SC0H.DE vs. SMLD.DE
SC0H.DE (Invesco MSCI USA UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - SC0H.DE is a Large Cap Blend Equities fund tracking the MSCI USA, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC0H.DE returned 15.07%/yr vs 15.33%/yr for SMLD.DE. At a 0.41 correlation, their price movements are largely independent. SC0H.DE charges 0.05%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC0H.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0H.DE achieves a 11.30% return, which is significantly lower than SMLD.DE's 20.75% return. Both investments have delivered pretty close results over the past 10 years, with SC0H.DE having a 15.07% annualized return and SMLD.DE not far ahead at 15.33%.
SC0H.DE
- 1D
- -0.11%
- 1M
- 5.36%
- YTD
- 11.30%
- 6M
- 11.28%
- 1Y
- 25.34%
- 3Y*
- 19.18%
- 5Y*
- 14.59%
- 10Y*
- 15.07%
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%
SC0H.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0H.DE Invesco MSCI USA UCITS ETF | 11.30% | 4.77% | 32.56% | 23.60% | -15.55% | 38.99% | 9.76% | 35.08% | -1.12% | 6.55% |
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 SC0H.DE and SMLD.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.41 |
Over the past year, the correlation between SC0H.DE and SMLD.DE has dropped to 0.12 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SC0H.DE vs. SMLD.DE — Risk / Return Rank
SC0H.DE
SMLD.DE
SC0H.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (SC0H.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.
| SC0H.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.15 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 0.92 | +2.52 |
| Martin ratioReturn relative to average drawdown | 11.96 | 1.91 | +10.05 |
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
| SC0H.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.51 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.10 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.44 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.29 | +0.69 |
Drawdowns
SC0H.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC0H.DE drawdown since its inception was -34.20%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC0H.DE and SMLD.DE.
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Drawdown Indicators
| SC0H.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.20% | -73.78% | +39.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -14.77% | +7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -22.99% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -22.99% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | -70.79% | +36.59% |
Current DrawdownCurrent decline from peak | -0.41% | -3.47% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -17.76% | +13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 7.16% | -5.05% |
Volatility
SC0H.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco MSCI USA UCITS ETF (SC0H.DE) is 2.68%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 5.38%. This indicates that SC0H.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
| SC0H.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 5.38% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 12.79% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 26.64% | -14.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 22.60% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 34.70% | -18.47% |
SC0H.DE vs. SMLD.DE - Expense Ratio Comparison
SC0H.DE has a 0.05% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC0H.DE vs. SMLD.DE - Dividend Comparison
SC0H.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0H.DE Invesco MSCI USA 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
SC0H.DE and SMLD.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0H.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.50% for SMLD.DE.
SC0H.DE is categorized as Large Cap Blend Equities, while SMLD.DE is Energy Equities. SC0H.DE tracks MSCI USA, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.05% for SC0H.DE and 0.50% for SMLD.DE.
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