MLPP.L vs. SMLD.DE
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE).
MLPP.L 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. MLPP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. 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 MLPP.L 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: MLPP.L or SMLD.DE.
Key characteristics
| MLPP.L | SMLD.DE | |
|---|---|---|
| YTD Return | 19.94% | 24.43% |
| 1Y Return | 19.68% | 23.88% |
| 3Y Return (Ann) | 28.12% | 23.63% |
| 5Y Return (Ann) | 19.76% | 15.04% |
| 10Y Return (Ann) | 7.28% | 1.28% |
| Sharpe Ratio | 1.35 | 1.58 |
| Sortino Ratio | 1.96 | 2.18 |
| Omega Ratio | 1.24 | 1.29 |
| Calmar Ratio | 2.11 | 1.38 |
| Martin Ratio | 5.73 | 7.38 |
| Ulcer Index | 3.19% | 3.22% |
| Daily Std Dev | 13.53% | 15.16% |
| Max Drawdown | -71.89% | -82.32% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MLPP.L and SMLD.DE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MLPP.L vs. SMLD.DE - Performance Comparison
In the year-to-date period, MLPP.L achieves a 19.94% return, which is significantly lower than SMLD.DE's 24.43% return. Over the past 10 years, MLPP.L has outperformed SMLD.DE with an annualized return of 7.28%, while SMLD.DE has yielded a comparatively lower 1.28% 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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MLPP.L vs. SMLD.DE - Expense Ratio Comparison
Both MLPP.L and SMLD.DE have an expense ratio of 0.50%.
Risk-Adjusted Performance
MLPP.L vs. SMLD.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) 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
MLPP.L vs. SMLD.DE - Dividend Comparison
MLPP.L's dividend yield for the trailing twelve months is around 8.04%, more than SMLD.DE's 6.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 8.04% | 10.96% | 9.61% | 11.58% | 15.08% | 12.89% | 12.65% | 11.00% | 10.02% | 15.00% | 10.28% | 4.23% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 6.68% | 9.52% | 8.51% | 9.70% | 13.38% | 11.07% | 11.70% | 9.79% | 8.57% | 10.81% | 8.01% | 2.47% |
Drawdowns
MLPP.L vs. SMLD.DE - Drawdown Comparison
The maximum MLPP.L drawdown since its inception was -71.89%, smaller than the maximum SMLD.DE drawdown of -82.32%. Use the drawdown chart below to compare losses from any high point for MLPP.L and SMLD.DE. For additional features, visit the drawdowns tool.
Volatility
MLPP.L vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) is 2.93%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 3.57%. This indicates that MLPP.L 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.