SMLD.DE vs. S7XE.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks. Both are passively managed. Over the past 10 years, SMLD.DE returned 6.66%/yr vs 18.15%/yr for S7XE.DE. At a 0.30 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.30%/yr for S7XE.DE.
Performance
SMLD.DE vs. S7XE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLD.DE achieves a 18.24% return, which is significantly higher than S7XE.DE's 13.54% return. Over the past 10 years, SMLD.DE has underperformed S7XE.DE with an annualized return of 6.66%, while S7XE.DE has yielded a comparatively higher 18.15% annualized return.
SMLD.DE
- 1D
- 0.47%
- 1M
- -3.56%
- YTD
- 18.24%
- 6M
- 18.50%
- 1Y
- 14.78%
- 3Y*
- 16.01%
- 5Y*
- 17.30%
- 10Y*
- 6.66%
S7XE.DE
- 1D
- 0.56%
- 1M
- 7.99%
- YTD
- 13.54%
- 6M
- 14.68%
- 1Y
- 51.06%
- 3Y*
- 47.69%
- 5Y*
- 30.88%
- 10Y*
- 18.15%
SMLD.DE vs. S7XE.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 | 18.24% | -8.84% | 28.79% | 15.50% | 39.45% | 46.81% | -37.59% | 12.61% | -11.81% | -19.80% |
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 13.54% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
Correlation
The correlation between SMLD.DE and S7XE.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 16, 2013 | 0.30 |
The correlation between SMLD.DE and S7XE.DE shifts across timeframes, from -0.14 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. S7XE.DE — Risk / Return Rank
SMLD.DE
S7XE.DE
SMLD.DE vs. S7XE.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 EURO STOXX Optimised Banks UCITS ETF (S7XE.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 | S7XE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.92 | -1.40 |
| Martin ratioReturn relative to average drawdown | 3.39 | 9.23 | -5.84 |
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Drawdowns
SMLD.DE vs. S7XE.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -83.65%, which is greater than S7XE.DE's maximum drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and S7XE.DE.
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Drawdown Indicators
| SMLD.DE | S7XE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.65% | -65.32% | -18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -17.42% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -19.82% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -35.41% | +12.42% |
Max Drawdown (10Y)Largest decline over 10 years | -76.32% | -63.09% | -13.23% |
Current DrawdownCurrent decline from peak | -5.47% | -1.70% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -34.06% | -22.92% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 5.52% | -1.17% |
Volatility
SMLD.DE vs. S7XE.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.41%, while Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a volatility of 6.41%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than S7XE.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 | S7XE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 6.41% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 19.74% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 24.00% | -7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.37% | 25.65% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 27.90% | +1.23% |
SMLD.DE vs. S7XE.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than S7XE.DE's 0.30% expense ratio.
Dividends
SMLD.DE vs. S7XE.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.86%, while S7XE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 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 | 7.86% | 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 S7XE.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S7XE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while S7XE.DE is Financials Equities. SMLD.DE tracks Morningstar MLP Composite, while S7XE.DE tracks EURO STOXX® Optimised Banks. Their fees differ too: 0.50% for SMLD.DE and 0.30% for S7XE.DE.
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