SMLD.DE vs. IQQH.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and IQQH.DE (iShares Global Clean Energy UCITS ETF USD (Dist)) are both Energy Equities funds - SMLD.DE tracks the Morningstar MLP Composite while IQQH.DE tracks the S&P Global Clean Energy. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 11.71%/yr for IQQH.DE. At a 0.33 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.65%/yr for IQQH.DE.
Performance
SMLD.DE vs. IQQH.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 IQQH.DE's 39.28% return. Over the past 10 years, SMLD.DE has outperformed IQQH.DE with an annualized return of 15.33%, while IQQH.DE has yielded a comparatively lower 11.71% annualized 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%
IQQH.DE
- 1D
- -1.81%
- 1M
- 8.24%
- YTD
- 39.28%
- 6M
- 36.90%
- 1Y
- 77.84%
- 3Y*
- 5.37%
- 5Y*
- 2.58%
- 10Y*
- 11.71%
SMLD.DE vs. IQQH.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% |
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 39.28% | 29.83% | -21.49% | -22.15% | 0.84% | -17.65% | 117.65% | 49.62% | -4.26% | 7.71% |
Correlation
The correlation between SMLD.DE and IQQH.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.33 |
The correlation between SMLD.DE and IQQH.DE shifts across timeframes, from -0.02 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. IQQH.DE — Risk / Return Rank
SMLD.DE
IQQH.DE
SMLD.DE vs. IQQH.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 iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.50 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 6.29 | -5.36 |
| Martin ratioReturn relative to average drawdown | 1.91 | 19.88 | -17.98 |
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 | IQQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 3.18 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.10 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.46 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.01 | +0.30 |
Drawdowns
SMLD.DE vs. IQQH.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, smaller than the maximum IQQH.DE drawdown of -86.09%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and IQQH.DE.
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Drawdown Indicators
| SMLD.DE | IQQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -86.09% | +12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -12.32% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -44.74% | +21.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -57.70% | +34.71% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -63.78% | -7.01% |
Current DrawdownCurrent decline from peak | -3.47% | -24.01% | +20.54% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -59.78% | +42.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 3.90% | +3.26% |
Volatility
SMLD.DE vs. IQQH.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.38%, while iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.DE) has a volatility of 9.79%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 9.79% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 18.31% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 24.37% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 24.69% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 25.08% | +9.62% |
SMLD.DE vs. IQQH.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is lower than IQQH.DE's 0.65% expense ratio.
Dividends
SMLD.DE vs. IQQH.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, more than IQQH.DE's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 0.94% | 1.53% | 1.32% | 1.23% | 0.83% | 1.23% | 0.56% | 2.89% | 3.30% | 4.82% | 4.72% | 2.86% |
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 IQQH.DE have a correlation of -0.02, 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 0.65% for IQQH.DE.
SMLD.DE tracks Morningstar MLP Composite, while IQQH.DE tracks S&P Global Clean Energy. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for SMLD.DE and 0.65% for IQQH.DE.
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