SMLD.DE vs. AAPL
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) is Energy Equities fund tracking the Morningstar MLP Composite, while AAPL (Apple Inc) is a stock. Over the past 10 years, SMLD.DE returned 6.66%/yr vs 28.97%/yr for AAPL. At a 0.14 correlation, their price movements are largely independent.
Performance
SMLD.DE vs. AAPL - Performance Comparison
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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 18.24% return, which is significantly higher than AAPL's 4.79% return. Over the past 10 years, SMLD.DE has underperformed AAPL with an annualized return of 6.66%, while AAPL has yielded a comparatively higher 28.97% annualized return.
SMLD.DE
- 1D
- 0.47%
- 1M
- -3.56%
- YTD
- 18.24%
- 6M
- 18.50%
- 1Y
- 14.78%
- 3Y*
- 16.01%
- 5Y*
- 17.30%
- 10Y*
- 6.66%
AAPL
- 1D
- -6.18%
- 1M
- -8.68%
- YTD
- 4.79%
- 6M
- 4.33%
- 1Y
- 40.55%
- 3Y*
- 13.05%
- 5Y*
- 17.36%
- 10Y*
- 28.97%
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 | 18.24% | -8.84% | 28.79% | 15.50% | 39.45% | 46.81% | -37.59% | 12.61% | -11.81% | -19.80% |
AAPL Apple Inc | 4.79% | -3.89% | 39.33% | 44.54% | -21.84% | 44.72% | 67.28% | 93.23% | -0.95% | 30.22% |
Correlation
The correlation between SMLD.DE and AAPL is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 16, 2013 | 0.14 |
The correlation between SMLD.DE and AAPL shifts across timeframes, from -0.00 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMLD.DE | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.75 | -1.23 |
| Martin ratioReturn relative to average drawdown | 3.39 | 6.86 | -3.47 |
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Drawdowns
SMLD.DE vs. AAPL - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -83.65%, 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 | -83.65% | -56.08% | -27.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -14.83% | +5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -36.63% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -36.63% | +13.64% |
Max Drawdown (10Y)Largest decline over 10 years | -76.32% | -38.03% | -38.29% |
Current DrawdownCurrent decline from peak | -5.47% | -10.68% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -34.06% | -12.28% | -21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 5.93% | -1.58% |
Volatility
SMLD.DE vs. AAPL - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.41%, while Apple Inc (AAPL) has a volatility of 8.99%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky 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 | 5.41% | 8.99% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 17.84% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 23.51% | -6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.37% | 27.46% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 29.31% | -0.18% |
Dividends
SMLD.DE vs. AAPL - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.86%, more than AAPL's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.38% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.86% | 8.45% | 7.99% | 8.81% | 8.09% | 8.24% | 11.54% | 9.90% | 9.70% | 8.60% | 7.76% | 9.80% |
Frequently Asked Questions
SMLD.DE and AAPL have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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