WF1E.DE vs. SMLD.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE).

WF1E.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. WF1E.DE is a passively managed fund by Invesco that tracks the performance of the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Financials. It was launched on Apr 12, 2023. 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. Both WF1E.DE and SMLD.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WF1E.DE vs. SMLD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE). The values are adjusted to include any dividend payments, if applicable.

WF1E.DE vs. SMLD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WF1E.DE Invesco S&P World Financials ESG UCITS ETF Acc	-4.23%	13.85%	32.68%	14.22%
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist	18.78%	-8.86%	35.22%	20.50%

Returns By Period

In the year-to-date period, WF1E.DE achieves a -4.23% return, which is significantly lower than SMLD.DE's 18.78% return.

WF1E.DE

• 1D: 0.05%
• 1M: -0.33%
• YTD: -4.23%
• 6M: 2.53%
• 1Y: 5.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMLD.DE

• 1D: -2.01%
• 1M: 0.04%
• YTD: 18.78%
• 6M: 17.79%
• 1Y: 0.07%
• 3Y*: 20.91%
• 5Y*: 28.29%
• 10Y*: 18.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WF1E.DE vs. SMLD.DE - Expense Ratio Comparison

WF1E.DE has a 0.18% expense ratio, which is lower than SMLD.DE's 0.50% expense ratio.

SMLD.DE

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist

WF1E.DE

Invesco S&P World Financials ESG UCITS ETF Acc

Return for Risk

WF1E.DE vs. SMLD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WF1E.DE

WF1E.DE Risk / Return Rank: 25
WF1E.DE Sharpe Ratio Rank: 19
WF1E.DE Sortino Ratio Rank: 18
WF1E.DE Omega Ratio Rank: 19
WF1E.DE Calmar Ratio Rank: 36
WF1E.DE Martin Ratio Rank: 33

SMLD.DE

SMLD.DE Risk / Return Rank: 14
SMLD.DE Sharpe Ratio Rank: 12
SMLD.DE Sortino Ratio Rank: 12
SMLD.DE Omega Ratio Rank: 13
SMLD.DE Calmar Ratio Rank: 17
SMLD.DE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WF1E.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.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.

	WF1E.DE	SMLD.DE	Difference
Sharpe ratio Return per unit of total volatility	0.32	0.00	+0.31
Sortino ratio Return per unit of downside risk	0.53	0.21	+0.32
Omega ratio Gain probability vs. loss probability	1.08	1.04	+0.04
Calmar ratio Return relative to maximum drawdown	1.23	0.35	+0.88
Martin ratio Return relative to average drawdown	3.84	0.68	+3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WF1E.DE vs. SMLD.DE - Sharpe Ratio Comparison

The current WF1E.DE Sharpe Ratio is 0.32, which is higher than the SMLD.DE Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of WF1E.DE and SMLD.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WF1E.DE	SMLD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	0.00	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.29	+0.97

Correlation

The correlation between WF1E.DE and SMLD.DE is 0.36, 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

WF1E.DE vs. SMLD.DE - Dividend Comparison

WF1E.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.68%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WF1E.DE Invesco S&P World Financials 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%
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist	7.68%	8.45%	12.45%	18.33%	14.40%	17.94%	25.01%	18.21%	21.61%	18.39%	14.39%	20.63%

Drawdowns

WF1E.DE vs. SMLD.DE - Drawdown Comparison

The maximum WF1E.DE drawdown since its inception was -19.97%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for WF1E.DE and SMLD.DE.

Drawdown Indicators

	WF1E.DE	SMLD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.97%	-73.78%	+53.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-14.88%	+4.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.79%	—
Current Drawdown Current decline from peak	-5.85%	-4.89%	-0.96%
Average Drawdown Average peak-to-trough decline	-2.66%	-17.92%	+15.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	7.52%	-4.67%

Volatility

WF1E.DE vs. SMLD.DE - Volatility Comparison

Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.DE) has a higher volatility of 4.83% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 4.54%. This indicates that WF1E.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.

Volatility by Period

	WF1E.DE	SMLD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.54%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	23.44%	-13.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	29.18%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	22.67%	-8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.62%	34.79%	-20.17%