SMLD.DE vs. D500.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and D500.DE (Invesco S&P 500 UCITS ETF Dist) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while D500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 15.85%/yr for D500.DE. At a 0.41 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.05%/yr for D500.DE.
Performance
SMLD.DE vs. D500.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 higher than D500.DE's 11.58% return. Both investments have delivered pretty close results over the past 10 years, with SMLD.DE having a 15.33% annualized return and D500.DE not far ahead at 15.85%.
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%
D500.DE
- 1D
- -0.31%
- 1M
- 5.37%
- YTD
- 11.58%
- 6M
- 11.67%
- 1Y
- 25.88%
- 3Y*
- 19.34%
- 5Y*
- 15.48%
- 10Y*
- 15.85%
SMLD.DE vs. D500.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% |
D500.DE Invesco S&P 500 UCITS ETF Dist | 11.58% | 4.86% | 32.62% | 22.70% | -13.34% | 43.50% | 9.36% | 35.52% | -0.84% | 6.73% |
Correlation
The correlation between SMLD.DE and D500.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015 | 0.41 |
Over the past year, the correlation between SMLD.DE and D500.DE has dropped to 0.13 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SMLD.DE vs. D500.DE — Risk / Return Rank
SMLD.DE
D500.DE
SMLD.DE vs. D500.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 S&P 500 UCITS ETF Dist (D500.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 | D500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.42 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.60 | -2.68 |
| Martin ratioReturn relative to average drawdown | 1.91 | 12.88 | -10.97 |
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 | D500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.24 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.01 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.98 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.88 | -0.59 |
Drawdowns
SMLD.DE vs. D500.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than D500.DE's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and D500.DE.
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Drawdown Indicators
| SMLD.DE | D500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -33.57% | -40.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -7.14% | -7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -23.29% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -23.29% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -33.57% | -37.22% |
Current DrawdownCurrent decline from peak | -3.47% | -0.31% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -4.25% | -13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 2.00% | +5.16% |
Volatility
SMLD.DE vs. D500.DE - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a higher volatility of 5.38% compared to Invesco S&P 500 UCITS ETF Dist (D500.DE) at 2.66%. This indicates that SMLD.DE's price experiences larger fluctuations and is considered to be riskier than D500.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 | D500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 2.66% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 7.54% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 11.59% | +15.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 15.17% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 16.08% | +18.62% |
SMLD.DE vs. D500.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than D500.DE's 0.05% expense ratio.
Dividends
SMLD.DE vs. D500.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, more than D500.DE's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D500.DE Invesco S&P 500 UCITS ETF Dist | 1.08% | 1.18% | 1.27% | 1.54% | 2.63% | 2.72% | 3.53% | 2.34% | 2.08% | 1.67% | 1.70% | 0.29% |
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 D500.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D500.DE is cheaper with a 0.05% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while D500.DE is S&P 500. SMLD.DE tracks Morningstar MLP Composite, while D500.DE tracks S&P 500 Index. Their fees differ too: 0.50% for SMLD.DE and 0.05% for D500.DE.
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