SMLD.DE vs. WNDY.DE
SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) and WNDY.DE (Global X Wind Energy UCITS ETF USD Accumulating) are both Energy Equities funds - SMLD.DE tracks the Morningstar MLP Composite while WNDY.DE tracks the Solactive Wind Energy. Both are passively managed. Over the past 3 years, SMLD.DE returned 17.07%/yr vs -1.81%/yr for WNDY.DE. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
SMLD.DE vs. WNDY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLD.DE achieves a 23.53% return, which is significantly higher than WNDY.DE's 5.20% return.
SMLD.DE
- 1D
- -0.22%
- 1M
- 5.15%
- 6M
- 16.19%
- YTD
- 23.53%
- 1Y
- 19.37%
- 3Y*
- 17.07%
- 5Y*
- 19.28%
- 10Y*
- 6.39%
WNDY.DE
- 1D
- 0.00%
- 1M
- -6.32%
- 6M
- -3.08%
- YTD
- 5.20%
- 1Y
- 19.75%
- 3Y*
- -1.81%
- 5Y*
- —
- 10Y*
- —
SMLD.DE vs. WNDY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 23.53% | -8.84% | 28.79% | 15.50% | 21.42% |
WNDY.DE Global X Wind Energy UCITS ETF USD Accumulating | 5.20% | 17.05% | -14.98% | -22.01% | -7.98% |
Correlation
The correlation between SMLD.DE and WNDY.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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022 | 0.14 |
The correlation between SMLD.DE and WNDY.DE shifts across timeframes, from -0.05 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLD.DE vs. WNDY.DE — Risk / Return Rank
SMLD.DE
WNDY.DE
SMLD.DE vs. WNDY.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 Global X Wind Energy UCITS ETF USD Accumulating (WNDY.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 | WNDY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.04 | +0.95 |
| Martin ratioReturn relative to average drawdown | 4.37 | 3.53 | +0.84 |
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Drawdowns
SMLD.DE vs. WNDY.DE - Drawdown Comparison
The maximum SMLD.DE drawdown since its inception was -83.65%, which is greater than WNDY.DE's maximum drawdown of -52.12%. Use the drawdown chart below to compare losses from any high point for SMLD.DE and WNDY.DE.
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Drawdown Indicators
| SMLD.DE | WNDY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.65% | -52.12% | -31.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -19.06% | +9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -34.61% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.32% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -31.47% | +30.23% |
Average DrawdownAverage peak-to-trough decline | -33.93% | -29.94% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 5.61% | -1.19% |
Volatility
SMLD.DE vs. WNDY.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) is 3.72%, while Global X Wind Energy UCITS ETF USD Accumulating (WNDY.DE) has a volatility of 8.10%. This indicates that SMLD.DE experiences smaller price fluctuations and is considered to be less risky than WNDY.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 | WNDY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 8.10% | -4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 15.96% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 21.61% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 21.20% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 21.20% | +7.87% |
SMLD.DE vs. WNDY.DE - Expense Ratio Comparison
Both SMLD.DE and WNDY.DE have an expense ratio of 0.50%.
Dividends
SMLD.DE vs. WNDY.DE - Dividend Comparison
SMLD.DE's dividend yield for the trailing twelve months is around 7.52%, while WNDY.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 | 7.52% | 8.45% | 7.99% | 8.81% | 8.09% | 8.24% | 11.54% | 9.90% | 9.70% | 8.60% | 7.76% | 9.80% |
WNDY.DE Global X Wind Energy UCITS ETF USD Accumulating | 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 WNDY.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.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMLD.DE and WNDY.DE have the same expense ratio: 0.50% per year.
SMLD.DE tracks Morningstar MLP Composite, while WNDY.DE tracks Solactive Wind Energy. They also come from different issuers: Invesco and Global X.
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