SMLD.DE vs. AAPL
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) and Apple Inc (AAPL).
SMLD.DE is a passively managed fund by Invesco that tracks the performance of the Morningstar MLP Composite. It was launched on May 15, 2013.
Performance
SMLD.DE vs. AAPL - Performance Comparison
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SMLD.DE vs. AAPL - 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 | 16.58% | -8.86% | 35.22% | 27.59% | 49.18% | 62.11% | -27.45% | 24.27% | -4.73% | -12.47% |
AAPL Apple Inc | -4.43% | -3.89% | 39.33% | 44.54% | -21.84% | 44.72% | 67.28% | 93.23% | -0.95% | 30.22% |
Different Trading Currencies
SMLD.DE is traded in EUR, while AAPL is traded in USD. To make them comparable, the AAPL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMLD.DE achieves a 16.58% return, which is significantly higher than AAPL's -5.08% return. Over the past 10 years, SMLD.DE has underperformed AAPL with an annualized return of 18.14%, while AAPL has yielded a comparatively higher 25.94% annualized return.
SMLD.DE
- 1D
- -3.84%
- 1M
- -0.75%
- YTD
- 16.58%
- 6M
- 15.41%
- 1Y
- -1.50%
- 3Y*
- 20.72%
- 5Y*
- 27.81%
- 10Y*
- 18.14%
AAPL
- 1D
- 0.00%
- 1M
- -3.08%
- YTD
- -5.08%
- 6M
- 1.00%
- 1Y
- 6.61%
- 3Y*
- 13.55%
- 5Y*
- 16.63%
- 10Y*
- 25.94%
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Return for Risk
SMLD.DE vs. AAPL — Risk / Return Rank
SMLD.DE
AAPL
SMLD.DE vs. AAPL - 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 Apple Inc (AAPL). 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 | AAPL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 0.20 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.13 | 0.53 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.08 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.31 | -0.43 |
Martin ratioReturn relative to average drawdown | -0.20 | 0.75 | -0.95 |
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 | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.20 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.61 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.89 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.83 | -0.55 |
Correlation
The correlation between SMLD.DE and AAPL is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMLD.DE vs. AAPL - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.82%, more than AAPL's 0.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.82% | 8.45% | 12.45% | 18.33% | 14.40% | 17.94% | 25.01% | 18.21% | 21.61% | 18.39% | 14.39% | 20.63% |
AAPL Apple Inc | 0.41% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
Drawdowns
SMLD.DE vs. AAPL - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than AAPL's maximum drawdown of -56.08%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and AAPL.
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Drawdown Indicators
| SMLD.DE | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -81.80% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -22.99% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -33.36% | +10.37% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -38.52% | -32.27% |
Current DrawdownCurrent decline from peak | -6.66% | -10.59% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -17.93% | -29.71% | +11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.10% | 7.41% | +1.69% |
Volatility
SMLD.DE vs. AAPL - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a higher volatility of 5.76% compared to Apple Inc (AAPL) at 4.43%. This indicates that SMLD.DE's price experiences larger fluctuations and is considered to be riskier than AAPL 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 | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.43% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 23.70% | 15.53% | +8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.37% | 33.40% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 27.21% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.81% | 29.31% | +5.50% |