JMLP.DE vs. SMLD.DE
Compare and contrast key facts about HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE).
JMLP.DE and SMLD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMLP.DE is a passively managed fund by HANetf that tracks the performance of the Alerian Midstream Energy Dividend. It was launched on Jul 27, 2020. SMLD.DE is a passively managed fund by Invesco that tracks the performance of the Morningstar MLP Composite. It was launched on May 15, 2013. Both JMLP.DE and SMLD.DE 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: JMLP.DE or SMLD.DE.
Key characteristics
| JMLP.DE | SMLD.DE | |
|---|---|---|
| YTD Return | 42.31% | 23.83% |
| 1Y Return | 43.20% | 22.45% |
| 3Y Return (Ann) | 24.55% | 23.50% |
| Sharpe Ratio | 2.70 | 1.01 |
| Sortino Ratio | 3.70 | 1.58 |
| Omega Ratio | 1.49 | 1.25 |
| Calmar Ratio | 5.99 | 1.28 |
| Martin Ratio | 24.67 | 5.59 |
| Ulcer Index | 1.72% | 3.96% |
| Daily Std Dev | 15.63% | 21.77% |
| Max Drawdown | -19.49% | -82.32% |
| Current Drawdown | 0.00% | -2.88% |
Correlation
The correlation between JMLP.DE and SMLD.DE 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
JMLP.DE vs. SMLD.DE - Performance Comparison
In the year-to-date period, JMLP.DE achieves a 42.31% return, which is significantly higher than SMLD.DE's 23.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JMLP.DE vs. SMLD.DE - Expense Ratio Comparison
JMLP.DE has a 0.40% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Risk-Adjusted Performance
JMLP.DE vs. SMLD.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.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.
Dividends
JMLP.DE vs. SMLD.DE - Dividend Comparison
JMLP.DE's dividend yield for the trailing twelve months is around 3.09%, less than SMLD.DE's 6.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 3.09% | 7.00% | 8.29% | 7.61% | 4.84% | 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 | 6.71% | 9.52% | 8.51% | 9.70% | 13.38% | 11.07% | 11.70% | 9.79% | 8.57% | 10.81% | 8.01% | 2.47% |
Drawdowns
JMLP.DE vs. SMLD.DE - Drawdown Comparison
The maximum JMLP.DE drawdown since its inception was -19.49%, smaller than the maximum SMLD.DE drawdown of -82.32%. Use the drawdown chart below to compare losses from any high point for JMLP.DE and SMLD.DE. For additional features, visit the drawdowns tool.
Volatility
JMLP.DE vs. SMLD.DE - Volatility Comparison
HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) has a higher volatility of 5.05% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 3.71%. This indicates that JMLP.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.