WDTE.DE vs. SMLD.DE
WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both exchange-traded funds - WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while SMLD.DE is a Energy Equities fund tracking the Morningstar MLP Composite. Both are passively managed. Over the past 3 years, WDTE.DE returned 25.83%/yr vs 20.56%/yr for SMLD.DE. At a 0.15 correlation, their price movements are largely independent. WDTE.DE charges 0.18%/yr vs 0.50%/yr for SMLD.DE.
Performance
WDTE.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WDTE.DE achieves a 18.32% return, which is significantly lower than SMLD.DE's 20.75% return.
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
SMLD.DE
- 1D
- -0.66%
- 1M
- 0.52%
- YTD
- 20.75%
- 6M
- 14.96%
- 1Y
- 13.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
WDTE.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 20.75% | -8.86% | 35.22% | 20.50% |
Correlation
The correlation between WDTE.DE and SMLD.DE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.15 |
The correlation between WDTE.DE and SMLD.DE shifts across timeframes, from -0.00 (1 year) to 0.16 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WDTE.DE vs. SMLD.DE — Risk / Return Rank
WDTE.DE
SMLD.DE
WDTE.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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.
| WDTE.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 0.92 | +1.40 |
| Martin ratioReturn relative to average drawdown | 6.14 | 1.91 | +4.23 |
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
| WDTE.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.51 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.29 | +1.15 |
Drawdowns
WDTE.DE vs. SMLD.DE - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -28.19%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and SMLD.DE.
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Drawdown Indicators
| WDTE.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -73.78% | +45.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -14.77% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | -22.99% | -5.20% |
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 | -3.63% | -3.47% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -17.76% | +12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 7.16% | -1.17% |
Volatility
WDTE.DE vs. SMLD.DE - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 8.26% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.38%. This indicates that WDTE.DE'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.
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Volatility by Period
| WDTE.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 5.38% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 12.79% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 26.64% | -7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 22.60% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 34.70% | -12.96% |
WDTE.DE vs. SMLD.DE - Expense Ratio Comparison
WDTE.DE has a 0.18% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.
Dividends
WDTE.DE vs. SMLD.DE - Dividend Comparison
WDTE.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.55% | 8.45% | 12.45% | 18.33% | 14.40% | 17.94% | 25.01% | 18.21% | 21.61% | 18.39% | 14.39% | 20.63% |
WDTE.DE Invesco S&P World Information Technology ESG 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% |
Frequently Asked Questions
WDTE.DE and SMLD.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for SMLD.DE.
WDTE.DE is categorized as Technology Equities, while SMLD.DE is Energy Equities. WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while SMLD.DE tracks Morningstar MLP Composite. Their fees differ too: 0.18% for WDTE.DE and 0.50% for SMLD.DE.
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