SMLD.DE vs. N1ES.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, SMLD.DE returned 17.07%/yr vs 24.44%/yr for N1ES.DE. At a 0.22 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.25%/yr for N1ES.DE.
Performance
SMLD.DE vs. N1ES.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMLD.DE achieves a 23.53% return, which is significantly higher than N1ES.DE's 20.65% return.
SMLD.DE
- 1D
- -0.22%
- 1M
- 5.15%
- 6M
- 16.19%
- YTD
- 23.53%
- 1Y
- 19.37%
- 3Y*
- 17.07%
- 5Y*
- 19.28%
- 10Y*
- 6.39%
N1ES.DE
- 1D
- 0.00%
- 1M
- -0.96%
- 6M
- 20.55%
- YTD
- 20.65%
- 1Y
- 32.92%
- 3Y*
- 24.44%
- 5Y*
- —
- 10Y*
- —
SMLD.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 23.53% | -8.84% | 28.79% | 15.50% | 39.45% | -8.29% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 20.65% | 8.26% | 33.55% | 51.62% | -29.13% | 10.00% |
Correlation
The correlation between SMLD.DE and N1ES.DE is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021 | 0.22 |
Over the past year, the correlation between SMLD.DE and N1ES.DE has dropped to -0.00 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMLD.DE vs. N1ES.DE — Risk / Return Rank
SMLD.DE
N1ES.DE
SMLD.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMLD.DE | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.05 | -1.05 |
| Martin ratioReturn relative to average drawdown | 4.37 | 8.55 | -4.18 |
Loading charts...
Drawdowns
SMLD.DE vs. N1ES.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -83.65%, which is greater than N1ES.DE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and N1ES.DE.
Loading charts...
Drawdown Indicators
| SMLD.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.65% | -29.96% | -53.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -10.86% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -26.65% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.32% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -1.78% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -33.93% | -8.36% | -25.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 3.86% | +0.56% |
Volatility
SMLD.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 3.72%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 6.12%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMLD.DE | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 6.12% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 13.31% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 18.21% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 20.81% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 20.81% | +8.26% |
SMLD.DE vs. N1ES.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than N1ES.DE's 0.25% expense ratio.
Dividends
SMLD.DE vs. N1ES.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.52%, while N1ES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 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 | 7.52% | 8.45% | 7.99% | 8.81% | 8.09% | 8.24% | 11.54% | 9.90% | 9.70% | 8.60% | 7.76% | 9.80% |
Frequently Asked Questions
SMLD.DE and N1ES.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while N1ES.DE is Nasdaq-100. SMLD.DE tracks Morningstar MLP Composite, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.50% for SMLD.DE and 0.25% for N1ES.DE.
Find the right allocation for SMLD.DE and N1ES.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer