SC0R.DE vs. SMLD.DE
SC0R.DE (Invesco European Travel Sector UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - SC0R.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Travel & Leisure, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC0R.DE returned 3.85%/yr vs 15.33%/yr for SMLD.DE. At a 0.24 correlation, their price movements are largely independent. SC0R.DE charges 0.20%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC0R.DE vs. SMLD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SC0R.DE achieves a 0.24% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, SC0R.DE has underperformed SMLD.DE with an annualized return of 3.85%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
SC0R.DE
- 1D
- 0.49%
- 1M
- 11.79%
- YTD
- 0.24%
- 6M
- 5.38%
- 1Y
- 8.65%
- 3Y*
- 6.07%
- 5Y*
- 2.45%
- 10Y*
- 3.85%
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%
SC0R.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0R.DE Invesco European Travel Sector UCITS ETF | 0.24% | 6.02% | 14.47% | 24.44% | -14.51% | 6.20% | -13.70% | 23.30% | -14.12% | 19.55% |
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 SC0R.DE and SMLD.DE is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
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 | 0.24 |
The correlation between SC0R.DE and SMLD.DE shifts across timeframes, from -0.20 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SC0R.DE vs. SMLD.DE — Risk / Return Rank
SC0R.DE
SMLD.DE
SC0R.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Travel Sector UCITS ETF (SC0R.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.
| SC0R.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.15 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.92 | -0.32 |
| Martin ratioReturn relative to average drawdown | 1.44 | 1.91 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SC0R.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.51 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.10 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.44 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.29 | +0.10 |
Drawdowns
SC0R.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC0R.DE drawdown since its inception was -55.64%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC0R.DE and SMLD.DE.
Loading charts...
Drawdown Indicators
| SC0R.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.64% | -73.78% | +18.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -14.77% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -22.99% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -38.34% | -22.99% | -15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -55.64% | -70.79% | +15.15% |
Current DrawdownCurrent decline from peak | -1.42% | -3.47% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -17.76% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 7.16% | -1.17% |
Volatility
SC0R.DE vs. SMLD.DE - Volatility Comparison
Invesco European Travel Sector UCITS ETF (SC0R.DE) has a higher volatility of 5.86% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.38%. This indicates that SC0R.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.
Loading charts...
Volatility by Period
| SC0R.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 5.38% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 12.79% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 26.64% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 22.60% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.89% | 34.70% | -9.81% |
SC0R.DE vs. SMLD.DE - Expense Ratio Comparison
SC0R.DE has a 0.20% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC0R.DE vs. SMLD.DE - Dividend Comparison
SC0R.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0R.DE Invesco European Travel 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
SC0R.DE and SMLD.DE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0R.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0R.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SC0R.DE is categorized as Consumer Staples Equities, while SMLD.DE is Energy Equities. SC0R.DE tracks STOXX® Europe 600 Optimised Travel & Leisure, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.20% for SC0R.DE and 0.50% for SMLD.DE.
Find the right allocation for SC0R.DE and SMLD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer