SMLP.DE vs. S0LR.DE
SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) and S0LR.DE (Invesco Solar Energy UCITS ETF Acc) are both Energy Equities funds from Invesco - SMLP.DE tracks the Morningstar MLP Composite while S0LR.DE tracks the MAC Global Solar Energy. Both are passively managed. Over the past 3 years, SMLP.DE returned 15.69%/yr vs -3.99%/yr for S0LR.DE. At a 0.20 correlation, their price movements are largely independent. SMLP.DE charges 0.50%/yr vs 0.69%/yr for S0LR.DE.
Performance
SMLP.DE vs. S0LR.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 S0LR.DE's 39.14% return.
SMLP.DE
- 1D
- -0.67%
- 1M
- 3.80%
- YTD
- 21.07%
- 6M
- 13.97%
- 1Y
- 14.90%
- 3Y*
- 15.69%
- 5Y*
- 18.35%
- 10Y*
- 6.71%
S0LR.DE
- 1D
- -2.10%
- 1M
- 16.00%
- YTD
- 39.14%
- 6M
- 43.68%
- 1Y
- 104.04%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
SMLP.DE vs. S0LR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 21.07% | -9.11% | 28.88% | 15.48% | 39.72% | 6.40% |
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
Correlation
The correlation between SMLP.DE and S0LR.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.20 |
The correlation between SMLP.DE and S0LR.DE shifts across timeframes, from -0.07 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLP.DE vs. S0LR.DE — Risk / Return Rank
SMLP.DE
S0LR.DE
SMLP.DE vs. S0LR.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 Solar Energy UCITS ETF Acc (S0LR.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 | S0LR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.44 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 8.71 | -7.30 |
| Martin ratioReturn relative to average drawdown | 3.20 | 21.79 | -18.59 |
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 | S0LR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 3.02 | -2.18 |
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 | -0.12 | +0.21 |
Drawdowns
SMLP.DE vs. S0LR.DE - Drawdown Comparison
The maximum SMLP.DE drawdown since its inception was -79.34%, which is greater than S0LR.DE's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for SMLP.DE and S0LR.DE.
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Drawdown Indicators
| SMLP.DE | S0LR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.34% | -73.43% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -11.75% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -64.81% | +42.23% |
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% | -32.82% | +29.37% |
Average DrawdownAverage peak-to-trough decline | -25.61% | -39.70% | +14.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 4.71% | -0.46% |
Volatility
SMLP.DE vs. S0LR.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) is 5.21%, while Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a volatility of 12.56%. This indicates that SMLP.DE experiences smaller price fluctuations and is considered to be less risky than S0LR.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 | S0LR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 12.56% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 23.50% | -10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 33.92% | -17.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 36.23% | -15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.59% | 36.23% | -7.64% |
SMLP.DE vs. S0LR.DE - Expense Ratio Comparison
SMLP.DE has a 0.50% expense ratio, which is lower than S0LR.DE's 0.69% expense ratio.
Dividends
SMLP.DE vs. S0LR.DE - Dividend Comparison
Neither SMLP.DE nor S0LR.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLP.DE and S0LR.DE have a correlation of -0.07, 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 0.69% for S0LR.DE.
SMLP.DE tracks Morningstar MLP Composite, while S0LR.DE tracks MAC Global Solar Energy. Their fees differ too: 0.50% for SMLP.DE and 0.69% for S0LR.DE.
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