SC0T.DE vs. SMLD.DE
SC0T.DE (Invesco European Health Care Sector UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - SC0T.DE is a Health & Biotech Equities fund tracking the STOXX® Europe 600 Optimised Health Care, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC0T.DE returned 5.80%/yr vs 15.33%/yr for SMLD.DE. At a 0.22 correlation, their price movements are largely independent. SC0T.DE charges 0.20%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC0T.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0T.DE achieves a -3.57% return, which is significantly lower than SMLD.DE's 20.75% return. Over the past 10 years, SC0T.DE has underperformed SMLD.DE with an annualized return of 5.80%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
SC0T.DE
- 1D
- 2.93%
- 1M
- 0.25%
- YTD
- -3.57%
- 6M
- -2.50%
- 1Y
- 2.66%
- 3Y*
- 2.80%
- 5Y*
- 4.81%
- 10Y*
- 5.80%
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%
SC0T.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0T.DE Invesco European Health Care Sector UCITS ETF | -3.57% | 8.45% | 6.96% | 5.35% | -7.56% | 25.20% | -1.18% | 32.22% | -1.43% | 4.65% |
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 SC0T.DE and SMLD.DE is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.22 |
The correlation between SC0T.DE and SMLD.DE shifts across timeframes, from -0.14 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC0T.DE vs. SMLD.DE — Risk / Return Rank
SC0T.DE
SMLD.DE
SC0T.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Health Care Sector UCITS ETF (SC0T.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.
| SC0T.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.92 | -0.68 |
| Martin ratioReturn relative to average drawdown | 0.56 | 1.91 | -1.35 |
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
| SC0T.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.51 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 1.10 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.44 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.29 | +0.34 |
Drawdowns
SC0T.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC0T.DE drawdown since its inception was -26.52%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC0T.DE and SMLD.DE.
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Drawdown Indicators
| SC0T.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.52% | -73.78% | +47.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -14.77% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -22.99% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -22.99% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -26.52% | -70.79% | +44.27% |
Current DrawdownCurrent decline from peak | -9.59% | -3.47% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -17.76% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 7.16% | -1.58% |
Volatility
SC0T.DE vs. SMLD.DE - Volatility Comparison
Invesco European Health Care Sector UCITS ETF (SC0T.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) have volatilities of 5.31% 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
| SC0T.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 5.38% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 12.79% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 26.64% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 22.60% | -7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 34.70% | -19.31% |
SC0T.DE vs. SMLD.DE - Expense Ratio Comparison
SC0T.DE has a 0.20% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC0T.DE vs. SMLD.DE - Dividend Comparison
SC0T.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0T.DE Invesco European Health Care 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
SC0T.DE and SMLD.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0T.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0T.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SC0T.DE is categorized as Health & Biotech Equities, while SMLD.DE is Energy Equities. SC0T.DE tracks STOXX® Europe 600 Optimised Health Care, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.20% for SC0T.DE and 0.50% for SMLD.DE.
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