UCLA.DE vs. SMLD.DE
Compare and contrast key facts about Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE).
UCLA.DE and SMLD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCLA.DE is an actively managed fund by Invesco. It was launched on Feb 10, 2025. 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.
Performance
UCLA.DE vs. SMLD.DE - Performance Comparison
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UCLA.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCLA.DE Invesco USD AAA CLO UCITS ETF Acc | 2.36% | -7.62% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 16.58% | -16.78% |
Returns By Period
In the year-to-date period, UCLA.DE achieves a 2.36% return, which is significantly lower than SMLD.DE's 16.58% return.
UCLA.DE
- 1D
- -0.69%
- 1M
- 0.81%
- YTD
- 2.36%
- 6M
- 3.20%
- 1Y
- -2.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMLD.DE
- 1D
- -3.84%
- 1M
- -0.75%
- YTD
- 16.58%
- 6M
- 15.41%
- 1Y
- -1.50%
- 3Y*
- 20.72%
- 5Y*
- 27.81%
- 10Y*
- 18.14%
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UCLA.DE vs. SMLD.DE - Expense Ratio Comparison
UCLA.DE has a 0.25% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Return for Risk
UCLA.DE vs. SMLD.DE — Risk / Return Rank
UCLA.DE
SMLD.DE
UCLA.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) 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.
| UCLA.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | -0.05 | -0.27 |
Sortino ratioReturn per unit of downside risk | -0.39 | 0.13 | -0.53 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.02 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.12 | -0.19 |
Martin ratioReturn relative to average drawdown | -0.52 | -0.20 | -0.32 |
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
| UCLA.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | -0.05 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.28 | -0.93 |
Correlation
The correlation between UCLA.DE and SMLD.DE is 0.38, 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.
Dividends
UCLA.DE vs. SMLD.DE - Dividend Comparison
UCLA.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.82%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCLA.DE Invesco USD AAA CLO UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.82% | 8.45% | 12.45% | 18.33% | 14.40% | 17.94% | 25.01% | 18.21% | 21.61% | 18.39% | 14.39% | 20.63% |
Drawdowns
UCLA.DE vs. SMLD.DE - Drawdown Comparison
The maximum UCLA.DE drawdown since its inception was -10.36%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for UCLA.DE and SMLD.DE.
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Drawdown Indicators
| UCLA.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.36% | -73.78% | +63.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -18.97% | +12.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.79% | — |
Current DrawdownCurrent decline from peak | -5.80% | -6.66% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -17.93% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 9.10% | -5.53% |
Volatility
UCLA.DE vs. SMLD.DE - Volatility Comparison
The current volatility for Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) is 2.22%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) has a volatility of 5.76%. This indicates that UCLA.DE experiences smaller price fluctuations and is considered to be less risky than SMLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCLA.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 5.76% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 23.70% | -19.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.15% | 29.37% | -22.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 22.73% | -15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.38% | 34.81% | -27.43% |