SMLD.DE vs. WDNR.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and WDNR.DE (Amundi Global BioEnergy ESG Screened UCITS ETF EUR Acc) are both Energy Equities funds - SMLD.DE tracks the Morningstar MLP Composite while WDNR.DE tracks the Bloomberg BioEnergy ESG. Both are passively managed. Over the past 10 years, SMLD.DE returned 15.33%/yr vs 6.68%/yr for WDNR.DE. A 0.56 correlation means they provide meaningful diversification when combined. SMLD.DE charges 0.50%/yr vs 0.35%/yr for WDNR.DE.
Performance
SMLD.DE vs. WDNR.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 WDNR.DE's 32.56% return. Over the past 10 years, SMLD.DE has outperformed WDNR.DE with an annualized return of 15.33%, while WDNR.DE has yielded a comparatively lower 6.68% annualized return.
SMLD.DE
- 1D
- -0.66%
- 1M
- 3.73%
- YTD
- 20.75%
- 6M
- 13.95%
- 1Y
- 14.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
WDNR.DE
- 1D
- -1.19%
- 1M
- 2.71%
- YTD
- 32.56%
- 6M
- 30.08%
- 1Y
- 52.59%
- 3Y*
- 8.76%
- 5Y*
- 15.63%
- 10Y*
- 6.68%
SMLD.DE vs. WDNR.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% |
WDNR.DE Amundi Global BioEnergy ESG Screened UCITS ETF EUR Acc | 32.56% | 10.93% | -16.29% | -1.60% | 53.34% | 50.49% | -37.73% | 13.17% | -12.36% | -8.17% |
Correlation
The correlation between SMLD.DE and WDNR.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 17, 2013 | 0.56 |
The correlation between SMLD.DE and WDNR.DE shifts across timeframes, from 0.43 (3 years) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. WDNR.DE — Risk / Return Rank
SMLD.DE
WDNR.DE
SMLD.DE vs. WDNR.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 Amundi Global BioEnergy ESG Screened UCITS ETF EUR Acc (WDNR.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 | WDNR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.52 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 5.91 | -4.98 |
| Martin ratioReturn relative to average drawdown | 1.91 | 24.02 | -22.11 |
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 | WDNR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 3.01 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.71 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.28 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.25 | +0.04 |
Drawdowns
SMLD.DE vs. WDNR.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -73.78%, which is greater than WDNR.DE's maximum drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and WDNR.DE.
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Drawdown Indicators
| SMLD.DE | WDNR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -62.27% | -11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -8.85% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -34.75% | +11.76% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -40.22% | +17.23% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -61.84% | -8.95% |
Current DrawdownCurrent decline from peak | -3.47% | -1.19% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -16.70% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 2.18% | +4.98% |
Volatility
SMLD.DE vs. WDNR.DE - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a higher volatility of 5.38% compared to Amundi Global BioEnergy ESG Screened UCITS ETF EUR Acc (WDNR.DE) at 4.95%. This indicates that SMLD.DE's price experiences larger fluctuations and is considered to be riskier than WDNR.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 | WDNR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 4.95% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 13.82% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 17.36% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 22.68% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 27.02% | +7.68% |
SMLD.DE vs. WDNR.DE - Expense Ratio Comparison
SMLD.DE has a 0.50% expense ratio, which is higher than WDNR.DE's 0.35% expense ratio.
Dividends
SMLD.DE vs. WDNR.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.55%, while WDNR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WDNR.DE Amundi Global BioEnergy ESG Screened UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMLD.DE and WDNR.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDNR.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDNR.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for SMLD.DE.
SMLD.DE tracks Morningstar MLP Composite, while WDNR.DE tracks Bloomberg BioEnergy ESG. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.50% for SMLD.DE and 0.35% for WDNR.DE.
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