TYRES.HE vs. SMLD.DE
Compare and contrast key facts about Nokian Renkaat Oyj (TYRES.HE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE).
SMLD.DE is a passively managed fund by Invesco that tracks the performance of the Morningstar MLP Composite. It was launched on May 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYRES.HE or SMLD.DE.
Correlation
The correlation between TYRES.HE and SMLD.DE is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TYRES.HE vs. SMLD.DE - Performance Comparison
Key characteristics
TYRES.HE:
0.12
SMLD.DE:
1.79
TYRES.HE:
0.34
SMLD.DE:
2.55
TYRES.HE:
1.04
SMLD.DE:
1.33
TYRES.HE:
0.04
SMLD.DE:
2.94
TYRES.HE:
0.27
SMLD.DE:
7.84
TYRES.HE:
10.83%
SMLD.DE:
3.67%
TYRES.HE:
25.01%
SMLD.DE:
16.08%
TYRES.HE:
-80.25%
SMLD.DE:
-82.32%
TYRES.HE:
-73.15%
SMLD.DE:
-0.46%
Returns By Period
In the year-to-date period, TYRES.HE achieves a 8.55% return, which is significantly lower than SMLD.DE's 10.63% return. Over the past 10 years, TYRES.HE has underperformed SMLD.DE with an annualized return of -6.81%, while SMLD.DE has yielded a comparatively higher 4.57% annualized return.
TYRES.HE
8.55%
7.73%
4.75%
1.92%
-15.82%
-6.81%
SMLD.DE
10.63%
6.01%
24.18%
29.20%
17.40%
4.57%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
TYRES.HE vs. SMLD.DE — Risk-Adjusted Performance Rank
TYRES.HE
SMLD.DE
TYRES.HE vs. SMLD.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nokian Renkaat Oyj (TYRES.HE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.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.
Dividends
TYRES.HE vs. SMLD.DE - Dividend Comparison
TYRES.HE's dividend yield for the trailing twelve months is around 6.90%, more than SMLD.DE's 4.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYRES.HE Nokian Renkaat Oyj | 6.90% | 7.49% | 6.66% | 5.74% | 3.60% | 3.96% | 6.16% | 5.82% | 4.05% | 4.23% | 4.38% | 7.15% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 4.04% | 4.47% | 9.52% | 8.51% | 9.70% | 13.38% | 11.07% | 11.70% | 9.79% | 8.57% | 10.81% | 8.01% |
Drawdowns
TYRES.HE vs. SMLD.DE - Drawdown Comparison
The maximum TYRES.HE drawdown since its inception was -80.25%, roughly equal to the maximum SMLD.DE drawdown of -82.32%. Use the drawdown chart below to compare losses from any high point for TYRES.HE and SMLD.DE. For additional features, visit the drawdowns tool.
Volatility
TYRES.HE vs. SMLD.DE - Volatility Comparison
Nokian Renkaat Oyj (TYRES.HE) has a higher volatility of 6.60% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 4.59%. This indicates that TYRES.HE's price experiences larger fluctuations and is considered to be riskier than SMLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.