SC05.DE vs. SMLD.DE
SC05.DE (Invesco European Retail Sector UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - SC05.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Retail, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC05.DE returned 4.56%/yr vs 15.33%/yr for SMLD.DE. At a 0.26 correlation, their price movements are largely independent. SC05.DE charges 0.20%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC05.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC05.DE achieves a -2.73% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, SC05.DE has underperformed SMLD.DE with an annualized return of 4.56%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
SC05.DE
- 1D
- 1.07%
- 1M
- 8.22%
- YTD
- -2.73%
- 6M
- -1.05%
- 1Y
- -0.73%
- 3Y*
- 9.76%
- 5Y*
- -0.57%
- 10Y*
- 4.56%
SMLD.DE
- 1D
- -0.66%
- 1M
- 0.52%
- YTD
- 20.75%
- 6M
- 14.96%
- 1Y
- 13.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
SC05.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC05.DE Invesco European Retail Sector UCITS ETF | -2.73% | 8.95% | 8.15% | 35.71% | -33.09% | 12.03% | 11.17% | 39.11% | -12.09% | -1.89% |
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 SC05.DE and SMLD.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.26 |
The correlation between SC05.DE and SMLD.DE shifts across timeframes, from -0.08 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC05.DE vs. SMLD.DE — Risk / Return Rank
SC05.DE
SMLD.DE
SC05.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Retail Sector UCITS ETF (SC05.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.
| SC05.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.92 | -0.97 |
| Martin ratioReturn relative to average drawdown | -0.11 | 1.91 | -2.02 |
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
| SC05.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 0.51 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 1.10 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.44 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.29 | +0.01 |
Drawdowns
SC05.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC05.DE drawdown since its inception was -51.51%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC05.DE and SMLD.DE.
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Drawdown Indicators
| SC05.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.51% | -73.78% | +22.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.81% | -14.77% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -22.99% | +3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -51.51% | -22.99% | -28.52% |
Max Drawdown (10Y)Largest decline over 10 years | -51.51% | -70.79% | +19.28% |
Current DrawdownCurrent decline from peak | -5.67% | -3.47% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -17.76% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 7.16% | -0.75% |
Volatility
SC05.DE vs. SMLD.DE - Volatility Comparison
Invesco European Retail Sector UCITS ETF (SC05.DE) has a higher volatility of 6.40% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.38%. This indicates that SC05.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
| SC05.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 5.38% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 12.79% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.04% | 26.64% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 22.60% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 34.70% | -14.46% |
SC05.DE vs. SMLD.DE - Expense Ratio Comparison
SC05.DE has a 0.20% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC05.DE vs. SMLD.DE - Dividend Comparison
SC05.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC05.DE Invesco European Retail 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
SC05.DE and SMLD.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC05.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC05.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SC05.DE is categorized as Consumer Staples Equities, while SMLD.DE is Energy Equities. SC05.DE tracks STOXX® Europe 600 Optimised Retail, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.20% for SC05.DE and 0.50% for SMLD.DE.
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