SMLD.DE vs. MLPP.L
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L).
SMLD.DE and MLPP.L 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. MLPP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. Both SMLD.DE and MLPP.L 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 MLPP.L.
Key characteristics
| SMLD.DE | MLPP.L | |
|---|---|---|
| YTD Return | 14.03% | 11.14% |
| 1Y Return | 14.74% | 13.18% |
| 3Y Return (Ann) | 24.81% | 30.81% |
| 5Y Return (Ann) | 9.71% | 13.57% |
| 10Y Return (Ann) | 0.01% | 6.00% |
| Sharpe Ratio | 0.91 | 0.87 |
| Daily Std Dev | 15.06% | 13.55% |
| Max Drawdown | -82.32% | -71.89% |
| Current Drawdown | -6.33% | -6.42% |
Correlation
The correlation between SMLD.DE and MLPP.L is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SMLD.DE vs. MLPP.L - Performance Comparison
In the year-to-date period, SMLD.DE achieves a 14.03% return, which is significantly higher than MLPP.L's 11.14% return. Over the past 10 years, SMLD.DE has underperformed MLPP.L with an annualized return of 0.01%, while MLPP.L has yielded a comparatively higher 6.00% annualized 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. MLPP.L - Expense Ratio Comparison
Both SMLD.DE and MLPP.L have an expense ratio of 0.50%.
Risk-Adjusted Performance
SMLD.DE vs. MLPP.L - 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 Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L). 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. MLPP.L - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.29%, less than MLPP.L's 8.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.29% | 9.52% | 8.51% | 9.70% | 13.38% | 11.07% | 11.70% | 9.79% | 8.57% | 10.81% | 8.01% | 2.47% |
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 8.67% | 10.96% | 9.61% | 11.58% | 15.08% | 12.89% | 12.65% | 11.00% | 10.02% | 15.00% | 10.28% | 4.23% |
Drawdowns
SMLD.DE vs. MLPP.L - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -82.32%, which is greater than MLPP.L's maximum drawdown of -71.89%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and MLPP.L. For additional features, visit the drawdowns tool.
Volatility
SMLD.DE vs. MLPP.L - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) have volatilities of 3.85% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.