SC04.DE vs. SMLD.DE
SC04.DE (Invesco European Household Sector UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - SC04.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Personal & Household Goods, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC04.DE returned 4.39%/yr vs 15.33%/yr for SMLD.DE. At a 0.22 correlation, their price movements are largely independent. SC04.DE charges 0.20%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC04.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC04.DE achieves a -10.69% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, SC04.DE has underperformed SMLD.DE with an annualized return of 4.39%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
SC04.DE
- 1D
- -0.09%
- 1M
- -1.26%
- YTD
- -10.69%
- 6M
- -10.59%
- 1Y
- -3.77%
- 3Y*
- -0.12%
- 5Y*
- 0.82%
- 10Y*
- 4.39%
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%
SC04.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC04.DE Invesco European Household Sector UCITS ETF | -10.69% | 7.57% | 7.08% | 8.48% | -10.95% | 19.37% | 6.54% | 29.50% | -16.18% | 13.26% |
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 SC04.DE and SMLD.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.22 |
The correlation between SC04.DE and SMLD.DE shifts across timeframes, from -0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC04.DE vs. SMLD.DE — Risk / Return Rank
SC04.DE
SMLD.DE
SC04.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Household Sector UCITS ETF (SC04.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.
| SC04.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.15 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.92 | -1.19 |
| Martin ratioReturn relative to average drawdown | -0.63 | 1.91 | -2.54 |
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
| SC04.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.51 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.10 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.44 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.29 | +0.29 |
Drawdowns
SC04.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC04.DE drawdown since its inception was -29.42%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC04.DE and SMLD.DE.
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Drawdown Indicators
| SC04.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.42% | -73.78% | +44.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -14.77% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -22.99% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -22.99% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -29.42% | -70.79% | +41.37% |
Current DrawdownCurrent decline from peak | -12.83% | -3.47% | -9.36% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -17.76% | +12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 7.16% | -0.52% |
Volatility
SC04.DE vs. SMLD.DE - Volatility Comparison
Invesco European Household Sector UCITS ETF (SC04.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) have volatilities of 5.37% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC04.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 5.38% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 12.79% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 26.64% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 22.60% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 34.70% | -17.73% |
SC04.DE vs. SMLD.DE - Expense Ratio Comparison
SC04.DE has a 0.20% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC04.DE vs. SMLD.DE - Dividend Comparison
SC04.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC04.DE Invesco European Household Sector 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
SC04.DE and SMLD.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC04.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC04.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SC04.DE is categorized as Consumer Staples Equities, while SMLD.DE is Energy Equities. SC04.DE tracks STOXX® Europe 600 Optimised Personal & Household Goods, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.20% for SC04.DE and 0.50% for SMLD.DE.
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