S0LR.DE vs. SMLP.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) are both Energy Equities funds from Invesco - S0LR.DE tracks the MAC Global Solar Energy while SMLP.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 3 years, S0LR.DE returned -3.99%/yr vs 15.69%/yr for SMLP.DE. At a 0.20 correlation, their price movements are largely independent. S0LR.DE charges 0.69%/yr vs 0.50%/yr for SMLP.DE.
Performance
S0LR.DE vs. SMLP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S0LR.DE achieves a 39.14% return, which is significantly higher than SMLP.DE's 21.07% return.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
SMLP.DE
- 1D
- -0.67%
- 1M
- 0.55%
- YTD
- 21.07%
- 6M
- 14.97%
- 1Y
- 13.65%
- 3Y*
- 15.69%
- 5Y*
- 18.35%
- 10Y*
- 6.71%
S0LR.DE vs. SMLP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 21.07% | -9.11% | 28.88% | 15.48% | 39.72% | 6.40% |
Correlation
The correlation between S0LR.DE and SMLP.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.20 |
The correlation between S0LR.DE and SMLP.DE shifts across timeframes, from -0.07 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S0LR.DE vs. SMLP.DE — Risk / Return Rank
S0LR.DE
SMLP.DE
S0LR.DE vs. SMLP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (S0LR.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.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.
| S0LR.DE | SMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.15 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 1.41 | +7.30 |
| Martin ratioReturn relative to average drawdown | 21.79 | 3.20 | +18.59 |
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
| S0LR.DE | SMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 0.83 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.10 | -0.21 |
Drawdowns
S0LR.DE vs. SMLP.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, smaller than the maximum SMLP.DE drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for S0LR.DE and SMLP.DE.
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Drawdown Indicators
| S0LR.DE | SMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -79.34% | +5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -9.62% | -2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | -22.58% | -42.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.25% | — |
Current DrawdownCurrent decline from peak | -32.82% | -3.45% | -29.37% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -25.61% | -14.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 4.25% | +0.46% |
Volatility
S0LR.DE vs. SMLP.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) at 5.21%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than SMLP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S0LR.DE | SMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 5.21% | +7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 12.78% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 16.31% | +17.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 20.44% | +15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 28.59% | +7.64% |
S0LR.DE vs. SMLP.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than SMLP.DE's 0.50% expense ratio.
Dividends
S0LR.DE vs. SMLP.DE - Dividend Comparison
Neither S0LR.DE nor SMLP.DE has paid dividends to shareholders.
Frequently Asked Questions
S0LR.DE and SMLP.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLP.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLP.DE is cheaper with a 0.50% expense ratio, compared with 0.69% for S0LR.DE.
S0LR.DE tracks MAC Global Solar Energy, while SMLP.DE tracks Morningstar MLP Composite. Their fees differ too: 0.69% for S0LR.DE and 0.50% for SMLP.DE.
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