ESNB.DE vs. SLQX.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds from Expat - ESNB.DE tracks the BELEX15 Index while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.86%/yr vs 23.30%/yr for SLQX.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
ESNB.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESNB.DE achieves a -7.20% return, which is significantly lower than SLQX.DE's 26.18% return.
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 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*
- —
ESNB.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
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 ESNB.DE and SLQX.DE is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.03 |
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Return for Risk
ESNB.DE vs. SLQX.DE — Risk / Return Rank
ESNB.DE
SLQX.DE
ESNB.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| ESNB.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.31 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.05 | 5.57 | -6.61 |
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Drawdowns
ESNB.DE vs. SLQX.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and SLQX.DE.
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Drawdown Indicators
| ESNB.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -34.33% | +11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -12.32% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -12.39% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -24.09% | +8.24% |
Current DrawdownCurrent decline from peak | -13.87% | 0.00% | -13.87% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -8.99% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 5.13% | -0.25% |
Volatility
ESNB.DE vs. SLQX.DE - Volatility Comparison
The current volatility for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) is 3.07%, while Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a volatility of 3.38%. This indicates that ESNB.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
| ESNB.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.38% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 16.14% | -9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.76% | 21.11% | -11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 18.41% | -7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 17.91% | -5.80% |
ESNB.DE vs. SLQX.DE - Expense Ratio Comparison
Both ESNB.DE and SLQX.DE have an expense ratio of 1.38%.
Dividends
ESNB.DE vs. SLQX.DE - Dividend Comparison
Neither ESNB.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
ESNB.DE and SLQX.DE have a correlation of -0.00, 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.
ESNB.DE and SLQX.DE have the same expense ratio: 1.38% per year.
ESNB.DE tracks BELEX15 Index, while SLQX.DE tracks SBI TOP Index.
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