SMLD.DE vs. G1CD.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) are both Energy Equities funds from Invesco - SMLD.DE tracks the Morningstar MLP Composite while G1CD.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past 3 years, SMLD.DE returned 20.56%/yr vs 5.13%/yr for G1CD.DE. At a 0.25 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.60%/yr for G1CD.DE.
Performance
SMLD.DE vs. G1CD.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 G1CD.DE's 35.16% 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%
G1CD.DE
- 1D
- -0.69%
- 1M
- 3.11%
- YTD
- 35.16%
- 6M
- 37.55%
- 1Y
- 83.64%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
SMLD.DE vs. G1CD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 20.75% | -8.86% | 35.22% | 27.59% | 30.68% |
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 35.16% | 28.09% | -22.10% | -13.60% | -7.76% |
Correlation
The correlation between SMLD.DE and G1CD.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.25 |
The correlation between SMLD.DE and G1CD.DE shifts across timeframes, from -0.01 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. G1CD.DE — Risk / Return Rank
SMLD.DE
G1CD.DE
SMLD.DE vs. G1CD.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 Global Clean Energy UCITS ETF Dist (G1CD.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 | G1CD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.62 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 7.85 | -6.92 |
| Martin ratioReturn relative to average drawdown | 1.91 | 27.83 | -25.92 |
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 | G1CD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 3.90 | -3.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | — | — |
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 | 0.07 | +0.22 |
Drawdowns
SMLD.DE vs. G1CD.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than G1CD.DE's maximum drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and G1CD.DE.
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Drawdown Indicators
| SMLD.DE | G1CD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -64.00% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -10.60% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -52.73% | +29.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | — | — |
Current DrawdownCurrent decline from peak | -3.47% | -16.50% | +13.03% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -35.01% | +17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 3.00% | +4.16% |
Volatility
SMLD.DE vs. G1CD.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.38%, while Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) has a volatility of 8.16%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than G1CD.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 | G1CD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 8.16% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 14.33% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 21.33% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 25.12% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 25.12% | +9.58% |
SMLD.DE vs. G1CD.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is lower than G1CD.DE's 0.60% expense ratio.
Dividends
SMLD.DE vs. G1CD.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, more than G1CD.DE's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 1.52% | 2.08% | 1.37% | 0.70% | 0.09% | 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 G1CD.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLD.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLD.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for G1CD.DE.
SMLD.DE tracks Morningstar MLP Composite, while G1CD.DE tracks WilderHill New Energy Global Innovation. Their fees differ too: 0.50% for SMLD.DE and 0.60% for G1CD.DE.
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