SMLP.DE vs. SPYN.DE
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) and SPDR MSCI Europe Energy UCITS ETF (SPYN.DE).
SMLP.DE and SPYN.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLP.DE is a passively managed fund by Invesco that tracks the performance of the Morningstar MLP Composite. It was launched on May 15, 2013. SPYN.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Energy 20/35 Capped. It was launched on Dec 5, 2014. Both SMLP.DE and SPYN.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMLP.DE vs. SPYN.DE - Performance Comparison
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SMLP.DE vs. SPYN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 16.73% | -9.11% | 28.88% | 15.48% | 39.72% | 46.65% | -37.48% | 12.48% | -11.75% | -19.80% |
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 42.08% | 14.83% | -5.83% | 8.31% | 37.38% | 35.64% | -31.15% | 10.33% | -0.63% | 5.40% |
Returns By Period
In the year-to-date period, SMLP.DE achieves a 16.73% return, which is significantly lower than SPYN.DE's 42.08% return. Over the past 10 years, SMLP.DE has underperformed SPYN.DE with an annualized return of 9.30%, while SPYN.DE has yielded a comparatively higher 12.65% annualized return.
SMLP.DE
- 1D
- -3.96%
- 1M
- -0.74%
- YTD
- 16.73%
- 6M
- 15.28%
- 1Y
- -1.58%
- 3Y*
- 15.78%
- 5Y*
- 20.74%
- 10Y*
- 9.30%
SPYN.DE
- 1D
- 2.95%
- 1M
- 17.22%
- YTD
- 42.08%
- 6M
- 48.96%
- 1Y
- 45.30%
- 3Y*
- 17.57%
- 5Y*
- 22.30%
- 10Y*
- 12.65%
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SMLP.DE vs. SPYN.DE - Expense Ratio Comparison
SMLP.DE has a 0.50% expense ratio, which is higher than SPYN.DE's 0.18% expense ratio.
Return for Risk
SMLP.DE vs. SPYN.DE — Risk / Return Rank
SMLP.DE
SPYN.DE
SMLP.DE vs. SPYN.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 SPDR MSCI Europe Energy UCITS ETF (SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.08 | 1.97 | -2.04 |
Sortino ratioReturn per unit of downside risk | 0.03 | 2.37 | -2.34 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.36 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.12 | 5.28 | -5.40 |
Martin ratioReturn relative to average drawdown | -0.23 | 20.13 | -20.36 |
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 | SPYN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 1.97 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.94 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.48 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.32 | -0.24 |
Correlation
The correlation between SMLP.DE and SPYN.DE is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMLP.DE vs. SPYN.DE - Dividend Comparison
Neither SMLP.DE nor SPYN.DE has paid dividends to shareholders.
Drawdowns
SMLP.DE vs. SPYN.DE - Drawdown Comparison
The maximum SMLP.DE drawdown since its inception was -79.34%, which is greater than SPYN.DE's maximum drawdown of -58.67%. Use the drawdown chart below to compare losses from any high point for SMLP.DE and SPYN.DE.
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Drawdown Indicators
| SMLP.DE | SPYN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.34% | -58.67% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.96% | -16.30% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -26.54% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | -58.67% | -17.58% |
Current DrawdownCurrent decline from peak | -6.25% | -1.63% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -25.92% | -11.47% | -14.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 2.68% | +5.50% |
Volatility
SMLP.DE vs. SPYN.DE - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) is 5.84%, while SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) has a volatility of 9.41%. This indicates that SMLP.DE experiences smaller price fluctuations and is considered to be less risky than SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 9.41% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 15.52% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.44% | 22.94% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 23.39% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.73% | 25.95% | +2.78% |