SXRG.DE vs. SMLK.DE
SXRG.DE (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) and SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) are both Small Cap Blend Equities funds - SXRG.DE tracks the MSCI USA Small Cap ESG Enhanced Focus CTB while SMLK.DE tracks the S&P SmallCap 600. Both are passively managed. Over the past 5 years, SXRG.DE returned 7.64%/yr vs 6.92%/yr for SMLK.DE. With a 0.97 correlation, they move nearly in lockstep. SXRG.DE charges 0.43%/yr vs 0.14%/yr for SMLK.DE.
Performance
SXRG.DE vs. SMLK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SXRG.DE having a 16.26% return and SMLK.DE slightly lower at 15.73%.
SXRG.DE
- 1D
- 0.84%
- 1M
- 4.42%
- YTD
- 16.26%
- 6M
- 16.37%
- 1Y
- 31.93%
- 3Y*
- 13.50%
- 5Y*
- 7.64%
- 10Y*
- 10.73%
SMLK.DE
- 1D
- 0.95%
- 1M
- 2.49%
- YTD
- 15.73%
- 6M
- 16.04%
- 1Y
- 31.03%
- 3Y*
- 12.46%
- 5Y*
- 6.92%
- 10Y*
- —
SXRG.DE vs. SMLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SXRG.DE iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 16.26% | -1.21% | 15.85% | 13.82% | -12.53% | 8.11% |
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 15.73% | -4.02% | 13.30% | 13.97% | -11.83% | 10.98% |
Correlation
The correlation between SXRG.DE and SMLK.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.97 |
The correlation between SXRG.DE and SMLK.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SXRG.DE vs. SMLK.DE — Risk / Return Rank
SXRG.DE
SMLK.DE
SXRG.DE vs. SMLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) and Invesco S&P SmallCap 600 UCITS ETF A (SMLK.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.
| SXRG.DE | SMLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 5.02 | +0.13 |
| Martin ratioReturn relative to average drawdown | 15.48 | 14.18 | +1.30 |
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
| SXRG.DE | SMLK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.88 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.34 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.34 | +0.19 |
Drawdowns
SXRG.DE vs. SMLK.DE - Drawdown Comparison
The maximum SXRG.DE drawdown since its inception was -41.79%, which is greater than SMLK.DE's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SXRG.DE and SMLK.DE.
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Drawdown Indicators
| SXRG.DE | SMLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -32.69% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -6.15% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -31.54% | -32.69% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.54% | -32.69% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -8.96% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.18% | -0.12% |
Volatility
SXRG.DE vs. SMLK.DE - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) is 3.75%, while Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) has a volatility of 4.06%. This indicates that SXRG.DE experiences smaller price fluctuations and is considered to be less risky than SMLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRG.DE | SMLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.06% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 10.55% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 16.46% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 20.01% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 19.98% | +0.37% |
SXRG.DE vs. SMLK.DE - Expense Ratio Comparison
SXRG.DE has a 0.43% expense ratio, which is higher than SMLK.DE's 0.14% expense ratio.
Dividends
SXRG.DE vs. SMLK.DE - Dividend Comparison
Neither SXRG.DE nor SMLK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SXRG.DE and SMLK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SMLK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLK.DE is cheaper with a 0.14% expense ratio, compared with 0.43% for SXRG.DE.
SXRG.DE tracks MSCI USA Small Cap ESG Enhanced Focus CTB, while SMLK.DE tracks S&P SmallCap 600. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.43% for SXRG.DE and 0.14% for SMLK.DE.
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