SMLD.DE vs. 5MVW.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and 5MVW.DE (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds - SMLD.DE tracks the Morningstar MLP Composite while 5MVW.DE tracks the MSCI World Energy. Both are passively managed. Over the past 5 years, SMLD.DE returned 25.24%/yr vs 20.31%/yr for 5MVW.DE. A 0.74 correlation means they provide meaningful diversification when combined. SMLD.DE charges 0.50%/yr vs 0.18%/yr for 5MVW.DE.
Performance
SMLD.DE vs. 5MVW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLD.DE achieves a 20.75% return, which is significantly lower than 5MVW.DE's 32.79% return.
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%
5MVW.DE
- 1D
- -0.61%
- 1M
- -0.86%
- YTD
- 32.79%
- 6M
- 29.07%
- 1Y
- 44.87%
- 3Y*
- 15.65%
- 5Y*
- 20.31%
- 10Y*
- —
SMLD.DE vs. 5MVW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.83% |
5MVW.DE iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 32.79% | 2.17% | 7.57% | 0.01% | 54.20% | 52.29% | -36.78% | 4.54% |
Correlation
The correlation between SMLD.DE and 5MVW.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.74 |
The correlation between SMLD.DE and 5MVW.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
SMLD.DE vs. 5MVW.DE — Risk / Return Rank
SMLD.DE
5MVW.DE
SMLD.DE vs. 5MVW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (5MVW.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.
| SMLD.DE | 5MVW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.97 | -2.04 |
| Martin ratioReturn relative to average drawdown | 1.91 | 9.81 | -7.90 |
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
| SMLD.DE | 5MVW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.10 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.84 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.45 | -0.16 |
Drawdowns
SMLD.DE vs. 5MVW.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than 5MVW.DE's maximum drawdown of -56.87%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and 5MVW.DE.
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Drawdown Indicators
| SMLD.DE | 5MVW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -56.87% | -16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -15.05% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -23.76% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -23.76% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | — | — |
Current DrawdownCurrent decline from peak | -3.47% | -7.49% | +4.02% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -13.53% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 4.56% | +2.60% |
Volatility
SMLD.DE vs. 5MVW.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.38%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (5MVW.DE) has a volatility of 6.76%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than 5MVW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLD.DE | 5MVW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 6.76% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 18.33% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 21.33% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 23.99% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 29.20% | +5.50% |
SMLD.DE vs. 5MVW.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than 5MVW.DE's 0.18% expense ratio.
Dividends
SMLD.DE vs. 5MVW.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, more than 5MVW.DE's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5MVW.DE iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 2.48% | 3.29% | 3.54% | 3.64% | 3.41% | 3.49% | 5.08% | 0.63% | 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
SMLD.DE and 5MVW.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5MVW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5MVW.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE tracks Morningstar MLP Composite, while 5MVW.DE tracks MSCI World Energy. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for SMLD.DE and 0.18% for 5MVW.DE.
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