CEMQ.DE vs. SLQX.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - CEMQ.DE tracks the MSCI Europe Sector Neutral Quality while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, CEMQ.DE returned 6.18%/yr vs 23.41%/yr for SLQX.DE. At a 0.09 correlation, their price movements are largely independent. CEMQ.DE charges 0.25%/yr vs 1.38%/yr for SLQX.DE.
Performance
CEMQ.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMQ.DE achieves a 8.53% return, which is significantly lower than SLQX.DE's 26.72% return.
CEMQ.DE
- 1D
- -0.17%
- 1M
- 0.75%
- 6M
- 4.31%
- YTD
- 8.53%
- 1Y
- 14.16%
- 3Y*
- 9.45%
- 5Y*
- 6.18%
- 10Y*
- 8.33%
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
CEMQ.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 8.53% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -4.84% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.72% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
Correlation
The correlation between CEMQ.DE and SLQX.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.09 |
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Return for Risk
CEMQ.DE vs. SLQX.DE — Risk / Return Rank
CEMQ.DE
SLQX.DE
CEMQ.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| CEMQ.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.28 | -0.59 |
| Martin ratioReturn relative to average drawdown | 5.80 | 5.48 | +0.32 |
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Drawdowns
CEMQ.DE vs. SLQX.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.76%, roughly equal to the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and SLQX.DE.
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Drawdown Indicators
| CEMQ.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -34.33% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -12.32% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -12.39% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -24.09% | +4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | — | — |
Current DrawdownCurrent decline from peak | -1.63% | 0.00% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -8.99% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 5.13% | -2.70% |
Volatility
CEMQ.DE vs. SLQX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 2.61%, while Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a volatility of 3.26%. This indicates that CEMQ.DE experiences smaller price fluctuations and is considered to be less risky 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
| CEMQ.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.26% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 16.07% | -6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 21.11% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 18.40% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 17.91% | -3.24% |
CEMQ.DE vs. SLQX.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
CEMQ.DE vs. SLQX.DE - Dividend Comparison
Neither CEMQ.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMQ.DE and SLQX.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for SLQX.DE.
CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.25% for CEMQ.DE and 1.38% for SLQX.DE.
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