S7XE.DE vs. SMLD.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, S7XE.DE returned 14.41%/yr vs 15.33%/yr for SMLD.DE. At a 0.29 correlation, their price movements are largely independent. S7XE.DE charges 0.30%/yr vs 0.50%/yr for SMLD.DE.
Performance
S7XE.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S7XE.DE achieves a 4.99% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, S7XE.DE has underperformed SMLD.DE with an annualized return of 14.41%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
S7XE.DE
- 1D
- 1.09%
- 1M
- 2.40%
- YTD
- 4.99%
- 6M
- 12.49%
- 1Y
- 36.30%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
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%
S7XE.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
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 S7XE.DE and SMLD.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.29 |
The correlation between S7XE.DE and SMLD.DE shifts across timeframes, from -0.14 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S7XE.DE vs. SMLD.DE — Risk / Return Rank
S7XE.DE
SMLD.DE
S7XE.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.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.
| S7XE.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.15 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.92 | +1.27 |
| Martin ratioReturn relative to average drawdown | 6.92 | 1.91 | +5.01 |
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
| S7XE.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.51 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.10 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.44 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.29 | -0.05 |
Drawdowns
S7XE.DE vs. SMLD.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and SMLD.DE.
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Drawdown Indicators
| S7XE.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -73.78% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -14.77% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -22.99% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -22.99% | -12.43% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | -70.79% | +7.69% |
Current DrawdownCurrent decline from peak | -2.02% | -3.47% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -17.76% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 7.16% | -1.62% |
Volatility
S7XE.DE vs. SMLD.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.38%. This indicates that S7XE.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
| S7XE.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.38% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 12.79% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 26.64% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 22.60% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 34.70% | -6.04% |
S7XE.DE vs. SMLD.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
S7XE.DE vs. SMLD.DE - Dividend Comparison
S7XE.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 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 | 7.55% | 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
S7XE.DE and SMLD.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S7XE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for SMLD.DE.
S7XE.DE is categorized as Financials Equities, while SMLD.DE is Energy Equities. S7XE.DE tracks EURO STOXX® Optimised Banks, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.30% for S7XE.DE and 0.50% for SMLD.DE.
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