SMLD.DE vs. 6PSK.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and 6PSK.DE (Invesco FTSE RAFI Emerging Markets UCITS ETF) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while 6PSK.DE is a Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 11.43%/yr for 6PSK.DE. At a 0.35 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.49%/yr for 6PSK.DE.
Performance
SMLD.DE vs. 6PSK.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 6PSK.DE's 24.13% return. Over the past 10 years, SMLD.DE has outperformed 6PSK.DE with an annualized return of 15.33%, while 6PSK.DE has yielded a comparatively lower 11.43% annualized 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%
6PSK.DE
- 1D
- -1.81%
- 1M
- 8.81%
- YTD
- 24.13%
- 6M
- 24.28%
- 1Y
- 41.74%
- 3Y*
- 21.76%
- 5Y*
- 11.80%
- 10Y*
- 11.43%
SMLD.DE vs. 6PSK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
6PSK.DE Invesco FTSE RAFI Emerging Markets UCITS ETF | 24.13% | 16.65% | 20.37% | 8.16% | -8.59% | 17.81% | -10.11% | 20.36% | -4.47% | 9.50% |
Correlation
The correlation between SMLD.DE and 6PSK.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.35 |
The correlation between SMLD.DE and 6PSK.DE shifts across timeframes, from -0.03 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. 6PSK.DE — Risk / Return Rank
SMLD.DE
6PSK.DE
SMLD.DE vs. 6PSK.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 Invesco FTSE RAFI Emerging Markets UCITS ETF (6PSK.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 | 6PSK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.45 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 4.22 | -3.29 |
| Martin ratioReturn relative to average drawdown | 1.91 | 16.66 | -14.75 |
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 | 6PSK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.57 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.72 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.63 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.41 | -0.13 |
Drawdowns
SMLD.DE vs. 6PSK.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than 6PSK.DE's maximum drawdown of -42.46%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and 6PSK.DE.
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Drawdown Indicators
| SMLD.DE | 6PSK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -42.46% | -31.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -9.85% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -18.73% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -19.59% | -3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -34.47% | -36.32% |
Current DrawdownCurrent decline from peak | -3.47% | -3.14% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -10.36% | -7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 2.50% | +4.66% |
Volatility
SMLD.DE vs. 6PSK.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.38%, while Invesco FTSE RAFI Emerging Markets UCITS ETF (6PSK.DE) has a volatility of 7.44%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than 6PSK.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 | 6PSK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 7.44% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 13.41% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 16.19% | +10.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 16.24% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 18.21% | +16.49% |
SMLD.DE vs. 6PSK.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than 6PSK.DE's 0.49% expense ratio.
Dividends
SMLD.DE vs. 6PSK.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, more than 6PSK.DE's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6PSK.DE Invesco FTSE RAFI Emerging Markets UCITS ETF | 2.53% | 3.08% | 3.41% | 4.28% | 5.89% | 3.33% | 2.70% | 2.64% | 2.97% | 2.46% | 1.89% | 3.16% |
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 6PSK.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSK.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSK.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while 6PSK.DE is Emerging Markets Equities. SMLD.DE tracks Morningstar MLP Composite, while 6PSK.DE tracks FTSE RAFI Emerging Markets. Their fees differ too: 0.50% for SMLD.DE and 0.49% for 6PSK.DE.
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