WDEE.DE vs. SMLP.DE
WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) and SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) are both Energy Equities funds from Invesco - WDEE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy while SMLP.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 3 years, WDEE.DE returned 16.13%/yr vs 15.69%/yr for SMLP.DE. A 0.75 correlation means they provide meaningful diversification when combined. WDEE.DE charges 0.18%/yr vs 0.50%/yr for SMLP.DE.
Performance
WDEE.DE vs. SMLP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WDEE.DE achieves a 33.31% return, which is significantly higher than SMLP.DE's 21.07% return.
WDEE.DE
- 1D
- 2.19%
- 1M
- -0.24%
- YTD
- 33.31%
- 6M
- 28.72%
- 1Y
- 38.58%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
SMLP.DE
- 1D
- -0.67%
- 1M
- 0.55%
- YTD
- 21.07%
- 6M
- 14.97%
- 1Y
- 13.65%
- 3Y*
- 15.69%
- 5Y*
- 18.35%
- 10Y*
- 6.71%
WDEE.DE vs. SMLP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 33.31% | -2.96% | 9.29% | 6.37% |
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 21.07% | -9.11% | 28.88% | 11.69% |
Correlation
The correlation between WDEE.DE and SMLP.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.75 |
The correlation between WDEE.DE and SMLP.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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
WDEE.DE vs. SMLP.DE — Risk / Return Rank
WDEE.DE
SMLP.DE
WDEE.DE vs. SMLP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.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.
| WDEE.DE | SMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.15 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.41 | +1.53 |
| Martin ratioReturn relative to average drawdown | 9.51 | 3.20 | +6.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WDEE.DE | SMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.83 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.10 | +0.60 |
Drawdowns
WDEE.DE vs. SMLP.DE - Drawdown Comparison
The maximum WDEE.DE drawdown since its inception was -23.77%, smaller than the maximum SMLP.DE drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for WDEE.DE and SMLP.DE.
Loading charts...
Drawdown Indicators
| WDEE.DE | SMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -79.34% | +55.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -9.62% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -22.58% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.25% | — |
Current DrawdownCurrent decline from peak | -4.37% | -3.45% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -25.61% | +18.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 4.25% | -0.40% |
Volatility
WDEE.DE vs. SMLP.DE - Volatility Comparison
Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) has a higher volatility of 7.54% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) at 5.21%. This indicates that WDEE.DE's price experiences larger fluctuations and is considered to be riskier than SMLP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WDEE.DE | SMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 5.21% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 12.78% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 16.31% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 20.44% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 28.59% | -8.65% |
WDEE.DE vs. SMLP.DE - Expense Ratio Comparison
WDEE.DE has a 0.18% expense ratio, which is lower than SMLP.DE's 0.50% expense ratio.
Dividends
WDEE.DE vs. SMLP.DE - Dividend Comparison
Neither WDEE.DE nor SMLP.DE has paid dividends to shareholders.
Frequently Asked Questions
WDEE.DE and SMLP.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for SMLP.DE.
WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy, while SMLP.DE tracks Morningstar MLP Composite. Their fees differ too: 0.18% for WDEE.DE and 0.50% for SMLP.DE.
Find the right allocation for WDEE.DE and SMLP.DE
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