QDVF.DE vs. SMLD.DE
QDVF.DE (iShares S&P 500 Energy Sector UCITS ETF (Acc)) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both Energy Equities funds - QDVF.DE tracks the S&P 500 Capped 35/20 Energy while SMLD.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, QDVF.DE returned 7.79%/yr vs 6.59%/yr for SMLD.DE. A 0.72 correlation means they provide meaningful diversification when combined. QDVF.DE charges 0.15%/yr vs 0.50%/yr for SMLD.DE.
Performance
QDVF.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVF.DE achieves a 21.96% return, which is significantly higher than SMLD.DE's 19.81% return. Over the past 10 years, QDVF.DE has outperformed SMLD.DE with an annualized return of 7.79%, while SMLD.DE has yielded a comparatively lower 6.59% annualized return.
QDVF.DE
- 1D
- -0.41%
- 1M
- -8.56%
- 6M
- 20.75%
- YTD
- 21.96%
- 1Y
- 27.56%
- 3Y*
- 9.96%
- 5Y*
- 18.67%
- 10Y*
- 7.79%
SMLD.DE
- 1D
- 0.81%
- 1M
- -1.44%
- 6M
- 18.91%
- YTD
- 19.81%
- 1Y
- 15.83%
- 3Y*
- 15.35%
- 5Y*
- 17.25%
- 10Y*
- 6.59%
QDVF.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVF.DE iShares S&P 500 Energy Sector UCITS ETF (Acc) | 21.96% | -2.69% | 9.20% | -3.72% | 72.35% | 68.03% | -40.35% | 13.03% | -14.93% | -13.31% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 19.81% | -8.84% | 28.79% | 15.50% | 39.45% | 46.81% | -37.59% | 12.61% | -11.81% | -19.80% |
Correlation
The correlation between QDVF.DE and SMLD.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.72 |
The correlation between QDVF.DE and SMLD.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
QDVF.DE vs. SMLD.DE — Risk / Return Rank
QDVF.DE
SMLD.DE
QDVF.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF (Acc) (QDVF.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.
| QDVF.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.63 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.18 | 3.59 | +0.59 |
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Drawdowns
QDVF.DE vs. SMLD.DE - Drawdown Comparison
The maximum QDVF.DE drawdown since its inception was -65.82%, smaller than the maximum SMLD.DE drawdown of -83.65%. Use the drawdown chart below to compare losses from any high point for QDVF.DE and SMLD.DE.
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Drawdown Indicators
| QDVF.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.82% | -83.65% | +17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -17.23% | -9.68% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.15% | -22.99% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.15% | -22.99% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -65.82% | -76.32% | +10.50% |
Current DrawdownCurrent decline from peak | -16.28% | -4.21% | -12.07% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -34.00% | +16.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 4.40% | +2.18% |
Volatility
QDVF.DE vs. SMLD.DE - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF (Acc) (QDVF.DE) has a higher volatility of 6.33% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 4.56%. This indicates that QDVF.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
| QDVF.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 4.56% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 20.92% | 13.00% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 16.45% | +8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.11% | 20.31% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 29.07% | +0.58% |
QDVF.DE vs. SMLD.DE - Expense Ratio Comparison
QDVF.DE has a 0.15% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
QDVF.DE vs. SMLD.DE - Dividend Comparison
QDVF.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDVF.DE iShares S&P 500 Energy Sector 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 | 7.76% | 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
QDVF.DE and SMLD.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVF.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for SMLD.DE.
QDVF.DE tracks S&P 500 Capped 35/20 Energy, while SMLD.DE tracks Morningstar MLP Composite. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for QDVF.DE and 0.50% for SMLD.DE.
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