SMT.L vs. SBUY.L
SMT.L (Scottish Mortgage Investment Trust plc) and SBUY.L (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds. SMT.L is actively managed, while SBUY.L is passively managed. Over the past 10 years, SMT.L returned 19.70%/yr vs 13.06%/yr for SBUY.L. A 0.60 correlation means they provide meaningful diversification when combined. SMT.L charges 0.31%/yr vs 0.39%/yr for SBUY.L.
Performance
SMT.L vs. SBUY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMT.L achieves a 27.32% return, which is significantly higher than SBUY.L's 6.48% return. Over the past 10 years, SMT.L has outperformed SBUY.L with an annualized return of 19.70%, while SBUY.L has yielded a comparatively lower 13.06% annualized return.
SMT.L
- 1D
- -1.53%
- 1M
- 5.30%
- YTD
- 27.32%
- 6M
- 42.05%
- 1Y
- 51.19%
- 3Y*
- 30.43%
- 5Y*
- 4.67%
- 10Y*
- 19.70%
SBUY.L
- 1D
- 0.89%
- 1M
- 1.68%
- YTD
- 6.48%
- 6M
- 8.35%
- 1Y
- 25.27%
- 3Y*
- 18.63%
- 5Y*
- 10.96%
- 10Y*
- 13.06%
SMT.L vs. SBUY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 27.32% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 41.09% |
SBUY.L Invesco Global Buyback Achievers UCITS ETF | 6.48% | 21.60% | 14.64% | 9.46% | -0.90% | 21.36% | 8.43% | 25.36% | -9.32% | 10.44% |
Correlation
The correlation between SMT.L and SBUY.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2014 | 0.60 |
The correlation between SMT.L and SBUY.L shifts across timeframes, from 0.47 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMT.L vs. SBUY.L — Risk / Return Rank
SMT.L
SBUY.L
SMT.L vs. SBUY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) and Invesco Global Buyback Achievers UCITS ETF (SBUY.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.
| SMT.L | SBUY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 5.25 | -1.10 |
| Martin ratioReturn relative to average drawdown | 14.08 | 16.93 | -2.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SMT.L | SBUY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.57 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.80 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.85 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.84 | -0.28 |
Drawdowns
SMT.L vs. SBUY.L - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -62.61%, which is greater than SBUY.L's maximum drawdown of -30.91%. Use the drawdown chart below to compare losses from any high point for SMT.L and SBUY.L.
Loading charts...
Drawdown Indicators
| SMT.L | SBUY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.61% | -30.91% | -31.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -4.79% | -7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -28.05% | -17.76% | -10.29% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -17.76% | -42.35% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | -30.91% | -29.20% |
Current DrawdownCurrent decline from peak | -2.27% | 0.00% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -3.99% | -12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.49% | +2.13% |
Volatility
SMT.L vs. SBUY.L - Volatility Comparison
Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 4.49% compared to Invesco Global Buyback Achievers UCITS ETF (SBUY.L) at 2.32%. This indicates that SMT.L's price experiences larger fluctuations and is considered to be riskier than SBUY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMT.L | SBUY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 2.32% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 7.04% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 9.81% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 13.73% | +15.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 15.51% | +13.25% |
SMT.L vs. SBUY.L - Expense Ratio Comparison
SMT.L has a 0.31% expense ratio, which is lower than SBUY.L's 0.39% expense ratio.
Dividends
SMT.L vs. SBUY.L - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.29%, less than SBUY.L's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBUY.L Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.86% | 1.80% | 1.73% | 1.91% | 1.20% | 1.62% | 1.90% | 1.31% | 1.22% | 1.60% | 1.27% |
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
Frequently Asked Questions
SMT.L and SBUY.L have a correlation of 0.47, 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 0.39% for SBUY.L.
They also come from different issuers: Baillie Gifford Funds and Invesco. Their fees differ too: 0.31% for SMT.L and 0.39% for SBUY.L.
Find the right allocation for SMT.L and SBUY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer