SMLD.DE vs. SC0Q.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and SC0Q.DE (Invesco European Telecoms Sector UCITS ETF) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while SC0Q.DE is a Communications Equities fund tracking the STOXX® Europe 600 Optimised Telecommunications. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 3.62%/yr for SC0Q.DE. At a 0.27 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.20%/yr for SC0Q.DE.
Performance
SMLD.DE vs. SC0Q.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 SC0Q.DE's 28.44% return. Over the past 10 years, SMLD.DE has outperformed SC0Q.DE with an annualized return of 15.33%, while SC0Q.DE has yielded a comparatively lower 3.62% 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%
SC0Q.DE
- 1D
- -1.92%
- 1M
- 3.62%
- YTD
- 28.44%
- 6M
- 31.77%
- 1Y
- 29.09%
- 3Y*
- 21.31%
- 5Y*
- 10.30%
- 10Y*
- 3.62%
SMLD.DE vs. SC0Q.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% |
SC0Q.DE Invesco European Telecoms Sector UCITS ETF | 28.44% | 18.07% | 18.98% | 5.91% | -14.81% | 15.27% | -14.17% | 4.16% | -8.37% | -0.09% |
Correlation
The correlation between SMLD.DE and SC0Q.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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.27 |
Over the past year, the correlation between SMLD.DE and SC0Q.DE has dropped to 0.00 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
SMLD.DE vs. SC0Q.DE — Risk / Return Rank
SMLD.DE
SC0Q.DE
SMLD.DE vs. SC0Q.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 European Telecoms Sector UCITS ETF (SC0Q.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 | SC0Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.71 | -2.79 |
| Martin ratioReturn relative to average drawdown | 1.91 | 8.87 | -6.96 |
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 | SC0Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.94 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.72 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.23 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.33 | -0.04 |
Drawdowns
SMLD.DE vs. SC0Q.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than SC0Q.DE's maximum drawdown of -48.95%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and SC0Q.DE.
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Drawdown Indicators
| SMLD.DE | SC0Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -48.95% | -24.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -7.80% | -6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -9.73% | -13.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -21.66% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -38.17% | -32.62% |
Current DrawdownCurrent decline from peak | -3.47% | -2.05% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -19.11% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 3.14% | +4.02% |
Volatility
SMLD.DE vs. SC0Q.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.38%, while Invesco European Telecoms Sector UCITS ETF (SC0Q.DE) has a volatility of 6.36%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than SC0Q.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 | SC0Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 6.36% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 12.07% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 14.95% | +11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 14.07% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 16.00% | +18.70% |
SMLD.DE vs. SC0Q.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than SC0Q.DE's 0.20% expense ratio.
Dividends
SMLD.DE vs. SC0Q.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, while SC0Q.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0Q.DE Invesco European Telecoms Sector 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 SC0Q.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, SC0Q.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0Q.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while SC0Q.DE is Communications Equities. SMLD.DE tracks Morningstar MLP Composite, while SC0Q.DE tracks STOXX® Europe 600 Optimised Telecommunications. Their fees differ too: 0.50% for SMLD.DE and 0.20% for SC0Q.DE.
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