SMLD.DE vs. EQEU.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and EQEU.DE (Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while EQEU.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, SMLD.DE returned 25.24%/yr vs 14.74%/yr for EQEU.DE. At a 0.20 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.35%/yr for EQEU.DE.
Performance
SMLD.DE vs. EQEU.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 EQEU.DE's 17.47% 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%
EQEU.DE
- 1D
- -0.76%
- 1M
- 8.27%
- YTD
- 17.47%
- 6M
- 17.26%
- 1Y
- 36.44%
- 3Y*
- 25.32%
- 5Y*
- 14.74%
- 10Y*
- —
SMLD.DE vs. EQEU.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% | 3.43% |
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | 17.47% | 18.24% | 24.15% | 51.95% | -36.56% | 27.85% | 45.20% | 34.82% | -4.34% | 5.73% |
Correlation
The correlation between SMLD.DE and EQEU.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017 | 0.20 |
The correlation between SMLD.DE and EQEU.DE shifts across timeframes, from -0.13 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. EQEU.DE — Risk / Return Rank
SMLD.DE
EQEU.DE
SMLD.DE vs. EQEU.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 EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.02 | -2.09 |
| Martin ratioReturn relative to average drawdown | 1.91 | 10.63 | -8.72 |
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 | EQEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.27 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.70 | +0.40 |
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 | 0.86 | -0.58 |
Drawdowns
SMLD.DE vs. EQEU.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than EQEU.DE's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and EQEU.DE.
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Drawdown Indicators
| SMLD.DE | EQEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -37.97% | -35.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -12.02% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -22.08% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -37.97% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | — | — |
Current DrawdownCurrent decline from peak | -3.47% | -0.89% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -8.03% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 3.42% | +3.74% |
Volatility
SMLD.DE vs. EQEU.DE - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a higher volatility of 5.38% compared to Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) at 4.77%. This indicates that SMLD.DE's price experiences larger fluctuations and is considered to be riskier than EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 4.77% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 11.98% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 15.97% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 20.79% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 21.03% | +13.67% |
SMLD.DE vs. EQEU.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than EQEU.DE's 0.35% expense ratio.
Dividends
SMLD.DE vs. EQEU.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, while EQEU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 EQEU.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, EQEU.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQEU.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while EQEU.DE is Nasdaq-100. SMLD.DE tracks Morningstar MLP Composite, while EQEU.DE tracks NASDAQ-100 Notional Net Total Return Index. Their fees differ too: 0.50% for SMLD.DE and 0.35% for EQEU.DE.
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