SMT.L vs. IDIN.L
SMT.L (Scottish Mortgage Investment Trust plc) and IDIN.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - SMT.L is a Global Equities fund actively managed by Baillie Gifford Funds, while IDIN.L is a Mid Cap Value Equities fund tracking the FTSE Global Core Infrastructure Index (USD). SMT.L is actively managed, while IDIN.L is passively managed. Over the past 10 years, SMT.L returned 17.21%/yr vs 6.98%/yr for IDIN.L. At a 0.39 correlation, their price movements are largely independent. SMT.L charges 0.31%/yr vs 0.65%/yr for IDIN.L.
Performance
SMT.L vs. IDIN.L - Performance Comparison
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Different Trading Currencies
SMT.L is traded in GBp, while IDIN.L is traded in USD. To make them comparable, the IDIN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMT.L achieves a 14.83% return, which is significantly higher than IDIN.L's 14.05% return. Over the past 10 years, SMT.L has outperformed IDIN.L with an annualized return of 17.21%, while IDIN.L has yielded a comparatively lower 6.98% annualized return.
SMT.L
- 1D
- -3.58%
- 1M
- -9.10%
- 6M
- 12.09%
- YTD
- 14.83%
- 1Y
- 27.77%
- 3Y*
- 26.51%
- 5Y*
- 1.28%
- 10Y*
- 17.21%
IDIN.L
- 1D
- 0.89%
- 1M
- 2.30%
- 6M
- 11.95%
- YTD
- 14.05%
- 1Y
- 18.67%
- 3Y*
- 11.36%
- 5Y*
- 7.32%
- 10Y*
- 6.98%
SMT.L vs. IDIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 14.83% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.00% | 40.09% |
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 14.05% | 4.93% | 10.69% | -5.02% | 5.26% | 18.27% | -4.84% | 19.26% | 3.77% | 4.93% |
Correlation
The correlation between SMT.L and IDIN.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2007 | 0.39 |
The correlation between SMT.L and IDIN.L shifts across timeframes, from -0.03 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMT.L vs. IDIN.L — Risk / Return Rank
SMT.L
IDIN.L
SMT.L vs. IDIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.L). 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.
| SMT.L | IDIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.73 | -1.48 |
| Martin ratioReturn relative to average drawdown | 6.45 | 8.41 | -1.96 |
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Drawdowns
SMT.L vs. IDIN.L - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -60.25%, which is greater than IDIN.L's maximum drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for SMT.L and IDIN.L.
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Drawdown Indicators
| SMT.L | IDIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.25% | -36.86% | -23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -4.98% | -7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.05% | -11.31% | -16.74% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -23.50% | -36.61% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | -27.06% | -33.05% |
Current DrawdownCurrent decline from peak | -11.85% | -0.04% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -7.25% | -7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.21% | +2.08% |
Volatility
SMT.L vs. IDIN.L - Volatility Comparison
Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 8.19% compared to iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.L) at 3.41%. This indicates that SMT.L's price experiences larger fluctuations and is considered to be riskier than IDIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMT.L | IDIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 3.41% | +4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 18.04% | 9.64% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 11.69% | +10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 13.10% | +16.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.82% | 14.46% | +14.36% |
SMT.L vs. IDIN.L - Expense Ratio Comparison
SMT.L has a 0.31% expense ratio, which is lower than IDIN.L's 0.65% expense ratio.
Dividends
SMT.L vs. IDIN.L - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.34%, less than IDIN.L's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.01% | 2.20% | 2.36% | 2.37% | 2.11% | 1.93% | 2.08% | 2.05% | 2.34% | 2.60% | 2.80% | 3.20% |
SMT.L Scottish Mortgage Investment Trust plc | 0.34% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMT.L and IDIN.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMT.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMT.L is cheaper with a 0.31% expense ratio, compared with 0.65% for IDIN.L.
SMT.L is categorized as Global Equities, while IDIN.L is Mid Cap Value Equities. They also come from different issuers: Baillie Gifford Funds and iShares. Their fees differ too: 0.31% for SMT.L and 0.65% for IDIN.L.
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