SC0V.DE vs. SMLD.DE
SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both Energy Equities funds from Invesco - SC0V.DE tracks the STOXX® Europe 600 Optimised Oil & Gas while SMLD.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 10 years, SC0V.DE returned 11.36%/yr vs 15.33%/yr for SMLD.DE. A 0.54 correlation means they provide meaningful diversification when combined. SC0V.DE charges 0.20%/yr vs 0.50%/yr for SMLD.DE.
Performance
SC0V.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0V.DE achieves a 34.01% return, which is significantly higher than SMLD.DE's 20.75% return. Over the past 10 years, SC0V.DE has underperformed SMLD.DE with an annualized return of 11.36%, while SMLD.DE has yielded a comparatively higher 15.33% annualized return.
SC0V.DE
- 1D
- -0.63%
- 1M
- -2.25%
- YTD
- 34.01%
- 6M
- 32.79%
- 1Y
- 58.80%
- 3Y*
- 21.14%
- 5Y*
- 19.52%
- 10Y*
- 11.36%
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%
SC0V.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0V.DE Invesco European Oil & Gas Sector UCITS ETF | 34.01% | 29.15% | -5.65% | 5.37% | 30.86% | 20.64% | -20.83% | 10.41% | -0.18% | 2.31% |
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 SC0V.DE and SMLD.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.54 |
The correlation between SC0V.DE and SMLD.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
SC0V.DE vs. SMLD.DE — Risk / Return Rank
SC0V.DE
SMLD.DE
SC0V.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Oil & Gas Sector UCITS ETF (SC0V.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.
| SC0V.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.15 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 0.92 | +7.00 |
| Martin ratioReturn relative to average drawdown | 28.20 | 1.91 | +26.29 |
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
| SC0V.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 0.51 | +2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.10 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.29 | +0.06 |
Drawdowns
SC0V.DE vs. SMLD.DE - Drawdown Comparison
The maximum SC0V.DE drawdown since its inception was -57.15%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for SC0V.DE and SMLD.DE.
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Drawdown Indicators
| SC0V.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -73.78% | +16.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -14.77% | +7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -22.22% | -22.99% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -22.22% | -22.99% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -57.15% | -70.79% | +13.64% |
Current DrawdownCurrent decline from peak | -5.05% | -3.47% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -17.76% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 7.16% | -5.09% |
Volatility
SC0V.DE vs. SMLD.DE - Volatility Comparison
Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) has a higher volatility of 6.07% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.38%. This indicates that SC0V.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
| SC0V.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.38% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 12.79% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 26.64% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 22.60% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 34.70% | -10.77% |
SC0V.DE vs. SMLD.DE - Expense Ratio Comparison
SC0V.DE has a 0.20% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
SC0V.DE vs. SMLD.DE - Dividend Comparison
SC0V.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0V.DE Invesco European Oil & Gas 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
SC0V.DE and SMLD.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0V.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0V.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.20% for SC0V.DE and 0.50% for SMLD.DE.
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