IS0D.DE vs. SMLD.DE
IS0D.DE (iShares Oil & Gas Exploration & Production UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both Energy Equities funds - IS0D.DE tracks the S&P Commodity Producers Oil & Gas Exploration & Production while SMLD.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, IS0D.DE returned 6.16%/yr vs 6.57%/yr for SMLD.DE. A 0.69 correlation means they provide meaningful diversification when combined. IS0D.DE charges 0.55%/yr vs 0.50%/yr for SMLD.DE.
Performance
IS0D.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IS0D.DE having a 19.06% return and SMLD.DE slightly lower at 18.69%. Over the past 10 years, IS0D.DE has underperformed SMLD.DE with an annualized return of 6.16%, while SMLD.DE has yielded a comparatively higher 6.57% annualized return.
IS0D.DE
- 1D
- -0.33%
- 1M
- -6.02%
- YTD
- 19.06%
- 6M
- 21.02%
- 1Y
- 21.84%
- 3Y*
- 8.97%
- 5Y*
- 14.44%
- 10Y*
- 6.16%
SMLD.DE
- 1D
- 0.39%
- 1M
- -2.20%
- YTD
- 18.69%
- 6M
- 18.95%
- 1Y
- 15.35%
- 3Y*
- 16.24%
- 5Y*
- 17.39%
- 10Y*
- 6.57%
IS0D.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0D.DE iShares Oil & Gas Exploration & Production UCITS ETF | 19.06% | -4.44% | 3.15% | -0.98% | 44.41% | 86.31% | -39.10% | 13.52% | -18.96% | -15.75% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 18.69% | -8.84% | 28.79% | 15.50% | 39.45% | 46.81% | -37.59% | 12.61% | -11.81% | -19.80% |
Correlation
The correlation between IS0D.DE and SMLD.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 16, 2013 | 0.69 |
The correlation between IS0D.DE and SMLD.DE has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
IS0D.DE vs. SMLD.DE — Risk / Return Rank
IS0D.DE
SMLD.DE
IS0D.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF (IS0D.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.
| IS0D.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.58 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.19 | 3.51 | -0.32 |
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Drawdowns
IS0D.DE vs. SMLD.DE - Drawdown Comparison
The maximum IS0D.DE drawdown since its inception was -83.80%, roughly equal to the maximum SMLD.DE drawdown of -83.65%. Use the drawdown chart below to compare losses from any high point for IS0D.DE and SMLD.DE.
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Drawdown Indicators
| IS0D.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.80% | -83.65% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.52% | -9.68% | -8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -30.79% | -22.99% | -7.80% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -22.99% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -73.71% | -76.32% | +2.61% |
Current DrawdownCurrent decline from peak | -17.79% | -5.10% | -12.69% |
Average DrawdownAverage peak-to-trough decline | -38.83% | -34.05% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 4.35% | +2.47% |
Volatility
IS0D.DE vs. SMLD.DE - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF (IS0D.DE) has a higher volatility of 7.81% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.19%. This indicates that IS0D.DE's price experiences larger fluctuations and is considered to be riskier 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
| IS0D.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 5.19% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 22.95% | 13.06% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 16.55% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.47% | 20.36% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.49% | 29.10% | +4.39% |
IS0D.DE vs. SMLD.DE - Expense Ratio Comparison
IS0D.DE has a 0.55% expense ratio, which is higher than SMLD.DE's 0.50% expense ratio.
Dividends
IS0D.DE vs. SMLD.DE - Dividend Comparison
IS0D.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0D.DE iShares Oil & Gas Exploration & Production UCITS ETF | 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 | 7.83% | 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
IS0D.DE and SMLD.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLD.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLD.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for IS0D.DE.
IS0D.DE tracks S&P Commodity Producers Oil & Gas Exploration & Production, while SMLD.DE tracks Morningstar MLP Composite. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IS0D.DE and 0.50% for SMLD.DE.
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