ESGU.DE vs. SMLD.DE
ESGU.DE (Invesco MSCI USA ESG Universal Screened UCITS ETF Acc) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - ESGU.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Universal Select Business Screens, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 5 years, ESGU.DE returned 13.90%/yr vs 25.24%/yr for SMLD.DE. At a 0.37 correlation, their price movements are largely independent. ESGU.DE charges 0.09%/yr vs 0.50%/yr for SMLD.DE.
Performance
ESGU.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGU.DE achieves a 12.55% return, which is significantly lower than SMLD.DE's 20.75% return.
ESGU.DE
- 1D
- -0.51%
- 1M
- 4.97%
- YTD
- 12.55%
- 6M
- 11.46%
- 1Y
- 25.03%
- 3Y*
- 18.92%
- 5Y*
- 13.90%
- 10Y*
- —
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%
ESGU.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 12.55% | 3.01% | 31.66% | 23.96% | -17.68% | 39.98% | 12.25% | 13.25% |
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% | -3.14% |
Correlation
The correlation between ESGU.DE and SMLD.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.37 |
Over the past year, the correlation between ESGU.DE and SMLD.DE has dropped to 0.14 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
ESGU.DE vs. SMLD.DE — Risk / Return Rank
ESGU.DE
SMLD.DE
ESGU.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.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.
| ESGU.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.15 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.92 | +2.18 |
| Martin ratioReturn relative to average drawdown | 10.84 | 1.91 | +8.93 |
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
| ESGU.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.51 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.10 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.29 | +0.61 |
Drawdowns
ESGU.DE vs. SMLD.DE - Drawdown Comparison
The maximum ESGU.DE drawdown since its inception was -32.63%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for ESGU.DE and SMLD.DE.
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Drawdown Indicators
| ESGU.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -73.78% | +41.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -14.77% | +6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.69% | -22.99% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -22.99% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.79% | — |
Current DrawdownCurrent decline from peak | -0.53% | -3.47% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -17.76% | +12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 7.16% | -4.85% |
Volatility
ESGU.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) is 2.90%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 5.38%. This indicates that ESGU.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
| ESGU.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 5.38% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 12.79% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 26.64% | -14.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 22.60% | -6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 34.70% | -17.23% |
ESGU.DE vs. SMLD.DE - Expense Ratio Comparison
ESGU.DE has a 0.09% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
ESGU.DE vs. SMLD.DE - Dividend Comparison
ESGU.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ESGU.DE and SMLD.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGU.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGU.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for SMLD.DE.
ESGU.DE is categorized as Large Cap Blend Equities, while SMLD.DE is Energy Equities. ESGU.DE tracks MSCI USA ESG Universal Select Business Screens, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.09% for ESGU.DE and 0.50% for SMLD.DE.
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