SC0K.DE vs. SMLD.DE
SC0K.DE (Invesco Russell 2000 UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - SC0K.DE is a Small Cap Blend Equities fund tracking the Russell 2000®, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC0K.DE returned 10.39%/yr vs 15.33%/yr for SMLD.DE. At a 0.44 correlation, their price movements are largely independent. SC0K.DE charges 0.45%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC0K.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0K.DE achieves a 17.93% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, SC0K.DE has underperformed SMLD.DE with an annualized return of 10.39%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
SC0K.DE
- 1D
- 0.96%
- 1M
- 4.12%
- YTD
- 17.93%
- 6M
- 16.88%
- 1Y
- 38.56%
- 3Y*
- 15.51%
- 5Y*
- 7.16%
- 10Y*
- 10.39%
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%
SC0K.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0K.DE Invesco Russell 2000 UCITS ETF | 17.93% | 1.56% | 15.91% | 14.84% | -16.55% | 24.70% | 8.14% | 29.08% | -9.05% | 0.67% |
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 SC0K.DE and SMLD.DE is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.44 |
Over the past year, the correlation between SC0K.DE and SMLD.DE has dropped to 0.09 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
SC0K.DE vs. SMLD.DE — Risk / Return Rank
SC0K.DE
SMLD.DE
SC0K.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 UCITS ETF (SC0K.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.
| SC0K.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 0.92 | +3.64 |
| Martin ratioReturn relative to average drawdown | 13.31 | 1.91 | +11.40 |
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
| SC0K.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.51 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 1.10 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.44 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.29 | +0.35 |
Drawdowns
SC0K.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC0K.DE drawdown since its inception was -41.13%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC0K.DE and SMLD.DE.
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Drawdown Indicators
| SC0K.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.13% | -73.78% | +32.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -14.77% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -32.50% | -22.99% | -9.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -22.99% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -70.79% | +29.66% |
Current DrawdownCurrent decline from peak | 0.00% | -3.47% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -17.76% | +9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 7.16% | -4.27% |
Volatility
SC0K.DE vs. SMLD.DE - Volatility Comparison
Invesco Russell 2000 UCITS ETF (SC0K.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
| SC0K.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 | 12.22% | 12.79% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 26.64% | -8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 22.60% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 34.70% | -13.10% |
SC0K.DE vs. SMLD.DE - Expense Ratio Comparison
SC0K.DE has a 0.45% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC0K.DE vs. SMLD.DE - Dividend Comparison
SC0K.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0K.DE Invesco Russell 2000 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
SC0K.DE and SMLD.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0K.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for SMLD.DE.
SC0K.DE is categorized as Small Cap Blend Equities, while SMLD.DE is Energy Equities. SC0K.DE tracks Russell 2000®, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.45% for SC0K.DE and 0.50% for SMLD.DE.
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