BGX.DE vs. SK9A.DE
BGX.DE (Expat Bulgaria SOFIX UCITS ETF) and SK9A.DE (Expat Slovakia SAX UCITS ETF) are both Europe Equities funds from Expat - BGX.DE tracks the SOFIX Index while SK9A.DE tracks the SAX Index. Both are passively managed. Over the past 5 years, BGX.DE returned 12.68%/yr vs -11.34%/yr for SK9A.DE. At a 0.02 correlation, their price movements are largely independent.
Performance
BGX.DE vs. SK9A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BGX.DE achieves a 6.93% return, which is significantly higher than SK9A.DE's -5.23% return.
BGX.DE
- 1D
- 2.07%
- 1M
- 2.97%
- 6M
- -10.23%
- YTD
- 6.93%
- 1Y
- 18.70%
- 3Y*
- 19.88%
- 5Y*
- 12.68%
- 10Y*
- —
SK9A.DE
- 1D
- 0.09%
- 1M
- 4.26%
- 6M
- -3.96%
- YTD
- -5.23%
- 1Y
- -8.43%
- 3Y*
- -8.81%
- 5Y*
- -11.34%
- 10Y*
- —
BGX.DE vs. SK9A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGX.DE Expat Bulgaria SOFIX UCITS ETF | 6.93% | 28.73% | 14.12% | 19.29% | -10.64% | 32.54% | -18.73% | -9.31% | -12.10% |
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.23% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
Correlation
The correlation between BGX.DE and SK9A.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.02 |
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Return for Risk
BGX.DE vs. SK9A.DE — Risk / Return Rank
BGX.DE
SK9A.DE
BGX.DE vs. SK9A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Bulgaria SOFIX UCITS ETF (BGX.DE) and Expat Slovakia SAX UCITS ETF (SK9A.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.
| BGX.DE | SK9A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.84 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.55 | +1.65 |
| Martin ratioReturn relative to average drawdown | 2.08 | -1.04 | +3.12 |
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Drawdowns
BGX.DE vs. SK9A.DE - Drawdown Comparison
The maximum BGX.DE drawdown since its inception was -46.59%, smaller than the maximum SK9A.DE drawdown of -73.30%. Use the drawdown chart below to compare losses from any high point for BGX.DE and SK9A.DE.
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Drawdown Indicators
| BGX.DE | SK9A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.59% | -73.30% | +26.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -15.32% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -31.08% | +13.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -49.50% | +31.51% |
Current DrawdownCurrent decline from peak | -12.90% | -71.32% | +58.42% |
Average DrawdownAverage peak-to-trough decline | -20.20% | -45.90% | +25.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 8.06% | +1.54% |
Volatility
BGX.DE vs. SK9A.DE - Volatility Comparison
The current volatility for Expat Bulgaria SOFIX UCITS ETF (BGX.DE) is 3.60%, while Expat Slovakia SAX UCITS ETF (SK9A.DE) has a volatility of 5.90%. This indicates that BGX.DE experiences smaller price fluctuations and is considered to be less risky than SK9A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGX.DE | SK9A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 5.90% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | 7.80% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 10.02% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 9.51% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 38.29% | -22.54% |
Dividends
BGX.DE vs. SK9A.DE - Dividend Comparison
Neither BGX.DE nor SK9A.DE has paid dividends to shareholders.
Frequently Asked Questions
BGX.DE and SK9A.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGX.DE tracks SOFIX Index, while SK9A.DE tracks SAX Index.
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