S6X0.DE vs. SMLD.DE
S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - S6X0.DE is a Europe Equities fund tracking the EURO STOXX 50, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, S6X0.DE returned 10.39%/yr vs 15.33%/yr for SMLD.DE. At a 0.23 correlation, their price movements are largely independent. S6X0.DE charges 0.05%/yr vs 0.50%/yr for SMLD.DE.
Performance
S6X0.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S6X0.DE achieves a 7.30% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, S6X0.DE has underperformed SMLD.DE with an annualized return of 10.39%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
S6X0.DE
- 1D
- 0.75%
- 1M
- 1.98%
- YTD
- 7.30%
- 6M
- 8.70%
- 1Y
- 15.59%
- 3Y*
- 15.53%
- 5Y*
- 11.36%
- 10Y*
- 10.39%
SMLD.DE
- 1D
- -0.66%
- 1M
- 3.73%
- YTD
- 20.75%
- 6M
- 13.95%
- 1Y
- 14.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
S6X0.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 7.30% | 22.02% | 10.94% | 22.42% | -8.98% | 23.10% | -3.21% | 30.30% | -13.84% | 12.57% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 20.75% | -8.86% | 35.22% | 27.59% | 49.18% | 62.11% | -27.45% | 24.27% | -4.73% | -12.47% |
Correlation
The correlation between S6X0.DE and SMLD.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.23 |
The correlation between S6X0.DE and SMLD.DE shifts across timeframes, from -0.05 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
S6X0.DE vs. SMLD.DE — Risk / Return Rank
S6X0.DE
SMLD.DE
S6X0.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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.
| S6X0.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.92 | +0.51 |
| Martin ratioReturn relative to average drawdown | 4.89 | 1.91 | +2.98 |
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
| S6X0.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.51 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.10 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.44 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.29 | +0.22 |
Drawdowns
S6X0.DE vs. SMLD.DE - Drawdown Comparison
The maximum S6X0.DE drawdown since its inception was -38.54%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for S6X0.DE and SMLD.DE.
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Drawdown Indicators
| S6X0.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.54% | -73.78% | +35.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -14.77% | +3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -22.99% | +6.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | -22.99% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -38.54% | -70.79% | +32.25% |
Current DrawdownCurrent decline from peak | -0.51% | -3.47% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -17.76% | +10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 7.16% | -3.95% |
Volatility
S6X0.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) is 4.96%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 5.38%. This indicates that S6X0.DE 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.
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Volatility by Period
| S6X0.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 5.38% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 12.79% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 26.64% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 22.60% | -5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 34.70% | -14.10% |
S6X0.DE vs. SMLD.DE - Expense Ratio Comparison
S6X0.DE has a 0.05% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
S6X0.DE vs. SMLD.DE - Dividend Comparison
S6X0.DE's dividend yield for the trailing twelve months is around 2.78%, less than SMLD.DE's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.78% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.48% | 3.69% | 2.92% | 3.18% | 3.05% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.55% | 8.45% | 12.45% | 18.33% | 14.40% | 17.94% | 25.01% | 18.21% | 21.61% | 18.39% | 14.39% | 20.63% |
Frequently Asked Questions
S6X0.DE and SMLD.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.50% for SMLD.DE.
S6X0.DE is categorized as Europe Equities, while SMLD.DE is Energy Equities. S6X0.DE tracks EURO STOXX 50, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.05% for S6X0.DE and 0.50% for SMLD.DE.
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