CZX.DE vs. SLQX.DE
CZX.DE (Expat Czech PX UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds from Expat - CZX.DE tracks the PX Index while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 23.30%/yr for SLQX.DE. At a 0.17 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
CZX.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CZX.DE achieves a -0.76% return, which is significantly lower than SLQX.DE's 26.18% return.
CZX.DE
- 1D
- 0.09%
- 1M
- 0.94%
- 6M
- -2.81%
- YTD
- -0.76%
- 1Y
- 25.11%
- 3Y*
- 26.57%
- 5Y*
- 17.96%
- 10Y*
- —
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
CZX.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CZX.DE Expat Czech PX UCITS ETF | -0.76% | 59.06% | 25.21% | 15.53% | -14.17% | 36.32% | -8.82% | 15.70% | -17.38% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.18% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
Correlation
The correlation between CZX.DE and SLQX.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.17 |
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Return for Risk
CZX.DE vs. SLQX.DE — Risk / Return Rank
CZX.DE
SLQX.DE
CZX.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.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.
| CZX.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.31 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.25 | 5.57 | -0.32 |
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Drawdowns
CZX.DE vs. SLQX.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, which is greater than SLQX.DE's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for CZX.DE and SLQX.DE.
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Drawdown Indicators
| CZX.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -34.33% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -12.32% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -12.39% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -24.09% | -1.78% |
Current DrawdownCurrent decline from peak | -4.39% | 0.00% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -8.99% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 5.13% | -0.23% |
Volatility
CZX.DE vs. SLQX.DE - Volatility Comparison
Expat Czech PX UCITS ETF (CZX.DE) has a higher volatility of 4.33% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that CZX.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
| CZX.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.38% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 16.14% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 21.11% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 18.41% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 17.91% | +0.48% |
CZX.DE vs. SLQX.DE - Expense Ratio Comparison
Both CZX.DE and SLQX.DE have an expense ratio of 1.38%.
Dividends
CZX.DE vs. SLQX.DE - Dividend Comparison
Neither CZX.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and SLQX.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CZX.DE and SLQX.DE have the same expense ratio: 1.38% per year.
CZX.DE tracks PX Index, while SLQX.DE tracks SBI TOP Index.
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