SMLP.DE vs. G1CD.DE
SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) and G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) are both Energy Equities funds from Invesco - SMLP.DE tracks the Morningstar MLP Composite while G1CD.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past 3 years, SMLP.DE returned 15.69%/yr vs 5.13%/yr for G1CD.DE. At a 0.25 correlation, their price movements are largely independent. SMLP.DE charges 0.50%/yr vs 0.60%/yr for G1CD.DE.
Performance
SMLP.DE vs. G1CD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLP.DE achieves a 21.07% return, which is significantly lower than G1CD.DE's 35.16% return.
SMLP.DE
- 1D
- -0.67%
- 1M
- 0.55%
- YTD
- 21.07%
- 6M
- 14.97%
- 1Y
- 13.65%
- 3Y*
- 15.69%
- 5Y*
- 18.35%
- 10Y*
- 6.71%
G1CD.DE
- 1D
- -0.69%
- 1M
- 3.11%
- YTD
- 35.16%
- 6M
- 37.55%
- 1Y
- 83.64%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
SMLP.DE vs. G1CD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 21.07% | -9.11% | 28.88% | 15.48% | 22.29% |
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 35.16% | 28.09% | -22.10% | -13.60% | -7.76% |
Correlation
The correlation between SMLP.DE and G1CD.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.25 |
The correlation between SMLP.DE and G1CD.DE shifts across timeframes, from -0.02 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLP.DE vs. G1CD.DE — Risk / Return Rank
SMLP.DE
G1CD.DE
SMLP.DE vs. G1CD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) and Invesco Global Clean Energy UCITS ETF Dist (G1CD.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.
| SMLP.DE | G1CD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.62 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 7.85 | -6.44 |
| Martin ratioReturn relative to average drawdown | 3.20 | 27.83 | -24.62 |
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
| SMLP.DE | G1CD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 3.90 | -3.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.07 | +0.03 |
Drawdowns
SMLP.DE vs. G1CD.DE - Drawdown Comparison
The maximum SMLP.DE drawdown since its inception was -79.34%, which is greater than G1CD.DE's maximum drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for SMLP.DE and G1CD.DE.
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Drawdown Indicators
| SMLP.DE | G1CD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.34% | -64.00% | -15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -10.60% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -52.73% | +30.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | — | — |
Current DrawdownCurrent decline from peak | -3.45% | -16.50% | +13.05% |
Average DrawdownAverage peak-to-trough decline | -25.61% | -35.01% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 3.00% | +1.25% |
Volatility
SMLP.DE vs. G1CD.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) is 5.21%, while Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) has a volatility of 8.16%. This indicates that SMLP.DE experiences smaller price fluctuations and is considered to be less risky than G1CD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLP.DE | G1CD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 8.16% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 14.33% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 21.33% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 25.12% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.59% | 25.12% | +3.47% |
SMLP.DE vs. G1CD.DE - Expense Ratio Comparison
SMLP.DE has a 0.50% expense ratio, which is lower than G1CD.DE's 0.60% expense ratio.
Dividends
SMLP.DE vs. G1CD.DE - Dividend Comparison
SMLP.DE has not paid dividends to shareholders, while G1CD.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 1.52% | 2.08% | 1.37% | 0.70% | 0.09% |
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMLP.DE and G1CD.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLP.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLP.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for G1CD.DE.
SMLP.DE tracks Morningstar MLP Composite, while G1CD.DE tracks WilderHill New Energy Global Innovation. Their fees differ too: 0.50% for SMLP.DE and 0.60% for G1CD.DE.
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