AW1Z.DE vs. SLQX.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 23.41%/yr for SLQX.DE. At a 0.15 correlation, their price movements are largely independent. AW1Z.DE charges 0.14%/yr vs 1.38%/yr for SLQX.DE.
Performance
AW1Z.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than SLQX.DE's 26.72% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.73%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 30.20%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
AW1Z.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.72% | 46.37% | 33.58% | 16.52% | -10.85% | 29.94% |
Correlation
The correlation between AW1Z.DE and SLQX.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.15 |
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Return for Risk
AW1Z.DE vs. SLQX.DE — Risk / Return Rank
AW1Z.DE
SLQX.DE
AW1Z.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) and Expat Slovenia SBI TOP UCITS ETF (SLQX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AW1Z.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.28 | -0.95 |
| Martin ratioReturn relative to average drawdown | 4.77 | 5.48 | -0.72 |
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Drawdowns
AW1Z.DE vs. SLQX.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and SLQX.DE.
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Drawdown Indicators
| AW1Z.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -34.33% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -12.32% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.39% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -24.09% | -0.61% |
Current DrawdownCurrent decline from peak | -2.16% | 0.00% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -8.99% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 5.13% | -2.13% |
Volatility
AW1Z.DE vs. SLQX.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) has a higher volatility of 3.86% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.26%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier than SLQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1Z.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.26% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 16.07% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 21.11% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 18.40% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 17.91% | -1.86% |
AW1Z.DE vs. SLQX.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
AW1Z.DE vs. SLQX.DE - Dividend Comparison
Neither AW1Z.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and SLQX.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1Z.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1Z.DE is cheaper with a 0.14% expense ratio, compared with 1.38% for SLQX.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: UBS and Expat. Their fees differ too: 0.14% for AW1Z.DE and 1.38% for SLQX.DE.
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