EMNE.DE vs. SLQX.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 23.30%/yr for SLQX.DE. At a 0.12 correlation, their price movements are largely independent. EMNE.DE charges 0.12%/yr vs 1.38%/yr for SLQX.DE.
Performance
EMNE.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNE.DE achieves a 10.66% return, which is significantly lower than SLQX.DE's 26.18% return.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 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*
- —
EMNE.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.18% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 4.88% |
Correlation
The correlation between EMNE.DE and SLQX.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
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 8, 2019 | 0.12 |
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Return for Risk
EMNE.DE vs. SLQX.DE — Risk / Return Rank
EMNE.DE
SLQX.DE
EMNE.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
| EMNE.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.31 | -0.48 |
| Martin ratioReturn relative to average drawdown | 6.80 | 5.57 | +1.23 |
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Drawdowns
EMNE.DE vs. SLQX.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, roughly equal to the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and SLQX.DE.
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Drawdown Indicators
| EMNE.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -34.33% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -12.32% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -12.39% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -24.09% | -0.61% |
Current DrawdownCurrent decline from peak | -2.07% | 0.00% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -8.99% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 5.13% | -2.18% |
Volatility
EMNE.DE vs. SLQX.DE - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.83% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that EMNE.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
| EMNE.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.38% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 16.14% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 21.11% | -6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 18.41% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 17.91% | +2.08% |
EMNE.DE vs. SLQX.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
EMNE.DE vs. SLQX.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while SLQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNE.DE and SLQX.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 1.38% for SLQX.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.12% for EMNE.DE and 1.38% for SLQX.DE.
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