SMLD.DE vs. SC0U.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and SC0U.DE (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while SC0U.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Banks. Both are passively managed. Over the past 10 years, SMLD.DE returned 6.66%/yr vs 17.20%/yr for SC0U.DE. At a 0.33 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.20%/yr for SC0U.DE.
Performance
SMLD.DE vs. SC0U.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 SC0U.DE's 14.25% return. Over the past 10 years, SMLD.DE has underperformed SC0U.DE with an annualized return of 6.66%, while SC0U.DE has yielded a comparatively higher 17.20% 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%
SC0U.DE
- 1D
- 0.77%
- 1M
- 7.45%
- YTD
- 14.25%
- 6M
- 15.24%
- 1Y
- 52.26%
- 3Y*
- 46.48%
- 5Y*
- 29.78%
- 10Y*
- 17.20%
SMLD.DE vs. SC0U.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% |
SC0U.DE Invesco European Banks Sector UCITS ETF | 14.25% | 79.97% | 32.49% | 25.93% | -0.07% | 37.72% | -22.62% | 15.49% | -26.78% | 10.92% |
Correlation
The correlation between SMLD.DE and SC0U.DE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 16, 2013 | 0.33 |
The correlation between SMLD.DE and SC0U.DE shifts across timeframes, from -0.11 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. SC0U.DE — Risk / Return Rank
SMLD.DE
SC0U.DE
SMLD.DE vs. SC0U.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 Banks Sector UCITS ETF (SC0U.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 | SC0U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.12 | -1.59 |
| Martin ratioReturn relative to average drawdown | 3.39 | 10.25 | -6.86 |
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Drawdowns
SMLD.DE vs. SC0U.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -83.65%, which is greater than SC0U.DE's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and SC0U.DE.
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Drawdown Indicators
| SMLD.DE | SC0U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.65% | -60.69% | -22.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -16.70% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -19.82% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -29.85% | +6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -76.32% | -56.61% | -19.71% |
Current DrawdownCurrent decline from peak | -5.47% | -1.41% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -34.06% | -20.06% | -14.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 5.08% | -0.73% |
Volatility
SMLD.DE vs. SC0U.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 5.41%, while Invesco European Banks Sector UCITS ETF (SC0U.DE) has a volatility of 6.28%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than SC0U.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 | SC0U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 6.28% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 19.03% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 22.85% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.37% | 23.72% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 24.99% | +4.14% |
SMLD.DE vs. SC0U.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than SC0U.DE's 0.20% expense ratio.
Dividends
SMLD.DE vs. SC0U.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.86%, while SC0U.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0U.DE Invesco European Banks 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 | 7.86% | 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 SC0U.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0U.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0U.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while SC0U.DE is Financials Equities. SMLD.DE tracks Morningstar MLP Composite, while SC0U.DE tracks STOXX® Europe 600 Optimised Banks. Their fees differ too: 0.50% for SMLD.DE and 0.20% for SC0U.DE.
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