SMLD.DE vs. JMLP.DE
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) and HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE).
SMLD.DE and JMLP.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLD.DE is a passively managed fund by Invesco that tracks the performance of the Morningstar MLP Composite. It was launched on May 15, 2013. JMLP.DE is a passively managed fund by HANetf that tracks the performance of the Alerian Midstream Energy Dividend. It was launched on Jul 27, 2020. Both SMLD.DE and JMLP.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLD.DE or JMLP.DE.
Key characteristics
| SMLD.DE | JMLP.DE | |
|---|---|---|
| YTD Return | 23.83% | 42.31% |
| 1Y Return | 22.45% | 43.20% |
| 3Y Return (Ann) | 23.50% | 24.55% |
| Sharpe Ratio | 1.01 | 2.70 |
| Sortino Ratio | 1.58 | 3.70 |
| Omega Ratio | 1.25 | 1.49 |
| Calmar Ratio | 1.28 | 5.99 |
| Martin Ratio | 5.59 | 24.67 |
| Ulcer Index | 3.96% | 1.72% |
| Daily Std Dev | 21.77% | 15.63% |
| Max Drawdown | -82.32% | -19.49% |
| Current Drawdown | -2.88% | 0.00% |
Correlation
The correlation between SMLD.DE and JMLP.DE is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMLD.DE vs. JMLP.DE - Performance Comparison
In the year-to-date period, SMLD.DE achieves a 23.83% return, which is significantly lower than JMLP.DE's 42.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMLD.DE vs. JMLP.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than JMLP.DE's 0.40% expense ratio.
Risk-Adjusted Performance
SMLD.DE vs. JMLP.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) and HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.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.
Dividends
SMLD.DE vs. JMLP.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 6.71%, more than JMLP.DE's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 6.71% | 9.52% | 8.51% | 9.70% | 13.38% | 11.07% | 11.70% | 9.79% | 8.57% | 10.81% | 8.01% | 2.47% |
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 3.09% | 7.00% | 8.29% | 7.61% | 4.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMLD.DE vs. JMLP.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -82.32%, which is greater than JMLP.DE's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and JMLP.DE. For additional features, visit the drawdowns tool.
Volatility
SMLD.DE vs. JMLP.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 3.71%, while HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) has a volatility of 5.05%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than JMLP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.