ERTH vs. SMOG
Compare and contrast key facts about Invesco MSCI Sustainable Future ETF (ERTH) and VanEck Vectors 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 Ardour Global 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERTH or SMOG.
Key characteristics
| ERTH | SMOG | |
|---|---|---|
| YTD Return | -15.84% | -15.76% |
| 1Y Return | -11.57% | -15.83% |
| 3Y Return (Ann) | -15.43% | -15.53% |
| 5Y Return (Ann) | 1.19% | 8.18% |
| 10Y Return (Ann) | 4.59% | 5.58% |
| Sharpe Ratio | -0.66 | -0.82 |
| Daily Std Dev | 21.48% | 21.99% |
| Max Drawdown | -64.46% | -84.39% |
| Current Drawdown | -44.63% | -49.65% |
Correlation
The correlation between ERTH and SMOG is 0.85, 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.
Performance
ERTH vs. SMOG - Performance Comparison
The year-to-date returns for both investments are quite close, with ERTH having a -15.84% return and SMOG slightly higher at -15.76%. Over the past 10 years, ERTH has underperformed SMOG with an annualized return of 4.59%, while SMOG has yielded a comparatively higher 5.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ERTH vs. SMOG - Expense Ratio Comparison
ERTH has a 0.55% expense ratio, which is lower than SMOG's 0.63% expense ratio.
Risk-Adjusted Performance
ERTH vs. SMOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Sustainable Future ETF (ERTH) and VanEck Vectors 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.
Dividends
ERTH vs. SMOG - Dividend Comparison
ERTH's dividend yield for the trailing twelve months is around 1.54%, less than SMOG's 1.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERTH Invesco MSCI Sustainable Future ETF | 1.54% | 1.28% | 1.22% | 15.33% | 0.21% | 0.50% | 0.61% | 0.87% | 1.06% | 0.79% | 0.83% | 0.85% |
SMOG VanEck Vectors Low Carbon Energy ETF | 1.88% | 1.58% | 1.32% | 0.44% | 0.06% | 0.00% | 0.62% | 1.25% | 2.12% | 0.56% | 0.21% | 0.99% |
Drawdowns
ERTH vs. SMOG - Drawdown Comparison
The maximum ERTH drawdown since its inception was -64.46%, 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. For additional features, visit the drawdowns tool.
Volatility
ERTH vs. SMOG - Volatility Comparison
Invesco MSCI Sustainable Future ETF (ERTH) and VanEck Vectors Low Carbon Energy ETF (SMOG) have volatilities of 5.60% and 5.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.