SMLD.DE vs. SC0D.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while SC0D.DE is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 10.37%/yr for SC0D.DE. At a 0.32 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.05%/yr for SC0D.DE.
Performance
SMLD.DE vs. SC0D.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 higher than SC0D.DE's 7.29% return. Over the past 10 years, SMLD.DE has outperformed SC0D.DE with an annualized return of 15.33%, while SC0D.DE has yielded a comparatively lower 10.37% annualized return.
SMLD.DE
- 1D
- -0.66%
- 1M
- 0.52%
- YTD
- 20.75%
- 6M
- 14.96%
- 1Y
- 13.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
SC0D.DE
- 1D
- 0.74%
- 1M
- 4.75%
- YTD
- 7.29%
- 6M
- 8.67%
- 1Y
- 15.66%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
SMLD.DE vs. SC0D.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% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.05% | 10.07% |
Correlation
The correlation between SMLD.DE and SC0D.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.32 |
The correlation between SMLD.DE and SC0D.DE shifts across timeframes, from -0.05 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. SC0D.DE — Risk / Return Rank
SMLD.DE
SC0D.DE
SMLD.DE vs. SC0D.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 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.43 | -0.50 |
| Martin ratioReturn relative to average drawdown | 1.91 | 4.87 | -2.96 |
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 | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.98 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.64 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.56 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.46 | -0.18 |
Drawdowns
SMLD.DE vs. SC0D.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than SC0D.DE's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and SC0D.DE.
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Drawdown Indicators
| SMLD.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -38.50% | -35.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -10.93% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -16.54% | -6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -23.38% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -38.50% | -32.29% |
Current DrawdownCurrent decline from peak | -3.47% | -0.53% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -7.22% | -10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 3.21% | +3.95% |
Volatility
SMLD.DE vs. SC0D.DE - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a higher volatility of 5.38% compared to Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) at 4.94%. This indicates that SMLD.DE's price experiences larger fluctuations and is considered to be riskier than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 4.94% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 12.94% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 15.95% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 17.53% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 18.27% | +16.43% |
SMLD.DE vs. SC0D.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
SMLD.DE vs. SC0D.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0D.DE Invesco EURO STOXX 50 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 | 7.55% | 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 SC0D.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while SC0D.DE is Europe Equities. SMLD.DE tracks Morningstar MLP Composite, while SC0D.DE tracks EURO STOXX® 50. Their fees differ too: 0.50% for SMLD.DE and 0.05% for SC0D.DE.
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