EL4X.DE vs. SLQX.DE
EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - EL4X.DE tracks the DAXplus® Maximum Dividend while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, EL4X.DE returned 2.51%/yr vs 23.30%/yr for SLQX.DE. At a 0.12 correlation, their price movements are largely independent. EL4X.DE charges 0.30%/yr vs 1.38%/yr for SLQX.DE.
Performance
EL4X.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4X.DE achieves a 6.39% return, which is significantly lower than SLQX.DE's 26.18% return.
EL4X.DE
- 1D
- 0.87%
- 1M
- -1.60%
- 6M
- 4.26%
- YTD
- 6.39%
- 1Y
- 6.06%
- 3Y*
- 8.30%
- 5Y*
- 2.51%
- 10Y*
- 1.88%
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
EL4X.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.39% | 14.14% | -1.45% | 26.37% | -20.07% | 9.05% | -2.95% | 11.24% | -21.90% |
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 EL4X.DE and SLQX.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.12 |
The correlation between EL4X.DE and SLQX.DE shifts across timeframes, from 0.12 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4X.DE vs. SLQX.DE — Risk / Return Rank
EL4X.DE
SLQX.DE
EL4X.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAXplus Maximum Dividend UCITS ETF (EL4X.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.
| EL4X.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.31 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.30 | 5.57 | -4.27 |
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Drawdowns
EL4X.DE vs. SLQX.DE - Drawdown Comparison
The maximum EL4X.DE drawdown since its inception was -56.06%, 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 EL4X.DE and SLQX.DE.
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Drawdown Indicators
| EL4X.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.06% | -34.33% | -21.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -12.32% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -12.39% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -24.09% | -10.42% |
Max Drawdown (10Y)Largest decline over 10 years | -56.06% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | 0.00% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -8.99% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 5.13% | -0.49% |
Volatility
EL4X.DE vs. SLQX.DE - Volatility Comparison
Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 5.86% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that EL4X.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
| EL4X.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 3.38% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 16.14% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 21.11% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 18.41% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 17.91% | +0.27% |
EL4X.DE vs. SLQX.DE - Expense Ratio Comparison
EL4X.DE has a 0.30% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
EL4X.DE vs. SLQX.DE - Dividend Comparison
EL4X.DE's dividend yield for the trailing twelve months is around 4.56%, while SLQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.56% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.21% | 0.42% | 7.17% | 7.37% | 5.62% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4X.DE and SLQX.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4X.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4X.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for SLQX.DE.
EL4X.DE tracks DAXplus® Maximum Dividend, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: Deka and Expat. Their fees differ too: 0.30% for EL4X.DE and 1.38% for SLQX.DE.
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