SMLD.DE vs. QDVF.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and QDVF.DE (iShares S&P 500 Energy Sector UCITS ETF (Acc)) are both Energy Equities funds - SMLD.DE tracks the Morningstar MLP Composite while QDVF.DE tracks the S&P 500 Capped 35/20 Energy. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 8.97%/yr for QDVF.DE. A 0.67 correlation means they provide meaningful diversification when combined. SMLD.DE charges 0.50%/yr vs 0.15%/yr for QDVF.DE.
Performance
SMLD.DE vs. QDVF.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 QDVF.DE's 32.71% return. Over the past 10 years, SMLD.DE has outperformed QDVF.DE with an annualized return of 15.33%, while QDVF.DE has yielded a comparatively lower 8.97% annualized return.
SMLD.DE
- 1D
- -0.66%
- 1M
- 3.73%
- YTD
- 20.75%
- 6M
- 13.95%
- 1Y
- 14.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
QDVF.DE
- 1D
- -0.53%
- 1M
- 4.38%
- YTD
- 32.71%
- 6M
- 28.30%
- 1Y
- 45.00%
- 3Y*
- 13.74%
- 5Y*
- 21.44%
- 10Y*
- 8.97%
SMLD.DE vs. QDVF.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% |
QDVF.DE iShares S&P 500 Energy Sector UCITS ETF (Acc) | 32.71% | -2.67% | 9.20% | -3.70% | 72.13% | 67.92% | -40.24% | 13.02% | -14.92% | -13.30% |
Correlation
The correlation between SMLD.DE and QDVF.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.67 |
The correlation between SMLD.DE and QDVF.DE has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
SMLD.DE vs. QDVF.DE — Risk / Return Rank
SMLD.DE
QDVF.DE
SMLD.DE vs. QDVF.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 S&P 500 Energy Sector UCITS ETF (Acc) (QDVF.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 | QDVF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.54 | -1.61 |
| Martin ratioReturn relative to average drawdown | 1.91 | 7.98 | -6.07 |
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 | QDVF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.82 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.79 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.31 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.28 | +0.01 |
Drawdowns
SMLD.DE vs. QDVF.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than QDVF.DE's maximum drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and QDVF.DE.
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Drawdown Indicators
| SMLD.DE | QDVF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -65.81% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -17.23% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -27.13% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -27.13% | +4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -65.81% | -4.98% |
Current DrawdownCurrent decline from peak | -3.47% | -8.92% | +5.45% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -17.41% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 5.49% | +1.67% |
Volatility
SMLD.DE vs. QDVF.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.38%, while iShares S&P 500 Energy Sector UCITS ETF (Acc) (QDVF.DE) has a volatility of 7.70%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than QDVF.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 | QDVF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 7.70% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 20.43% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 24.05% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 26.95% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 28.68% | +6.02% |
SMLD.DE vs. QDVF.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than QDVF.DE's 0.15% expense ratio.
Dividends
SMLD.DE vs. QDVF.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, while QDVF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDVF.DE iShares S&P 500 Energy Sector 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 | 7.55% | 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 QDVF.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVF.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE tracks Morningstar MLP Composite, while QDVF.DE tracks S&P 500 Capped 35/20 Energy. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for SMLD.DE and 0.15% for QDVF.DE.
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