SMLD.DE vs. SCHD
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 12.47%/yr for SCHD. At a 0.32 correlation, their price movements are largely independent. SMLD.DE charges 0.50%/yr vs 0.06%/yr for SCHD.
Performance
SMLD.DE vs. SCHD - Performance Comparison
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Different Trading Currencies
SMLD.DE is traded in EUR, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SMLD.DE having a 20.75% return and SCHD slightly lower at 20.43%. Over the past 10 years, SMLD.DE has outperformed SCHD with an annualized return of 15.33%, while SCHD has yielded a comparatively lower 12.47% 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%
SCHD
- 1D
- 0.00%
- 1M
- 2.89%
- YTD
- 20.43%
- 6M
- 19.23%
- 1Y
- 25.81%
- 3Y*
- 12.28%
- 5Y*
- 9.38%
- 10Y*
- 12.47%
SMLD.DE vs. SCHD - 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% |
SCHD Schwab U.S. Dividend Equity ETF | 21.18% | -8.04% | 19.03% | 1.41% | 2.74% | 39.59% | 5.55% | 30.17% | -1.13% | 6.00% |
Correlation
The correlation between SMLD.DE and SCHD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.32 |
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Return for Risk
SMLD.DE vs. SCHD — Risk / Return Rank
SMLD.DE
SCHD
SMLD.DE vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 6.24 | -5.32 |
| Martin ratioReturn relative to average drawdown | 1.91 | 14.97 | -13.06 |
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 | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.22 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.65 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.72 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.88 | -0.60 |
Drawdowns
SMLD.DE vs. SCHD - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than SCHD's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and SCHD.
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Drawdown Indicators
| SMLD.DE | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -32.28% | -41.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -4.15% | -10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -21.40% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -21.40% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -32.28% | -38.51% |
Current DrawdownCurrent decline from peak | -3.47% | -1.46% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -4.43% | -13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 1.73% | +5.43% |
Volatility
SMLD.DE vs. SCHD - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a higher volatility of 5.38% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.99%. This indicates that SMLD.DE's price experiences larger fluctuations and is considered to be riskier than SCHD 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 | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 2.99% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 8.53% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 11.74% | +14.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 14.60% | +8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 17.44% | +17.26% |
SMLD.DE vs. SCHD - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
SMLD.DE vs. SCHD - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, more than SCHD's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.24% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
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 SCHD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE is categorized as Energy Equities, while SCHD is Dividend. SMLD.DE tracks Morningstar MLP Composite, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.50% for SMLD.DE and 0.06% for SCHD.
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