1.48%, which matches SMOG's 1.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERTH Invesco MSCI Sustainable Future ETF	1.48%	1.46%	1.00%	1.28%	1.22%	15.33%	0.21%	0.71%	0.61%	0.87%	1.06%	0.79%
SMOG VanEck Low Carbon Energy ETF	1.47%	1.57%	1.64%	1.58%	1.32%	0.44%	0.06%	0.00%	0.62%	1.25%	2.12%	0.56%

Drawdowns

ERTH vs. SMOG - Drawdown Comparison

The maximum ERTH drawdown since its inception was -64.45%, smaller than the maximum SMOG drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for ERTH and SMOG.

Drawdown Indicators

	ERTH	SMOG	Difference
Max Drawdown Largest peak-to-trough decline	-64.45%	-84.39%	+19.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-13.04%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-51.72%	-47.86%	-3.86%
Max Drawdown (10Y) Largest decline over 10 years	-51.72%	-51.10%	-0.62%
Current Drawdown Current decline from peak	-32.20%	-22.64%	-9.56%
Average Drawdown Average peak-to-trough decline	-21.40%	-52.81%	+31.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.37%	-0.20%

Volatility

ERTH vs. SMOG - Volatility Comparison

The current volatility for Invesco MSCI Sustainable Future ETF (ERTH) is 7.21%, while VanEck Low Carbon Energy ETF (SMOG) has a volatility of 10.07%. This indicates that ERTH experiences smaller price fluctuations and is considered to be less risky than SMOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERTH	SMOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	10.07%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	15.75%	-3.16%
Volatility (1Y) Calculated over the trailing 1-year period	20.47%	23.40%	-2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	25.27%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	25.66%	-3.03%